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REGISTERED NUMBER: 11786938 (England and Wales)





JOLLYS INVESTMENT PROPERTY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






JOLLYS INVESTMENT PROPERTY LIMITED (REGISTERED NUMBER: 11786938)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOLLYS INVESTMENT PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mr R S Ginever
Mrs J Ginever
Mr T W Ginever
Mr J E Ginever





REGISTERED OFFICE: 7 St John Street
Mansfield
Nottinghamshire
NG18 1QH





REGISTERED NUMBER: 11786938 (England and Wales)





ACCOUNTANTS: ApC
Chartered Accountants
7 St John Street
Mansfield
Nottinghamshire
NG18 1QH

JOLLYS INVESTMENT PROPERTY LIMITED (REGISTERED NUMBER: 11786938)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 155,960 286,681

CURRENT ASSETS
Cash at bank 360 11,153

CREDITORS
Amounts falling due within one year 6 38,083 179,792
NET CURRENT LIABILITIES (37,723 ) (168,639 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,237

118,042

CREDITORS
Amounts falling due after more than one
year

7

84,935

105,360
NET ASSETS 33,302 12,682

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 33,202 12,582
SHAREHOLDERS' FUNDS 33,302 12,682

JOLLYS INVESTMENT PROPERTY LIMITED (REGISTERED NUMBER: 11786938)

BALANCE SHEET - continued
31 OCTOBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

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 30 October 2024 and were signed on its behalf by:




Mr R S Ginever - Director Mrs J Ginever - Director




Mr T W Ginever - Director Mr J E Ginever - Director


JOLLYS INVESTMENT PROPERTY LIMITED (REGISTERED NUMBER: 11786938)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Jollys Investment Property 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention modified for fair value adjustments where appropriate.

Significant judgements and estimates
The investment property has been reviewed by the directors and consider that as it was purchased during the late part of the year no fair value adjustment is required in the current financial statements.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


JOLLYS INVESTMENT PROPERTY LIMITED (REGISTERED NUMBER: 11786938)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


3. ACCOUNTING POLICIES - continued
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.

Financial instruments
Financial instruments and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

JOLLYS INVESTMENT PROPERTY LIMITED (REGISTERED NUMBER: 11786938)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 286,681
Disposals (130,721 )
At 31 October 2023 155,960
NET BOOK VALUE
At 31 October 2023 155,960
At 31 October 2022 286,681

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,589 1,765
Amounts owed to related parties 16,016 166,016
Corporation tax 5,344 2,300
Directors' current accounts 370 390
Accruals and deferred income 10,764 9,321
38,083 179,792

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 5,590 -
Bank loans - 2-5 years 16,770 7,057
Bank loans more 5 yr by instal 62,575 98,303
84,935 105,360

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 62,575 98,303

JOLLYS INVESTMENT PROPERTY LIMITED (REGISTERED NUMBER: 11786938)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 90,524 107,125

The bank loan was secured on the investment property.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

Key management remuneration during the period amounted to £Nil.

The company provided (2022: received) financial assistance amounting to £150,000 (2022: £878) from a related party this year. At the end of the year the balance outstanding totals to £16,016 (2022: £166,016).