Registered number
10419830
JAMES PROPERTIES (WILTSHIRE) LIMITED
Filleted Accounts
31 October 2023
JAMES PROPERTIES (WILTSHIRE) LIMITED
Registered number: 10419830
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,030,000 975,000
Current assets
Debtors 4 108,839 61,302
Creditors: amounts falling due within one year 5 (159,686) (116,357)
Net current liabilities (50,847) (55,055)
Total assets less current liabilities 979,153 919,945
Creditors: amounts falling due after more than one year 6 (755,390) (711,130)
Provisions for liabilities (67,489) (52,179)
Net assets 156,274 156,636
Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 287,719 248,029
Profit and loss account (131,545) (91,493)
Shareholder's funds 156,274 156,636
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Paul James
Director
Approved by the board on 1 October 2024
JAMES PROPERTIES (WILTSHIRE) LIMITED
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Not depreciated
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 November 2022 975,000
Surplus on revaluation 55,000
At 31 October 2023 1,030,000
Depreciation
At 31 October 2023 -
Net book value
At 31 October 2023 1,030,000
At 31 October 2022 975,000
4 Debtors 2023 2022
£ £
Prepayments - 122
Other debtors 108,839 61,180
108,839 61,302
5 Creditors: amounts falling due within one year 2023 2022
£ £
Sundry loans 82,350 60,200
Overdrafts 1,518 14,796
Accruals and deferred income - 3,900
Directors loan account 70,928 33,386
Other creditors 4,890 4,075
159,686 116,357
6 Creditors: amounts falling due after one year 2023 2022
£ £
Mortgages 755,390 711,130
7 Revaluation reserve 2023 2022
£ £
At 1 November 2022 248,029 174,096
Gain on revaluation of land and buildings 55,000 85,275
Deferred taxation arising on the revaluation of land and buildings (15,310) (11,342)
At 31 October 2023 287,719 248,029
8 Related party transactions
During the year the company made the following loans to companies under common control.

These loans are interest free and repayable on demand.

JARP Properties Ltd
Sundry Loan - £34,643.38

Plumpy Properties Limited
Sundry Loan - £64,105.20

James SA Properties Limited
Sundry Loan - £10,090.82

These loans are included within Other debtors
9 Controlling party
The ultimate controlling party is Paul James by virtue of his 100% holding of the ordinary share capital.
10 Other information
JAMES PROPERTIES (WILTSHIRE) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Flat 2 22 Old Road
Chippenham
Wiltshire
England
SN15 1JA
JAMES PROPERTIES (WILTSHIRE) LIMITED 10419830 false 2022-11-01 2023-10-31 2023-10-31 VT Final Accounts April 2024 Paul James No description of principal activity 10419830 2021-11-01 2022-10-31 10419830 core:RevaluationReserve core:LandBuildings 2021-11-01 2022-10-31 10419830 core:RevaluationReserve 2021-11-01 2022-10-31 10419830 core:WithinOneYear 2022-10-31 10419830 core:AfterOneYear 2022-10-31 10419830 core:ShareCapital 2022-10-31 10419830 core:OtherReservesSubtotal 2022-10-31 10419830 core:RetainedEarningsAccumulatedLosses 2022-10-31 10419830 core:RevaluationReserve 2021-10-31 10419830 2022-11-01 2023-10-31 10419830 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 10419830 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 10419830 bus:Director40 2022-11-01 2023-10-31 10419830 1 2022-11-01 2023-10-31 10419830 2 2022-11-01 2023-10-31 10419830 core:LandBuildings 2022-11-01 2023-10-31 10419830 core:RevaluationReserve core:LandBuildings 2022-11-01 2023-10-31 10419830 core:RevaluationReserve 2022-11-01 2023-10-31 10419830 countries:England 2022-11-01 2023-10-31 10419830 bus:FRS102 2022-11-01 2023-10-31 10419830 bus:FilletedAccounts 2022-11-01 2023-10-31 10419830 2023-10-31 10419830 core:WithinOneYear 2023-10-31 10419830 core:AfterOneYear 2023-10-31 10419830 core:ShareCapital 2023-10-31 10419830 core:OtherReservesSubtotal 2023-10-31 10419830 core:RetainedEarningsAccumulatedLosses 2023-10-31 10419830 core:LandBuildings 2023-10-31 10419830 core:RevaluationReserve 2023-10-31 10419830 2022-10-31 10419830 core:LandBuildings 2022-10-31 10419830 core:RevaluationReserve 2022-10-31 iso4217:GBP xbrli:pure