JEREMY & ASSOCIATES REAL ESTATE LIMITED - Period Ending 2022-12-31

JEREMY & ASSOCIATES REAL ESTATE LIMITED

Contents

Company Information	1
Directors' Report	2
Profit and Loss Account	3
Statement of Comprehensive Income	4
Balance Sheet	5
Statement of Changes in Equity	6
Notes to the Unaudited Financial Statements	7 to 9

JEREMY & ASSOCIATES REAL ESTATE LIMITED

Company Information

Directors

Woodford Directors Limited Miss Sarah Ann Maria Trillo-Blanco

Company secretary

Woodford Services Limited

Registered office

3 The Shrubberies George Lane London E18 1BD

Accountants

ACCOUNTING 2 TREND LTD 3 The Shrubberies George Lane London E18 1BD

JEREMY & ASSOCIATES REAL ESTATE LIMITED

Directors' Report for the Year Ended 31 December 2022

The directors present their report and the financial statements for the year ended 31 December 2022.

Directors of the company

The directors who held office during the year were as follows:

Woodford Directors Limited

Miss Sarah Ann Maria Trillo-Blanco

Principal activity

The principal activity of the company is that of an investment property holder.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 12 June 2024 and signed on its behalf by:
 

......................................... Miss Sarah Ann Maria Trillo-Blanco Director

JEREMY & ASSOCIATES REAL ESTATE LIMITED

Profit and Loss Account for the Year Ended 31 December 2022

	Note	2022 £	2021 £
Turnover		-	-
Gross profit/(loss)		-	-
Administrative expenses		(1,000)	(750)
Operating loss		(1,000)	(750)
Loss before tax		(1,000)	(750)
Loss for the financial year		(1,000)	(750)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

JEREMY & ASSOCIATES REAL ESTATE LIMITED

Statement of Comprehensive Income for the Year Ended 31 December 2022

	2022 £	2021 £
Loss for the year	(1,000)	(750)
Total comprehensive income for the year	(1,000)	(750)

JEREMY & ASSOCIATES REAL ESTATE LIMITED

(Registration number: 03960433)
Balance Sheet as at 31 December 2022

	Note	2022 £	2021 £
Fixed assets
Investment property	4	536,667	536,667
Creditors: Amounts falling due within one year	5	(75,229)	(74,229)
Net assets		461,438	462,438
Capital and reserves
Called up share capital	6	536,668	536,668
Retained earnings		(75,230)	(74,230)
Shareholders' funds		461,438	462,438

For the financial year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 12 June 2024 and signed on its behalf by:
 

......................................... Miss Sarah Ann Maria Trillo-Blanco Director

JEREMY & ASSOCIATES REAL ESTATE LIMITED

Statement of Changes in Equity for the Year Ended 31 December 2022

	Share capital £	Profit and loss account £	Total £
At 1 January 2022	536,668	(74,230)	462,438
Loss for the year	-	(1,000)	(1,000)
Total comprehensive income	-	(1,000)	(1,000)
At 31 December 2022	536,668	(75,230)	461,438

	Share capital £	Profit and loss account £	Total £
At 1 January 2021	536,668	(73,480)	463,188
Loss for the year	-	(750)	(750)
Total comprehensive income	-	(750)	(750)
At 31 December 2021	536,668	(74,230)	462,438

JEREMY & ASSOCIATES REAL ESTATE LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
3 The Shrubberies
George Lane
London
E18 1BD
United Kingdom

These financial statements were authorised for issue by the Board on 12 June 2024.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

JEREMY & ASSOCIATES REAL ESTATE LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2021 - 1).

4	Investment properties

	2022 £
At 1 January	536,667

There has been no valuation of investment property by an independent valuer. The directors consider there have been no material changes to the value of the property.

5

Creditors

Creditors: amounts falling due within one year

	2022 £	2021 £
Due within one year
Accruals and deferred income	1,000	750
Other creditors	74,229	73,479
	75,229	74,229

6	Share capital

Allotted, called up and fully paid shares

	2022		2021
	No.	£	No.	£
Ordinary shares of £1 each	536,668	536,668	536,668	536,668

7	Related party transactions

Loans from related parties

2022	Other related parties £	Total £
At start of period	73,479	73,479
Advanced	750	750
At end of period	74,229	74,229

JEREMY & ASSOCIATES REAL ESTATE LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

2021	Other related parties £	Total £
At start of period	72,729	72,729
Advanced	750	750
At end of period	73,479	73,479

Terms of loans from related parties

Shareholder financing, interest free, no repayment date specified.