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REGISTERED NUMBER: 11959426 (England and Wales)












Resolution JPI Limited

Unaudited Financial Statements

for the Year Ended 30 April 2024






Resolution JPI Limited (Registered number: 11959426)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Resolution JPI Limited

Company Information
for the Year Ended 30 April 2024







Director: D Johnson





Registered office: Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ





Registered number: 11959426 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Resolution JPI Limited (Registered number: 11959426)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 359 -
Investment property 5 219,163 142,349
219,522 142,349

Current assets
Debtors 6 - 1,202
Cash at bank 1,839 3,928
1,839 5,130
Creditors
Amounts falling due within one year 7 64,607 43,725
Net current liabilities (62,768 ) (38,595 )
Total assets less current liabilities 156,754 103,754

Creditors
Amounts falling due after more than one
year

8

159,740

103,043
Net (liabilities)/assets (2,986 ) 711

Capital and reserves
Called up share capital 100 100
Retained earnings (3,086 ) 611
Shareholders' funds (2,986 ) 711

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

Resolution JPI Limited (Registered number: 11959426)

Balance Sheet - continued
30 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 23 January 2025 and were signed by:





D Johnson - Director


Resolution JPI Limited (Registered number: 11959426)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. Statutory information

Resolution JPI 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.

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.

The financial statements have been prepared on a going concern basis on the grounds that the director will continue to provide sufficient finance to enable the company to continue trading for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment properties are initially measured at cost and subsequently measured at fair value. Changes in fair value are recognised in profit or loss.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102. The directors consider that, because investment properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view.

If this departure from the Companies Act 2006 had not been made in order to give a true and fair view, the profit for the financial year would have been reduced by depreciation. However the amount of depreciation cannot reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and the amount relating to the depreciation of the property cannot be separately identified.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

Resolution JPI Limited (Registered number: 11959426)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
Additions 479
At 30 April 2024 479
Depreciation
Charge for year 120
At 30 April 2024 120
Net book value
At 30 April 2024 359

5. Investment property
Total
£   
Fair value
At 1 May 2023 142,349
Additions 76,814
At 30 April 2024 219,163
Net book value
At 30 April 2024 219,163
At 30 April 2023 142,349

6. Debtors: amounts falling due within one year
30.4.24 30.4.23
£    £   
Other debtors - 1,202

7. Creditors: amounts falling due within one year
30.4.24 30.4.23
£    £   
Taxation and social security - 143
Other creditors 64,607 43,582
64,607 43,725

Resolution JPI Limited (Registered number: 11959426)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. Creditors: amounts falling due after more than one year
30.4.24 30.4.23
£    £   
Bank loans 159,740 103,043

Amounts falling due in more than five years:

Repayable by instalments
Bank loans repayable after more than
five years

159,740

103,043

9. Secured debts

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 159,740 103,043