Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Lionel Gerald Curry 01/06/2019 Daniel Alexander Webber 31/12/2021 Daniel Webber 25 September 2024 The principal activity of the company during the financial year is property investment. 11701845 2023-12-31 11701845 bus:Director1 2023-12-31 11701845 bus:Director2 2023-12-31 11701845 2022-12-31 11701845 core:CurrentFinancialInstruments 2023-12-31 11701845 core:CurrentFinancialInstruments 2022-12-31 11701845 core:ShareCapital 2023-12-31 11701845 core:ShareCapital 2022-12-31 11701845 core:RetainedEarningsAccumulatedLosses 2023-12-31 11701845 core:RetainedEarningsAccumulatedLosses 2022-12-31 11701845 core:CostValuation 2022-12-31 11701845 core:DisposalsDecreaseInInvestments 2023-12-31 11701845 core:CostValuation 2023-12-31 11701845 core:DisposalsRepaymentsInvestments 2023-12-31 11701845 2023-01-01 2023-12-31 11701845 bus:FilletedAccounts 2023-01-01 2023-12-31 11701845 bus:SmallEntities 2023-01-01 2023-12-31 11701845 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 11701845 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11701845 bus:Director1 2023-01-01 2023-12-31 11701845 bus:Director2 2023-01-01 2023-12-31 11701845 bus:Director3 2023-01-01 2023-12-31 11701845 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Company No: 11701845 (England and Wales)

JUBILEE PROPERTY INTERNATIONAL LIMITED

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

JUBILEE PROPERTY INTERNATIONAL LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

JUBILEE PROPERTY INTERNATIONAL LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2023
JUBILEE PROPERTY INTERNATIONAL LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 1,726,948 1,727,104
1,726,948 1,727,104
Current assets
Debtors 4 2,932,364 2,909,373
Cash at bank and in hand 5 67 22,983
2,932,431 2,932,356
Creditors: amounts falling due within one year 6 ( 5,702,419) ( 5,701,700)
Net current liabilities (2,769,988) (2,769,344)
Total assets less current liabilities (1,043,040) (1,042,240)
Provision for liabilities ( 5,230) ( 5,230)
Net liabilities ( 1,048,270) ( 1,047,470)
Capital and reserves
Called-up share capital 8,925 8,925
Profit and loss account ( 1,057,195 ) ( 1,056,395 )
Total shareholders' deficit ( 1,048,270) ( 1,047,470)

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 International Limited (registered number: 11701845) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Daniel Webber
Director

25 September 2024

JUBILEE PROPERTY INTERNATIONAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
JUBILEE PROPERTY INTERNATIONAL 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 International 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 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 £.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
• the amount of revenue can be measured reliably;
• it is probable that the Company will receive the consideration due under the contract;
• the stage of completion of the contract at the end of the reporting period can be measured
reliably; and
• the costs incurred and the costs to complete the contract can be measured reliably.

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Trade and other debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known
amounts of cash with insignificant risk of change in value.

Trade and other creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the company during the year, including directors 0 0

3. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 January 2023 1,727,023
Disposals ( 75)
At 31 December 2023 1,726,948
Carrying value at 31 December 2023 1,726,948
Carrying value at 31 December 2022 1,727,023

Listed investments Total
£ £
Cost or valuation before impairment
At 01 January 2023 81 81
Disposals ( 81) ( 81)
At 31 December 2023 0 0
Carrying value at 31 December 2023 0 0
Carrying value at 31 December 2022 81 81

4. Debtors

2023 2022
£ £
Amounts owed by group undertakings 2,783,739 2,760,748
Other debtors 148,625 148,625
2,932,364 2,909,373

5. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 67 22,983

6. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to group undertakings 141,875 141,875
Accruals 2,518 1,799
Other creditors 5,558,026 5,558,026
5,702,419 5,701,700