Acorah Software Products - Accounts Production 16.2.800 false true 30 September 2023 20 September 2022 false 1 October 2023 30 September 2024 30 September 2024 14363647 Mr David Taberner Mrs Andrea Taberner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14363647 2023-09-30 14363647 2024-09-30 14363647 2023-10-01 2024-09-30 14363647 frs-core:CurrentFinancialInstruments 2024-09-30 14363647 frs-core:FurnitureFittings 2024-09-30 14363647 frs-core:FurnitureFittings 2023-10-01 2024-09-30 14363647 frs-core:FurnitureFittings 2023-09-30 14363647 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 14363647 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 14363647 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 14363647 frs-core:ShareCapital 2024-09-30 14363647 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 14363647 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 14363647 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 14363647 frs-bus:SmallEntities 2023-10-01 2024-09-30 14363647 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 14363647 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 14363647 frs-bus:Director1 2023-10-01 2024-09-30 14363647 frs-bus:Director2 2023-10-01 2024-09-30 14363647 frs-core:CurrentFinancialInstruments 9 2024-09-30 14363647 frs-countries:EnglandWales 2023-10-01 2024-09-30 14363647 2022-09-19 14363647 2023-09-30 14363647 2022-09-20 2023-09-30 14363647 frs-core:CurrentFinancialInstruments 2023-09-30 14363647 frs-core:ShareCapital 2023-09-30 14363647 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 14363647 frs-core:CurrentFinancialInstruments 9 2023-09-30
Registered number: 14363647
JIG PROPERTY LTD
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14363647
30 September 2024 30 September 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 239,289 239,462
239,289 239,462
CURRENT ASSETS
Debtors 5 3,044 1,232
Cash at bank and in hand 411 2,876
3,455 4,108
Creditors: Amounts Falling Due Within One Year 6 (257,642 ) (268,214 )
NET CURRENT ASSETS (LIABILITIES) (254,187 ) (264,106 )
TOTAL ASSETS LESS CURRENT LIABILITIES (14,898 ) (24,644 )
NET LIABILITIES (14,898 ) (24,644 )
CAPITAL AND RESERVES
Called up share capital 7 3 3
Profit and Loss Account (14,901 ) (24,647 )
SHAREHOLDERS' FUNDS (14,898) (24,644)
For the year ending 30 September 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Taberner
Director
12th March 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
JIG PROPERTY LTD is a private company, limited by shares, incorporated in England & Wales, registered number 14363647 . The registered office is 20-22 Wenlock Road, London, N1 7GU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No Depreciation
Fixtures & Fittings 15% Reducing Balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
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Page 2
Page 3
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 October 2023 238,595 1,020 239,615
Disposals - (51 ) (51 )
As at 30 September 2024 238,595 969 239,564
Depreciation
As at 1 October 2023 - 153 153
Provided during the period - 122 122
As at 30 September 2024 - 275 275
Net Book Value
As at 30 September 2024 238,595 694 239,289
As at 1 October 2023 238,595 867 239,462
5. Debtors
30 September 2024 30 September 2023
£ £
Due within one year
Other debtors 3,044 1,232
6. Creditors: Amounts Falling Due Within One Year
30 September 2024 30 September 2023
£ £
Other creditors 136,500 136,500
Accrued expenses 852 720
Directors' loan accounts 120,290 130,994
257,642 268,214
7. Share Capital
30 September 2024 30 September 2023
£ £
Allotted, Called up and fully paid 3 3
Page 3