Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 11366574 Mr Gurmukh Panesar Mr Jaspreet Panesar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11366574 2023-05-31 11366574 2024-05-31 11366574 2023-06-01 2024-05-31 11366574 frs-core:CurrentFinancialInstruments 2024-05-31 11366574 frs-core:Non-currentFinancialInstruments 2024-05-31 11366574 frs-core:ComputerEquipment 2024-05-31 11366574 frs-core:ComputerEquipment 2023-06-01 2024-05-31 11366574 frs-core:ComputerEquipment 2023-05-31 11366574 frs-core:PlantMachinery 2024-05-31 11366574 frs-core:PlantMachinery 2023-06-01 2024-05-31 11366574 frs-core:PlantMachinery 2023-05-31 11366574 frs-core:SharePremium 2024-05-31 11366574 frs-core:ShareCapital 2024-05-31 11366574 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 11366574 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11366574 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 11366574 frs-bus:SmallEntities 2023-06-01 2024-05-31 11366574 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11366574 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11366574 frs-bus:Director1 2023-06-01 2024-05-31 11366574 frs-bus:Director2 2023-06-01 2024-05-31 11366574 frs-countries:EnglandWales 2023-06-01 2024-05-31 11366574 2022-05-31 11366574 2023-05-31 11366574 2022-06-01 2023-05-31 11366574 frs-core:CurrentFinancialInstruments 2023-05-31 11366574 frs-core:Non-currentFinancialInstruments 2023-05-31 11366574 frs-core:SharePremium 2023-05-31 11366574 frs-core:ShareCapital 2023-05-31 11366574 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 11366574
JGP Properties (London) Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11366574
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 509 678
Investment Properties 5 2,488,028 2,488,028
2,488,537 2,488,706
CURRENT ASSETS
Debtors 6 135,140 -
Cash at bank and in hand 14,921 97,148
150,061 97,148
Creditors: Amounts Falling Due Within One Year 7 (465,476 ) (439,029 )
NET CURRENT ASSETS (LIABILITIES) (315,415 ) (341,881 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,173,122 2,146,825
Creditors: Amounts Falling Due After More Than One Year 8 (1,875,987 ) (1,882,233 )
NET ASSETS 297,135 264,592
CAPITAL AND RESERVES
Called up share capital 9 200 200
Share premium account 199,615 199,615
Profit and Loss Account 97,320 64,777
SHAREHOLDERS' FUNDS 297,135 264,592
Page 1
Page 2
For the year ending 31 May 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jaspreet Panesar
Director
10/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
JGP Properties (London) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11366574 . The registered office is 4 Nutter Lane, London, E11 2HY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration receivable. Turnover includes revenue earned from the rental of residential investment properties.

Turnover is recognised when the rent falls due, which is usually in arrears at month end.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Computer Equipment 25% on reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 699 900 1,599
As at 31 May 2024 699 900 1,599
Depreciation
As at 1 June 2023 306 615 921
Provided during the period 98 71 169
As at 31 May 2024 404 686 1,090
Net Book Value
As at 31 May 2024 295 214 509
As at 1 June 2023 393 285 678
Page 3
Page 4
5. Investment Property
2024
£
Fair Value
As at 1 June 2023 and 31 May 2024 2,488,028
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 135,140 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 8,069 -
Corporation tax 9,243 11,094
Other creditors 445,164 425,775
Accruals and deferred income 3,000 2,160
465,476 439,029
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,875,987 1,882,233
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 4