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Registered number: 10999782

Jolley Properties Ltd

ACCOUNTS
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
Kevan Jolley
Bridgette Jolley
REGISTERED OFFICE
37 Corporation Street
Stafford
ST16 3LX
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 Sheet3
Notes To The Accounts4
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 31/10/2024
20242023
Notes££
FIXED ASSETS
Tangible assets3354,864249,018
CURRENT ASSETS
Stock-20,000
Debtors689,561118,593
Cash at bank and in hand107,049206,332
196,610344,925
CREDITORS: Amounts falling due within one year723,504139,917
NET CURRENT ASSETS173,106205,008
TOTAL ASSETS LESS CURRENT LIABILITIES527,970454,026
CREDITORS: Amounts falling due after more than one year86,13616,019
PROVISIONS FOR LIABILITIES AND CHARGES96,3339,826
NET ASSETS515,501428,181
CAPITAL AND RESERVES
Called up share capital10100100
Revaluation reserve1f,1131,665-
Profit and loss account483,736428,081
SHAREHOLDERS' FUNDS515,501428,181
For the year ending 31/10/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 24/01/2025 and signed on their behalf by
.............................
Bridgette Jolley
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
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Equipmentreducing 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
20242023
No.No.
Average number of employees44
3. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesEquipmentTotal
££££
Cost
At 01/11/202327,24772,8505,205105,302
Disposals(27,247)(52,352)(5,205)(84,804)
At 31/10/2024-20,498-20,498
Depreciation
At 01/11/202311,43933,7893,98749,215
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 31/10/2024-4,865-4,865
At 31/10/202315,80839,0611,21856,087
4. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/11/2023192,931192,931
Additions125,403125,403
Revaluation31,66531,665
At 31/10/2024349,999349,999
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 20242023
££
Stock comprises:
Stock-20,000
-20,000
6. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors4,311102,268
VAT123-
PAYE control-1,417
Salaries and wages control-3,408
Other debtors85,12711,500
89,561118,593
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax8,22426,964
VAT-23,975
PAYE control176-
Directors current account2,500-
Bank Loan10,00010,000
Trade creditors8475,043
Pension schemes-195
Accruals2,5203,740
23,504139,917
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Loans >1yr6,13616,019
6,13616,019

Jolley Properties Ltd

9. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation6,3339,826
6,3339,826
10. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
11. REVALUATION RESERVE 20242023
££
Revaluation reserve31,665-
31,665-
12. CONTROLLING PARTY
The directors control the company
13. RELATED PARTY TRANSACTIONS
The directors had the following amount outstanding at the year end.
Business activities relating to the retail carpets is now been undertaken by a new company - Stafford Carpets Ltd.
The directors are connected to the new business and a loan due by the company of £84,178 at the balance sheet date.