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REGISTERED NUMBER: 12769226 (England and Wales)


















JSP HOME LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






JSP HOME LTD (REGISTERED NUMBER: 12769226)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JSP HOME LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Ms M Boydell
Mr P Sayer





REGISTERED OFFICE: Sovereign House
15 Towcester Road
Old Stratford
Milton Keynes
MK19 6AN





REGISTERED NUMBER: 12769226 (England and Wales)





ACCOUNTANTS: Thompson Balch Limited
Chartered Accountants
Sovereign House
15 Towcester Road
Old Stratford
Milton Keynes
MK19 6AN

JSP HOME LTD (REGISTERED NUMBER: 12769226)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 460,000 430,000

CURRENT ASSETS
Debtors 5 57,347 25,153
Cash at bank 1,114 2,290
58,461 27,443
CREDITORS
Amounts falling due within one year 6 152,849 124,382
NET CURRENT LIABILITIES (94,388 ) (96,939 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

365,612

333,061

CREDITORS
Amounts falling due after more than one
year

7

(322,844

)

(322,844

)

PROVISIONS FOR LIABILITIES (5,995 ) -
NET ASSETS 36,773 10,217

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserves 25,555 1,255
Retained earnings 11,118 8,862
36,773 10,217

JSP HOME LTD (REGISTERED NUMBER: 12769226)

BALANCE SHEET - continued
31 JULY 2024


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

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

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 24 April 2025 and were signed on its behalf by:





Ms M Boydell - Director


JSP HOME LTD (REGISTERED NUMBER: 12769226)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

JSP Home Ltd 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

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 NIL (2023 - NIL).

JSP HOME LTD (REGISTERED NUMBER: 12769226)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 430,000
Revaluations 30,000
At 31 July 2024 460,000
NET BOOK VALUE
At 31 July 2024 460,000
At 31 July 2023 430,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2022 16,550
Valuation in 2023 (15,000 )
Valuation in 2024 30,000
Cost 428,450
460,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 57,347 25,153

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,200 540
Taxation and social security 2,502 1,956
Other creditors 149,147 121,886
152,849 124,382

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 322,844 322,844

JSP HOME LTD (REGISTERED NUMBER: 12769226)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Onesavings Bank PLC 322,844 322,844

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £57,347 (2023 - £24,858) by JSP Interiors Ltd, a company under common control. This amount is repayable on demand.