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Registration number: 08817957

Juma Properties Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Juma Properties Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Juma Properties Limited

Company Information

Directors

J Rudd

JA Williams

MA Wingfield

Company secretary

MA Wingfield

Registered office

2 Charlotte Street Mews
Hull
East Yorkshire
HU1 3BP

 

Juma Properties Limited

(Registration number: 08817957)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

250,000

308,369

Current assets

 

Debtors

5

422

-

Cash at bank and in hand

 

7,071

14,423

 

7,493

14,423

Creditors: Amounts falling due within one year

6

(71,785)

(106,540)

Net current liabilities

 

(64,292)

(92,117)

Total assets less current liabilities

 

185,708

216,252

Provisions for liabilities

(4,814)

(4,814)

Net assets

 

180,894

211,438

Capital and reserves

 

Called up share capital

2

2

Other reserves

(58,369)

-

Retained earnings

239,261

211,436

Shareholders' funds

 

180,894

211,438

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 November 2024 and signed on its behalf by:
 

 

Juma Properties Limited

(Registration number: 08817957)
Balance Sheet as at 31 July 2024

.........................................
J Rudd
Director

.........................................
JA Williams
Director

.........................................
MA Wingfield
Company secretary and director

 

Juma Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital incorporated in England & Wales and the company registration number is 08817957.

The address of its registered office is:
2 Charlotte Street Mews
Hull
East Yorkshire
HU1 3BP

These financial statements were authorised for issue by the Board on 28 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover represents rents receivable, excluding value added tax.

Tax

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or subsequently enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measure using the rates and allowances that apply to the sale of the asset.


 

Juma Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 3 (2023 - 3).

4

Investment properties

2024
£

At 1 August

308,369

Fair value adjustments

(58,369)

At 31 July

250,000

The investment property was valued by the directors on an open market basis on 31 July 2024.

5

Debtors

2024
£

2023
£

Other debtors

422

-

422

-

 

Juma Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

61,998

97,998

Taxation and social security

 

8,332

7,042

Accruals and deferred income

 

1,455

1,500

 

71,785

106,540

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

61,998

97,998


Other borrowings relate to an unsecured directors loan.

8

Related party transactions

Other transactions with Directors

At the year end the balance owed to the Directors was £61,998 (2023: £97,998). This amount is unsecured, interest free and repayable on demand.