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Company Registration No. 12035100 (England and Wales)
By Jove Properties Limited Unaudited accounts for the year ended 30 June 2024
By Jove Properties Limited Unaudited accounts Contents
Page
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By Jove Properties Limited Company Information for the year ended 30 June 2024
Director
Julie Christine McGowan
Company Number
12035100 (England and Wales)
Registered Office
Westella Park Drive Harrogate Yorkshire HG2 9AY
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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By Jove Properties Limited Accountants' report
Accountants' report to the director of By Jove Properties Limited on the preparation of the unaudited statutory accounts for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of By Jove Properties Limited for the year ended 30 June 2024 as set out on pages 5 - 8 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 By Jove Properties 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 By Jove Properties 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 By Jove Properties Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that By Jove Properties 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 loss of By Jove Properties Limited. You consider that By Jove Properties 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 By Jove Properties 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 11 October 2024
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By Jove Properties Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,923 
5,221 
Investment property
173,077 
174,779 
175,000 
180,000 
Current assets
Debtors
1,025 
1,025 
Cash at bank and in hand
6,080 
2,470 
7,105 
3,495 
Creditors: amounts falling due within one year
(43,557)
(44,455)
Net current liabilities
(36,452)
(40,960)
Total assets less current liabilities
138,548 
139,040 
Creditors: amounts falling due after more than one year
(110,345)
(110,345)
Provisions for liabilities
Deferred tax
(7,050)
(7,173)
Net assets
21,153 
21,522 
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
31,609 
32,887 
Profit and loss account
(10,458)
(11,367)
Shareholders' funds
21,153 
21,522 
For the year ending 30 June 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 director acknowledges her 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 and authorised for issue on 5 November 2024 and were signed on its behalf by
Julie Christine McGowan Director Company Registration No. 12035100
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By Jove Properties Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
By Jove Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 12035100. The registered office is Westella, Park Drive, Harrogate, Yorkshire, HG2 9AY.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on cost
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.
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By Jove Properties Limited Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 July 2023
16,489 
At 30 June 2024
16,489 
Depreciation
At 1 July 2023
11,268 
Charge for the year
3,298 
At 30 June 2024
14,566 
Net book value
At 30 June 2024
1,923 
At 30 June 2023
5,221 
5
Investment property
2024 
£ 
Fair value at 1 July 2023
174,779 
Net loss from fair value adjustments
(1,702)
At 30 June 2024
173,077 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
1,025 
1,025 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
1,025 
1,025 
Loans from directors
41,632 
42,530 
Accruals
900 
900 
43,557 
44,455 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
110,345 
110,345 
Aggregate of amounts that fall due for payment after five years
110,345 
110,345 
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By Jove Properties Limited Notes to the Accounts for the year ended 30 June 2024
9
Deferred taxation
2024 
2023 
£ 
£ 
Revaluation of investment property
10,537 
10,962 
Tax losses carried forward
(3,487)
(3,789)
7,050 
7,173 
2024 
2023 
£ 
£ 
Provision at start of year
7,173 
- 
(Credited)/charged to the profit and loss account
(123)
7,173 
Provision at end of year
7,050 
7,173 
Comparatives have been restated for deferred tax on revaluation of investment properties.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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