Registered number
12342876
JP INVESTMENTS HANTS LTD
Filleted Accounts
30 November 2023
JP INVESTMENTS HANTS LTD
Registered number: 12342876
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 375,632 375,632
Current assets
Cash at bank and in hand 3,686 5,968
Creditors: amounts falling due within one year 4 (43,429) (43,608)
Net current liabilities (39,743) (37,640)
Total assets less current liabilities 335,889 337,992
Creditors: amounts falling due after more than one year 5 (316,556) (326,115)
Net assets 19,333 11,877
Capital and reserves
Called up share capital 1 1
Profit and loss account 19,332 11,876
Shareholder's funds 19,333 11,877
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jinal Patel
Director
Approved by the board on 14 November 2024
JP INVESTMENTS HANTS LTD
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Not provided
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 December 2022 375,632
At 30 November 2023 375,632
Depreciation
At 30 November 2023 -
Net book value
At 30 November 2023 375,632
At 30 November 2022 375,632
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 15,000 15,000
Taxation and social security costs 1,749 2,156
Other creditors 26,680 26,452
43,429 43,608
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 316,556 326,115
6 Loans 2023 2022
£ £
Creditors include:
Instalments falling due for payment after more than five years 245,303 250,684
Secured bank loans 290,303 295,684
Lloyds Bank - All monies due to to become due from the company are secured via a charge held over all company assets.
7 Other information
JP INVESTMENTS HANTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
21 Burgess Road
Southampton
England
SO16 7AP
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