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REGISTERED NUMBER: 10547459 (England and Wales)















JVP PROPERTY TRADING LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024






JVP PROPERTY TRADING LIMITED (REGISTERED NUMBER: 10547459)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JVP PROPERTY TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: V Patel
Mrs K V Patel
J V Patel





REGISTERED OFFICE: 2nd Floor, One Hobbs House
Harrovian Business Village
Bessborough Road
Harrow
HA1 3EX





REGISTERED NUMBER: 10547459 (England and Wales)





ACCOUNTANTS: Albury Associates Limited
2nd Floor, One Hobbs House,
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

JVP PROPERTY TRADING LIMITED (REGISTERED NUMBER: 10547459)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 35

CURRENT ASSETS
Stocks 5 1,152,109 1,152,109
Debtors 6 4,690 1,787
Cash at bank 9,642 23,688
1,166,441 1,177,584
CREDITORS
Amounts falling due within one year 7 352,721 357,996
NET CURRENT ASSETS 813,720 819,588
TOTAL ASSETS LESS CURRENT
LIABILITIES

813,720

819,623

CREDITORS
Amounts falling due after more than one year 8 814,177 814,447
NET (LIABILITIES)/ASSETS (457 ) 5,176

CAPITAL AND RESERVES
Called up share capital 10 400 400
Retained earnings 11 (857 ) 4,776
SHAREHOLDERS' FUNDS (457 ) 5,176

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

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

JVP PROPERTY TRADING LIMITED (REGISTERED NUMBER: 10547459)

BALANCE SHEET - continued
31 JANUARY 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 29 October 2024 and were signed on its behalf by:





Mrs K V Patel - Director


JVP PROPERTY TRADING LIMITED (REGISTERED NUMBER: 10547459)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Jvp Property Trading 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.
Plant and machinery etc - 25% on cost

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.

Cash at bank and in hand
Cash at bank and in hand is represented by cash in hand and deposits held with financial institutions repayable without penalty or a notice of not less than 24 hour's.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

JVP PROPERTY TRADING LIMITED (REGISTERED NUMBER: 10547459)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2023
and 31 January 2024 2,037
DEPRECIATION
At 1 February 2023 2,002
Charge for year 35
At 31 January 2024 2,037
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 35

5. STOCKS
2024 2023
£    £   
Stocks 1,152,109 1,152,109

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 204 204
Prepayments and accrued income 2,725 -
Prepayments 1,761 1,583
4,690 1,787

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 9,931 5,170
Other creditors 3,413 11,121
Directors' loan accounts 335,277 338,105
Accrued expenses 4,100 3,600
352,721 357,996

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other loans more than 5 years 814,177 814,447

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more than 5 years 814,177 814,447

JVP PROPERTY TRADING LIMITED (REGISTERED NUMBER: 10547459)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 814,177 814,447

Other loans are secured by way of a fixed charge over the individual properties held as stocks for which the loans were provided.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
100 Ordinary C £1 100 100
100 Ordinary D £1 100 100
400 400

All shares rank pari passu in all respects.

11. RESERVES
Retained
earnings
£   

At 1 February 2023 4,776
Profit for the year 20,367
Dividends (26,000 )
At 31 January 2024 (857 )

12. RELATED PARTY DISCLOSURES

At the year-end date, included within creditors, amounts falling due within one year, is £152,742 (2023: £152,577), £151,975 (2023: £151,400) and £30,561 (2023: £34,129) owed to the directors V Patel, K Patel and J Patel respectively.

These amounts are unsecured, interest free and repayable on demand.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs K V Patel.