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REGISTERED NUMBER: 10933485 (England and Wales)



















JEEVES PROPERTIES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






JEEVES PROPERTIES LTD (REGISTERED NUMBER: 10933485)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


JEEVES PROPERTIES LTD (REGISTERED NUMBER: 10933485)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 1,828,660 680,000

CURRENT ASSETS
Debtors 5 1,040 -
Cash at bank 3,507 15,340
4,547 15,340
CREDITORS
Amounts falling due within one year 6 1,055,921 355,860
NET CURRENT LIABILITIES (1,051,374 ) (340,520 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

777,286

339,480

CREDITORS
Amounts falling due after more than one year 7 (806,970 ) (366,315 )

PROVISIONS FOR LIABILITIES (30,131 ) (30,131 )
NET LIABILITIES (59,815 ) (56,966 )

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 128,454 128,454
Retained earnings (188,369 ) (185,520 )
SHAREHOLDERS' FUNDS (59,815 ) (56,966 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

JEEVES PROPERTIES LTD (REGISTERED NUMBER: 10933485)

BALANCE SHEET - continued
31 AUGUST 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 May 2025 and were signed by:





Mr J Singh - Director


JEEVES PROPERTIES LTD (REGISTERED NUMBER: 10933485)

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

1. STATUTORY INFORMATION

Jeeves Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10933485

Registered office: 71 Knowl Piece
Wilbury Way
Hitchin
SG4 0TY

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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Going concern
The director has a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

Turnover
The company lets its investment property and turnover represents the rent received or receivable in the year; it excludes 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.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.


JEEVES PROPERTIES LTD (REGISTERED NUMBER: 10933485)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 680,000
Additions 1,148,660
At 31 August 2024 1,828,660
NET BOOK VALUE
At 31 August 2024 1,828,660
At 31 August 2023 680,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2022 158,585
Cost 1,670,075
1,828,660

JEEVES PROPERTIES LTD (REGISTERED NUMBER: 10933485)

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

4. INVESTMENT PROPERTY - continued

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

2024 2023
£    £   
Cost 1,670,075 521,415

Investment property was valued on an open market basis on 31 August 2024 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,040 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,122 1,122
Other creditors 1,054,799 354,738
1,055,921 355,860

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 806,970 366,315

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 806,970 366,315

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 806,970 366,315

The loan is secured by a fixed and floating charge over the company's assets.

JEEVES PROPERTIES LTD (REGISTERED NUMBER: 10933485)

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

9. RESERVES
Fair
value
reserve
£   
At 1 September 2023
and 31 August 2024 128,454

10. RELATED PARTY DISCLOSURES

J Singh
Company director.

At the balance sheet date, the director was owed £1 (2023: £1) from the company.

Jeeves Care Homes Ltd
A company in which the director is also a director.

At the balance sheet date, the amount owed to the related party was £NIL (2023: £353,615).

Jeeves Care Group Ltd
A company in which the director is also a director and shareholder.

At the balance sheet date, the amount owed to the related party was £603,239 (2023: £NIL).

Woodland Residential Care Home Ltd
A company in which the director is also a director.

At the balance sheet date, the amount owed to the related party was £360 (2023: £NIL).

Jeeves Holdings Ltd
A company in which the director is also a director and shareholder.

At the balance sheet date, the amount owed to the related party was £450,000 (2023: £NIL).