Registered number
10893471
JM & Sons Investments Ltd
Filleted Accounts
31 July 2024
JM & Sons Investments Ltd
Registered number: 10893471
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,807,188 3,816,199
Current assets
Debtors 4 32,518 10,827
Cash at bank and in hand 28,109 25,895
60,627 36,722
Creditors: amounts falling due within one year 5 (254,009) (189,068)
Net current liabilities (193,382) (152,346)
Total assets less current liabilities 3,613,806 3,663,853
Creditors: amounts falling due after more than one year 6 (3,250,792) (3,342,891)
Net assets 363,014 320,962
Capital and reserves
Called up share capital 200 200
Profit and loss account 362,814 320,762
Shareholders' funds 363,014 320,962
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jahanara Chowdhury
Director
Approved by the board on 15 April 2025
JM & Sons Investments Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services . Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation . Depreciation is provided on all tangible fixed assets evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 5
3 Tangible fixed assets
Land and buildings Equipment, Fixture & Fittings Total
£ £ £
Cost
At 1 August 2023 3,768,768 98,843 3,867,611
Additions - 3,795 3,795
At 31 July 2024 3,768,768 102,638 3,871,406
Depreciation
At 1 August 2023 - 51,412 51,412
Charge for the year - 12,806 12,806
At 31 July 2024 - 64,218 64,218
Net book value
At 31 July 2024 3,768,768 38,420 3,807,188
At 31 July 2023 3,768,768 47,431 3,816,199
4 Debtors 2024 2023
£ £
Trade debtors 32,518 10,827
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 100,815 113,119
Trade creditors 108,581 40,102
Taxation and social security costs 42,613 33,847
Other creditors 2,000 2,000
254,009 189,068
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 2,354,953 2,443,463
Rent Deposit 83,227 86,816
Director's loan 812,612 812,612
3,250,792 3,342,891
7 Other information
JM & Sons Investments Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 Raven Road
London
E18 1HB
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