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REGISTERED NUMBER: 09894497 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

JDM ASSETS LTD

JDM ASSETS LTD (REGISTERED NUMBER: 09894497)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JDM ASSETS LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: J D Morley
Mrs C E Morley





REGISTERED OFFICE: 21 Orgreave Place
Sheffield
South Yorkshire
S13 9LU





REGISTERED NUMBER: 09894497 (England and Wales)

JDM ASSETS LTD (REGISTERED NUMBER: 09894497)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,456 4,698
Investments 5 10 10
Investment property 6 841,200 759,340
915,666 764,048

CURRENT ASSETS
Debtors 7 305,356 274,427
Cash at bank 15,798 32,071
321,154 306,498
CREDITORS
Amounts falling due within one year 8 118,995 110,645
NET CURRENT ASSETS 202,159 195,853
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,117,825

959,901

CREDITORS
Amounts falling due after more than one
year

9

(513,581

)

(489,148

)

PROVISIONS FOR LIABILITIES (21,279 ) -
NET ASSETS 582,965 470,753

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 582,955 470,743
582,965 470,753

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

JDM ASSETS LTD (REGISTERED NUMBER: 09894497)

BALANCE SHEET - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





J D Morley - Director


JDM ASSETS LTD (REGISTERED NUMBER: 09894497)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

JDM Assets Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


All monetary values stated within these financial statements are rounded to the nearest £.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


JDM ASSETS LTD (REGISTERED NUMBER: 09894497)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 - 5,011 - 5,011
Additions - - 188,125 188,125
Disposals - - (112,380 ) (112,380 )
At 31 December 2023 - 5,011 75,745 80,756
DEPRECIATION
At 1 January 2023 313 - - 313
Charge for year - 1,253 4,734 5,987
Reclassification/transfer (313 ) 313 - -
At 31 December 2023 - 1,566 4,734 6,300
NET BOOK VALUE
At 31 December 2023 - 3,445 71,011 74,456
At 31 December 2022 (313 ) 5,011 - 4,698

JDM ASSETS LTD (REGISTERED NUMBER: 09894497)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 January 2023
and 31 December 2023 10
NET BOOK VALUE
At 31 December 2023 10
At 31 December 2022 10

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 759,340
Revaluations 81,860
At 31 December 2023 841,200
NET BOOK VALUE
At 31 December 2023 841,200
At 31 December 2022 759,340

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 81,860
Cost 759,340
841,200

If investment properties had not been revalued they would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 759,340 759,340

Investment properties were valued on on an open market basis on 31 December 2023 by the directors .

JDM ASSETS LTD (REGISTERED NUMBER: 09894497)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 702
Amounts owed by group undertakings - 79,345
Amounts owed by associates 303,718 189,660
Other debtors 1,638 4,720
305,356 274,427

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 26,481 28,773
Hire purchase contracts 3,362 -
Trade creditors 16 3,892
Amounts owed to group undertakings 76,177 76,177
Taxation and social security 5,277 222
Other creditors 7,682 1,581
118,995 110,645

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 450,183 489,148
Hire purchase contracts 63,398 -
513,581 489,148

Amounts falling due in more than five years:

Repayable by instalments
Bank loans greater than 5 yrs
and payable by instalments 344,258 374,055
344,258 374,055