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
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
Jpm Equity Ltd
Statement of financial position
as at 30 April 2024
Cash at bank and in hand
1,780
Creditors: amounts falling due within one year
(162,963)
Net current liabilities
(161,183)
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
Jpm Equity Ltd
Notes to the Accounts
for the period from 25 April 2023 to 30 April 2024
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.
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.
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. 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 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.
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 in shares are included at fair value.
Jpm Equity Ltd
Notes to the Accounts
for the period from 25 April 2023 to 30 April 2024
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
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.