Registered number: 10999782 | ||||||||
FOR THE YEAR ENDED 31/10/2024 | ||||||||
Prepared By: | ||||||||
Malthouse Associates Ltd | ||||||||
Marston House | ||||||||
29c Marston Road | ||||||||
Stafford | ||||||||
ST16 3BS |
Jolley Properties Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/10/2024 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 10999782 | ||||||||
ACCOUNTANTS | ||||||||
Malthouse Associates Ltd | ||||||||
Marston House | ||||||||
29c Marston Road | ||||||||
Stafford | ||||||||
ST16 3BS |
Jolley Properties Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/10/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Jolley Properties Ltd | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 6 | |||||||||
Cash at bank and in hand | ||||||||||
196,610 | 344,925 | |||||||||
CREDITORS: Amounts falling due within one year | 7 | |||||||||
NET CURRENT ASSETS | 205,008 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 8 | 6,136 | 16,019 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 9 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 10 | |||||||||
Revaluation reserve | 1f,11 | 31,665 | - | |||||||
Profit and loss account | 483,736 | 428,081 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Jolley Properties Ltd | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/10/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant and Machinery | reducing balance 25% | |||||||
Commercial Vehicles | reducing balance 25% | |||||||
Equipment | reducing balance 25% |
1c. Investment Properties | ||||||||
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view. |
1d. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1e. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
Jolley Properties Ltd | ||||||||
1f. Revaluation Reserve | ||||||||
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 11). | ||||||||
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account. |
2. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 4 | |||||
3. TANGIBLE FIXED ASSETS | ||||||||
Plant and | Commercial | |||||||
Machinery | Vehicles | Equipment | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 01/11/2023 | 27,247 | 72,850 | 5,205 | 105,302 | ||||
Disposals | (27,247) | (52,352) | (5,205) | (84,804) | ||||
At 31/10/2024 | - | 20,498 | - | 20,498 | ||||
Depreciation | ||||||||
At 01/11/2023 | 11,439 | 33,789 | 3,987 | 49,215 | ||||
Disposals | (11,439) | (19,777) | (3,987) | (35,203) | ||||
For the year | - | 1,621 | - | 1,621 | ||||
At 31/10/2024 | - | 15,633 | - | 15,633 | ||||
Net Book Amounts | ||||||||
At 31/10/2024 | 4,865 | |||||||
At 31/10/2023 | 56,087 | |||||||
4. INVESTMENT PROPERTIES | ||||||||
Investment | ||||||||
Properties | Total | |||||||
£ | £ | |||||||
Fair value | ||||||||
At 01/11/2023 | 192,931 | 192,931 | ||||||
Additions | 125,403 | 125,403 | ||||||
Revaluation | 31,665 | 31,665 | ||||||
At 31/10/2024 | 349,999 | 349,999 | ||||||
The property valuation is considered to be reflective of the cost value. The directors have considered the value to be reasonable open market value. | ||||||||
Jolley Properties Ltd | ||||||||
5. STOCK | 2024 | 2023 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
6. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 4,311 | 102,268 | ||||||
VAT | 123 | - | ||||||
PAYE control | - | 1,417 | ||||||
Salaries and wages control | - | 3,408 | ||||||
Other debtors | 85,127 | 11,500 | ||||||
89,561 | 118,593 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 8,224 | 26,964 | ||||||
VAT | - | 23,975 | ||||||
PAYE control | 176 | - | ||||||
Directors current account | 2,500 | - | ||||||
Bank Loan | 10,000 | 10,000 | ||||||
Trade creditors | 84 | 75,043 | ||||||
Pension schemes | - | 195 | ||||||
Accruals | 2,520 | 3,740 | ||||||
23,504 | 139,917 | |||||||
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Loans >1yr | 6,136 | 16,019 | ||||||
6,136 | 16,019 | |||||||
Jolley Properties Ltd | ||||||||
9. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 6,333 | 9,826 | ||||||
6,333 | 9,826 | |||||||
10. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
11. REVALUATION RESERVE | 2024 | 2023 | ||||||
£ | £ | |||||||
Revaluation reserve | 31,665 | - | ||||||
31,665 | - | |||||||
12. CONTROLLING PARTY | ||||||||
The directors control the company | ||||||||
13. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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