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REGISTERED NUMBER: 01862149















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Jacter Properties Limited

Jacter Properties Limited (Registered number: 01862149)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jacter Properties Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P C Smith BSc. FRICS
M Smith





SECRETARY: P C Smith BSc. FRICS





REGISTERED OFFICE: 67 Westow Street
Upper Norwood
London
SE19 3RW





REGISTERED NUMBER: 01862149





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
United Kingdom
SE19 3RW

Jacter Properties Limited (Registered number: 01862149)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 5,993 5,993
Investment property 6 150,000 150,000
155,993 155,993

CURRENT ASSETS
Stocks 32,750 32,750
Debtors 7 20,095 20,095
Cash at bank 4,655 9,894
57,500 62,739
CREDITORS
Amounts falling due within one year 8 (34,179 ) (33,405 )
NET CURRENT ASSETS 23,321 29,334
TOTAL ASSETS LESS CURRENT
LIABILITIES

179,314

185,327

CREDITORS
Amounts falling due after more than one year 9 (18,000 ) (24,000 )

PROVISIONS FOR LIABILITIES (12,464 ) (12,464 )
NET ASSETS 148,850 148,863

CAPITAL AND RESERVES
Called up share capital 2 2
Other reserves 84,869 84,869
Retained earnings 63,979 63,992
SHAREHOLDERS' FUNDS 148,850 148,863

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Jacter Properties Limited (Registered number: 01862149)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 31 December 2024 and were signed on its behalf by:





P C Smith BSc. FRICS - Director


Jacter Properties Limited (Registered number: 01862149)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Jacter Properties Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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. This is the first year of adoption of FRS102 section 1A. The transitional adjustments are included in the notes to the financial statements

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation of investment properties at their fair values are recognised in the income statement.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the balance sheet date that are expected to apply to the reversal of the timing difference."

Jacter Properties Limited (Registered number: 01862149)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued

Transitional notes
1. Prior to the adoption of FRS 102 section 1A, the company was not required to provide for deferred taxation on the revaluation of investment properties. Under FRS 102 section 1A, deferred taxation is required to be recognised in the financial statements on the revaluation of investment properties.

2. The revaluation reserve relates to the revaluation of investment properties. This amount has been transferred to non distributable reserves.

3. Under FRS 102 section 1A, changes in the fair value of investment properties are recorded in the income statement. Under previous UK GAAP these changes were recorded in the statement of total recognised gains and losses.

4. Deferred taxation has been recognised on the fair value remeasurement of investment properties."

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 5,993
NET BOOK VALUE
At 31 March 2024 5,993
At 31 March 2023 5,993

Included in cost of land and buildings is freehold land of £ 52,666 (2023 - £ 52,666 ) which is not depreciated.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 150,000
NET BOOK VALUE
At 31 March 2024 150,000
At 31 March 2023 150,000

Jacter Properties Limited (Registered number: 01862149)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 2 2
Other debtors 20,093 20,093
20,095 20,095

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 74 74
Other creditors 34,105 33,331
34,179 33,405

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 17,467 24,000
Other creditors 533 -
18,000 24,000