Company Registration No. 11020442 (England and Wales)
J Property Management Limited
Unaudited accounts
for the year ended 31 October 2024
J Property Management Limited
Unaudited accounts
Contents
J Property Management Limited
Company Information
for the year ended 31 October 2024
Directors
Miss Jessica Lauren Hall
URBAN STORAGE & LIVING LTD
Company Number
11020442 (England and Wales)
Registered Office
7 Bell Yard
London
WC2A 2JR
UNITED KINGDOM
Accountants
Admin4You Ltd
61 Bridge Street
Kington
HR5 3DJ
J Property Management Limited
Accountants' report
Accountants' report to the board of directors of J Property Management Limited on the preparation of the unaudited statutory accounts for the year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
J Property Management Limited for the year ended
31 October 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of J Property Management Limited, as a body, in accordance with the terms of our engagement letter dated 6 July 2018. Our work has been undertaken solely to prepare for your approval the accounts of J Property Management Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J Property Management Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that J Property Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of J Property Management Limited. You consider that J Property Management Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of J Property Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Admin4You Ltd
61 Bridge Street
Kington
HR5 3DJ
28 January 2025
J Property Management Limited
Statement of financial position
as at 31 October 2024
Tangible assets
5,800
7,359
Cash at bank and in hand
20,048
16,694
Creditors: amounts falling due within one year
(11,053)
(22,161)
Net current assets
25,940
6,879
Total assets less current liabilities
31,740
14,238
Creditors: amounts falling due after more than one year
(3,992)
(4,075)
Called up share capital
100
100
Profit and loss account
27,648
10,063
Shareholders' funds
27,748
10,163
For the year ending 31 October 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 30 January 2025 and were signed on its behalf by
Miss Jessica Lauren Hall
Director
Company Registration No. 11020442
J Property Management Limited
Notes to the Accounts
for the year ended 31 October 2024
J Property Management Limited is a private company, limited by shares, registered in England and Wales, registration number 11020442. The registered office is 7 Bell Yard, London, WC2A 2JR, UNITED KINGDOM.
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.
These financial statements for the year ended 31 October 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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:
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2023
2,232
13,109
15,341
At 31 October 2024
2,232
13,109
15,341
At 1 November 2023
1,251
6,731
7,982
Charge for the year
207
1,352
1,559
At 31 October 2024
1,458
8,083
9,541
At 31 October 2024
774
5,026
5,800
At 31 October 2023
981
6,378
7,359
J Property Management Limited
Notes to the Accounts
for the year ended 31 October 2024
Amounts falling due within one year
Trade debtors
10,254
5,655
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,647
7,905
Taxes and social security
5,991
2,969
Other creditors
3,115
10,264
Other Creditors: £3115 Rents collected on behalf of Landlords and paid to Landlords or used towards property repairs and maintenance on behalf of the Landlord after 31st October 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Bounce Back Loan Received 17.05.2020
Funding Circle Loan Received 14.09.2022 - £9000 - Paid in full 09.07.2024
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).