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REGISTERED NUMBER: 05964599 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Jenpark Limited

Jenpark Limited (Registered number: 05964599)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jenpark Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mrs J Parkinson
Mrs A Jenkins





REGISTERED OFFICE: 6 Cumberland Avenue
Grimsby
North East Lincs
DN32 0BT





REGISTERED NUMBER: 05964599 (England and Wales)

Jenpark Limited (Registered number: 05964599)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 654 -
Investment property 5 397,500 450,000
398,154 450,000

CURRENT ASSETS
Debtors 6 - 1,026
Cash at bank 5,727 13,121
5,727 14,147
CREDITORS
Amounts falling due within one year 7 14,690 63,207
NET CURRENT LIABILITIES (8,963 ) (49,060 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

389,191

400,940

CREDITORS
Amounts falling due after more than one
year

8

(293,145

)

(301,277

)

PROVISIONS FOR LIABILITIES (4,132 ) -
NET ASSETS 91,914 99,663

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 10 29,208 36,771
Retained earnings 61,706 61,892
91,914 99,663

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Jenpark Limited (Registered number: 05964599)

Balance Sheet - continued
31 December 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 2 April 2025 and were signed on its behalf by:





Mrs J Parkinson - Director


Jenpark Limited (Registered number: 05964599)

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

1. STATUTORY INFORMATION

Jenpark 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 (£).


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.

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.
Computer equipment - 25% on cost

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 2 (2023 - 2 ) .

Jenpark Limited (Registered number: 05964599)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 831
Additions 849
At 31 December 2024 1,680
DEPRECIATION
At 1 January 2024 831
Charge for year 195
At 31 December 2024 1,026
NET BOOK VALUE
At 31 December 2024 654

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 January 2024 450,000
Disposals (67,500 )
Revaluations 15,000
At 31 December 2024 397,500
NET BOOK VALUE
At 31 December 2024 397,500
At 31 December 2023 450,000

Cost or valuation at 31 December 2024 is represented by:
£   
Valuation in 2023 23,944
Valuation in 2024 15,000
Cost 358,556
397,500

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

31.12.24 31.12.23
£    £   
Cost 358,556 413,229

Investment property was valued on an open market basis on 31 December 2024 by the directors .

Jenpark Limited (Registered number: 05964599)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors - 1,026

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 8,520 8,520
Trade creditors 4,554 3,351
Taxation and social security 120 120
Other creditors 1,496 51,216
14,690 63,207

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 48,145 77,277
Other creditors 245,000 224,000
293,145 301,277

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 14,065 43,197
Other loans more 5yrs instal 245,000 224,000
259,065 267,197

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans 56,665 85,797

The bank loan is secured by way of a fixed and floating charge over the assets of the company.

10. RESERVES
Revaluation
reserve
£   
At 1 January 2024 36,771
Transfer of reserves 2,173
Taxation (9,736 )

At 31 December 2024 29,208

Jenpark Limited (Registered number: 05964599)

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

11. RELATED PARTY DISCLOSURES

During the year interest of £2,905 was paid to the directors.