Registered number
09970511
Jiva and Hussain Properties Ltd
Unaudited Filleted Accounts
31 January 2024
API Partnership Limited t/a Chandler & Georges
Chartered Accountants
75 Westow Hill
Crystal Palace
London
SE19 1TX
Ph: 0208 761 2213
www.cgca.co.uk
Jiva and Hussain Properties Ltd
Registered number: 09970511
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 302
Investments 4 1,440,000 1,370,000
1,440,000 1,370,302
Current assets
Debtors 5 2,776 2,590
Cash at bank and in hand 4,033 8,840
6,809 11,430
Creditors: amounts falling due within one year 6 (587,614) (574,507)
Net current liabilities (580,805) (563,077)
Total assets less current liabilities 859,195 807,225
Creditors: amounts falling due after more than one year 7 (709,726) (738,748)
Provisions for liabilities (35,170) (17,746)
Net assets 114,299 50,731
Capital and reserves
Called up share capital 10 10
Revaluation reserve 9 105,511 53,011
Profit and loss account 8,778 (2,290)
Shareholders' funds 114,299 50,731
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Mohamed Taiyeb Jiva
Director
Approved by the board on 21 October 2024
Jiva and Hussain Properties Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents rent charged to tenants.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 4 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 7,116
At 31 January 2024 7,116
Depreciation
At 1 February 2023 6,814
Charge for the year 302
At 31 January 2024 7,116
Net book value
At 31 January 2024 -
At 31 January 2023 302
4 Investments
Other
investments
£
Cost
At 1 February 2023 1,370,000
Revaluation 70,000
At 31 January 2024 1,440,000
Historical cost
At 1 February 2023 1,299,319
At 31 January 2024 1,299,319
5 Debtors 2024 2023
£ £
Trade debtors - 450
Other debtors 2,776 2,140
2,776 2,590
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,000 4,000
Trade creditors 2,984 2,171
Taxation and social security costs 2,649 860
Other creditors 577,981 567,476
587,614 574,507
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 709,726 738,748
8 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 704,392 729,415
The bank loans is secured against the below investment properties:

26 Somerset Road, Bolton, BL1 4NE
Flat 37 The Sorting House, 83 Newton Street, Manchester, M1 1EP
Apartment 139 City South, 39 City Road East, Manchester, M15 4QE.
Apartment 94 Vie Building 189, Water Street, Manchester, M3 4JE
Apartment 89 Vie Building 189, Water Street, Manchester, M3 4JE
Flat 4 The Ropeworks. 35 Little Peter Street, Manchester, M15 4QJ
Restated
9 Fair value reserve 2024 2023
£ £
At 1 February 2023 53,011 53,011
Gain on fair value movement in investment property 70,000 -
Deferred taxation arising on the fair value movement in investment property (17,500) -
At 31 January 2024 105,511 53,011
10 Related party transactions
Shazina Hussain Consultancy Ltd
Key management

Other creditors includes an amount £23,450 (2023 £23,150) owed to Shazina Hussain Consultancy Ltd, a company which Ms Shazina Hussain is a director and 100% shareholder.
11 Controlling party
The company is equally controlled by Ms Shazina Hussain and Mr Mohamed Taiyeb Jiva.
12 Other information
Jiva and Hussain Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
75 Westow Hill
Crystal Palace
London
SE19 1TX
Jiva and Hussain Properties Ltd 09970511 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts July 2024 Mr Mohamed Taiyeb Jiva No description of principal activity 09970511 2022-02-01 2023-01-31 09970511 core:InvestmentPropertiesRevaluationReserve 2022-02-01 2023-01-31 09970511 core:WithinOneYear 2023-01-31 09970511 core:AfterOneYear 2023-01-31 09970511 core:ShareCapital 2023-01-31 09970511 core:OtherReservesSubtotal 2023-01-31 09970511 core:RetainedEarningsAccumulatedLosses 2023-01-31 09970511 core:RevaluationReserve 2023-01-31 09970511 core:InvestmentPropertiesRevaluationReserve 2022-01-31 09970511 2023-02-01 2024-01-31 09970511 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09970511 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 09970511 bus:Director40 2023-02-01 2024-01-31 09970511 1 2023-02-01 2024-01-31 09970511 2 2023-02-01 2024-01-31 09970511 core:PlantMachinery 2023-02-01 2024-01-31 09970511 core:InvestmentPropertiesRevaluationReserve 2023-02-01 2024-01-31 09970511 countries:England 2023-02-01 2024-01-31 09970511 bus:FRS102 2023-02-01 2024-01-31 09970511 bus:FilletedAccounts 2023-02-01 2024-01-31 09970511 2024-01-31 09970511 core:WithinOneYear 2024-01-31 09970511 core:AfterOneYear 2024-01-31 09970511 core:ShareCapital 2024-01-31 09970511 core:OtherReservesSubtotal 2024-01-31 09970511 core:RetainedEarningsAccumulatedLosses 2024-01-31 09970511 core:PlantMachinery 2024-01-31 09970511 core:RevaluationsIncreaseDecreaseInInvestments 2024-01-31 09970511 core:RevaluationReserve 2024-01-31 09970511 2023-01-31 09970511 core:PlantMachinery 2023-01-31 09970511 core:InvestmentPropertiesRevaluationReserve 2023-01-31 iso4217:GBP xbrli:pure