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REGISTERED NUMBER: 09864555 (England and Wales)











Financial Statements

for the Year Ended 30 September 2023

for

JKO PROPERTY INVESTMENTS LIMITED

JKO PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 09864555)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JKO PROPERTY INVESTMENTS LIMITED

Company Information
for the Year Ended 30 September 2023







DIRECTOR: Mr R J J Jackson





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 09864555 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

JKO PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 09864555)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,076,573 655,000

CURRENT ASSETS
Debtors 5 26,518 25,726
Cash at bank 4,872 37,319
31,390 63,045
CREDITORS
Amounts falling due within one year 6 402,781 19,583
NET CURRENT (LIABILITIES)/ASSETS (371,391 ) 43,462
TOTAL ASSETS LESS CURRENT
LIABILITIES

705,182

698,462

CREDITORS
Amounts falling due after more than one year 7 (362,201 ) (379,822 )

PROVISIONS FOR LIABILITIES 10 (23,569 ) (17,319 )
NET ASSETS 319,412 301,321

CAPITAL AND RESERVES
Called up share capital 11 100 100
Non-distributable reserves 92,582 73,832
Retained earnings 226,730 227,389
SHAREHOLDERS' FUNDS 319,412 301,321

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.

JKO PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 09864555)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 December 2024 and were signed by:





Mr R J J Jackson - Director


JKO PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 09864555)

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

1. STATUTORY INFORMATION

JKO Property Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 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 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.

3. EMPLOYEES AND DIRECTORS

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

JKO PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 09864555)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 655,000
Additions 396,573
Revaluations 25,000
At 30 September 2023 1,076,573
NET BOOK VALUE
At 30 September 2023 1,076,573
At 30 September 2022 655,000

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2023 25,000
Cost 1,051,573
1,076,573

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other debtors 25,468 25,470
Prepayments 1,050 256
26,518 25,726

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts (see note 8) 12,470 14,896
Tax 226 206
Directors' current accounts 387,067 191
Accruals and deferred income 3,018 4,290
402,781 19,583

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans (see note 8) 362,201 379,822

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 312,320 321,166

JKO PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 09864555)

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

8. LOANS

An analysis of the maturity of loans is given below:

30.9.23 30.9.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 12,470 14,896

Amounts falling due between one and two years:
Bank loans - 1-2 years 12,470 14,896

Amounts falling due between two and five years:
Bank loans - 2-5 years 37,411 43,760

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 312,320 321,166

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank loans 374,671 394,718

Bank loans totalling £374,671 (2022: £394,718) are secured against investments to which they relate.

10. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£    £   
Deferred tax 23,569 17,319

Deferred
tax
£   
Balance at 1 October 2022 17,319
Provided during year 6,250
Balance at 30 September 2023 23,569

JKO PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 09864555)

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

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
75 A Ordinary £1 75 75
24 B Ordinary £1 24 24
1 C Ordinary £1 1 1
100 100

12. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors due within one year is £387,067 (2022: £191), due and payable to the director. The amount is interest free and repayable on demand.

As at the balance sheet date, the company was owed £25,469 (2022: £25,469) from Ibiza Properties Limited, a company which is related by virtue of its common ownership.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R J J Jackson.