JAYPAM Property Limited 13936849 false 2023-03-01 2024-02-28 2024-02-28 The principal activity of the company is buying & selling of real estate. Digita Accounts Production Advanced 6.30.9574.0 true 13936849 2023-03-01 2024-02-28 13936849 2024-02-28 13936849 core:RetainedEarningsAccumulatedLosses 2024-02-28 13936849 core:ShareCapital 2024-02-28 13936849 core:CurrentFinancialInstruments 2024-02-28 13936849 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-28 13936849 core:Non-currentFinancialInstruments 2024-02-28 13936849 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-28 13936849 core:FurnitureFittingsToolsEquipment 2024-02-28 13936849 bus:SmallEntities 2023-03-01 2024-02-28 13936849 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 13936849 bus:FilletedAccounts 2023-03-01 2024-02-28 13936849 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 13936849 bus:RegisteredOffice 2023-03-01 2024-02-28 13936849 bus:Director1 2023-03-01 2024-02-28 13936849 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 13936849 core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-28 13936849 core:OfficeEquipment 2023-03-01 2024-02-28 13936849 countries:EnglandWales 2023-03-01 2024-02-28 13936849 2023-02-28 13936849 core:FurnitureFittingsToolsEquipment 2023-02-28 13936849 2022-02-24 2023-02-28 13936849 2023-02-28 13936849 core:RetainedEarningsAccumulatedLosses 2023-02-28 13936849 core:ShareCapital 2023-02-28 13936849 core:CurrentFinancialInstruments 2023-02-28 13936849 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 13936849 core:Non-currentFinancialInstruments 2023-02-28 13936849 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 13936849 core:FurnitureFittingsToolsEquipment 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 13936849

JAYPAM Property Limited

Unaudited Financial Statements

for the Period from 1 March 2023 to 28 February 2024

 

JAYPAM Property Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

JAYPAM Property Limited

(Registration number: 13936849)
Balance Sheet as at 28 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,322

1,652

Investment property

5

191,708

191,708

 

193,030

193,360

Current assets

 

Cash at bank and in hand

 

542

1,495

Creditors: Amounts falling due within one year

6

(64,035)

(66,049)

Net current liabilities

 

(63,493)

(64,554)

Total assets less current liabilities

 

129,537

128,806

Creditors: Amounts falling due after more than one year

6

(133,316)

(133,316)

Net liabilities

 

(3,779)

(4,510)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(3,879)

(4,610)

Shareholders' deficit

 

(3,779)

(4,510)

For the financial period ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 October 2024 and signed on its behalf by:
 

 

JAYPAM Property Limited

(Registration number: 13936849)
Balance Sheet as at 28 February 2024

.........................................
Mr J R Fletcher
Director

 

JAYPAM Property Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 28 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except
that a change attributable to an item of income or expense recognised as other comprehensive income is also
recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively
enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in
the financial statements.

 

JAYPAM Property Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 28 February 2024

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% Reducing Balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

 

JAYPAM Property Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 28 February 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2023

2,015

2,015

At 28 February 2024

2,015

2,015

Depreciation

At 1 March 2023

363

363

Charge for the period

330

330

At 28 February 2024

693

693

Carrying amount

At 28 February 2024

1,322

1,322

At 28 February 2023

1,652

1,652

5

Investment properties

2024
£

At 1 March

191,708

At 28 February

191,708

There has been no valuation of investment property by an independent valuer.

 

JAYPAM Property Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 28 February 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

5,396

5,396

Accruals and deferred income

 

1,080

1,000

Other creditors

 

57,559

59,653

 

64,035

66,049

Current loans and borrowings

2024
£

2023
£

Bank borrowings

5,396

5,396

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

133,316

133,316

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

133,316

133,316

Current loans and borrowings

2024
£

2023
£

Bank borrowings

5,396

5,396