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Registered Number: 04406381
England and Wales

 

 

 

I.P. JONES LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 October 2023

End date: 30 September 2024
Director D P Jones
Registered Number 04406381
Registered Office Brysig Bach
Pennant
Llanon
Ceredigion
SY23 5PG
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 520,000    520,000 
520,000    520,000 
Current assets      
Debtors 4 1,639    18,852 
Cash at bank and in hand 39,509    8,261 
41,148    27,113 
Creditors: amount falling due within one year 5 (3,559)   (4,264)
Net current assets 37,589    22,849 
 
Total assets less current liabilities 557,589    542,849 
Provisions for liabilities 6 (68,723)   (68,723)
Net assets 488,866    474,126 
 

Capital and reserves
     
Called up share capital 7 2    2 
Reserves 8 292,976    292,976 
Profit and loss account 195,888    181,148 
Shareholders' funds 488,866    474,126 
 


For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 05 June 2025 and were signed by:


-------------------------------
D P Jones
Director
2
General Information
I.P. Jones Limited is a private company, limited by shares, registered in England and Wales, registration number 04406381, registration address Brysig Bach, Pennant, Llanon, Ceredigion, SY23 5PG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Investment properties
Investment properties are included in the statement of financial position at their open market value at the statement of financial position date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the statement of financial position to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 01 October 2023 520,000    520,000 
Additions  
Disposals  
At 30 September 2024 520,000    520,000 
Depreciation
At 01 October 2023  
Charge for year  
On disposals  
At 30 September 2024  
Net book values
Closing balance as at 30 September 2024 520,000    520,000 
Opening balance as at 01 October 2023 520,000    520,000 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Other Debtors 1,639    18,852 
1,639    18,852 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors   984 
Corporation Tax   1,784 
Accrued Expenses 895    895 
Directors' Current Accounts 2,664    601 
3,559    4,264 

6.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 68,723    68,723 
68,723    68,723 

7.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
2 Ordinary shares of £1.00 each  
 

8.

Reserves

2024
£
  2023
£
Revaluation Reserve b/fwd 361,699    361,699 
Deferred Tax Provided on Revaluation (68,723)   (68,723)
292,976    292,976 

3