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REGISTERED NUMBER: 04077035 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

J & M PROPERTIES (LONDON) LTD.

J & M PROPERTIES (LONDON) LTD. (REGISTERED NUMBER: 04077035)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


J & M PROPERTIES (LONDON) LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: M Lipschutz





SECRETARY: M Lipschutz





REGISTERED OFFICE: 115 Craven Park Road
Stamford Hill
London
N15 6BL





REGISTERED NUMBER: 04077035 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

J & M PROPERTIES (LONDON) LTD. (REGISTERED NUMBER: 04077035)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,673 3,178
Investment property 5 2,329,460 2,329,460
2,332,133 2,332,638

CURRENT ASSETS
Debtors 6 315,907 516,642
Cash at bank 256,430 104,852
572,337 621,494
CREDITORS
Amounts falling due within one year 7 (350,045 ) (341,650 )
NET CURRENT ASSETS 222,292 279,844
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,554,425

2,612,482

CREDITORS
Amounts falling due after more than one
year

8

(1,489,709

)

(1,515,788

)
NET ASSETS 1,064,716 1,096,694

CAPITAL AND RESERVES
Called up share capital 10 2 2
Revaluation reserve 11 726,016 726,016
Retained earnings 11 338,698 370,676
SHAREHOLDERS' FUNDS 1,064,716 1,096,694

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.

J & M PROPERTIES (LONDON) LTD. (REGISTERED NUMBER: 04077035)

STATEMENT OF FINANCIAL POSITION - 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 10 July 2025 and were signed by:





M Lipschutz - Director


J & M PROPERTIES (LONDON) LTD. (REGISTERED NUMBER: 04077035)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

J & M Properties (London) 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.

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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 19,751 1,307 21,058
DEPRECIATION
At 1 October 2023 16,730 1,150 17,880
Charge for year 453 52 505
At 30 September 2024 17,183 1,202 18,385
NET BOOK VALUE
At 30 September 2024 2,568 105 2,673
At 30 September 2023 3,021 157 3,178

J & M PROPERTIES (LONDON) LTD. (REGISTERED NUMBER: 04077035)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 2,329,460
NET BOOK VALUE
At 30 September 2024 2,329,460
At 30 September 2023 2,329,460

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2015 726,016
Cost 1,603,444
2,329,460

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors - 1,582
Other debtors 315,907 515,060
315,907 516,642

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Taxation and social security 3,593 2,491
Other creditors 346,452 339,159
350,045 341,650

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 1,465,608 1,481,775
Other creditors 24,101 34,013
1,489,709 1,515,788

J & M PROPERTIES (LONDON) LTD. (REGISTERED NUMBER: 04077035)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. 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
Bank loans 1,250,355 1,250,338

Repayable by instalments
Bank loans more 5 yr by instal 47,024 55,707
Bank loans 45,403 47,765
Bank loans 122,826 127,965
Other loans more 5yrs instal 24,101 34,013
239,354 265,450

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 1,465,608 1,481,775
Other loans 24,101 34,013
1,489,709 1,515,788

1. The bank loans are secured by a first charge over the company's investment properties and bear interest at variable rates.

2. Under the bank loan, £24,101 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
2 Ordinary £1 2 2

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 October 2023 370,676 726,016 1,096,692
Deficit for the year (31,978 ) (31,978 )
At 30 September 2024 338,698 726,016 1,064,714

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Lipschutz.