1 August 2023 false No description of principal activity Taxfiler 2024.6 12782526business:PrivateLimitedCompanyLtd2023-08-012024-07-31 127825262023-07-31 127825262023-08-012024-07-31 12782526business:AuditExemptWithAccountantsReport2023-08-012024-07-31 12782526business:FilletedAccounts2023-08-012024-07-31 127825262024-07-31 12782526business:Director12023-08-012024-07-31 12782526business:Director22023-08-012024-07-31 12782526business:RegisteredOffice2023-08-012024-07-31 127825262023-07-31 12782526core:WithinOneYear2024-07-31 12782526core:WithinOneYear2023-07-31 12782526core:AfterOneYear2024-07-31 12782526core:AfterOneYear2023-07-31 12782526core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 12782526core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 12782526core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 12782526core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 12782526core:PreviouslyStatedAmount2024-07-31 12782526core:PreviouslyStatedAmount2023-07-31 12782526business:SmallEntities2023-08-012024-07-31 12782526countries:EnglandWales2023-08-012024-07-31 12782526business:OrdinaryShareClass12023-08-012024-07-31 12782526business:OrdinaryShareClass12022-08-012023-07-31 12782526business:OrdinaryShareClass22023-08-012024-07-31 12782526business:OrdinaryShareClass22022-08-012023-07-31 12782526business:AllOrdinaryShares2023-08-012024-07-31 12782526business:AllOrdinaryShares2022-08-012023-07-31 127825262022-08-012023-07-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 12782526 (England and Wales)
Jhm Lettings Ltd Unaudited accounts for the year ended 31 July 2024
Jhm Lettings Ltd Unaudited accounts Contents
Page
- 2 -
Jhm Lettings Ltd Company Information for the year ended 31 July 2024
Directors
Mr Joe Henry Mullett Mrs Laura Mullett
Company Number
12782526 (England and Wales)
Registered Office
46-54 High Street Ingatestone Essex CM4 9DW United Kingdom
Accountants
Beckett Taylor Limited 63-66 Hatton Garden London EC1N 8LE
- 3 -
Jhm Lettings Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
- 
552,597 
Current assets
Inventories
173,000 
- 
Cash at bank and in hand
2,002 
147 
175,002 
147 
Creditors: amounts falling due within one year
(177,042)
(262,966)
Net current liabilities
(2,040)
(262,819)
Total assets less current liabilities
(2,040)
289,778 
Creditors: amounts falling due after more than one year
- 
(291,161)
Net liabilities
(2,040)
(1,383)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(2,140)
(1,483)
Shareholders' funds
(2,040)
(1,383)
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by
Mr Joe Henry Mullett Director Company Registration No. 12782526
- 4 -
Jhm Lettings Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Jhm Lettings Ltd is a private company, limited by shares, registered in England and Wales, registration number 12782526. The registered office is 46-54 High Street, Ingatestone, Essex, CM4 9DW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024 
£ 
Fair value at 1 August 2023
552,597 
Disposals
(552,597)
At 31 July 2024
- 
Reclassification of Property During the year, a property with a carrying value of £552,597 was reclassified from investment property to inventories. This reclassification reflects the company’s intention to develop and sell the property rather than hold it for long‑term investment.
- 5 -
Jhm Lettings Ltd Notes to the Accounts for the year ended 31 July 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
55,000 
- 
Other creditors
2,799 
- 
Loans from directors
118,583 
262,966 
Accruals
660 
- 
177,042 
262,966 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
291,161 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
50 A Ordinary shares of £1 each
50 
50 
50 B Ordinary shares of £1 each
50 
50 
100 
100 
8
Transactions with related parties
At the balance sheet date, the company owed £118,582.62 to a director. The loan is unsecured, interest‑free, and repayable on demand. The company also owed £2,800 to JHM Developments Ltd, a related party.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 6 -