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COMPANY REGISTRATION NUMBER: 9082202
JAYEZ PROPERTIES LIMITED
Filleted Unaudited Financial Statements
30 June 2024
JAYEZ PROPERTIES LIMITED
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
Current assets
Stocks
603,192
603,192
Debtors
3
18,188
21,842
Cash at bank and in hand
356
5,101
---------
---------
621,736
630,135
Creditors: amounts falling due within one year
4
555,910
558,232
---------
---------
Net current assets
65,826
71,903
--------
--------
Total assets less current liabilities
65,826
71,903
--------
--------
Net assets
65,826
71,903
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
65,726
71,803
--------
--------
Shareholders funds
65,826
71,903
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 17 March 2025 , and are signed on behalf of the board by:
J.J. Arden
Director
Company registration number: 9082202
JAYEZ PROPERTIES LIMITED
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 141 Hoe Street, Walthamstow, London, E17 3AL.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
3. Debtors
2024
2023
£
£
Other debtors
18,188
21,842
--------
--------
4. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
395,068
395,997
Trade creditors
230
723
Other creditors
160,612
161,512
---------
---------
555,910
558,232
---------
---------
The following liabilities disclosed under creditors falling due within one year are secured by the company:
2024 2023
£ £
395,068 395,997
5. Related party transactions
The company was under no overall control throughout the year.