Company Registration No. 13645612 (England and Wales)
JACKSON PULLIN PROPERTIES LTD
Unaudited accounts
for the year ended 30 September 2024
JACKSON PULLIN PROPERTIES LTD
Unaudited accounts
Contents
JACKSON PULLIN PROPERTIES LTD
Company Information
for the year ended 30 September 2024
Directors
Samuel Jackson
Kia-Leanne Pullin
Company Number
13645612 (England and Wales)
Registered Office
7 LEGION VIEW
PROVIDENCE LANE
LONG ASHTON
BRISTOL
BS41 9FQ
UNITED KINGDOM
Accountants
Space Advisory and Accountancy Limited
19 Malago Drive
Bristol
BS3 5DR
JACKSON PULLIN PROPERTIES LTD
Statement of financial position
as at 30 September 2024
Investment property
590,000
510,000
Cash at bank and in hand
4,444
6,364
Creditors: amounts falling due within one year
(154,058)
(136,489)
Net current liabilities
(149,614)
(130,125)
Total assets less current liabilities
440,386
379,875
Creditors: amounts falling due after more than one year
(319,693)
(319,280)
Provisions for liabilities
Deferred tax
(23,959)
(11,819)
Called up share capital
2
2
Fair value reserve
102,141
50,389
Profit and loss account
(5,409)
(1,615)
Shareholders' funds
96,734
48,776
For the year ending 30 September 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 directors acknowledge their 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 of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by
Samuel Jackson
Director
Company Registration No. 13645612
JACKSON PULLIN PROPERTIES LTD
Notes to the Accounts
for the year ended 30 September 2024
JACKSON PULLIN PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 13645612. The registered office is 7 LEGION VIEW, PROVIDENCE LANE, LONG ASHTON, BRISTOL, BS41 9FQ, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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.
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.
Fair value at 1 October 2023
510,000
Net gain from fair value adjustments
63,892
At 30 September 2024
590,000
The Directors value the property as at 30 September 2024 at £590,000, which is based on a valuation from a professional advisor during the year for lending purposes.
JACKSON PULLIN PROPERTIES LTD
Notes to the Accounts
for the year ended 30 September 2024
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
153,578
136,009
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
319,693
319,280
Aggregate of amounts that fall due for payment after five years
-
319,280
The loan is secured on the property included within Investment Properties
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).