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REGISTERED NUMBER: 09685314 (England and Wales)

















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

JATANIA PROPERTY LIMITED

JATANIA PROPERTY LIMITED (REGISTERED NUMBER: 09685314)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


JATANIA PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs P D Jatania
Mr D D Jatania





REGISTERED OFFICE: 505 Pinner Road
Harrow
Middlesex
HA2 6EH





REGISTERED NUMBER: 09685314 (England and Wales)





ACCOUNTANTS: STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
JATANIA PROPERTY LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jatania Property Limited for the year ended 31 March 2023 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Jatania Property Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Jatania Property Limited and state those matters that we have agreed to state to the Board of Directors of Jatania Property Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jatania Property Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Jatania Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jatania Property Limited. You consider that Jatania Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Jatania Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


16 October 2023

JATANIA PROPERTY LIMITED (REGISTERED NUMBER: 09685314)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,150,000 3,050,000

CURRENT ASSETS
Debtors 5 2,562,081 2,619,503
Investments 6 78,087 70,022
Cash at bank 789,435 16,316
3,429,603 2,705,841
CREDITORS
Amounts falling due within one year 7 447,137 137,369
NET CURRENT ASSETS 2,982,466 2,568,472
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,132,466

5,618,472

CREDITORS
Amounts falling due after more than one year 8 1,517,301 2,015,022
NET ASSETS 3,615,165 3,603,450

CAPITAL AND RESERVES
Called up share capital 11 100 100
Share premium 12 3,116,488 3,116,488
Retained earnings 12 498,577 486,862
SHAREHOLDERS' FUNDS 3,615,165 3,603,450

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

JATANIA PROPERTY LIMITED (REGISTERED NUMBER: 09685314)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2023


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 Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by:





Mr D D Jatania - Director


JATANIA PROPERTY LIMITED (REGISTERED NUMBER: 09685314)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Jatania Property 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.

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 represents rental income receivable and bridging loan interest receivable.

Turnover is recognised when the company has a right to consideration.

Investment property
Investment property whose fair value can be measured reliably without undue cost or effort shall be measured at fair value at each reporting date with changes in fair value 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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

JATANIA PROPERTY LIMITED (REGISTERED NUMBER: 09685314)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 3,050,000
Disposals (900,000 )
At 31 March 2023 2,150,000
NET BOOK VALUE
At 31 March 2023 2,150,000
At 31 March 2022 3,050,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2018 392,943
Valuation in 2019 (248,000 )
Valuation in 2020 (2,000 )
Cost 2,007,057
2,150,000

In the opinion of the directors the fair value of the investment property as at 31 March 2023 is not significantly different to that stated above.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,010,406 1,988,683
Other debtors 1,178,913 274,572
Directors' current accounts - 7,107
Prepayments and accrued income 372,762 349,141
2,562,081 2,619,503

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Other investments 78,087 70,022

JATANIA PROPERTY LIMITED (REGISTERED NUMBER: 09685314)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 31,300 30,300
Other loans (see note 9) 68,740 36,925
Tax 12,945 12,829
Social security and other taxes 3,968 3,219
Other creditors 271,353 3,633
Wages control 6,546 6,125
Directors' current accounts 22,539 -
Accruals and deferred income 29,746 44,338
447,137 137,369

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 1,272,967 1,851,948
Other loans (see note 9) 244,334 163,074
1,517,301 2,015,022

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 31,300 30,300
Other loans 68,740 36,925
100,040 67,225

Amounts falling due between one and two years:
Bank loans - 1-2 years 31,300 30,300
Other loans - 1-2 years 71,490 38,402
102,790 68,702

Amounts falling due between two and five years:
Bank loans 1,241,667 1,821,648
Other loans - 2-5 years 172,844 124,672
1,414,511 1,946,320

JATANIA PROPERTY LIMITED (REGISTERED NUMBER: 09685314)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,304,267 1,882,248

The existing bank loan was refinanced during the year. The new bank loan is secured by a fixed charge over the investment properties of the company. The bank loan is due for repayment in full by October 2025. The rate of interest is 2.47% above fixed rate for first three years thereafter 2.04% over base rate.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2022 486,862 3,116,488 3,603,350
Profit for the year 15,715 15,715
Dividends (4,000 ) (4,000 )
At 31 March 2023 498,577 3,116,488 3,615,065

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed £22,539 (2022; was owed £7,107 by) to the directors. The amount owed is interest-free and repayable on demand.

During the year the company paid dividends of £4,000 (2022: £6,400) to the directors.

JATANIA PROPERTY LIMITED (REGISTERED NUMBER: 09685314)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


14. RELATED PARTY DISCLOSURES

During the year the company paid consultancy fees of £Nil (2022: £5,000) to Landmark Property London Ltd, a company in which the directors' son has a beneficial interest.

Included within other creditors, is a loan of £265,000 (2022: £71,706 due from) due to Landmark Property London Ltd, a company in which the directors' son has a beneficial interest. The amount owed is interest free and recoverable on demand.

Included within other debtors, is a loan of £75,000 (2022: £14,200) due from Landmark Property (Acton) Ltd, a company in which the directors' son has a beneficial interest. The amount owed is interest free and recoverable on demand.

Included within other debtors, is a loan of £759,496 (2022: £108,596) due from Landmark Property (Ealing) Ltd, a company in which the directors' son has a beneficial interest. The amount owed is interest free and recoverable on demand.

Included within other debtors, is a loan of £358,740 (2022: £Nil) due from Landmark Property (SB) Ltd, a company in which the directors' daughter has a beneficial interest. The amount owed is interest free and recoverable on demand.

15. ULTIMATE CONTROLLING PARTY

The directors are the ultimate controlling party.