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Registration number: 11206133

JH Property Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

JH Property Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

JH Property Holdings Limited

Company Information

Directors

Mr Raj Jilka

Mr Toby Hayes

Registered office

Kemp House
160 City Road
London
EC1V 2NX

Accountants

Phil Owen & Co Limited
Chartered Accountant22 Pall Mall
Liverpool
Merseyside
L3 6AL

 

JH Property Holdings Limited

(Registration number: 11206133)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

1,356,153

835,540

Current assets

 

Cash at bank and in hand

 

13,914

163,080

Creditors: Amounts falling due within one year

5

(440,692)

(413,298)

Net current liabilities

 

(426,778)

(250,218)

Total assets less current liabilities

 

929,375

585,322

Creditors: Amounts falling due after more than one year

5

(519,990)

(164,772)

Net assets

 

409,385

420,550

Capital and reserves

 

Called up share capital

6

20,000

20,000

Retained earnings

389,385

400,550

Shareholders' funds

 

409,385

420,550

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 May 2025 and signed on its behalf by:
 

.........................................
Mr Raj Jilka
Director

 

JH Property Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Kemp House
160 City Road
London
EC1V 2NX
England

These financial statements were authorised for issue by the Board on 27 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors.. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

JH Property Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Investment properties

2024
£

At 1 September

835,540

Additions

520,613

At 31 August

1,356,153

There has been no valuation of investment property by an independent valuer.

 

JH Property Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

8,016

-

Taxation and social security

 

-

950

Accruals and deferred income

 

900

900

Other creditors

 

431,776

411,448

 

440,692

413,298

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

519,990

164,772

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £519,990 (2023 - £152,490).

 

JH Property Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

20,000

20,000

20,000

20,000

       

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

152,490

164,772

Other borrowings

367,500

-

519,990

164,772

Current loans and borrowings

2024
£

2023
£

Bank borrowings

8,016

-

8

Related party transactions

Summary of transactions with other related parties

Mr T Hayes and Mr R Jilka Loans from shareholders

Loans from related parties

2024

Other related parties
£

Total
£

At start of period

411,448

411,448

Repaid

20,328

20,328

At end of period

431,776

431,776

 

JH Property Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

2023

Other related parties
£

Total
£

At start of period

423,849

423,849

Repaid

(12,401)

(12,401)

At end of period

411,448

411,448