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REGISTERED NUMBER: 09489121 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Jones & Hunt Properties Limited

Jones & Hunt Properties Limited (Registered number: 09489121)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jones & Hunt Properties Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs D M Jones
G J Hunt





REGISTERED OFFICE: 14 Amherst Avenue
London
W13 8NQ





REGISTERED NUMBER: 09489121 (England and Wales)





ACCOUNTANTS: Shaw Accounting Services Limited
14 Amherst Avenue
London
W13 8NQ

Jones & Hunt Properties Limited (Registered number: 09489121)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Stocks 2,450,711 2,450,711
Cash at bank and in hand 60,079 75,665
2,510,790 2,526,376
CREDITORS
Amounts falling due within one year 4 204,141 293,668
NET CURRENT ASSETS 2,306,649 2,232,708
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,306,649

2,232,708

CREDITORS
Amounts falling due after more than one
year

5

2,011,092

2,011,092
NET ASSETS 295,557 221,616

CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Share premium 79,000 79,000
Retained earnings 215,557 141,616
SHAREHOLDERS' FUNDS 295,557 221,616

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Jones & Hunt Properties Limited (Registered number: 09489121)

Balance Sheet - continued
31 March 2024


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 26 October 2024 and were signed on its behalf by:




Mrs D M Jones - Director



G J Hunt - Director


Jones & Hunt Properties Limited (Registered number: 09489121)

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

1. STATUTORY INFORMATION

Jones & Hunt 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 19,248 19,932
Taxation and social security 32,913 32,290
Other creditors 151,980 241,446
204,141 293,668

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 2,011,092 2,011,092

Jones & Hunt Properties Limited (Registered number: 09489121)

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

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
500 A Ordinary £1 500 500
500 B Ordinary £1 500 500
1,000 1,000

7. RELATED PARTY DISCLOSURES

Jones & Hunt Properties Limited (J + H) has borrowed £2,000,000 from a company in which one of the directors has an interest. Interest is payable in respect of this loan at 1% over base.

In the year under review, interest of £94,600 (2023 - £65,146) was chargeable in respect of the loan described above. At 31 March 2024 the amount owed in respect of the loans and accrued interest was £2,023,096 (2023 - £2,023,096). In addition at 31 March 2024 a further £33,200 was owed to the lending company by way of dividends and interest on those dividends (2023 - £69,894).