Registered number
05297687
J P Investments London Ltd
Filleted Accounts
31 July 2024
J P Investments London Ltd
Registered number: 05297687
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 6,909,341 6,915,871
Current assets
Debtors 4 1,954,161 1,125,161
Cash at bank and in hand 288,912 297,232
2,243,073 1,422,393
Creditors: amounts falling due within one year 5 (3,503,406) (3,415,186)
Net current liabilities (1,260,333) (1,992,793)
Total assets less current liabilities 5,649,008 4,923,078
Creditors: amounts falling due after more than one year 6 (4,017,383) (3,362,586)
Provisions for liabilities (104,914) -
Net assets 1,526,711 1,560,492
Capital and reserves
Called up share capital 100 100
Non-Distributable Reserve 8 314,744 419,658
Profit and loss account 1,211,867 1,140,734
Shareholder's funds 1,526,711 1,560,492
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J S Pandher
Director
Approved by the board on 29 April 2025
J P Investments London Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 August 2023 6,889,750 35,910 6,925,660
At 31 July 2024 6,889,750 35,910 6,925,660
Depreciation
At 1 August 2023 - 9,789 9,789
Charge for the year - 6,530 6,530
At 31 July 2024 - 16,319 16,319
Net book value
At 31 July 2024 6,889,750 19,591 6,909,341
At 31 July 2023 6,889,750 26,121 6,915,871
Investment Properties at fair value: 2024 2023
£ £
Cost 6,470,092 6,470,092
Valuation - 2012 (650,342) (650,342)
Valuation - 2017 490,000 490,000
Valualion - 2019 580,000 580,000
6,889,750 6,889,750
4 Debtors 2024 2023
£ £
Other debtors 1,954,161 1,125,161
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 376,860 185,700
Amounts owed to group undertakings and undertakings in which the company has a participating interest 2,975,666 3,041,807
Taxation and social security costs 56,003 93,740
Other creditors 94,877 93,939
3,503,406 3,415,186
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,017,383 3,362,586
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 4,394,243 3,548,286
Securities/ Guarantees have been provided by the Directors
8 Non-Distributable Reserve 2024 2023
£ £
At 1 August 2023 419,658 419,658
Deferred taxation arising on the revaluation of land and buildings (104,914) -
At 31 July 2024 314,744 419,658
9 Related party transactions
2024 2023
£ £
Director:
Amounts due to/ (from) the Related Party 2,387 -
10 Controlling party
The controlling party is Mr J S Pandher by virtue of his ownership of 100% of the issued share capital in the company.
11 Other information
J P Investments London Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 7, The Triangle Centre
Uxbridge Road
Southall
Middx.
UB1 3EJ
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