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REGISTERED NUMBER: 04576548 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

JCR PROPERTIES LIMITED

JCR PROPERTIES LIMITED (REGISTERED NUMBER: 04576548)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JCR PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mr J Chimonas
Mr C A K Chimonas
Mrs R Chimonas





SECRETARY: Mrs R Chimonas





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 04576548 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

JCR PROPERTIES LIMITED (REGISTERED NUMBER: 04576548)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 910 1,137
Investment property 5 3,863,819 3,863,819
3,864,729 3,864,956

CURRENT ASSETS
Debtors 6 3,677 3,625
Cash at bank 60,556 -
64,233 3,625
CREDITORS
Amounts falling due within one year 7 476,849 590,802
NET CURRENT LIABILITIES (412,616 ) (587,177 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,452,113

3,277,779

CREDITORS
Amounts falling due after more than one
year

8

(1,357,207

)

(1,249,205

)

PROVISIONS FOR LIABILITIES 10 (108,455 ) (108,455 )
NET ASSETS 1,986,451 1,920,119

CAPITAL AND RESERVES
Called up share capital 11 5 5
Fair value reserve 746,045 746,045
Retained earnings 1,240,401 1,174,069
SHAREHOLDERS' FUNDS 1,986,451 1,920,119

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

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

JCR PROPERTIES LIMITED (REGISTERED NUMBER: 04576548)

BALANCE SHEET - continued
31 OCTOBER 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 11 February 2025 and were signed on its behalf by:





Mr J Chimonas - Director


JCR PROPERTIES LIMITED (REGISTERED NUMBER: 04576548)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

JCR 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.

Turnover
Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Investment properties
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 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 3 (2023 - 1 ) .

JCR PROPERTIES LIMITED (REGISTERED NUMBER: 04576548)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 November 2023
and 31 October 2024 24,940
DEPRECIATION
At 1 November 2023 23,803
Charge for year 227
At 31 October 2024 24,030
NET BOOK VALUE
At 31 October 2024 910
At 31 October 2023 1,137

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 3,863,819
NET BOOK VALUE
At 31 October 2024 3,863,819
At 31 October 2023 3,863,819

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2017 854,500
Cost 3,009,319
3,863,819

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Prepayments 3,677 3,625

JCR PROPERTIES LIMITED (REGISTERED NUMBER: 04576548)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts (see note 9) 123,647 300,741
Trade creditors - 340
Taxation 22,993 17,418
Other creditors 2,550 -
Director's current account 325,259 270,023
Accrued expenses 2,400 2,280
476,849 590,802

The bank loans and overdrafts are secured on the freehold properties.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans (see note 9) 1,357,207 1,249,205

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 986,267 466,380

9. LOANS

An analysis of the maturity of loans is given below:

31.10.24 31.10.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 39,799
Bank loans 123,647 260,942
123,647 300,741

Amounts falling due between two and five years:
Bank loans - 2-5 years 370,940 782,825

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 986,267 466,380

JCR PROPERTIES LIMITED (REGISTERED NUMBER: 04576548)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


10. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 108,455 108,455

Deferred
tax
£   
Balance at 1 November 2023 108,455
Balance at 31 October 2024 108,455

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
5 Ordinary £1 5 5