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REGISTERED NUMBER: 03030575 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Jay Development Property Company
(Liverpool) Ltd.

Jay Development Property Company
(Liverpool) Ltd. (Registered number: 03030575)






Contents of the Financial Statements
for the year ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Jay Development Property Company
(Liverpool) Ltd.

Company Information
for the year ended 31 July 2024







DIRECTORS: Mr B J Young
Mrs C Young
Mr P J Young
Ms J A Young





SECRETARY: Mrs C Young





REGISTERED OFFICE: Alina House
10 St Vincent Street
Liverpool
Merseyside
L3 5XW





REGISTERED NUMBER: 03030575 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
13a Duke Street
Southport
Merseyside
PR8 1LS

Jay Development Property Company
(Liverpool) Ltd. (Registered number: 03030575)

Balance Sheet
31 July 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 990 1,991
Investment property 5 1,176,600 1,397,500
1,177,590 1,399,491

CURRENT ASSETS
Debtors 6 64,969 43,130
Cash at bank and in hand 971,435 563,715
1,036,404 606,845
CREDITORS
Amounts falling due within one year 7 (536,447 ) (632,022 )
NET CURRENT ASSETS/(LIABILITIES) 499,957 (25,177 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,677,547

1,374,314

PROVISIONS FOR LIABILITIES 8 (156,829 ) (143,077 )
NET ASSETS 1,520,718 1,231,237

CAPITAL AND RESERVES
Called up share capital 9 45,300 45,300
Fair value reserve 10 527,945 593,420
Retained earnings 947,473 592,517
SHAREHOLDERS' FUNDS 1,520,718 1,231,237

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 28 April 2025 and were signed on its behalf by:





Mr B J Young - Director


Jay Development Property Company
(Liverpool) Ltd. (Registered number: 03030575)

Notes to the Financial Statements
for the year ended 31 July 2024

1. STATUTORY INFORMATION

Jay Development Property Company (Liverpool) 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 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.

Critical accounting judgements and key sources of estimation uncertainty
The valuation of investment properties is a critical judgement and has by nature an element of uncertainty.

Turnover
Turnover represents rents receivable.

Tangible fixed assets
Depreciation is not provided on long leasehold properties as these are investment properties. This departure from the Companies Acts complies with the Financial Reporting Standard for Smaller Entities and is necessary to give a true and fair view.

Depreciation has been provided on plant and machinery at 25% on reducing balance and computer equipment at 33% on cost to write down each asset to residual value over its estimated useful life.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Jay Development Property Company
(Liverpool) Ltd. (Registered number: 03030575)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£ £ £
COST
At 1 August 2023 1,827 3,528 5,355
Additions - 243 243
At 31 July 2024 1,827 3,771 5,598
DEPRECIATION
At 1 August 2023 1,609 1,755 3,364
Charge for year - 1,244 1,244
At 31 July 2024 1,609 2,999 4,608
NET BOOK VALUE
At 31 July 2024 218 772 990
At 31 July 2023 218 1,773 1,991

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 August 2023 1,397,500
Disposals (169,177 )
Revaluations (51,723 )
At 31 July 2024 1,176,600
NET BOOK VALUE
At 31 July 2024 1,176,600
At 31 July 2023 1,397,500

Investment properties stated at cost plus a fair value reserve of £527,945 resulting from an independent professional valuation at open market value as at 31 July 2016 which the directors consider to be not materially different to the value at 31 July 2024..

Fair value at 31 July 2024 is represented by:
£
Valuation in 2000 141,250
Valuation in 2003 143,963
Valuation in 2006 798,907
Valuation in 2007 203,000
Valuation in 2008 (157,990 )
Valuation in 2011 (238,000 )
Valuation in 2012 (50,000 )
Valuation in 2017 (104,633 )
Valuation in 2024 (51,723 )
Cost 491,826
1,176,600

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 38,639 31,469
Other debtors 26,330 11,661
64,969 43,130

Jay Development Property Company
(Liverpool) Ltd. (Registered number: 03030575)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 800 5,903
Taxation and social security 76,657 6,191
Other creditors 458,990 619,928
536,447 632,022

8. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 156,829 143,077

Deferred tax
£
Balance at 1 August 2023 143,077
On property revaluation 13,752
Balance at 31 July 2024 156,829

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
45,100 Ordinary £1 45,100 45,100
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
45,300 45,300

10. RESERVES
Fair value
reserve
£
At 1 August 2023 593,420
Revaluation of investment
properties (51,723 )
Deferred tax (13,752 )

At 31 July 2024 527,945