Jospe Properties Limited (Formally JPE Products Limited) - Period Ending 2019-01-31
Jospe Properties Limited (Formally JPE Products Limited) - Period Ending 2019-01-31
Registration number:
Jospe Properties Limited (Formally JPE Products Limited)
for the Year Ended 31 January 2019
Jospe Properties Limited (Formally JPE Products Limited)
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Jospe Properties Limited (Formally JPE Products Limited)
Company Information
Director |
Miss J M Eklund |
Registered office |
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Bankers |
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Accountants |
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Page 1 |
Jospe Properties Limited (Formally JPE Products Limited)
(Registration number: 10549558)
Balance Sheet as at 31 January 2019
Note |
2019 |
2018 |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Total equity |
( |
( |
Page 2 |
Jospe Properties Limited (Formally JPE Products Limited)
(Registration number: 10549558)
Balance Sheet as at 31 January 2019
For the financial year ending 31 January 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges her 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.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Miss J M Eklund
Director
Page 3 |
Jospe Properties Limited (Formally JPE Products Limited)
Notes to the Financial Statements for the Year Ended 31 January 2019
General information |
The company is a private company limited by share capital, incorporated in England .
The address of its registered office is:
The principal place of business is:
117 High Street
Newton-Le-Willows
Merseyside
WA12 9SL
England
These financial statements were authorised for issue by the
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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
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.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Page 4 |
Jospe Properties Limited (Formally JPE Products Limited)
Notes to the Financial Statements for the Year Ended 31 January 2019
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.
Creditors |
Creditors: amounts falling due within one year
2019 |
2018 |
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Due within one year |
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Accruals and deferred income |
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Other creditors |
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Related party transactions |
Transactions with directors |
2019 |
At 1 February 2018 |
Amounts drawn |
Amounts introduced |
Interest |
At 31 January 2019 |
Miss J M Eklund |
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Director's current account |
6,565 |
( |
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503 |
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2018 |
Amounts drawn |
Amounts introduced |
Interest |
At 31 January 2018 |
Miss J M Eklund |
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Director's current account |
( |
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129 |
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Page 5 |