Silverfin false false 31/12/2023 01/01/2023 31/12/2023 L G Curry 02/07/2015 D A Webber 31/12/2021 25 September 2024 The principal activity of the company for the financial year was that of property investment 09668060 2023-12-31 09668060 bus:Director1 2023-12-31 09668060 bus:Director2 2023-12-31 09668060 2022-12-31 09668060 core:CurrentFinancialInstruments 2023-12-31 09668060 core:CurrentFinancialInstruments 2022-12-31 09668060 core:ShareCapital 2023-12-31 09668060 core:ShareCapital 2022-12-31 09668060 core:RetainedEarningsAccumulatedLosses 2023-12-31 09668060 core:RetainedEarningsAccumulatedLosses 2022-12-31 09668060 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2023-12-31 09668060 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2022-12-31 09668060 bus:OrdinaryShareClass1 2023-12-31 09668060 2023-01-01 2023-12-31 09668060 bus:FilletedAccounts 2023-01-01 2023-12-31 09668060 bus:SmallEntities 2023-01-01 2023-12-31 09668060 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09668060 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09668060 bus:Director1 2023-01-01 2023-12-31 09668060 bus:Director2 2023-01-01 2023-12-31 09668060 2022-01-01 2022-12-31 09668060 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 09668060 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 09668060 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 09668060 bus:OrdinaryShareClass2 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09668060 (England and Wales)

JUBILEE PROPERTY HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

JUBILEE PROPERTY HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

JUBILEE PROPERTY HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2023
JUBILEE PROPERTY HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Investments 10,000 10,081
10,000 10,081
Current assets
Debtors 3 3,110,672 3,110,672
Cash at bank and in hand 4 1,146 1,146
3,111,818 3,111,818
Creditors: amounts falling due within one year 5 ( 35,524) ( 34,264)
Net current assets 3,076,294 3,077,554
Total assets less current liabilities 3,086,294 3,087,635
Net assets 3,086,294 3,087,635
Capital and reserves
Called-up share capital 6 10,000 10,000
Profit and loss account 3,076,294 3,077,635
Total shareholders' funds 3,086,294 3,087,635

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Jubilee Property Holdings Limited (registered number: 09668060) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

D A Webber
Director

25 September 2024

JUBILEE PROPERTY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
JUBILEE PROPERTY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Jubilee Property Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the company during the year, including directors 1 1

3. Debtors

2023 2022
£ £
Amounts owed by fellow subsidiaries 3,110,672 3,110,672

4. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 1,146 1,146

5. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to own subsidiaries 33,664 33,664
Other creditors 1,860 600
35,524 34,264

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
10,000 ORDINARY shares of £ 1.00 each (2022: nil shares) 10,000 0
Nil Ordinary shares (2022: 10,000 shares of £ 10.00 each) 0 10,000
10,000 10,000