Jems Properties Limited - Accounts to registrar (filleted) - small 18.2

Jems Properties Limited - Accounts to registrar (filleted) - small 18.2

JEMS PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 06367024 (England and Wales)












JEMS PROPERTIES LIMITED

Unaudited Financial Statements

for the Year Ended 28 February 2019






JEMS PROPERTIES LIMITED (REGISTERED NUMBER: 06367024)






Contents of the Financial Statements
for the Year Ended 28 February 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JEMS PROPERTIES LIMITED

Company Information
for the Year Ended 28 February 2019







DIRECTORS: M Fowler
Mrs J Fowler





SECRETARY: M Fowler





REGISTERED OFFICE: East Park Farmhouse
East Park Lane
Newchapel
Lingfield
Surrey
RH7 6HS





REGISTERED NUMBER: 06367024 (England and Wales)





ACCOUNTANTS: The Bailey Partnership
Chartered Accountants
The Old Mill, Kings Mill
Kings Mill Lane
South Nutfield
Surrey
RH1 5NB
Page 1
JEMS PROPERTIES LIMITED (REGISTERED NUMBER: 06367024)

Balance Sheet
28 February 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 595,521 593,955
Investments 5 100 100
595,621 594,055

CURRENT ASSETS
Debtors 6 140,676 146,877
Cash at bank 69 2,606
140,745 149,483
CREDITORS
Amounts falling due within one year 7 139,528 149,957
NET CURRENT ASSETS/(LIABILITIES) 1,217 (474 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
596,838
593,581

CAPITAL AND RESERVES
Called up share capital 500,000 500,000
Retained earnings 96,838 93,581
SHAREHOLDERS' FUNDS 596,838 593,581

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 19 November 2019 and were signed on
its behalf by:





M Fowler - Director


The notes form part of these financial statements

Page 2
JEMS PROPERTIES LIMITED (REGISTERED NUMBER: 06367024)

Notes to the Financial Statements
for the Year Ended 28 February 2019

1. STATUTORY INFORMATION

Jems Properties 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

Page 3 continued...
JEMS PROPERTIES LIMITED (REGISTERED NUMBER: 06367024)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2019

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2018 593,467 650 594,117
Additions 1,688 - 1,688
At 28 February 2019 595,155 650 595,805
DEPRECIATION
At 1 March 2018 - 162 162
Charge for year - 122 122
At 28 February 2019 - 284 284
NET BOOK VALUE
At 28 February 2019 595,155 366 595,521
At 28 February 2018 593,467 488 593,955

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2018
and 28 February 2019 100
NET BOOK VALUE
At 28 February 2019 100
At 28 February 2018 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Other debtors 140,676 146,877

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Other creditors 139,528 149,957

Page 4