REGISTERED NUMBER: 06853143 (England and Wales)

Unaudited Financial Statements For The Year Ended 31st August 2024

for

Jabdo Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Abdo

J Ahmed

Mrs H Abdo

REGISTERED OFFICE:

1st Floor

5 Century Court

Tolpits Lane

Watford

Hertfordshire

WD18 9PX

REGISTERED NUMBER:

06853143 (England and Wales)

ACCOUNTANTS:

Dua & Co. Limited

1st Floor

5 Century Court

Tolpits Lane

Watford

Hertfordshire

WD18 9PX

FIXED ASSETS

Intangible assets

4

101

127

Tangible assets

5

3,029,694

3,061,533

3,029,795

3,061,660

CURRENT ASSETS

Debtors

6

74,769

47,039

Investments

7

1,241,372

1,360,167

Cash at bank

6,735

8,676

1,322,876

1,415,882

CREDITORS

Amounts falling due within one year

8

211,234

282,926

NET CURRENT ASSETS

1,111,642

1,132,956

TOTAL ASSETS LESS CURRENT LIABILITIES

4,141,437

4,194,616

CREDITORS

Amounts falling due after more than one year

9

(3,601,301

)

(3,677,737

)

PROVISIONS FOR LIABILITIES

(102,258

)

(104,372

)

NET ASSETS

437,878

412,507

CAPITAL AND RESERVES

Called up share capital

110

110

Retained earnings

10

437,768

412,397

437,878

412,507

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

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

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 23rd May 2025 and were signed on its behalf by:

M Abdo - Director

1.	STATUTORY INFORMATION

Jabdo Properties Ltd 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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 etc

-

25% on reducing balance

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 3 (2023 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st September 2023

and 31st August 2024

945

AMORTISATION

At 1st September 2023

818

Charge for year

26

At 31st August 2024

844

NET BOOK VALUE

At 31st August 2024

101

At 31st August 2023

127

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1st September 2023

3,058,184

14,798

3,072,982

Additions

-

2,719

2,719

Disposals

(22,311

)

-

(22,311

)

Revaluations

(11,124

)

-

(11,124

)

At 31st August 2024

3,024,749

17,517

3,042,266

DEPRECIATION

At 1st September 2023

-

11,449

11,449

Charge for year

-

1,123

1,123

At 31st August 2024

-

12,572

12,572

NET BOOK VALUE

At 31st August 2024

3,024,749

4,945

3,029,694

At 31st August 2023

3,058,184

3,349

3,061,533

Cost or valuation at 31st August 2024 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2019

551,645

-

551,645

Valuation in 2022

(2,321

)

-

(2,321

)

Valuation in 2024

(11,124

)

-

(11,124

)

Cost

2,486,549

17,517

2,504,066

3,024,749

17,517

3,042,266

Cost or valuation of Land and buildings as at 31st August 2024 is £3,024,749 (2023 : £3,058,184)

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by participating interests

309

280

Other debtors

74,460

46,759

74,769

47,039

7.	CURRENT ASSET INVESTMENTS

2024

2023

£

£

Unlisted investments

1,241,372

1,360,167

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

66,828

66,828

Taxation and social security

8,588

11,909

Other creditors

135,818

204,189

211,234

282,926

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

1,810,799

1,810,799

Other creditors

1,790,502

1,866,938

3,601,301

3,677,737

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,810,799

1,810,799

10.

RESERVES

Retained

earnings

£

At 1st September 2023

412,397

Profit for the year

25,371

At 31st August 2024

437,768