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REGISTERED NUMBER: 07535547 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

J M Property Projects Limited

J M Property Projects Limited (Registered number: 07535547)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

J M Property Projects Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: J H Packham
M R Brown





REGISTERED OFFICE: First Floor,
The Estate Office
The Green, Lewes Road
Ringmer
East Sussex
BN8 5QE





REGISTERED NUMBER: 07535547 (England and Wales)





ACCOUNTANTS: Caburn Accountants Limited
Chartered Certified Accountants
First Floor,
The Estate Office
The Green, Lewes Road
Ringmer
East Sussex
BN8 5QE

J M Property Projects Limited (Registered number: 07535547)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 77,584 40,530

CURRENT ASSETS
Stocks 154,205 70,140
Debtors 5 18,092 49,459
Cash at bank and in hand 223,696 278,261
395,993 397,860
CREDITORS
Amounts falling due within one year 6 91,608 99,557
NET CURRENT ASSETS 304,385 298,303
TOTAL ASSETS LESS CURRENT
LIABILITIES

381,969

338,833

CREDITORS
Amounts falling due after more than one
year

7

28,242

27,616
NET ASSETS 353,727 311,217

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 353,627 311,117
SHAREHOLDERS' FUNDS 353,727 311,217

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

J M Property Projects Limited (Registered number: 07535547)

Balance Sheet - continued
29 February 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 28 November 2024 and were signed on its behalf by:





J H Packham - Director


J M Property Projects Limited (Registered number: 07535547)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

J M Property Projects 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Office - 10% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on cost and 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

J M Property Projects Limited (Registered number: 07535547)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
Office machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 5,145 5,001 58,833 6,283 75,262
Additions - 31,874 29,990 1,415 63,279
At 29 February 2024 5,145 36,875 88,823 7,698 138,541
DEPRECIATION
At 1 March 2023 1,028 2,877 26,063 4,764 34,732
Charge for year 514 6,799 17,488 1,424 26,225
At 29 February 2024 1,542 9,676 43,551 6,188 60,957
NET BOOK VALUE
At 29 February 2024 3,603 27,199 45,272 1,510 77,584
At 28 February 2023 4,117 2,124 32,770 1,519 40,530

J M Property Projects Limited (Registered number: 07535547)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Motor
vehicles
£   
COST
At 1 March 2023 57,835
Additions 29,990
At 29 February 2024 87,825
DEPRECIATION
At 1 March 2023 25,563
Charge for year 17,363
At 29 February 2024 42,926
NET BOOK VALUE
At 29 February 2024 44,899
At 28 February 2023 32,272

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 18,092 49,459

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts and finance leases 7,503 6,232
Trade creditors 44,084 36,377
Tax 30,581 44,854
Social security and other taxes 2,949 6,111
Other creditors 1,048 2,184
Directors' current accounts 2,429 2,069
Accrued expenses 3,014 1,730
91,608 99,557

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts and finance leases 28,242 27,616

J M Property Projects Limited (Registered number: 07535547)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Hire purchase contracts and finance leases 35,745 33,848

J M Property Projects Limited

Report of the Accountants to the Directors of
J M Property Projects Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29 February 2024 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Caburn Accountants Limited
Chartered Certified Accountants
First Floor,
The Estate Office
The Green, Lewes Road
Ringmer
East Sussex
BN8 5QE


28 November 2024