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REGISTERED NUMBER: 03847687 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

JMPK LIMITED

JMPK LIMITED (REGISTERED NUMBER: 03847687)






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 4


JMPK LIMITED

Company Information
for the year ended 30 September 2024







DIRECTOR: J. Karamani





REGISTERED OFFICE: Global House
303 Ballards Lane
London
N12 8NP





REGISTERED NUMBER: 03847687 (England and Wales)





ACCOUNTANTS: K J Pittalis and Partners LLP
Chartered Certified Accountants
Global House
303 Ballards Lane
London
N12 8NP

JMPK LIMITED (REGISTERED NUMBER: 03847687)

Statement of Financial Position
30 September 2024

30/9/24 30/9/23
Notes £    £   
FIXED ASSETS
Investment property 5 11,344,676 8,821,565

CURRENT ASSETS
Debtors 6 84,901 119,114
Cash at bank 40,584 1,124,557
125,485 1,243,671
CREDITORS
Amounts falling due within one year 7 (147,358 ) (178,992 )
NET CURRENT (LIABILITIES)/ASSETS (21,873 ) 1,064,679
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,322,803

9,886,244

CREDITORS
Amounts falling due after more than one
year

8

(4,853,578

)

(4,735,751

)

PROVISIONS FOR LIABILITIES 9 (1,400,158 ) (1,093,707 )
NET ASSETS 5,069,067 4,056,786

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Other reserves 4,200,474 3,281,121
Retained earnings 867,593 774,665
5,069,067 4,056,786

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.

JMPK LIMITED (REGISTERED NUMBER: 03847687)

Statement of Financial Position - continued
30 September 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 27 February 2025 and were signed by:





J. Karamani - Director


JMPK LIMITED (REGISTERED NUMBER: 03847687)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

JMPK 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover comprises revenue recognised by the company in respect of rents received during the year. Rents are recognised up to the year end date.

The total turnover of the company for the year has been derived from its principal activity wholly undertaken within the UK.

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.

4. EMPLOYEES AND DIRECTORS

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

JMPK LIMITED (REGISTERED NUMBER: 03847687)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 October 2023 8,821,565
Additions 1,297,307
Revaluations 1,225,804
At 30 September 2024 11,344,676
NET BOOK VALUE
At 30 September 2024 11,344,676
At 30 September 2023 8,821,565

Cost or valuation at 30 September 2024 is represented by:
£   
Valuation in 2016 736,883
Valuation in 2018 800,000
Valuation in 2022 2,837,945
Valuation in 2024 1,225,803
Cost 5,744,045
11,344,676

If had not been revalued would have been included at the following historical cost:

30/9/24 30/9/23
£    £   
Cost 4,446,737 4,446,737

The fair value of the properties at September 2024 has been arrived at on the basis of a professional valuation carried out. The properties were revalued last year and the director believes the values shown in the accounts to reflect the market value as at the reporting date.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade debtors 2,400 3,895
Other debtors 82,501 115,219
84,901 119,114

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Bank loans and overdrafts 12,531 11,941
Taxation and social security 31,457 25,576
Other creditors 103,370 141,475
147,358 178,992

JMPK LIMITED (REGISTERED NUMBER: 03847687)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/9/24 30/9/23
£    £   
Bank loans 2,794,497 2,807,619
Other creditors 2,059,081 1,928,132
4,853,578 4,735,751

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instalments 2,744,372 2,807,619

The loan is secured by first legal charges over the properties of the company including negative pledge.

9. PROVISIONS FOR LIABILITIES
30/9/24 30/9/23
£    £   
Deferred tax 1,400,158 1,093,707

Deferred
tax
£   
Balance at 1 October 2023 1,093,707
Provided during year 306,451
Balance at 30 September 2024 1,400,158

The deferred tax provision as shown above relates to the potential future tax due should the investment properties held by the company be sold. The provision has been calculated based on the difference between the historic cost of the properties and the market value of those properties as at the Balance Sheet date at the future applicable corporation tax rates. The increase in the provision reflects the additional tax due on the revaluation increase provided for in the year, as required by FRS 102 S1A.

10. RELATED PARTY DISCLOSURES

At the year end the company owed the director £1,161,009 (2023 - £1,117,683). The loan is non-interest bearing.