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REGISTERED NUMBER: 12193260 (England and Wales)















JEREMY WETHERALL PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






JEREMY WETHERALL PROPERTIES LIMITED (REGISTERED NUMBER: 12193260)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


JEREMY WETHERALL PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: J Wetherall





REGISTERED OFFICE: Glebe Farm
Ashby De La Launde
Lincoln
United Kingdom
LN4 3JF





REGISTERED NUMBER: 12193260 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR

JEREMY WETHERALL PROPERTIES LIMITED (REGISTERED NUMBER: 12193260)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,493,671 977,576

CURRENT ASSETS
Debtors 5 2,210 -
Cash at bank 26,464 28,255
28,674 28,255
CREDITORS
Amounts falling due within one year 6 717,387 190,387
NET CURRENT LIABILITIES (688,713 ) (162,132 )
TOTAL ASSETS LESS CURRENT LIABILITIES 804,958 815,444

CREDITORS
Amounts falling due after more than one year 7 514,151 554,949
NET ASSETS 290,807 260,495

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 290,707 260,395
SHAREHOLDERS' FUNDS 290,807 260,495

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

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

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 29 January 2025 and were signed by:





J Wetherall - Director


JEREMY WETHERALL PROPERTIES LIMITED (REGISTERED NUMBER: 12193260)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Jeremy Wetherall Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:


Interest and dividends receivable

Interest income is recognised using the effective interest method and dividend income is recognised as the company’s right to receive payment is established.

Rental income

Rental income is recognised in the period in which it relates

Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement.

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 statement of financial position date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

JEREMY WETHERALL PROPERTIES LIMITED (REGISTERED NUMBER: 12193260)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 977,576
Additions 516,095
At 30 September 2024 1,493,671
NET BOOK VALUE
At 30 September 2024 1,493,671
At 30 September 2023 977,576

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 605 -
Other debtors 1,605 -
2,210 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 87,327 87,327
Amounts owed to group undertakings 576,722 72,633
Taxation and social security 11,679 9,046
Other creditors 41,659 21,381
717,387 190,387

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 514,151 554,949

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 349,116 380,295
349,116 380,295

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 601,478 642,276

Bank borrowings are secured by a fixed charge over the investment property within the company.

JEREMY WETHERALL PROPERTIES LIMITED (REGISTERED NUMBER: 12193260)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100