IRIS Accounts Production v25.1.0.734 13309865 director 1.8.23 31.7.24 31.7.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh133098652023-07-31133098652024-07-31133098652023-08-012024-07-31133098652022-03-31133098652022-04-012023-07-31133098652023-07-3113309865ns15:EnglandWales2023-08-012024-07-3113309865ns14:PoundSterling2023-08-012024-07-3113309865ns10:Director12023-08-012024-07-3113309865ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3113309865ns10:SmallEntities2023-08-012024-07-3113309865ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3113309865ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3113309865ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3113309865ns10:FullAccounts2023-08-012024-07-3113309865ns10:OrdinaryShareClass12023-08-012024-07-3113309865ns10:RegisteredOffice2023-08-012024-07-3113309865ns5:CurrentFinancialInstruments2024-07-3113309865ns5:CurrentFinancialInstruments2023-07-3113309865ns5:Non-currentFinancialInstruments2024-07-3113309865ns5:Non-currentFinancialInstruments2023-07-3113309865ns5:ShareCapital2024-07-3113309865ns5:ShareCapital2023-07-3113309865ns5:FurtherSpecificReserve3ComponentTotalEquity2024-07-3113309865ns5:FurtherSpecificReserve3ComponentTotalEquity2023-07-3113309865ns5:RetainedEarningsAccumulatedLosses2024-07-3113309865ns5:RetainedEarningsAccumulatedLosses2023-07-3113309865ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3113309865ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3113309865ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-07-3113309865ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-07-3113309865ns5:Secured2024-07-3113309865ns5:Secured2023-07-3113309865ns10:OrdinaryShareClass12024-07-3113309865ns5:FurtherSpecificReserve3ComponentTotalEquity2023-07-31
REGISTERED NUMBER: 13309865 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

JBM PROPERTY GROUP LTD

JBM PROPERTY GROUP LTD (REGISTERED NUMBER: 13309865)






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


JBM PROPERTY GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: M Shaw





REGISTERED OFFICE: 29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA





BUSINESS ADDRESS: Reed Pond House
Park Lane
Lambley
Nottingham
Nottinghamshire
NG4 4PY





REGISTERED NUMBER: 13309865 (England and Wales)





ACCOUNTANTS: Lemans
29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA

JBM PROPERTY GROUP LTD (REGISTERED NUMBER: 13309865)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Investment property 4 897,029 838,692

CURRENT ASSETS
Debtors 5 1,978 4,594
Cash at bank and in hand 29,965 12,751
31,943 17,345
CREDITORS
Amounts falling due within one year 6 413,782 319,638
NET CURRENT LIABILITIES (381,839 ) (302,293 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

515,190

536,399

CREDITORS
Amounts falling due after more than one
year

7

(288,563

)

(288,563

)

PROVISIONS FOR LIABILITIES (46,665 ) (61,934 )
NET ASSETS 179,962 185,902

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 139,997 185,802
Retained earnings 39,865 -
SHAREHOLDERS' FUNDS 179,962 185,902

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 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.

JBM PROPERTY GROUP LTD (REGISTERED NUMBER: 13309865)

BALANCE SHEET - continued
31 JULY 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 29 April 2025 and were signed by:





M Shaw - Director


JBM PROPERTY GROUP LTD (REGISTERED NUMBER: 13309865)

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

1. STATUTORY INFORMATION

Jbm Property Group 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.

Turnover
Turnover is recognised as rental income, and the sale of property.

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 1 (2023 - 2 ) .

JBM PROPERTY GROUP LTD (REGISTERED NUMBER: 13309865)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 838,692
Additions 119,410
Revaluations (61,073 )
At 31 July 2024 897,029
NET BOOK VALUE
At 31 July 2024 897,029
At 31 July 2023 838,692

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2024 897,029

Investment Properties are valued by the director at the balance sheet date at their open market value. The valuation was based on the present value of each property subject to the particular tenancy which was in force at that date.

The historical cost of the properties was £710,367 as at 31 July 2024 (2023 - £590,957).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors - 2,699
Prepayments 1,978 1,895
1,978 4,594

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Corporation tax 10,729 13,917
Other creditors 400,054 299,892
Deferred income - 3,380
Accrued expenses 2,999 2,449
413,782 319,638

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 288,563 288,563

JBM PROPERTY GROUP LTD (REGISTERED NUMBER: 13309865)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 288,563 288,563

The bank loan is secured by way of a fixed charge and negative charge.

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Fair
value
reserve
£   
At 1 August 2023 185,802
Fair value (45,805 )

At 31 July 2024 139,997

11. RELATED PARTY DISCLOSURES

Included within other debtors is an amount of £nil (2023 - £2,299) due from a connected company.

Included withing other creditors is an amount of £400,054 (2023 - £299,892) due to connected companies.