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Company Registration No. 10435570 (England and Wales)
JOINT PROPERTY LTD Unaudited accounts for the year ended 31 October 2024
JOINT PROPERTY LTD Unaudited accounts Contents
Page
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JOINT PROPERTY LTD Company Information for the year ended 31 October 2024
Directors
Mark Russell Gale V Spierings
Company Number
10435570 (England and Wales)
Registered Office
112 Broadway Peterborough PE1 4DG England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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JOINT PROPERTY LTD Accountants' report
Accountants' report to the board of directors of JOINT PROPERTY LTD on the preparation of the unaudited statutory accounts for the year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of JOINT PROPERTY LTD for the year ended 31 October 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of JOINT PROPERTY LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of JOINT PROPERTY LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JOINT PROPERTY LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that JOINT PROPERTY LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of JOINT PROPERTY LTD. You consider that JOINT PROPERTY LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of JOINT PROPERTY LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 3 March 2025
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JOINT PROPERTY LTD Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
190,000 
190,000 
Current assets
Debtors
28,597 
30,013 
Investments
- 
2,000 
Cash at bank and in hand
4,323 
2,852 
32,920 
34,865 
Creditors: amounts falling due within one year
(129,443)
(129,326)
Net current liabilities
(96,523)
(94,461)
Total assets less current liabilities
93,477 
95,539 
Creditors: amounts falling due after more than one year
(143,888)
(143,888)
Net liabilities
(50,411)
(48,349)
Capital and reserves
Called up share capital
20 
20 
Revaluation reserve
10,411 
10,411 
Profit and loss account
(60,842)
(58,780)
Shareholders' funds
(50,411)
(48,349)
For the year ending 31 October 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2025 and were signed on its behalf by
V Spierings Director Company Registration No. 10435570
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JOINT PROPERTY LTD Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
JOINT PROPERTY LTD is a private company, limited by shares, registered in England and Wales, registration number 10435570. The registered office is 112 Broadway, Peterborough, PE1 4DG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Investment property
2024 
£ 
Fair value at 1 November 2023
190,000 
At 31 October 2024
190,000 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
28,597 
28,597 
Amounts falling due after more than one year
Accrued income and prepayments
- 
36 
Other debtors
- 
1,380 
- 
1,416 
6
Investments held as current assets
2024 
2023 
£ 
£ 
Unlisted investments
2,000 
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JOINT PROPERTY LTD Notes to the Accounts for the year ended 31 October 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
1,000 
- 
Loans from directors
128,443 
128,442 
Accruals
- 
884 
129,443 
129,326 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
143,888 
143,888 
Aggregate of amounts that fall due for payment after five years
143,888 
143,888 
Included in long term creditors are bank loans secured on investment properties. Personal guarantees have been provided.
9
Transactions with related parties
Included in debtors is a loan of £28,597 (2023 - £28,597) to Westbank Properties Limited, a related company. The loan is interest-free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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