| JAM PROPERTY INVESTMENTS LIMITED |
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| BALANCE SHEET |
| AS AT 30 SEPTEMBER 2024 |
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| These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities. |
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| For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. |
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| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
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| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
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| As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report. |
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| Signed on behalf of the board of directors |
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| P D Basham |
| Director |
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| Date approved by the board: 3 June 2025 |
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| JAM PROPERTY INVESTMENTS LIMITED |
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| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
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| 1 |
GENERAL INFORMATION |
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Jam Property Investments Limited is a private company limited by shares and incorporated in England and Wales. Its registered office and principal place of business are: |
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Registered office |
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Principal place of business |
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C9 Glyme Court |
The Bothy |
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Oxford Office Village |
Cams Hall Estate |
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Langford Lane |
Fareham |
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Kidlington |
Hampshire |
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Oxford |
PO16 8UT |
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OX5 1LQ |
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The financial statements are presented in Sterling, which is the functional currency of the company. |
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| 2 |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
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Basis of preparation of financial statements |
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These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006. |
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Revenue recognition |
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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…) |
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Financial Instruments |
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A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. |
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The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. |
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Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss |
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Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment. |
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Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately. |
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| JAM PROPERTY INVESTMENTS LIMITED |
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| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
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| 6 |
CREDITORS: Amounts falling due within one year |
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2024 |
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2023 |
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£ |
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£ |
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Bank loans and overdrafts |
38,079 |
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32,657 |
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Taxation and social security |
16,813 |
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7,776 |
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Accruals and deferred income |
2,224 |
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2,187 |
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Other creditors |
143,175 |
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143,175 |
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200,291 |
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185,795 |
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| 7 |
CREDITORS: Amounts falling due after more than one year |
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2024 |
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2023 |
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£ |
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£ |
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Bank loans and overdrafts |
132,915 |
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169,830 |
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| 8 |
SECURED DEBTS |
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The company's bankers hold fixed and floating charges dated 3 October 2018 and 25 October 2018 over all of the property of the company. |
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| 9 |
RELATED PARTY TRANSACTIONS |
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During the year, the following transactions with related parties took place: |
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Paul Basham Associates Limited |
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Connected undertaking |
2024 |
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2023 |
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£ |
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£ |
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Amount owed to connected undertaking at year end: |
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143,175 |
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143,175 |
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During the year under review, the company received rent of £52,000 (2023 - £48,000) from Paul Basham Associates Limited for the use of the investment property owned by the company. The rent is paid under a formal lease agreement on an arm's length basis. Paul Basham Associates Limited is under the control of P D Basham, a director of that company. M D Smith is also a director and shareholder of that company. |