Registered number
11069214
Jumping Properties Limited
Filleted Accounts for the year ended
30 November 2024
Jumping Properties Limited
Registered number: 11069214
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 559,950 559,652
Current assets
Debtors 5 18,017 600
Cash at bank and in hand 728 24,943
18,745 25,543
Creditors: amounts falling due within one year 6 (128,543) (144,568)
Net current liabilities (109,798) (119,025)
Total assets less current liabilities 450,152 440,627
Creditors: amounts falling due after more than one year 7 (269,071) (269,040)
Net assets 181,081 171,587
Capital and reserves
Called up share capital 2 2
Revaluation reserve 9 92,820 92,820
Profit and loss account 88,259 78,765
Shareholder's funds 181,081 171,587
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Horattas
Director
Approved by the board on 5 August 2025
Jumping Properties Limited
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
2 Investment property
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
4 Tangible fixed assets
Investment property
£
Fair value
At 1 December 2023 559,652
Additions 298
At 30 November 2024 559,950
Depreciation
At 30 November 2024 -
Fair value
At 30 November 2024 559,950
At 30 November 2023 559,652
Freehold land and buildings: 2024 2023
£ £
Historical cost 467,130 466,832
Cumulative depreciation based on historical cost - -
467,130 466,832
5 Debtors 2024 2023
£ £
Trade debtors 1,417 -
Loans owed by associated companies 16,600 600
18,017 600
6 Creditors: amounts falling due within one year 2024 2023
£ £
Rent deposit held 4,250 4,250
Director's loan account 122,063 138,138
Deferred income 1,300 1,250
Other creditors 930 930
128,543 144,568
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 229,071 229,040
Director's loan account 40,000 40,000
269,071 269,040
8 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 229,071 229,040
Bank loans are secured by way of a fixed charge over the property known as 223 Hertford Road, London, N9 7ER and by way of a charge over all buildings, fixtures and fittings, the related rights and the goodwill of any business conducted through the property.
9 Revaluation reserve 2024 2023
£ £
At 1 December 2023 92,820 92,820
At 30 November 2024 92,820 92,820
10 Related party transactions
As at 30 November 2024, the company was owed £16,600 by associated companies. £11,600 (2023 - £600) by Jelly Bean Nursery Ltd and £5,000 (2023 - £Nil) by NBK Investments Ltd.

Jelly Bean Nursery Ltd was previously called Funk Boss Ltd.

These are shown in Debtors.

These loans are made on an interest free basis and with no set repayment date.
11 Transactions with the director
As at 30 November 2024, the director had loaned the company £162,063 (2023 - £178,138).

This is included in other creditors.

The director will not seek repayment of his loan until the company has sufficient cash flow to enable it to do so.
12 Controlling party
As at the year end, the director N Horattas was the controlling party who holds 100% of the shares in the company.
13 Other information
Jumping Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Old Court Mews
311 Chase Road
London
N14 6JS
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