Company Registration No. 12350121 (England and Wales)
JG Student Property Management Ltd
Unaudited accounts
for the year ended 31 March 2024
JG Student Property Management Ltd
Unaudited accounts
Contents
JG Student Property Management Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
59,378
79,481
Cash at bank and in hand
119,333
216,817
Creditors: amounts falling due within one year
(350,099)
(309,375)
Net current assets
292,621
357,146
Total assets less current liabilities
351,999
436,627
Creditors: amounts falling due after more than one year
(73,076)
(107,844)
Provisions for liabilities
Deferred tax
(11,088)
(15,874)
Net assets
267,835
312,909
Called up share capital
100
100
Profit and loss account
267,735
312,809
Shareholders' funds
267,835
312,909
For the year ending 31 March 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 director acknowledges her 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 and authorised for issue on 3 December 2024 and were signed on its behalf by
Julie Gauld
Director
Company Registration No. 12350121
JG Student Property Management Ltd
Notes to the Accounts
for the year ended 31 March 2024
JG Student Property Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 12350121. The registered office is Unit 17, Foundry Business Park, Seager Road, Faversham, ME13 7FD.
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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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Computer equipment
25% Straight Line
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Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
99,471
3,354
102,825
At 31 March 2024
99,471
3,852
103,323
At 1 April 2023
20,919
2,425
23,344
Charge for the year
19,638
963
20,601
At 31 March 2024
40,557
3,388
43,945
At 31 March 2024
58,914
464
59,378
At 31 March 2023
78,552
929
79,481
JG Student Property Management Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
24,392
28,679
Other debtors
498,995
421,025
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
30,000
27,000
Obligations under finance leases and hire purchase contracts
6,768
6,768
Trade creditors
18,641
15,590
Taxes and social security
10,015
21,431
Other creditors
284,675
238,586
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Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
40,576
47,344
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Average number of employees
During the year the average number of employees was 1 (2023: 1).