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REGISTERED NUMBER: 14027211 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

JCT ASSET MANAGEMENT LIMITED

JCT ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 14027211)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JCT ASSET MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTOR: J C Tierney





REGISTERED OFFICE: 495 Green Lanes
London
N13 4BS





REGISTERED NUMBER: 14027211 (England and Wales)





ACCOUNTANTS: Avraam Associates Limited
Chartered Accountants
495 Green Lanes
London
N13 4BS

JCT ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 14027211)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 374,690 372,344

CURRENT ASSETS
Cash at bank - 714

CREDITORS
Amounts falling due within one year 5 125,881 113,970
NET CURRENT LIABILITIES (125,881 ) (113,256 )
TOTAL ASSETS LESS CURRENT LIABILITIES 248,809 259,088

CREDITORS
Amounts falling due after more than one
year

6

265,003

266,745
NET LIABILITIES (16,194 ) (7,657 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (16,294 ) (7,757 )
SHAREHOLDERS' FUNDS (16,194 ) (7,657 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

JCT ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 14027211)

BALANCE SHEET - continued
30TH APRIL 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 director and authorised for issue on 6th January 2025 and were signed by:





J C Tierney - Director


JCT ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 14027211)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

JCT Asset Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

JCT ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 14027211)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st May 2023 372,344
Additions 2,346
At 30th April 2024 374,690
NET BOOK VALUE
At 30th April 2024 374,690
At 30th April 2023 372,344

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 217 211
Other creditors 125,664 113,759
125,881 113,970

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 265,003 266,745

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 265,003 266,745

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 265,003 266,745

The Mortgage Works (UK) plc has a fixed charge on the property held by the company.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100