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REGISTERED NUMBER: 03987849 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

J.P.S PROPERTIES LIMITED

J.P.S PROPERTIES LIMITED (REGISTERED NUMBER: 03987849)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J.P.S PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mr John Sowry





SECRETARY: Mrs Deborah Sowry





REGISTERED OFFICE: 16 Dorchester Drive
Harborne
Birmingham
West Midlands
B17 0SW





REGISTERED NUMBER: 03987849 (England and Wales)





ACCOUNTANTS: Ark&Co Ltd
Chartered Accountants & Chartered Tax Advisers
The Maltings
2 Anderson Rd
Bearwood
Birmingham
West Midlands
B66 4AR

J.P.S PROPERTIES LIMITED (REGISTERED NUMBER: 03987849)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,530 2,445

CURRENT ASSETS
Debtors 5 14,454 11,571
Cash at bank 28,735 30,546
43,189 42,117
CREDITORS
Amounts falling due within one year 6 6,202 6,912
NET CURRENT ASSETS 36,987 35,205
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,517

37,650

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 39,516 37,649
SHAREHOLDERS' FUNDS 39,517 37,650

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.

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 9 December 2024 and were signed by:





Mr John Sowry - Director


J.P.S PROPERTIES LIMITED (REGISTERED NUMBER: 03987849)

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


1. STATUTORY INFORMATION

J.p.s 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.

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, 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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 ) .

J.P.S PROPERTIES LIMITED (REGISTERED NUMBER: 03987849)

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


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2023 8,320 9,995 18,315
Additions 929 - 929
At 31 May 2024 9,249 9,995 19,244
DEPRECIATION
At 1 June 2023 5,938 9,932 15,870
Charge for year 828 16 844
At 31 May 2024 6,766 9,948 16,714
NET BOOK VALUE
At 31 May 2024 2,483 47 2,530
At 31 May 2023 2,382 63 2,445

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 3,320 3,320
Other debtors & accrued income 11,134 8,251
14,454 11,571

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 440 697
Tax 374 1,624
Social security and other taxes 195 -
VAT 2,505 1,470
Directors' current accounts 1,688 2,121
Accrued expenses 1,000 1,000
6,202 6,912

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr John Sowry.

The ultimate controlling party is Mr John Sowry.