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REGISTERED NUMBER: 13362735 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 April 2024

for

JACO PROPERTY LIMITED

JACO PROPERTY LIMITED (REGISTERED NUMBER: 13362735)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JACO PROPERTY LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs R C H Charles
W H P Charles





REGISTERED OFFICE: 100 Church Street
Brighton
East Sussex
BN1 1UJ





REGISTERED NUMBER: 13362735 (England and Wales)





ACCOUNTANTS: Paddenburg & Co Limited
100 Church Street
Brighton
East Sussex
BN1 1UJ

JACO PROPERTY LIMITED (REGISTERED NUMBER: 13362735)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1 -
Investment property 5 1,129,003 1,129,003
1,129,004 1,129,003

CURRENT ASSETS
Debtors 6 1,300 -
Cash at bank 6,363 10,053
7,663 10,053
CREDITORS
Amounts falling due within one year 7 150,373 321,367
NET CURRENT LIABILITIES (142,710 ) (311,314 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

986,294

817,689

CREDITORS
Amounts falling due after more than one
year

8

(610,187

)

(677,985

)

PROVISIONS FOR LIABILITIES 9 (8,745 ) (8,745 )
NET ASSETS 367,362 130,959

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 37,279 37,279
Retained earnings 329,983 93,580
367,362 130,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

JACO PROPERTY LIMITED (REGISTERED NUMBER: 13362735)

Balance Sheet - continued
30 April 2024


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 2 July 2024 and were signed on its behalf by:




Mrs R C H Charles - Director



W H P Charles - Director


JACO PROPERTY LIMITED (REGISTERED NUMBER: 13362735)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Jaco 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 (2023 - NIL).

JACO PROPERTY LIMITED (REGISTERED NUMBER: 13362735)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 1
At 30 April 2024 1
NET BOOK VALUE
At 30 April 2024 1

The above investment represents a B Ordinary share held within Charles Piton (London & Kent) Limited.
The share is non-equity, non-voting and gives right to a discretionary distribution only.

In the year, the company was in receipt of a dividend distribution totalling £229,903 (2023: £nil).

The companies are related by the virtue of being controlled by the same persons.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 1,129,003
NET BOOK VALUE
At 30 April 2024 1,129,003
At 30 April 2023 1,129,003

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2022 46,024
Cost 1,082,979
1,129,003

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,082,979 1,082,979

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,300 -

JACO PROPERTY LIMITED (REGISTERED NUMBER: 13362735)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 372 -
Tax 4,674 4,731
Charles Piton Ltd 27,111 27,111
Carter Revivals Ltd 115,004 115,004
Directors' loan accounts 1,772 173,081
Accrued expenses 1,440 1,440
150,373 321,367

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans 610,187 677,985

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 8,745 8,745

Deferred
tax
£   
Balance at 1 May 2023 8,745
Balance at 30 April 2024 8,745

10. ULTIMATE CONTROLLING PARTY

The company's directors each own half of the share capital, therefore, the company is not under the control of any one party.