Jeremy Wetherall Properties Limited - Accounts to registrar (filleted) - small 22.3

Jeremy Wetherall Properties Limited - Accounts to registrar (filleted) - small 22.3

JEREMY WETHERALL PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 12193260 (England and Wales)















JEREMY WETHERALL PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022






JEREMY WETHERALL PROPERTIES LIMITED (REGISTERED NUMBER: 12193260)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 4


JEREMY WETHERALL PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2022







DIRECTOR: J Wetherall





REGISTERED OFFICE: Glebe Farm
Ashby De La Launde
Lincoln
United Kingdom
LN4 3JF





REGISTERED NUMBER: 12193260 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR
Page 1
JEREMY WETHERALL PROPERTIES LIMITED (REGISTERED NUMBER: 12193260)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 977,576 977,576

CURRENT ASSETS
Cash at bank 40,568 43,583

CREDITORS
Amounts falling due within one year 5 148,842 198,623
NET CURRENT LIABILITIES (108,274 ) (155,040 )
TOTAL ASSETS LESS CURRENT LIABILITIES 869,302 822,536

CREDITORS
Amounts falling due after more than one year 6 635,449 681,876
NET ASSETS 233,853 140,660

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 233,753 140,560
SHAREHOLDERS' FUNDS 233,853 140,660

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 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 18 January 2023 and were signed by:





J Wetherall - Director


The notes form part of these financial statements

Page 2
JEREMY WETHERALL PROPERTIES LIMITED (REGISTERED NUMBER: 12193260)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

1. STATUTORY INFORMATION

Jeremy Wetherall 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents property rental income received, excluding value added tax. Income is recognised in the period to which it relates.

Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2021
and 30 September 2022 977,576
NET BOOK VALUE
At 30 September 2022 977,576
At 30 September 2021 977,576

Page 3 continued...
JEREMY WETHERALL PROPERTIES LIMITED (REGISTERED NUMBER: 12193260)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 48,650 48,650
Amounts owed to group undertakings 72,633 53,230
Taxation and social security 11,801 9,178
Other creditors 15,758 87,565
148,842 198,623

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 635,449 681,876

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 440,849 487,276
440,849 487,276

7. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 684,099 730,526

Bank borrowings are secured by a fixed charge over the investment property within the company.

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

Page 4