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REGISTERED NUMBER: 11579426 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

JTM Property Services Ltd

JTM Property Services Ltd (Registered number: 11579426)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JTM Property Services Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: G Vallance
L M Vallance





SECRETARY:





REGISTERED OFFICE: The Firs
Kirby Road
Kirby Bedon
Norwich
Norfolk
NR14 7DS





REGISTERED NUMBER: 11579426 (England and Wales)






JTM Property Services Ltd (Registered number: 11579426)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,704 2,272
Investment property 5 246,296 239,796
248,000 242,068

CURRENT ASSETS
Debtors 6 1,770 1,697
Cash at bank 564 1,420
2,334 3,117
CREDITORS
Amounts falling due within one year 7 99,746 95,491
NET CURRENT LIABILITIES (97,412 ) (92,374 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

150,588

149,694

CREDITORS
Amounts falling due after more than
one year

8

163,672

163,672
NET LIABILITIES (13,084 ) (13,978 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (13,184 ) (14,078 )
(13,084 ) (13,978 )

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 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.

JTM Property Services Ltd (Registered number: 11579426)

Balance Sheet - continued
30 September 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 27 June 2025 and were signed on its behalf by:





G Vallance - Director


JTM Property Services Ltd (Registered number: 11579426)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

JTM Property Services 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.

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

Motor Vehicles - 25% reducing balance

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 2 (2023 - 2 ) .

JTM Property Services Ltd (Registered number: 11579426)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 5,500
DEPRECIATION
At 1 October 2023 3,228
Charge for year 568
At 30 September 2024 3,796
NET BOOK VALUE
At 30 September 2024 1,704
At 30 September 2023 2,272

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 239,796
Additions 6,500
At 30 September 2024 246,296
NET BOOK VALUE
At 30 September 2024 246,296
At 30 September 2023 239,796

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 30 September 2024 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 1,770 1,697

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other creditors 99,746 95,491

JTM Property Services Ltd (Registered number: 11579426)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 163,672 163,672

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the directors Mr G D Vallance and Mrs L M Vallance £99,356 (2023 : £95,101).

There are no terms of repayments or interest.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors acting in concert.