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REGISTERED NUMBER: 11021458 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Jagger Property Limited

Jagger Property Limited (Registered number: 11021458)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Jagger Property Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: G L Hearn
J Hearn





REGISTERED OFFICE: 147a High Street
Waltham Cross
United Kingdom
Hertfordshire
EN8 7AP





REGISTERED NUMBER: 11021458 (England and Wales)





ACCOUNTANTS: Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
Hertfordshire
EN8 7AP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Jagger 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 Directors' Report 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 Jagger Property Limited for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, 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 Jagger 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 Jagger Property Limited and state those matters that we have agreed to state to the Board of Directors of Jagger 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 Jagger Property Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Jagger 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 Jagger Property Limited. You consider that Jagger 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 Jagger 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.






Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
Hertfordshire
EN8 7AP


19 August 2024

Jagger Property Limited (Registered number: 11021458)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,185,000 1,155,000

CURRENT ASSETS
Debtors 5 1,437 -
Cash at bank 33 64
1,470 64
CREDITORS
Amounts falling due within one year 6 198,893 211,321
NET CURRENT LIABILITIES (197,423 ) (211,257 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

987,577

943,743

CREDITORS
Amounts falling due after more than
one year

7

(790,917

)

(792,162

)

PROVISIONS FOR LIABILITIES (30,667 ) (24,967 )
NET ASSETS 165,993 126,614

CAPITAL AND RESERVES
Called up share capital 8 2 2
Fair value reserve 9 130,739 106,439
Retained earnings 35,252 20,173
SHAREHOLDERS' FUNDS 165,993 126,614

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Jagger Property Limited (Registered number: 11021458)

Statement of Financial Position - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by:





G L Hearn - Director


Jagger Property Limited (Registered number: 11021458)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Jagger 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 Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Jagger Property Limited (Registered number: 11021458)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,155,000
Revaluations 30,000
At 31 March 2024 1,185,000
NET BOOK VALUE
At 31 March 2024 1,185,000
At 31 March 2023 1,155,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2021 66,407
Valuation in 2022 40,000
Valuation in 2023 25,000
Valuation in 2024 30,000
Cost 1,023,593
1,185,000

Investment property was valued on an open market basis on 31 March 2024 by the company director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,437 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,268 1,237
Taxation and social security 4,006 3,025
Other creditors 193,619 207,059
198,893 211,321

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 790,917 792,162

Jagger Property Limited (Registered number: 11021458)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Interest-only mortgages 784,729 784,729

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Fair
value
reserve
£   
At 1 April 2023 106,439
Reserves movement 24,300

At 31 March 2024 130,739

10. RELATED PARTY DISCLOSURES

Jagger Property Limited is connected with G. Hearn Limited due to the companies having a common director. Included in other creditors is a loan balance due to G. Hearn Limited amounting to £14,243 (2023: £18,150). This balance is interest free and repayable on demand.