JLSPG LTD - Accounts to registrar (filleted) - small 18.2

JLSPG LTD - Accounts to registrar (filleted) - small 18.2

JLSPG LTD - Company Information

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REGISTERED NUMBER: 08936719 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

JLSPG LTD
JLSPG LTD (Registered number: 08936719)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JLSPG LTD

Company Information
for the Year Ended 31 March 2022







DIRECTOR: Mrs J Spencer





SECRETARY:





REGISTERED OFFICE: 14 Beaulieu Gardens
West Bridgford
Nottingham
Nottinghamshire
NG2 7TL





REGISTERED NUMBER: 08936719 (England and Wales)





ACCOUNTANTS: Tim Allatson Limited
4 Brompton Way
West Bridgford
Nottingham
Nottinghamshire
NG2 7SU
Page 1
JLSPG LTD (Registered number: 08936719)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 887 1,182
Investment property 5 550,000 550,000
550,887 551,182

CURRENT ASSETS
Cash at bank 22,696 29,099

CREDITORS
Amounts falling due within one year 6 308,975 354,986
NET CURRENT LIABILITIES (286,279 ) (325,887 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
264,608
225,295

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 9,341 9,341
Retained earnings 255,167 215,854
SHAREHOLDERS' FUNDS 264,608 225,295

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 4 May 2022 and were signed by:





Mrs J Spencer - Director


The notes form part of these financial statements

Page 2
JLSPG LTD (Registered number: 08936719)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

JLSPG LTD 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 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.

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.

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 NIL (2021 - NIL).

Page 3 continued...
JLSPG LTD (Registered number: 08936719)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021
and 31 March 2022 2,080
DEPRECIATION
At 1 April 2021 898
Charge for year 295
At 31 March 2022 1,193
NET BOOK VALUE
At 31 March 2022 887
At 31 March 2021 1,182

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2021
and 31 March 2022 550,000
NET BOOK VALUE
At 31 March 2022 550,000
At 31 March 2021 550,000

Fair value at 31 March 2022 is represented by:
£   
Valuation in 2020 9,341
Cost 540,659
550,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Taxation and social security 9,291 10,327
Other creditors 299,684 344,659
308,975 354,986

7. RESERVES
Revaluation
reserve
£   
At 1 April 2021
and 31 March 2022 9,341

Page 4 continued...
JLSPG LTD (Registered number: 08936719)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

8. RELATED PARTY DISCLOSURES

During the year a loan £296,971 (2021 £341,971) was owed by the company to the director, Mrs J Spencer. The loan is unsecured, non-interest bearing and repayable on demand.

Page 5