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Company Registration No. 10671777 (England and Wales)
JLR Property Limited Unaudited accounts for the year ended 31 March 2024
JLR Property Limited Unaudited accounts Contents
Page
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JLR Property Limited Company Information for the year ended 31 March 2024
Director
Luke Roberts
Company Number
10671777 (England and Wales)
Registered Office
First Floor 85 Great Portland Street London W1W 7LT England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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JLR Property Limited Accountants' report
Accountants' report to the director of JLR Property Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of JLR Property Limited for the year ended 31 March 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of JLR Property Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of JLR Property Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JLR Property Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that JLR Property Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of JLR Property Limited. You consider that JLR 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 accounts of JLR 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 accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 7 August 2024
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JLR Property Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,744 
7,098 
Investment property
726,256 
630,292 
735,000 
637,390 
Current assets
Debtors
5,942 
3,942 
Cash at bank and in hand
8,539 
43,124 
14,481 
47,066 
Creditors: amounts falling due within one year
(218,369)
(331,798)
Net current liabilities
(203,888)
(284,732)
Total assets less current liabilities
531,112 
352,658 
Creditors: amounts falling due after more than one year
(516,753)
(347,415)
Net assets
14,359 
5,243 
Capital and reserves
Called up share capital
10 
10 
Revaluation reserve
119,286 
97,167 
Profit and loss account
(104,937)
(91,934)
Shareholders' funds
14,359 
5,243 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 August 2024 and were signed on its behalf by
Luke Roberts Director Company Registration No. 10671777
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JLR Property Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
JLR Property Limited is a private company, limited by shares, registered in England and Wales, registration number 10671777. The registered office is First Floor, 85 Great Portland Street, London, W1W 7LT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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JLR Property Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
12,959 
1,152 
14,111 
Additions
5,035 
- 
5,035 
At 31 March 2024
17,994 
1,152 
19,146 
Depreciation
At 1 April 2023
5,862 
1,151 
7,013 
Charge for the year
3,389 
- 
3,389 
At 31 March 2024
9,251 
1,151 
10,402 
Net book value
At 31 March 2024
8,743 
1 
8,744 
At 31 March 2023
7,097 
1 
7,098 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
630,292 
Additions
73,845 
Net gain from fair value adjustments
22,119 
At 31 March 2024
726,256 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
3,942 
3,942 
Other debtors
2,000 
- 
5,942 
3,942 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
56,895 
195,051 
Loans from directors
161,054 
136,327 
Accruals
420 
420 
218,369 
331,798 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
516,753 
347,415 
Aggregate of amounts that fall due for payment after five years
516,753 
347,415 
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JLR Property Limited Notes to the Accounts for the year ended 31 March 2024
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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