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REGISTERED NUMBER: 09691358 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2023 TO 31 MARCH 2024

FOR

JAMS PROPERTIES LTD

JAMS PROPERTIES LTD (REGISTERED NUMBER: 09691358)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 August 2023 to 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JAMS PROPERTIES LTD

COMPANY INFORMATION
for the Period 1 August 2023 to 31 March 2024







DIRECTOR: M Jamshidi





REGISTERED OFFICE: Langley House
Park Road
London
N2 8EY





REGISTERED NUMBER: 09691358 (England and Wales)





ACCOUNTANTS: Accura Accountants Ltd
Langley House
Park Road
East Finchley
London
N2 8EY

JAMS PROPERTIES LTD (REGISTERED NUMBER: 09691358)

STATEMENT OF FINANCIAL POSITION
31 March 2024

31.3.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Investment property 4 1,171,374 1,171,374

CURRENT ASSETS
Debtors 5 5,795 -
Cash at bank 538 7,589
6,333 7,589
CREDITORS
Amounts falling due within one year 6 615,198 595,123
NET CURRENT LIABILITIES (608,865 ) (587,534 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

562,509

583,840

CREDITORS
Amounts falling due after more than one
year

7

554,007

571,186
NET ASSETS 8,502 12,654

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8,402 12,554
8,502 12,654

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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.

JAMS PROPERTIES LTD (REGISTERED NUMBER: 09691358)

STATEMENT OF FINANCIAL POSITION - continued
31 March 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 28 April 2025 and were signed by:





M Jamshidi - Director


JAMS PROPERTIES LTD (REGISTERED NUMBER: 09691358)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 August 2023 to 31 March 2024

1. STATUTORY INFORMATION

Jams Properties 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.

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.

The financial statements have been prepared on the going concern basis. The Statement of Financial Position shows net liabilities, the director is of the opinion that the shareholders will continue to support it and provide adequate funding when necessary to enable it to meet its obligations for the foreseeable future, being for a period of at least twelve months from the date of approval of the financial statements.

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.

This is a departure from the Companies Act which requires assets to be depreciated. However, in the opinion of the directors, property is held primarily for their investment potential and so fair value is of more significance as a measure of consumption. They therefore have applied a true and fair override with respect to investment properties.

The directors have made key assumptions in the determination of the fair value of an investment property in respect of the state of the property market in the location where the property is situated and in respect of the range of reasonable fair value estimates of the asset.

Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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 period was NIL (2023 - NIL).

JAMS PROPERTIES LTD (REGISTERED NUMBER: 09691358)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 August 2023 to 31 March 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 March 2024 1,171,374
NET BOOK VALUE
At 31 March 2024 1,171,374
At 31 July 2023 1,171,374

In the opinion of the director, there were no material movements between costs and market value at 31 March 2024.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.7.23
£    £   
Other debtors 5,795 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.7.23
£    £   
Trade creditors 651 650
Amounts owed to group undertakings 108,500 105,000
Taxation and social security 3,295 (2,854 )
Other creditors 502,752 492,327
615,198 595,123

Included within other creditors are accrued expenses of £1,200 (2023: £Nil).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.7.23
£    £   
Bank loans 554,007 571,186

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 554,007 571,186

8. SECURED DEBTS

Bank loans are secured against company's investment properties by way of fixed and floating charge.