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UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

JWS PROPERTIES LIMITED

JWS PROPERTIES LIMITED (REGISTERED NUMBER: 09939106)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JWS PROPERTIES LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTOR: Dr. J W Schofield





SECRETARY: P J Schofield





REGISTERED OFFICE: 5th Floor
Waverley House
115 - 119 Holdenhurst Road
Bournemouth
Dorset
BH8 8DY





REGISTERED NUMBER: 09939106 (England and Wales)






JWS PROPERTIES LIMITED (REGISTERED NUMBER: 09939106)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 503,750 503,750

CURRENT ASSETS
Cash at bank 6,046 10,703

CREDITORS
Amounts falling due within one year 5 802 2,287
NET CURRENT ASSETS 5,244 8,416
TOTAL ASSETS LESS CURRENT
LIABILITIES

508,994

512,166

CREDITORS
Amounts falling due after more than one year 6 478,915 480,704
NET ASSETS 30,079 31,462

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 197 197
Retained earnings 29,782 31,165
30,079 31,462

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 21 August 2024 and were signed by:





Dr. J W Schofield - Director


JWS PROPERTIES LIMITED (REGISTERED NUMBER: 09939106)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

JWS Properties Limited 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.

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 consideration for property rent receivable.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 503,750
NET BOOK VALUE
At 31 March 2024 503,750
At 31 March 2023 503,750

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 503,750

Investment property was valued on an open market basis on 31 March 2024 by The Director .

JWS PROPERTIES LIMITED (REGISTERED NUMBER: 09939106)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation - 1,497
Rent received in advance 802 790
802 2,287

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Loans 478,915 480,704

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 328,842 330,631

Bank loans are secured by way of a fixed charged against the investment property of the company.

8. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 197