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REGISTERED NUMBER: 12084607 (England and Wales)















FINANCIAL STATEMENTS FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

FOR

J & A Property (South West) Limited

J & A Property (South West) Limited (Registered number: 12084607)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 1 April 2023 to 30 September 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


J & A Property (South West) Limited

COMPANY INFORMATION
for the period 1 April 2023 to 30 September 2024







Directors: J Dart
Mrs A Dart





Registered office: Abacus House
129 North Hill
Plymouth
Devon
PL4 8JY





Business address: Lanternberry
51 Holtwood Road
Plymouth
Devon
PL6 7HU





Registered number: 12084607 (England and Wales)





Accountants: Nigel Webster & Co
129 North Hill
Plymouth
Devon
PL4 8JY

J & A Property (South West) Limited (Registered number: 12084607)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 - 10,690
Investments 5 100 100
Investment property 6 - 166,000
100 176,790

Current assets
Cash at bank - 7,262

Creditors
Amounts falling due within one year 7 100 13,710
Net current liabilities (100 ) (6,448 )
Total assets less current liabilities - 170,342

Creditors
Amounts falling due after more than
one year

8

-

(81,473

)

Provisions for liabilities 10 - (10,400 )
Net assets - 78,469

Capital and reserves
Called up share capital 11 200 200
Revaluation reserve 12 - 49,100
Retained earnings (200 ) 29,169
Shareholders' funds - 78,469

J & A Property (South West) Limited (Registered number: 12084607)

BALANCE SHEET - continued
30 September 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2024 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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:





Mrs A Dart - Director


J & A Property (South West) Limited (Registered number: 12084607)

NOTES TO THE FINANCIAL STATEMENTS
for the period 1 April 2023 to 30 September 2024

1. STATUTORY INFORMATION

J & A Property (South West) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, business address 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 fixed assets.

Preparation of consolidated financial statements
The financial statements contain information about J & A Property (South West) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents rent receivable for the period covered by the financial statements. Where rents are received from customers in advance of the balance sheet date, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life at the following rates:

Motor vehicles - 25% reducing balance
Computer equipment - 30% straight line

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 period comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.


J & A Property (South West) Limited (Registered number: 12084607)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 April 2023 to 30 September 2024

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 period 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.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

J & A Property (South West) Limited (Registered number: 12084607)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 April 2023 to 30 September 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 April 2023 14,135 105 14,240
Disposals (14,135 ) (105 ) (14,240 )
At 30 September 2024 - - -
Depreciation
At 1 April 2023 3,534 16 3,550
Charge for period 2,945 39 2,984
Eliminated on disposal (6,479 ) (55 ) (6,534 )
At 30 September 2024 - - -
Net book value
At 30 September 2024 - - -
At 31 March 2023 10,601 89 10,690

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaki
£   
Cost
At 1 April 2023
and 30 September 2024 100
Net book value
At 30 September 2024 100
At 31 March 2023 100

6. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 April 2023 166,000
Disposals (166,000 )
At 30 September 2024 -
Net book value
At 30 September 2024 -
At 31 March 2023 166,000

J & A Property (South West) Limited (Registered number: 12084607)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 April 2023 to 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 100 100
Other creditors - 13,610
100 13,710

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 81,473

These amounts relate to mortgage repayments all due after 5 years.

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 81,473

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax - 10,400

Deferred
tax
£   
Balance at 1 April 2023 10,400
Provided during period (10,400 )
Balance at 30 September 2024 -

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary shares £1 200 200

J & A Property (South West) Limited (Registered number: 12084607)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 April 2023 to 30 September 2024

12. RESERVES
Revaluati
reserve
£   
At 1 April 2023 49,100
Transfer to revaluation
reserve (49,100 )

At 30 September 2024 -

13. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the directors, J & Mrs A Dart.