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REGISTERED NUMBER: 07576311 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

JNP Estates Limited

JNP Estates Limited (Registered number: 07576311)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JNP Estates Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: N P Davey
P N Davey
J P Davey





REGISTERED OFFICE: South Eastern House
62-70 Fowler Road
Hainault
Essex
IG6 3UT





REGISTERED NUMBER: 07576311 (England and Wales)





ACCOUNTANTS: Xeinadin South East Limited
The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT

JNP Estates Limited (Registered number: 07576311)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,886 10,704
Investments 5 3,592 -
Investment property 6 832,502 806,889
846,980 817,593

CURRENT ASSETS
Debtors 7 6,490 58,071
Cash at bank 34,372 27,052
40,862 85,123
CREDITORS
Amounts falling due within one year 8 389,986 363,409
NET CURRENT LIABILITIES (349,124 ) (278,286 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

497,856

539,307

CREDITORS
Amounts falling due after more than one
year

9

-

(825

)

PROVISIONS FOR LIABILITIES (41,000 ) (41,000 )
NET ASSETS 456,856 497,482

CAPITAL AND RESERVES
Called up share capital 300 300
Fair value reserve 10 156,099 172,507
Retained earnings 300,457 324,675
SHAREHOLDERS' FUNDS 456,856 497,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

JNP Estates Limited (Registered number: 07576311)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





P N Davey - Director


JNP Estates Limited (Registered number: 07576311)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

JNP Estates 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 (£).


The company is not part of a group.

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 as modified by the revaluation of certain assets.

Significant judgements and estimates
No significant judgements or estimations have been applied in the preparation of the financial statements.

Revenue
Revenue represents rental income and is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable. .

Tangible fixed assets
Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates, in order to write off each asset over its estimated useful life:

Plant and machinery etc - 20% on reducing balance

Investment property
The investment property is included at fair value. Gains are recognised in the income statement and subsequently transferred to the fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Listed investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans from related parties.

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.


JNP Estates Limited (Registered number: 07576311)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

Debtors
Short term debtors are measured at the transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Other financial liabilities, are measured initially and subsequently at transaction price, which is not considered materially different to amortised cost using the effective interest rate method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 17,253
Additions 2,722
At 31 March 2024 19,975
DEPRECIATION
At 1 April 2023 6,549
Charge for year 2,540
At 31 March 2024 9,089
NET BOOK VALUE
At 31 March 2024 10,886
At 31 March 2023 10,704

JNP Estates Limited (Registered number: 07576311)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
Additions 20,000
Revaluations (16,408 )
At 31 March 2024 3,592
NET BOOK VALUE
At 31 March 2024 3,592

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2024 (16,408 )
Cost 20,000
3,592

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 806,889
Additions 25,613
At 31 March 2024 832,502
NET BOOK VALUE
At 31 March 2024 832,502
At 31 March 2023 806,889

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2020 213,507
Cost 618,995
832,502

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

2024 2023
£    £   
Cost 618,995 593,382

The investment properties were valued on an open market basis on 31 March 2024 by the Directors .

JNP Estates Limited (Registered number: 07576311)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 6,490 58,071

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,970 -
Amounts owed to related parties 371,590 359,024
Other creditors 16,426 4,385
389,986 363,409

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors - 825

10. RESERVES
Fair
value
reserve
£   
At 1 April 2023 172,507
Transfers (16,408 )

At 31 March 2024 156,099

11. RELATED PARTY DISCLOSURES

At the balance sheet date an amount totalling £371,590 (2023: £359,024) was due to a related party.