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Company Registration No. 11365729 (England and Wales)
Jefferson Properties (York) Limited Unaudited accounts for the year ended 31 May 2024
Jefferson Properties (York) Limited Unaudited accounts Contents
Page
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Jefferson Properties (York) Limited Company Information for the year ended 31 May 2024
Directors
John Jefferson Susan Mary Jefferson
Company Number
11365729 (England and Wales)
Registered Office
2 Appletree Way Malton YO17 7BJ England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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Jefferson Properties (York) Limited Accountants' report
Accountants' report to the board of directors of Jefferson Properties (York) Limited on the preparation of the unaudited statutory accounts for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Jefferson Properties (York) Limited for the year ended 31 May 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Jefferson Properties (York) Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Jefferson Properties (York) Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jefferson Properties (York) Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Jefferson Properties (York) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Jefferson Properties (York) Limited. You consider that Jefferson Properties (York) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Jefferson Properties (York) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 14 October 2024
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Jefferson Properties (York) Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
380,000 
380,000 
Current assets
Debtors
14,882 
7,290 
Cash at bank and in hand
48,904 
101,173 
63,786 
108,463 
Creditors: amounts falling due within one year
(155,965)
(205,526)
Net current liabilities
(92,179)
(97,063)
Total assets less current liabilities
287,821 
282,937 
Creditors: amounts falling due after more than one year
(244,800)
(244,800)
Provisions for liabilities
Deferred tax
(8,342)
(8,342)
Net assets
34,679 
29,795 
Capital and reserves
Called up share capital
120 
120 
Revaluation reserve
25,025 
25,025 
Profit and loss account
9,534 
4,650 
Shareholders' funds
34,679 
29,795 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by
Susan Mary Jefferson Director Company Registration No. 11365729
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Jefferson Properties (York) Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Jefferson Properties (York) Limited is a private company, limited by shares, registered in England and Wales, registration number 11365729. The registered office is 2 Appletree Way, Malton, YO17 7BJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
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 accounts. 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.
4
Investment property
2024 
£ 
Fair value at 1 June 2023
380,000 
At 31 May 2024
380,000 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
14,882 
7,290 
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Jefferson Properties (York) Limited Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,147 
174 
Other creditors
1,000 
11,000 
Loans from directors
152,918 
193,452 
Accruals
900 
900 
155,965 
205,526 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
244,800 
244,800 
Aggregate of amounts that fall due for payment after five years
244,800 
244,800 
8
Deferred taxation
2024 
2023 
£ 
£ 
Revaluation of investment property
8,342 
8,342 
2024 
2023 
£ 
£ 
Provision at start of year
8,342 
- 
Charged to the profit and loss account
- 
8,342 
Provision at end of year
8,342 
8,342 
Comparatives have been restated for deferred tax on revaluation of investment properties.
9
Transactions with related parties
Included in current assets are loans to related parties of £14,882 (2023 - £7,290) Included in current liabilities are loans from related parties of £1.000 (2023 - £11,000). The loans are interest-free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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