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
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
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
Jefferson Properties (York) Limited
Statement of financial position
as at 31 May 2024
Investment property
380,000
380,000
Cash at bank and in hand
48,904
101,173
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)
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
Jefferson Properties (York) Limited
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
Fair value at 1 June 2023
380,000
Amounts falling due within one year
Other debtors
14,882
7,290
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
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
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).