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REGISTERED NUMBER: 12834220 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

J Fitzpatrick Properties Ltd

J Fitzpatrick Properties Ltd (Registered number: 12834220)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

J Fitzpatrick Properties Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr M J Fitzpatrick
Mrs J L Fitzpatrick





REGISTERED OFFICE: 11 Vicarage Court
Holt
Wrexham
Wrexham Co. Borough
LL13 9AL





REGISTERED NUMBER: 12834220 (England and Wales)





ACCOUNTANTS: Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP

J Fitzpatrick Properties Ltd (Registered number: 12834220)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Investment property 4 250,000 240,000

CURRENT ASSETS
Cash at bank 38,657 15,448

CREDITORS
Amounts falling due within one year 5 97,912 70,933
NET CURRENT LIABILITIES (59,255 ) (55,485 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

190,745

184,515

CREDITORS
Amounts falling due after more than one
year

6

(131,483

)

(136,798

)

PROVISIONS FOR LIABILITIES (1,900 ) (4,180 )
NET ASSETS 57,362 43,537

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 8 61,360 49,080
Retained earnings 8 (4,000 ) (5,545 )
57,362 43,537

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 directors acknowledge their 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.

J Fitzpatrick Properties Ltd (Registered number: 12834220)

Balance Sheet - continued
31 August 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 Board of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by:





Mr M J Fitzpatrick - Director


J Fitzpatrick Properties Ltd (Registered number: 12834220)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

J Fitzpatrick 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 as modified by the revaluation of certain assets.

The directors have considered the basis for the preparation of the financial statements and consider the going concern basis to be the most suitable. The directors will continue to give financial support to the company for twelve months from the date of signing these financial statements. Therefore, the accounts have been prepared on the assumption that the company is thus able to carry on its business as a going concern.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Investment properties are initially recognised at cost. At the year-end, each property is revalued to fair value in order to reflect the market price.

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 NIL (2023 - NIL).

J Fitzpatrick Properties Ltd (Registered number: 12834220)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 240,000
Revaluations 10,000
At 31 August 2024 250,000
NET BOOK VALUE
At 31 August 2024 250,000
At 31 August 2023 240,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2021 5,852
Valuation in 2022 25,407
Valuation in 2023 22,000
Valuation in 2024 10,000
Cost 186,741
250,000

The investment property is initially recorded at cost. At each year end, the investment property is revalued to fair value in order to accurately reflect the market value at that time.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 5,315 5,315
Payments on account - 616
Other creditors 92,597 65,002
97,912 70,933

Included within the other creditors figure above is a loan balance owing to Northwest Contractors Limited, a company in which Mr M J Fitzpatrick is also a director. At the year end, the value of this loan account stood at £65,937 (2023 - £48,537) owing to Northwest Contractors Limited.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 131,483 136,798

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 118,615 120,001

J Fitzpatrick Properties Ltd (Registered number: 12834220)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 136,798 142,113

The security as recorded with Companies House is recorded under the following:

Charge code: 1283 4220 0001

Brief description
32 Butler Street, Shotton, Deeside, CH5 1AP
Contains negative pledge

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 September 2023 (5,545 ) 49,080 43,535
Profit for the year 11,545 11,545
Gross revaluation (10,000 ) 10,000 -
Deferred tax - 2,280 2,280
At 31 August 2024 (4,000 ) 61,360 57,360

9. RELATED PARTY DISCLOSURES

No dividends were paid to the directors during the year as was the case in 2023.

During the year both officers of the company accumulated funds within in-credit directors' loan accounts, which at the year end amounted to an amalgamated total of £26,076 (2023 - £15,934) owing to the directors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
J Fitzpatrick Properties Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J Fitzpatrick Properties Ltd for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of J Fitzpatrick Properties Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J Fitzpatrick Properties Ltd and state those matters that we have agreed to state to the Board of Directors of J Fitzpatrick Properties Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J Fitzpatrick Properties Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that J Fitzpatrick Properties Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J Fitzpatrick Properties Ltd. You consider that J Fitzpatrick Properties Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J Fitzpatrick Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP


Date: .............................................