0 false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 12,500 500 13,000 13,000 12,500 240 240 240 xbrli:pure xbrli:shares iso4217:GBP 10943171 2023-05-01 2024-04-30 10943171 2024-04-30 10943171 2023-04-30 10943171 2022-05-01 2023-04-30 10943171 2023-04-30 10943171 2022-04-30 10943171 bus:Director1 2023-05-01 2024-04-30 10943171 bus:Director2 2023-05-01 2024-04-30 10943171 core:WithinOneYear 2024-04-30 10943171 core:WithinOneYear 2023-04-30 10943171 core:UKTax 2023-05-01 2024-04-30 10943171 core:UKTax 2022-05-01 2023-04-30 10943171 core:ShareCapital 2024-04-30 10943171 core:ShareCapital 2023-04-30 10943171 core:OtherReservesSubtotal 2024-04-30 10943171 core:OtherReservesSubtotal 2023-04-30 10943171 core:RetainedEarningsAccumulatedLosses 2024-04-30 10943171 core:RetainedEarningsAccumulatedLosses 2023-04-30 10943171 core:CostValuation core:Non-currentFinancialInstruments 2024-04-30 10943171 core:Non-currentFinancialInstruments 2024-04-30 10943171 core:Non-currentFinancialInstruments 2023-04-30 10943171 core:LandBuildings core:LongLeaseholdAssets 2024-04-30 10943171 core:LandBuildings core:LongLeaseholdAssets 2023-04-30 10943171 core:LandBuildings core:LongLeaseholdAssets 2023-04-30 10943171 core:LandBuildings core:LongLeaseholdAssets 2023-05-01 2024-04-30 10943171 bus:Director1 2023-04-30 10943171 bus:Director1 2024-04-30 10943171 bus:Director2 2023-04-30 10943171 bus:Director2 2024-04-30 10943171 bus:Director1 2022-04-30 10943171 bus:Director1 2023-04-30 10943171 bus:Director2 2022-04-30 10943171 bus:Director2 2023-04-30 10943171 bus:Director1 2022-05-01 2023-04-30 10943171 bus:Director2 2022-05-01 2023-04-30 10943171 bus:SmallEntities 2023-05-01 2024-04-30 10943171 bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10943171 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10943171 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10943171 bus:FullAccounts 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: 10943171
Jamesmark Property Limited
Filleted Unaudited Financial Statements
30 April 2024
Jamesmark Property Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
13,000
12,500
Investments
6
240
240
--------
--------
13,240
12,740
Current assets
Debtors
7
108,887
66,073
Cash at bank and in hand
39,869
81,060
---------
---------
148,756
147,133
Creditors: amounts falling due within one year
8
2,196
12,922
---------
---------
Net current assets
146,560
134,211
---------
---------
Total assets less current liabilities
159,800
146,951
Provisions
638
543
---------
---------
Net assets
159,162
146,408
---------
---------
Capital and reserves
Called up share capital
100
100
Fair value reserve
2,719
2,314
Profit and loss account
156,343
143,994
---------
---------
Shareholders funds
159,162
146,408
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Jamesmark Property Limited
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 9 December 2024 , and are signed on behalf of the board by:
A Eastman Esq
Director
Company registration number: 10943171
Jamesmark Property Limited
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is TML House, 1a The Anchorage, Gosport, Hampshire, PO12 1LY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
No significant judgements have been made by the director in preparing these financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4. Tax on profit
Major components of tax expense
2024
2023
£
£
Current tax:
UK current tax expense
1,096
1,318
Adjustments in respect of prior periods
( 475)
-------
-------
Total current tax
621
1,318
-------
-------
Deferred tax:
Origination and reversal of timing differences
95
543
----
-------
Tax on profit
716
1,861
----
-------
5. Tangible assets
Long leasehold property
£
Cost or valuation
At 1 May 2023
12,500
Revaluations
500
--------
At 30 April 2024
13,000
--------
Depreciation
At 1 May 2023 and 30 April 2024
--------
Carrying amount
At 30 April 2024
13,000
--------
At 30 April 2023
12,500
--------
6. Investments
Shares in participating interests
£
Cost
At 1 May 2023 and 30 April 2024
240
----
Impairment
At 1 May 2023 and 30 April 2024
----
Carrying amount
At 30 April 2024
240
----
At 30 April 2023
240
----
7. Debtors
2024
2023
£
£
Other debtors
108,887
66,073
---------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
1,693
12,419
Other creditors
503
503
-------
--------
2,196
12,922
-------
--------
9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
A Eastman Esq
19,146
6,328
25,474
Mrs Y Eastman
19,145
6,328
25,473
--------
--------
--------
38,291
12,656
50,947
--------
--------
--------
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
A Eastman Esq
( 21)
19,167
19,146
Mrs Y Eastman
( 21)
19,166
19,145
----
--------
--------
( 42)
38,333
38,291
----
--------
--------
10. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value
Balance owed by/(owed to)
2024
2023
2024
2023
£
£
£
£
J Eastman Esq
(396)
(270)
7,960
8,356
Jlaty Property Limited
2,809
2,809
Jamesmark Limited
5,948
5,948
H J Construction Limited
18,000
18,000
--------
----
--------
-------
The company made a loan of £16,000 to J Eastman Esq, the son of the directors. Interest is charged at 2.5% per annum. Mrs Y Eastman owns forty one percent of the voting share capital in Jlaty Property Limited. A Eastman Esq owns one hundred per cent of the voting share capital in Jamesmark Limited. A Eastman Esq and Mrs Y Eastman own colectivly fifty percent of the voitng share capital in H J Construction Limited.