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REGISTERED NUMBER: 13645654 (England and Wales)







Unaudited Financial Statements

for the Year Ended 30 September 2024

for

JMJP Portfolio Nevil Ltd

JMJP Portfolio Nevil Ltd (Registered number: 13645654)






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


JMJP Portfolio Nevil Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Mr John Paddon





REGISTERED OFFICE: Whitehall Farm
Breadstone
Berkeley
GL13 9HE





REGISTERED NUMBER: 13645654 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

JMJP Portfolio Nevil Ltd (Registered number: 13645654)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 825,000 775,000

CURRENT ASSETS
Stocks 9,802 -
Debtors 5 - 468
Cash at bank 2,169 14,261
11,971 14,729
CREDITORS
Amounts falling due within one year 6 331,489 284,131
NET CURRENT LIABILITIES (319,518 ) (269,402 )
TOTAL ASSETS LESS CURRENT LIABILITIES 505,482 505,598

CREDITORS
Amounts falling due after more than one year 7 (564,988 ) (488,427 )

PROVISIONS FOR LIABILITIES - (9,924 )
NET (LIABILITIES)/ASSETS (59,506 ) 7,247

CAPITAL AND RESERVES
Called up share capital 9 1 1
Fair value reserve 10 101,842 41,919
Retained earnings 10 (161,349 ) (34,673 )
SHAREHOLDERS' FUNDS (59,506 ) 7,247

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.

JMJP Portfolio Nevil Ltd (Registered number: 13645654)

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 director and authorised for issue on 27 June 2025 and were signed by:





Mr John Paddon - Director


JMJP Portfolio Nevil Ltd (Registered number: 13645654)

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

1. STATUTORY INFORMATION

JMJP Portfolio Nevil 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.

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.

Work in progress
Work in progress reflects costs incurred to date.

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).

JMJP Portfolio Nevil Ltd (Registered number: 13645654)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 775,000
Revaluations 50,000
At 30 September 2024 825,000
NET BOOK VALUE
At 30 September 2024 825,000
At 30 September 2023 775,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2022 (23,158 )
Valuation in 2023 75,000
Valuation in 2024 50,000
Cost 723,158
825,000

If investment property had not been revalued it would have been included at the following historical cost:

30.9.24 30.9.23
£    £   
Cost 723,158 723,158

Investment property was valued on an open market basis on 30 September 2024 by the Director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Tax - 468

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other creditors 1,350 1,350
Directors' current accounts 327,705 281,131
Deferred income 700 -
Accrued expenses 1,734 1,650
331,489 284,131

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Other loans more 5yrs non-inst 564,988 488,427

JMJP Portfolio Nevil Ltd (Registered number: 13645654)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.9.24 30.9.23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 564,988 488,427

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Other loans 564,988 488,427

The loan is secured by a fixed charge on the investment property.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
1 Ordinary £1 1 1

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

At 1 October 2023 (34,673 ) 41,919 7,246
Deficit for the year (66,753 ) - (66,753 )
Assets revalued in period (59,923 ) 59,923 -
At 30 September 2024 (161,349 ) 101,842 (59,507 )

11. GOING CONCERN

The company is reliant on the support of its director and shareholders and having made appropriate enquiries, the director has considered the future cashflow of the company and is not aware of any reason why the company will not be able to meet its liabilities as they fall due for the foreseeable future. As a result the director has continued to adopt the going concern basis.