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REGISTERED NUMBER: 03843723 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th September 2024

for

JDA PROPERTY CO LIMITED

JDA PROPERTY CO LIMITED (REGISTERED NUMBER: 03843723)






Contents of the Financial Statements
for the Year Ended 30th September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JDA PROPERTY CO LIMITED

Company Information
for the Year Ended 30th September 2024







DIRECTORS: Mr C Christophorou
Mrs P Christophorou



SECRETARY: Mr C Christophorou



REGISTERED OFFICE: 41 St Thomas's Road
Chorley
Lancashire
PR71JE
PR7 1JE



REGISTERED NUMBER: 03843723 (England and Wales)



ACCOUNTANTS: BK Plus - Chorley
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE



BANKERS: Lloyds
23a Hardshaw Street
St Helens
Merseyside
WA10 1QZ

JDA PROPERTY CO LIMITED (REGISTERED NUMBER: 03843723)

Balance Sheet
30th September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,783 2,378
Investment property 5 1,890,000 1,890,000
1,891,783 1,892,378

CURRENT ASSETS
Debtors 6 6,357 3,891
Cash at bank 21,654 22,880
28,011 26,771
CREDITORS
Amounts falling due within one year 7 87,349 80,889
NET CURRENT LIABILITIES (59,338 ) (54,118 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,832,445

1,838,260

CREDITORS
Amounts falling due after more than one
year

8

(322,712

)

(352,893

)

PROVISIONS FOR LIABILITIES (75,800 ) (75,889 )
NET ASSETS 1,433,933 1,409,478

CAPITAL AND RESERVES
Called up share capital 10 100 100
Non-distributable reserves 568,815 568,815
Retained earnings 865,018 840,563
SHAREHOLDERS' FUNDS 1,433,933 1,409,478

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

JDA PROPERTY CO LIMITED (REGISTERED NUMBER: 03843723)

Balance Sheet - continued
30th 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 22nd April 2025 and were signed on its behalf by:




Mr C Christophorou - Director



Mrs P Christophorou - Director


JDA PROPERTY CO LIMITED (REGISTERED NUMBER: 03843723)

Notes to the Financial Statements
for the Year Ended 30th September 2024

1. STATUTORY INFORMATION

JDA Property Co 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 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. The financial statements have been prepared under the historical cost convention.

Revenue recognition
Revenue represents the value of amounts receivable for rents and management services for the total period of property occupation.

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 reducing balance
Computer equipment - 33.3% on cost

Investment property
Investment properties are properties held to earn rentals, they are initially measured at cost, including transaction costs. Subsequently they are then measured at fair value on an open market basis. Deferred tax is provided on these movements. Gains and losses arising from changes in fair value are included in the Statement of Income and Retained Earnings in the period in which they arise.

Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments’ of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


JDA PROPERTY CO LIMITED (REGISTERED NUMBER: 03843723)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024

2. ACCOUNTING POLICIES - continued
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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st October 2023
and 30th September 2024 4,240 649 4,889
DEPRECIATION
At 1st October 2023 1,862 649 2,511
Charge for year 595 - 595
At 30th September 2024 2,457 649 3,106
NET BOOK VALUE
At 30th September 2024 1,783 - 1,783
At 30th September 2023 2,378 - 2,378

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st October 2023
and 30th September 2024 1,890,000
NET BOOK VALUE
At 30th September 2024 1,890,000
At 30th September 2023 1,890,000

JDA PROPERTY CO LIMITED (REGISTERED NUMBER: 03843723)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024

5. INVESTMENT PROPERTY - continued

Fair value at 30th September 2024 is represented by:
£   
Valuation in 2018 382,327
Valuation in 2023 182,877
Cost 1,324,796
1,890,000

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

30.9.24 30.9.23
£    £   
Cost 1,324,796 1,324,796

Investment property was valued on an open market basis on 30th September 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 3,085 -
Prepayments and accrued income 3,272 3,891
6,357 3,891

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 30,643 28,875
Tax 26,072 22,526
Other creditors 26,772 26,772
Directors' loan accounts 2,146 946
Accruals and deferred income 1,716 1,770
87,349 80,889

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans - 1-2 years 32,218 30,228
Bank loans - 2-5 years 109,691 107,809
Bank loans more 5 yr by instal 180,803 214,856
322,712 352,893

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 180,803 214,856

JDA PROPERTY CO LIMITED (REGISTERED NUMBER: 03843723)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 353,355 381,768

Bank loans and overdrafts are secured by legal charges over the company's investment properties.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary £1 100 100

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr & Mrs C Christophorou.

Throughout the current and previous year, the above named directors have controlled the company by virtue of their 100% shareholding of the issued share capital.