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REGISTERED NUMBER: 11989257 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

JSM 1988 LIMITED

JSM 1988 LIMITED (REGISTERED NUMBER: 11989257)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JSM 1988 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Dr J S Mohal





REGISTERED OFFICE: 5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 11989257 (England and Wales)





ACCOUNTANTS: David Simon Limited
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

JSM 1988 LIMITED (REGISTERED NUMBER: 11989257)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 349
Investment property 5 465,000 462,685
465,000 463,034

CURRENT ASSETS
Debtors 6 725 700
Cash at bank 20,454 17,322
21,179 18,022
CREDITORS
Amounts falling due within one year 7 153,622 152,993
NET CURRENT LIABILITIES (132,443 ) (134,971 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

332,557

328,063

CREDITORS
Amounts falling due after more than one
year

8

(277,495

)

(277,495

)

PROVISIONS FOR LIABILITIES (8,956 ) (8,516 )
NET ASSETS 46,106 42,052

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable reserves 10 38,179 36,304
Retained earnings 7,827 5,648
SHAREHOLDERS' FUNDS 46,106 42,052

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

JSM 1988 LIMITED (REGISTERED NUMBER: 11989257)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 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 director and authorised for issue on 10 February 2025 and were signed by:





Dr J S Mohal - Director


JSM 1988 LIMITED (REGISTERED NUMBER: 11989257)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

JSM 1988 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 as modified by the revaluation of certain assets.

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.
Plant and machinery etc - 33.33% on cost

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

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 NIL (2023 - NIL).

JSM 1988 LIMITED (REGISTERED NUMBER: 11989257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 1,049
DEPRECIATION
At 1 June 2023 700
Charge for year 349
At 31 May 2024 1,049
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 349

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 462,685
Revaluations 2,315
At 31 May 2024 465,000
NET BOOK VALUE
At 31 May 2024 465,000
At 31 May 2023 462,685

The investment property was valued by the director at the end of the year.

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2022 44,820
Valuation in 2024 2,315
Cost 417,865
465,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 725 700

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 769 1,227
Other creditors 152,853 151,766
153,622 152,993

JSM 1988 LIMITED (REGISTERED NUMBER: 11989257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 277,495 277,495

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 277,495 277,495

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 277,495 277,495

The bank loan is secured by way of a fixed charge over the investment property and contains a negative pledge.

10. RESERVES
Non
distributable
reserves
£   
At 1 June 2023 36,304
Transfer 1,875

At 31 May 2024 38,179