2023-03-012024-02-292024-02-29false10027912JTMD PROPERTIES 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JTMD PROPERTIES LIMITED

Registered Number
10027912
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

JTMD PROPERTIES LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

GATES, Deborah Louisa
GATES, Matthew Timothy

Registered Address

1 Gemini Court,
42a Throwley Way,
Sutton
SM1 4AF

Place of Business


Registered Number

10027912 (England and Wales)
JTMD PROPERTIES LIMITED
Statement of Financial Position
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3528704
Investment property4339,000339,000
339,528339,704
Current assets
Cash at bank and on hand58,21575,204
58,21575,204
Creditors amounts falling due within one year5(241,486)(283,594)
Net current assets (liabilities)(183,271)(208,390)
Total assets less current liabilities156,257131,314
Provisions for liabilities6(10,282)(10,182)
Net assets145,975121,132
Capital and reserves
Called up share capital100100
Other reserves42,83642,836
Profit and loss account103,03978,196
Shareholders' funds7145,975121,132
The financial statements were approved and authorised for issue by the Board of Directors on 29 October 2024, and are signed on its behalf by:
GATES, Matthew Timothy
Director
Registered Company No. 10027912
JTMD PROPERTIES LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment25
Investment property
Investment Property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in the fair value is recognised in the profit loss.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 March 231,0831,083
At 29 February 241,0831,083
Depreciation and impairment
At 01 March 23379379
Charge for year176176
At 29 February 24555555
Net book value
At 29 February 24528528
At 28 February 23704704
4.Investment property

£
Fair value at 01 March 23339,000
At 29 February 24339,000
5.Creditors: amounts due within one year

2024

2023

££
Taxation and social security6,6815,641
Other creditors232,297275,611
Accrued liabilities and deferred income2,5082,342
Total241,486283,594
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)10,28210,182
Total10,28210,182
7.Fair value reserve

£
Fair value reserve at 01 March 2342,836
At 29 February 2442,836