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REGISTERED NUMBER: 10567938 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

JESS-SOPH PROPERTY LIMITED

JESS-SOPH PROPERTY LIMITED (REGISTERED NUMBER: 10567938)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


JESS-SOPH PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mr R J Morrey





SECRETARY: Mr R J Morrey





REGISTERED OFFICE: 8 Rookwood Hill
Bramhall
Stockport
Cheshire
SK7 3EH





REGISTERED NUMBER: 10567938 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

JESS-SOPH PROPERTY LIMITED (REGISTERED NUMBER: 10567938)

BALANCE SHEET
30 APRIL 2024

30/4/24 30/4/23
Notes £    £    £   
FIXED ASSETS
Investment property 4 150,000 150,000

CURRENT ASSETS
Debtors 5 6,042 19,788
Cash at bank 4,341 2,136
10,383 21,924
CREDITORS
Amounts falling due within one year 6 60,821 71,522
NET CURRENT LIABILITIES (50,438 ) (49,598 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

99,562

100,402

CREDITORS
Amounts falling due after more than one
year

7

(19,451

)

(29,102

)

PROVISIONS FOR LIABILITIES 9 (8,985 ) (8,985 )
NET ASSETS 71,126 62,315

CAPITAL AND RESERVES
Called up share capital 10 1 1
Fair value reserve 11 38,305 38,305
Retained earnings 32,820 24,009
SHAREHOLDERS' FUNDS 71,126 62,315

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

JESS-SOPH PROPERTY LIMITED (REGISTERED NUMBER: 10567938)

BALANCE SHEET - continued
30 APRIL 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 director and authorised for issue on 22 April 2025 and were signed by:





Mr R J Morrey - Director


JESS-SOPH PROPERTY LIMITED (REGISTERED NUMBER: 10567938)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Jess-Soph Property 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.

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
The company acts as a lessor of a property and turnover includes income related to this activity, excluding value added tax. The rent is recognised in accordance with the terms of the lease agreements.

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.

3. EMPLOYEES AND DIRECTORS

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

JESS-SOPH PROPERTY LIMITED (REGISTERED NUMBER: 10567938)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 150,000
NET BOOK VALUE
At 30 April 2024 150,000
At 30 April 2023 150,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2022 47,290
Cost 102,710
150,000

In the opinion of the director, the current carrying value of the company's investment property is equal to its fair value.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 5,167 6,691
Other debtors 875 13,097
6,042 19,788

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans and overdrafts 9,566 9,305
Trade creditors 4,263 2,060
Taxation and social security 8,343 16,598
Other creditors 38,649 43,559
60,821 71,522

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Bank loans 19,451 29,102

JESS-SOPH PROPERTY LIMITED (REGISTERED NUMBER: 10567938)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

30/4/24 30/4/23
£    £   
Bank Loan 22,058 28,211

The bank loan is secured by a debenture on the assets of the company and a 1st legal charge against the Investment property.

9. PROVISIONS FOR LIABILITIES
30/4/24 30/4/23
£    £   
Deferred tax 8,985 8,985

Deferred
tax
£   
Balance at 1 May 2023 8,985
Balance at 30 April 2024 8,985

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/4/24 30/4/23
value: £    £   
1 Ordinary £1 1 1

11. RESERVES
Fair
value
reserve
£   
At 1 May 2023
and 30 April 2024 38,305

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30/4/24 30/4/23
£    £   
Mr R J Morrey
Balance outstanding at start of year 9,462 8,632
Amounts advanced - 16,420
Amounts repaid (9,598 ) (15,590 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (136 ) 9,462