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Registered Number: 07033962
England and Wales

 

 

 

JEM MANAGEMENT (GROUND RENTS) LTD



Abridged Accounts
 


Period of accounts

Start date: 01 October 2023

End date: 30 September 2024

Jem Management (Ground Rents) Ltd
Contents Page
For the year ended 30 September 2024

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Jem Management (Ground Rents) Ltd for the year ended 30 September 2024.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Jem Management (Ground Rents) Ltd for the year ended 30 September 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of Jem Management (Ground Rents) Ltd, as a body, in accordance with the terms of our engagement letter dated 21 November 2025. Our work has been undertaken solely to prepare for your approval the accounts of Jem Management (Ground Rents) Ltd and state those matters that we have agreed to state to the Board of Directors of Jem Management (Ground Rents) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jem Management (Ground Rents) Ltd and its Board of Directors as a body for our work or for this report. It is your duty to ensure that Jem Management (Ground Rents) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Jem Management (Ground Rents) Ltd. You consider that Jem Management (Ground Rents) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Jem Management (Ground Rents) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts 30 September 2024.




....................................................

PHS Associates Acc & Co Ltd
223 St. Albans Road
Watford
England
WD24 5BH
30 December 2025
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 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Tangible fixed assets 3 371,301    400,946 
371,301    400,946 
Current assets      
Debtors 472,124    486,150 
Cash at bank and in hand 19    108 
472,143    486,258 
Creditors: amount falling due within one year (254,467)   (707,473)
Net current assets 217,676    (221,215)
 
Total assets less current liabilities 588,977    179,731 
Creditors: amount falling due after more than one year (443,645)   (33,990)
Net assets 145,332    145,741 
 

Capital and reserves 		     
Called up share capital 550    500 
Revaluation Reserves 164,500    164,500 
Profit and loss account (19,718)   (19,259)
Shareholders' funds 145,332    145,741 
 


For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 30 December 2025 and were signed by:


-------------------------------
Dr Kalairajah Muthupalaniappan
Director
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General Information
Jem Management (Ground Rents) Ltd is a private company, limited by shares, registered in England and Wales, registration number 07033962, registration address 31 Thornford Road, London, England, SE13 6SG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25% Reducing Balance
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.

Average number of employees

Average number of employees during the year was 3 (2023 : 3).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Investment properties   Total
  £   £   £
At 01 October 2023 2,434    400,177    402,611 
Additions -    -    - 
Disposals -    (29,454)   (29,454)
At 30 September 2024 2,434    370,723    373,157 
Depreciation
At 01 October 2023 1,664    -    1,664 
Charge for year 192    -    192 
On disposals -    -    - 
At 30 September 2024 1,856    -    1,856 
Net book values
Closing balance as at 30 September 2024 578    370,723    371,301 
Opening balance as at 01 October 2023 769    400,177    400,946 


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