J & PP Consulting Limited Accounts

J & PP CONSULTING LIMITED - Company Information






J & PP Consulting Limited

	Company No. 05656605
		Information for Filing with The Registrar
		31 December 2019

The Directors present their report and the accounts for the year ended 31 December 2019.

Principal activities
The principal activity of the company during the year under review was property letting and investment and provide consultancy services.




Directors

The Directors who served at any time during the year were as follows:

J. Patel
P. Patel




































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

J. Patel
Director
22 June 2020

at	31 December 2019
Company No.		05656605	Notes	2019	2018
				£	£
Fixed assets

	Tangible assets		3	5,507	5,043
	Investment property		4	636,336	537,040

				641,843	542,083
Current assets

	Debtors		5	117,679	19,394

	Cash at bank and in hand			30,759	85,203
				148,438	104,597
Creditors: Amount falling due within one year			6	(25,470)	(14,763)
Net current assets				122,968	89,834
Total assets less current liabilities				764,811	631,917
Creditors: Amounts falling due after more than one year			7	(474,359)	(410,359)



Net assets				290,452	221,558

Capital and reserves
	Called up share capital			100	100

	Revaluation reserve		8	5,671	5,671

	Profit and loss account		8	284,681	215,787

Total equity				290,452	221,558



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 December 2019 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 22 June 2020
And signed on its behalf by:
J. Patel
Director
22 June 2020

for the year ended 31 December 2019

General information

Its registered number is: 05656605

Its registered office is:

60 Ladysmith Road

Enfield

Middlesex

EN1 3AA

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006. The March 2018 edition of FRS 102 includes amendments arising from the Financial Reporting Council's triennial review of the standard. There is no material effect on the amounts recognised in these financial statements as a result of early adopting these amendments.

Accounting policies

Turnover

Turnover comprises the fair value of the consideration received or receivable for provision of services in the ordinary courses of the company's activities. Turnover is shown ne of the sales/value added tax, returns, rebates and discounts.

The company recognises revenue when customers are invoiced for their consultancy.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Furniture, fittings and equipment

15% Reducing balance

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation
		At 1 January 2019	11,295	11,295
		Additions	1,304	1,304



		At 31 December 2019	12,599	12,599
		Depreciation
		At 1 January 2019	6,252	6,252
		Charge for the year	840	840



		At 31 December 2019	7,092	7,092
		Net book values
		At 31 December 2019	5,507	5,507
		At 31 December 2018	5,043	5,043

4	Investment property
			Freehold Investment Property
			£
		Valuation
		At 1 January 2019	537,040
		Additions	99,296


		At 31 December 2019	636,336

5	Debtors
			2019	2018
			£	£
		Trade debtors	9,570	9,285




		Loans to directors	30,718	-
		Other debtors	77,391	10,109

			117,679	19,394

6	Creditors:
		amounts falling due within one year
			2019	2018
			£	£






		Corporation tax	19,751	9,255
		Other taxes and social security	4,843	4,068


		Accruals and deferred income	876	1,440
			25,470	14,763

7	Creditors:
		amounts falling due after more than one year
			2019	2018
			£	£

		Bank loans and overdrafts	418,030	354,030
		Other loans	56,329	56,329





			474,359	410,359

8	Reserves
			Revaluation Reserve	Total other reserves
			£	£
		At 1 January 2018	5,671	5,671



		At 31 December 2018 and 1 January 2019	5,671	5,671



		At 31 December 2019	5,671	5,671

		Revaluation reserve - reflects the revaluation of property other than investment properties.


		Profit and loss account - includes all current and prior period retained profits and losses.

9	Dividends
			2019	2018
			£	£
		Dividends for the period:
		Dividends paid in the period	16,000	4,000

			16,000	4,000

		Dividends by type:

		Equity dividends	16,000	4,000
			16,000	4,000