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REGISTERED NUMBER: 08512841 (England and Wales)















JP Executive Lettings & Sales Limited

Unaudited Financial Statements

for the Year Ended 30 May 2023






JP Executive Lettings & Sales Limited (Registered number: 08512841)






Contents of the Financial Statements
for the Year Ended 30 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JP Executive Lettings & Sales Limited

Company Information
for the Year Ended 30 May 2023







DIRECTOR: J R Payne





REGISTERED OFFICE: The Maltings
East Tyndall Street
Cardiff
CF24 5EZ





REGISTERED NUMBER: 08512841 (England and Wales)





ACCOUNTANTS: Xeinadin South Wales & West Limited
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

JP Executive Lettings & Sales Limited (Registered number: 08512841)

Balance Sheet
30 May 2023

30.5.23 30.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,758 2,593

CURRENT ASSETS
Debtors 5 172,496 122,781
Cash at bank and in hand 4,674 (383 )
177,170 122,398
CREDITORS
Amounts falling due within one year 6 61,485 49,310
NET CURRENT ASSETS 115,685 73,088
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,443

75,681

CREDITORS
Amounts falling due after more than one year 7 (22,552 ) (27,185 )

PROVISIONS FOR LIABILITIES 8 (404 ) -
NET ASSETS 94,487 48,496

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 94,387 48,396
SHAREHOLDERS' FUNDS 94,487 48,496

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 2023 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 20 February 2025 and were signed by:




J R Payne - Director


JP Executive Lettings & Sales Limited (Registered number: 08512841)

Notes to the Financial Statements
for the Year Ended 30 May 2023

1. STATUTORY INFORMATION

JP Executive Lettings & Sales 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 includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for the work performed to date to the total estimated contract costs.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

JP Executive Lettings & Sales Limited (Registered number: 08512841)

Notes to the Financial Statements - continued
for the Year Ended 30 May 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 31 May 2022
and 30 May 2023 4,172
DEPRECIATION
At 31 May 2022 1,579
Charge for year 835
At 30 May 2023 2,414
NET BOOK VALUE
At 30 May 2023 1,758
At 30 May 2022 2,593

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.5.23 30.5.22
£    £   
Other debtors 172,496 122,781

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.5.23 30.5.22
£    £   
Bank loans and overdrafts 4,655 4,481
Trade creditors 3,097 -
Taxation and social security 51,503 40,539
Other creditors 2,230 4,290
61,485 49,310

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.5.23 30.5.22
£    £   
Bank loans 22,552 27,185

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,642 7,798

8. PROVISIONS FOR LIABILITIES
30.5.23 30.5.22
£    £   
Deferred tax 404 -

JP Executive Lettings & Sales Limited (Registered number: 08512841)

Notes to the Financial Statements - continued
for the Year Ended 30 May 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Charge to Income Statement during year 404
Balance at 30 May 2023 404

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 May 2023 and 30 May 2022:

30.5.23 30.5.22
£    £   
J R Payne
Balance outstanding at start of year 122,782 69,055
Amounts advanced 92,814 98,152
Amounts repaid (43,100 ) (44,425 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 172,496 122,782

All amounts borrowed by directors are repayable to the company on demand and within 9 months of the above period end at the latest. Interest has been charged at 2.5% (2022: 2.5%).