REGISTERED NUMBER: 10412203 (England and Wales)

Financial Statements

for the Year Ended 30th September 2024

for

JUMP ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Napodano

REGISTERED OFFICE:

1 Tower House

Tower Centre

Hoddesdon

Hertfordshire

EN11 8UR

REGISTERED NUMBER:

10412203 (England and Wales)

ACCOUNTANTS:

Attenboroughs (Accountants) Limited

Chartered Certified Accountants

1 Tower House

Tower Centre

Hoddesdon

Hertfordshire

EN11 8UR

FIXED ASSETS

Tangible assets

4

2,427

3,236

Investment property

5

531,278

531,278

533,705

534,514

CURRENT ASSETS

Debtors

6

2,194

3,905

Cash at bank

47,735

109,917

49,929

113,822

CREDITORS

Amounts falling due within one year

7

350,872

358,945

NET CURRENT LIABILITIES

(300,943

)

(245,123

)

TOTAL ASSETS LESS CURRENT LIABILITIES

232,762

289,391

CREDITORS

Amounts falling due after more than one year

8

(250,105

)

(302,690

)

PROVISIONS FOR LIABILITIES

-

(820

)

NET LIABILITIES

(17,343

)

(14,119

)

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

(17,443

)

(14,219

)

SHAREHOLDERS' FUNDS

(17,343

)

(14,119

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

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 11th February 2025 and were signed by:

A Napodano - Director

1.	STATUTORY INFORMATION

Jump 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

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 balance sheet date.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1st October 2023

and 30th September 2024

11,971

DEPRECIATION

At 1st October 2023

8,735

Charge for year

809

At 30th September 2024

9,544

NET BOOK VALUE

At 30th September 2024

2,427

At 30th September 2023

3,236

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st October 2023

and 30th September 2024

531,278

NET BOOK VALUE

At 30th September 2024

531,278

At 30th September 2023

531,278

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/24

30/9/23

£

£

Trade debtors

150

150

Prepayments and accrued income

2,044

3,755

2,194

3,905

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/24

30/9/23

£

£

Amounts owed to group undertakings

340,072

340,245

Accruals and deferred income

10,800

18,700

350,872

358,945

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/9/24

30/9/23

£

£

Bank loans more 5 yrs non-inst

250,105

302,690

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

250,105

302,690

9.	SECURED DEBTS

The following secured debts are included within creditors:

30/9/24

30/9/23

£

£

Bank loans

-

302,960

The above loans are secured by way of a mortgage charge over all of the companies investment properties.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/9/24

30/9/23

value:

£

£

100

Ordinary

£1

100

100

11.	ULTIMATE CONTROLLING PARTY

The controlling party is A Napodano.