Jamie Anderson Property Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10386168 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

JAMIE ANDERSON

PROPERTY SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J Anderson

REGISTERED OFFICE:

Unit 7

Moore Road

South Leicester Industrial Estate

Ellistown

Leicestershire

LE67 1EU

REGISTERED NUMBER:

10386168 (England and Wales)

FIXED ASSETS

Tangible assets

4

-

291

Investment property

5

4,206,030

2,844,010

4,206,030

2,844,301

CURRENT ASSETS

Stocks

1,125,851

936,343

Debtors

6

113,837

147,262

Cash at bank

243,319

8,189

1,483,007

1,091,794

CREDITORS

Amounts falling due within one year

7

2,987,007

2,157,806

NET CURRENT LIABILITIES

(1,504,000

)

(1,066,012

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,702,030

1,778,289

CREDITORS

Amounts falling due after more than one year

8

(2,450,410

)

(1,564,347

)

PROVISIONS FOR LIABILITIES

-

(73

)

NET ASSETS

251,620

213,869

CAPITAL AND RESERVES

Called up share capital

10

Retained earnings

251,610

213,859

SHAREHOLDERS' FUNDS

251,620

213,869

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 16 June 2025 and were signed by:

Mr J Anderson - Director

1.	STATUTORY INFORMATION

Jamie Anderson Property Services Limited 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Fixtures and fittings

-

33% on cost

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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

COST

At 1 October 2023

and 30 September 2024

1,488

2,473

3,961

DEPRECIATION

At 1 October 2023

1,488

2,182

3,670

Charge for year

-

291

At 30 September 2024

1,488

2,473

3,961

NET BOOK VALUE

At 30 September 2024

-

At 30 September 2023

-

291

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2023

2,844,010

Additions

1,362,020

At 30 September 2024

4,206,030

NET BOOK VALUE

At 30 September 2024

4,206,030

At 30 September 2023

2,844,010

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

6,559

4,340

Other debtors

107,278

142,922

113,837

147,262

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

153,039

49,452

Trade creditors

7,738

5,703

Taxation and social security

12,414

13,904

Other creditors

2,813,816

2,088,747

2,987,007

2,157,806

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans

2,450,410

1,564,347

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

by instalment

1,849,177

1,373,548

1,849,177

1,373,548

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Bank loans

2,603,449

1,613,799

The bank loans are secured on the properties to which they relate.

10.	RELATED PARTY DISCLOSURES

At 30 September 2024 the amount owed to the director on their director's loan account was £544,871 (2023: £610,371).

At 30 September 2024 the amount owing to Test & Tacho Limited from the company was £40,000 (2023: £40,000). Mr J Anderson is a director and shareholder in Test & Tacho Limited.

At 30 September 2024 the amount owing to Andersons Property Services (Leicestershire) Limited from the company was £601,253 (2023: £581,253). Mr J Anderson is a director and shareholder in Andersons Property Services (Leicestershire) Limited.

At 30 September 2024 the amount owing to Andersons Commercials Ltd from the company was £674,573 (2023: £853,573). Mr J Anderson is a director and shareholder in Andersons Commercials Ltd.

At 30 September 2024 the amount owed from Jamie Anderson (Commercial Properties) Limited to the company was £106,580 (2023: £140,000). Mr J Anderson is a director and shareholder Jamie Anderson (Commercial Properties) Limited.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr J Anderson.