REGISTERED NUMBER: 10019554 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

JSIP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P J Hunt

REGISTERED OFFICE:

Archer House

Britland Estate

Northbourne Road

Eastbourne

BN22 8PW

REGISTERED NUMBER:

10019554 (England and Wales)

ACCOUNTANTS:

Dominic Hill Associates Limited

Archer House

Britland Estate

Northbourne Road

Eastbourne

BN22 8PW

FIXED ASSETS

Investment property

4

511,000

490,462

CURRENT ASSETS

Debtors

5

120

1,344

Cash at bank

931

1,308

1,051

2,652

CREDITORS

Amounts falling due within one year

6

95,585

114,484

NET CURRENT LIABILITIES

(94,534

)

(111,832

)

TOTAL ASSETS LESS CURRENT LIABILITIES

416,466

378,630

CREDITORS

Amounts falling due after more than one year

7

360,299

361,549

NET ASSETS

56,167

17,081

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

8

80,174

59,636

Retained earnings

(24,107

)

(42,655

)

SHAREHOLDERS' FUNDS

56,167

17,081

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

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 26 September 2025 and were signed by:

P J Hunt - Director

1.	STATUTORY INFORMATION

Jsip Limited 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 the value of consideration received or receivable excluding any discounts or rebates.

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 NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

490,462

Revaluations

20,538

At 28 February 2025

511,000

NET BOOK VALUE

At 28 February 2025

511,000

At 29 February 2024

490,462

Fair value at 28 February 2025 is represented by:

£

Valuation in 2019

260,364

Valuation in 2021

59,636

Valuation in 2023

170,462

Valuation in 2025

20,538

511,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

120

1,344

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

1,249

1,219

Other creditors

94,336

113,265

95,585

114,484

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

360,299

361,549

8.

RESERVES

Fair

value

reserve

£

At 1 March 2024

59,636

Fair value valuation

20,538

At 28 February 2025

80,174

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within creditors is a loan from the Director. There are no terms attached to this loan.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is P J Hunt.