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REGISTERED NUMBER: 01044097 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 SEPTEMBER 2024

FOR

JAFTON PROPERTIES LIMITED

JAFTON PROPERTIES LIMITED (REGISTERED NUMBER: 01044097)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JAFTON PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 SEPTEMBER 2024







DIRECTORS: D J Bell
R W Martin
J P Matthews
D J K Trench





SECRETARY: D R Bell





REGISTERED OFFICE: Furnace House
Furnace Lane
Cowden
Kent
TN8 7JP





REGISTERED NUMBER: 01044097 (England and Wales)





ACCOUNTANTS: Charles Lamb
Chartered Accountants
3 Blacklands Crescent
Forest Row
East Sussex
RH18 5NN

JAFTON PROPERTIES LIMITED (REGISTERED NUMBER: 01044097)

STATEMENT OF FINANCIAL POSITION
28 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 365 784
Investments 5 3,316,979 2,150,052
Investment property 6 900,000 600,000
4,217,344 2,750,836

CURRENT ASSETS
Debtors 7 159,371 245,131
Cash at bank and in hand 3,457,158 4,103,939
3,616,529 4,349,070
CREDITORS
Amounts falling due within one year 8 118,805 194,014
NET CURRENT ASSETS 3,497,724 4,155,056
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,715,068

6,905,892

PROVISIONS FOR LIABILITIES 345,474 -
NET ASSETS 7,369,594 6,905,892

CAPITAL AND RESERVES
Called up share capital 25,578 25,578
Share premium 12,741 12,741
Retained earnings 7,331,275 6,867,573
SHAREHOLDERS' FUNDS 7,369,594 6,905,892

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 September 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.

JAFTON PROPERTIES LIMITED (REGISTERED NUMBER: 01044097)

STATEMENT OF FINANCIAL POSITION - continued
28 SEPTEMBER 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 17 October 2024 and were signed on its behalf by:





D J Bell - Director


JAFTON PROPERTIES LIMITED (REGISTERED NUMBER: 01044097)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 SEPTEMBER 2024

1. STATUTORY INFORMATION

Jafton Properties 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 10% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 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 4 (2023 - 4 ) .

JAFTON PROPERTIES LIMITED (REGISTERED NUMBER: 01044097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 29 September 2023
and 28 September 2024 17,279 13,930 31,209
DEPRECIATION
At 29 September 2023 16,495 13,930 30,425
Charge for year 419 - 419
At 28 September 2024 16,914 13,930 30,844
NET BOOK VALUE
At 28 September 2024 365 - 365
At 28 September 2023 784 - 784

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 29 September 2023 207 2,149,845 2,150,052
Additions - 1,499,518 1,499,518
Disposals - (777,108 ) (777,108 )
Revaluations - 444,517 444,517
At 28 September 2024 207 3,316,772 3,316,979
NET BOOK VALUE
At 28 September 2024 207 3,316,772 3,316,979
At 28 September 2023 207 2,149,845 2,150,052

JAFTON PROPERTIES LIMITED (REGISTERED NUMBER: 01044097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 SEPTEMBER 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 28 September 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2015 (3,739 ) 529,848 526,109
Valuation in 2016 - 194,232 194,232
Valuation in 2017 - 216,615 216,615
Valuation in 2018 - (58,416 ) (58,416 )
Valuation in 2019 - 19,206 19,206
Valuation in 2020 - (278,062 ) (278,062 )
Valuation in 2021 - 373,473 373,473
Valuation in 2022 - (417,439 ) (417,439 )
Valuation in 2023 - (97,155 ) (97,155 )
Valuation in 2024 - 444,517 444,517
Cost 3,946 2,389,953 2,393,899
207 3,316,772 3,316,979

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 29 September 2023 600,000
Additions 45,102
Revaluations 254,898
At 28 September 2024 900,000
NET BOOK VALUE
At 28 September 2024 900,000
At 28 September 2023 600,000

Fair value at 28 September 2024 is represented by:
£   
Valuation in 2015 214,707
Valuation in 2016 (65,535 )
Valuation in 2017 (42,531 )
Valuation in 2018 207,158
Valuation in 2019 (18,742 )
Valuation in 2020 (3,588 )
Valuation in 2021 (19,847 )
Valuation in 2022 2,173,127
Valuation in 2023 (2,124,818 )
Valuation in 2024 254,898
Cost 325,171
900,000

JAFTON PROPERTIES LIMITED (REGISTERED NUMBER: 01044097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 SEPTEMBER 2024

6. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 325,171 280,069

Investment property was valued on an open market basis basis on 28 September 2024 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 154,753 154,753
Other debtors 4,618 90,378
159,371 245,131

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 47,250 45,014
Taxation and social security 21,326 119,764
Other creditors 50,229 29,236
118,805 194,014

9. RELATED PARTY DISCLOSURES

During the year, the company has made consultancy payments to D J Bell and Bluewisp Limited of £5,000 and £21,600 respectively. Bluewisp Limited is a company owned wholly by J P Matthews.