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REGISTERED NUMBER: 12156750 (England and Wales)










JKP PROPERTY MGMT LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






JKP PROPERTY MGMT LTD (REGISTERED NUMBER: 12156750)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JKP PROPERTY MGMT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Mr J Patel





REGISTERED OFFICE: 1 Cliveden Walk
Nuneaton
CV11 4XJ





REGISTERED NUMBER: 12156750 (England and Wales)





ACCOUNTANTS: Shah & Co (Accountants) Ltd
Chartered Certified Accountants
Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB

JKP PROPERTY MGMT LTD (REGISTERED NUMBER: 12156750)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Investment property 4 581,070 334,985

CURRENT ASSETS
Cash at bank 8,451 39,308

CREDITORS
Amounts falling due within one year 5 (101,204 ) (83,885 )
NET CURRENT LIABILITIES (92,753 ) (44,577 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

488,317

290,408

CREDITORS
Amounts falling due after more than one
year

6

(496,266

)

(285,701

)
NET (LIABILITIES)/ASSETS (7,949 ) 4,707

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (8,049 ) 4,607
SHAREHOLDERS' FUNDS (7,949 ) 4,707

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

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

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 13 May 2025 and were signed by:




Mr J Patel - Director


JKP PROPERTY MGMT LTD (REGISTERED NUMBER: 12156750)

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

1. STATUTORY INFORMATION

Jkp Property Mgmt 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.

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 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 334,985
Additions 246,085
At 31 August 2024 581,070
NET BOOK VALUE
At 31 August 2024 581,070
At 31 August 2023 334,985

JKP PROPERTY MGMT LTD (REGISTERED NUMBER: 12156750)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Taxation and social security - 1,139
Other creditors 101,204 82,746
101,204 83,885

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 496,266 285,701

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 496,266 285,701

7. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 496,266 285,701

Bank loans are secured on the investment properties.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1 100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within the other creditors, the amount owed to the director is £ 72 (2023: £ 72). The loans are interest free and with no fixed date of repayment.

10. RELATED PARTY DISCLOSURES

Included within other creditors is a loan of £97,047 (2023: £80,000) outstanding from a company under common control. The loan is unsecured, interest free and has no set terms for repayment.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J Patel.