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REGISTERED NUMBER: 11192585 (England and Wales)




















JM CO (PROPERTY) LIMITED

Unaudited Financial Statements

for the Year Ended 29 February 2024






JM CO (PROPERTY) LIMITED (REGISTERED NUMBER: 11192585)






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


JM CO (PROPERTY) LIMITED

Company Information
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: M C Corral
J M Clarke





REGISTERED OFFICE: 3 The Studios
320 Chorley Old Road
Bolton
BL1 4JU





REGISTERED NUMBER: 11192585 (England and Wales)





ACCOUNTANTS: SCCA Limited T/a Stafford & Co
Chartered Accountants
3 The Studios
320 Chorley Old Road
Bolton
Lancashire
BL1 4JU

JM CO (PROPERTY) LIMITED (REGISTERED NUMBER: 11192585)

Balance Sheet
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 188,000 188,000

CURRENT ASSETS
Debtors 5 71,748 71,622
Cash at bank - 463
71,748 72,085
CREDITORS
Amounts falling due within one year 6 263,921 235,279
NET CURRENT LIABILITIES (192,173 ) (163,194 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,173

)

24,806

CREDITORS
Amounts falling due after more than one
year

7

-

28,270
NET LIABILITIES (4,173 ) (3,464 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (4,175 ) (3,466 )
(4,173 ) (3,464 )

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.

JM CO (PROPERTY) LIMITED (REGISTERED NUMBER: 11192585)

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 29 November 2024 and were signed on its behalf by:





J M Clarke - Director


JM CO (PROPERTY) LIMITED (REGISTERED NUMBER: 11192585)

Notes to the Financial Statements
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

JM Co (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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Tangible fixed assets
No depreciation is charged. An annual impairment review is carried out by the directors.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 March 2023
and 29 February 2024 188,000
NET BOOK VALUE
At 29 February 2024 188,000
At 28 February 2023 188,000

JM CO (PROPERTY) LIMITED (REGISTERED NUMBER: 11192585)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 71,748 71,622

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 36,808 9,808
Trade creditors 210,000 210,001
Amounts owed to participating interests 14,917 14,030
Other creditors 2,196 1,440
263,921 235,279

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 28,270

8. SECURED DEBTS

Together Commercial Finance Limited have fixed and floating charges, details of which can be found at Companies House - charge codes 1119 2585 0003, 1119 2585 0004 and 1119 2585 0005.

ECS Capital Limited and Manchester Properties (NW) Limited ave fixed and floating charges, details of which can be found at Companies House - charge codes 1119 2585 006 and 1119 2585 0007.

9. RELATED PARTY DISCLOSURES

Included within creditors is an amount totalling £224,917 (2023 £224,030) out of which £210,000 is owed from Park Equity Invest Ltd and £14,917 is owed from MJ Co (Property) Ltd. In both these companies, the directors have an associated interest by virtue of shareholdings.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the directors of the company by the virtue of shareholding.