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REGISTERED NUMBER: 09033876 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

Albert Jerome Properties Limited

Albert Jerome Properties Limited (Registered number: 09033876)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Albert Jerome Properties Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: G P Champion
Mrs J Champion





REGISTERED OFFICE: 14 Hillside
Bratch Meadow
Wombourne
West Midlands
WV5 8AL





REGISTERED NUMBER: 09033876 (England and Wales)





ACCOUNTANTS: Blythe Phillips
8/9 Earls Way
Halesowen
West Midlands
B63 3HR

Albert Jerome Properties Limited (Registered number: 09033876)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 264,500 264,500

CURRENT ASSETS
Debtors 5 10,828 188
Cash at bank 3,876 12,388
14,704 12,576
CREDITORS
Amounts falling due within one year 6 182,100 184,362
NET CURRENT LIABILITIES (167,396 ) (171,786 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,104

92,714

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 97,004 92,614
97,104 92,714

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by:





G P Champion - Director


Albert Jerome Properties Limited (Registered number: 09033876)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Albert Jerome 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 June 2023
and 31 May 2024 264,500
NET BOOK VALUE
At 31 May 2024 264,500
At 31 May 2023 264,500

Albert Jerome Properties Limited (Registered number: 09033876)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. DEBTORS
31.5.24 31.5.23
£    £   
Amounts falling due within one year:
Trade debtors 10,578 -
Other debtors - 188
10,578 188

Amounts falling due after more than one year:
Other debtors 250 -

Aggregate amounts 10,828 188

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 41,606 44,656
Trade creditors 6,770 1,447
Taxation and social security 1,668 843
Other creditors 132,056 137,416
182,100 184,362