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REGISTERED NUMBER: 03152564 (England and Wales)


















Unaudited Financial Statements for the Year Ended 30 September 2023

for

JSA Properties (UK) Limited

JSA Properties (UK) Limited (Registered number: 03152564)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


JSA Properties (UK) Limited (Registered number: 03152564)

Balance Sheet
30 September 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,108 1,477
Investment property 5 6,000,000 7,747,152
6,001,108 7,748,629

CURRENT ASSETS
Debtors 6 867,861 272,849
Cash at bank 5,010 114,120
872,871 386,969
CREDITORS
Amounts falling due within one year 7 (3,252,879 ) (3,234,829 )
NET CURRENT LIABILITIES (2,380,008 ) (2,847,860 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,621,100

4,900,769

PROVISIONS FOR LIABILITIES (607,821 ) (932,513 )
NET ASSETS 3,013,279 3,968,256

CAPITAL AND RESERVES
Called up share capital 200 200
Fair value reserve 9 2,651,945 3,745,740
Retained earnings 361,134 222,316
3,013,279 3,968,256

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

JSA Properties (UK) Limited (Registered number: 03152564)

Balance Sheet - continued
30 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 September 2024 and were signed by:





L S Gilbert - Director


JSA Properties (UK) Limited (Registered number: 03152564)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

JSA Properties (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03152564

Registered office: Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Turnover
Turnover represents the total invoice value of rent receivable during the period excluding VAT where applicable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Investment property
Investment property is included at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Going concern
The balance sheet at the end of the year recorded net current liabilities. However, the director believes that sufficient financial resources are available to the company to enable it to continue trading into the foreseeable future. Therefore, the financial statements have been prepared on a going concern basis.

JSA Properties (UK) Limited (Registered number: 03152564)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 61,908
DEPRECIATION
At 1 October 2022 60,431
Charge for year 369
At 30 September 2023 60,800
NET BOOK VALUE
At 30 September 2023 1,108
At 30 September 2022 1,477

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 7,747,152
Additions (1 )
Disposals (2,184,628 )
Revaluations 437,477
At 30 September 2023 6,000,000
NET BOOK VALUE
At 30 September 2023 6,000,000
At 30 September 2022 7,747,152

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2010 2,071,070
Valuation in 2012 (365,081 )
Valuation in 2013 (40,308 )
Valuation in 2014 75,330
Valuation in 2016 441,840
Valuation in 2017 189,058
Valuation in 2018 207,573
Valuation in 2019 77,778
Valuation in 2021 139,910
Valuation in 2023 437,477
Cost 2,765,353
6,000,000

JSA Properties (UK) Limited (Registered number: 03152564)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. INVESTMENT PROPERTY - continued

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

2023 2022
£    £   
Cost 2,765,353 3,094,018

The investment properties were valued on a fair value basis on 30 September 2023 by the director .

The valuation shown in the table above for 2010 includes all valuations up to the year 2010.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 1,428
Amounts owed by related parties 160,914 125,778
Other debtors 706,947 145,643
867,861 272,849

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,102,000 2,632,000
Trade creditors 6,687 4,915
Amounts owed to related parties 1,087,192 544,641
Taxation and social security 12,124 -
Other creditors 44,876 53,273
3,252,879 3,234,829

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 2,102,000 2,632,000

Bank loans are secured on properties held within the buisness.

9. RESERVES
Fair
value
reserve
£   
At 1 October 2022 3,745,740
Disposal of property (1,855,964 )
Fair value adjustment 437,477
Deferred tax 324,692

At 30 September 2023 2,651,945

JSA Properties (UK) Limited (Registered number: 03152564)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to the directors subsisted during the year ended 30 September 2023 and 30 September 2022
20232022
Director £   £   

Amounts Advanced220,018206,775
Amounts Repaid(232,188)(339,037)


The loans to the director are repayable on demand. Interest is charged on loans at the official interest set by HMRC.