25 April 2023 false No description of principal activity Taxfiler 2024.6 true NI696636business:PrivateLimitedCompanyLtd2023-04-252024-04-30 NI6966362023-04-24 NI6966362023-04-252024-04-30 NI696636business:AuditExemptWithAccountantsReport2023-04-252024-04-30 NI696636business:FilletedAccounts2023-04-252024-04-30 NI6966362024-04-30 NI696636business:Director12023-04-252024-04-30 NI696636business:Director22023-04-252024-04-30 NI696636business:CompanySecretary12023-04-252024-04-30 NI696636business:RegisteredOffice2023-04-252024-04-30 NI696636core:WithinOneYear2024-04-30 NI696636core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 NI696636core:PreviouslyStatedAmount2024-04-30 NI696636business:SmallEntities2023-04-252024-04-30 NI696636countries:NorthernIreland2023-04-252024-04-30 NI696636core:LandBuildings2023-04-252024-04-30 NI696636core:LandBuildings2023-04-24 NI696636core:LandBuildings2024-04-30 iso4217:GBP xbrli:pure
Company Registration No. NI696636 (Northern Ireland)
Jpm Equity Ltd Unaudited accounts for the period from 25 April 2023 to 30 April 2024
Jpm Equity Ltd Unaudited accounts Contents
Page
- 2 -
Jpm Equity Ltd Company Information for the period from 25 April 2023 to 30 April 2024
Directors
Patricia Margaret McAuley Joesph McAuley
Secretary
Patricia Margaret McAuley
Company Number
NI696636 (Northern Ireland)
Registered Office
11b Dungonnell Road Aldergrove Crumlin County Antrim BT29 4DF Northern Ireland
Accountants
DJB Accounting Ltd 34 Knockmoyle Drive Greystone Road Antrim BT41 1HE
- 3 -
Jpm Equity Ltd Statement of financial position as at 30 April 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
155,550 
Current assets
Cash at bank and in hand
1,780 
Creditors: amounts falling due within one year
(162,963)
Net current liabilities
(161,183)
Net liabilities
(5,633)
Capital and reserves
Profit and loss account
(5,633)
Shareholders' funds
(5,633)
For the period ending 30 April 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 19 January 2025 and were signed on its behalf by
Patricia Margaret McAuley Director Company Registration No. NI696636
- 4 -
Jpm Equity Ltd Notes to the Accounts for the period from 25 April 2023 to 30 April 2024
1
Statutory information
Jpm Equity Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI696636. The registered office is 11b Dungonnell Road, Aldergrove, Crumlin, County Antrim, BT29 4DF, Northern Ireland.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Land & buildings
Revaluation every 5 years
Investment property
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 taxation
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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investments
Investments in shares are included at fair value.
- 5 -
Jpm Equity Ltd Notes to the Accounts for the period from 25 April 2023 to 30 April 2024
Going concern
The company is determined by management as being able to continue as a going concern for the foreseeable future.
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 25 April 2023
- 
Additions
155,550 
At 30 April 2024
155,550 
Depreciation
At 30 April 2024
- 
Net book value
At 30 April 2024
155,550 
5
Creditors: amounts falling due within one year
2024 
£ 
Loans from directors
162,963 
6
Average number of employees
During the period the average number of employees was 0.
- 6 -