IRIS Accounts Production v25.1.3.33 13908029 director 1.3.24 28.2.25 28.2.25 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh139080292024-02-29139080292025-02-28139080292024-03-012025-02-28139080292023-02-28139080292023-03-012024-02-29139080292024-02-2913908029ns15:EnglandWales2024-03-012025-02-2813908029ns14:PoundSterling2024-03-012025-02-2813908029ns10:Director12024-03-012025-02-2813908029ns10:PrivateLimitedCompanyLtd2024-03-012025-02-2813908029ns10:SmallEntities2024-03-012025-02-2813908029ns10:AuditExempt-NoAccountantsReport2024-03-012025-02-2813908029ns10:SmallCompaniesRegimeForDirectorsReport2024-03-012025-02-2813908029ns10:SmallCompaniesRegimeForAccounts2024-03-012025-02-2813908029ns10:FullAccounts2024-03-012025-02-2813908029ns10:RegisteredOffice2024-03-012025-02-2813908029ns5:CurrentFinancialInstruments2025-02-2813908029ns5:CurrentFinancialInstruments2024-02-2913908029ns5:Non-currentFinancialInstruments2025-02-2813908029ns5:Non-currentFinancialInstruments2024-02-2913908029ns5:ShareCapital2025-02-2813908029ns5:ShareCapital2024-02-2913908029ns5:RetainedEarningsAccumulatedLosses2025-02-2813908029ns5:RetainedEarningsAccumulatedLosses2024-02-2913908029ns5:WithinOneYearns5:CurrentFinancialInstruments2025-02-2813908029ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2913908029ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2025-02-2813908029ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-02-29
REGISTERED NUMBER: 13908029 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

JURASSIC PORTFOLIOS 1 LIMITED

JURASSIC PORTFOLIOS 1 LIMITED (REGISTERED NUMBER: 13908029)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JURASSIC PORTFOLIOS 1 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTOR: K F Phoon





REGISTERED OFFICE: 15 West Street
Brighton
East Sussex
BN1 2RL





REGISTERED NUMBER: 13908029 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

JURASSIC PORTFOLIOS 1 LIMITED (REGISTERED NUMBER: 13908029)

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
Notes £    £   
FIXED ASSETS
Investment property 4 7,648,388 7,648,388

CURRENT ASSETS
Debtors 5 14,557 14,984
Cash at bank 3,615 8,222
18,172 23,206
CREDITORS
Amounts falling due within one year 6 (3,020,363 ) (3,211,913 )
NET CURRENT LIABILITIES (3,002,191 ) (3,188,707 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,646,197 4,459,681

CREDITORS
Amounts falling due after more than one year 7 (3,962,000 ) (3,962,000 )
NET ASSETS 684,197 497,681

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 684,097 497,581
684,197 497,681

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

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 director and authorised for issue on 1 June 2025 and were signed by:





K F Phoon - Director


JURASSIC PORTFOLIOS 1 LIMITED (REGISTERED NUMBER: 13908029)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025


1. STATUTORY INFORMATION

Jurassic Portfolios 1 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.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2024
and 28 February 2025 7,648,388
NET BOOK VALUE
At 28 February 2025 7,648,388
At 29 February 2024 7,648,388

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors - 223
Prepayments 14,557 14,761
14,557 14,984

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Amounts owed to associates 2,903,593 3,111,593
Tax 48,464 34,223
Directors' loan accounts 16,000 16,000
Accruals and deferred income 49,258 47,363
Accrued expenses 3,048 2,734
3,020,363 3,211,913

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans more 5 yrs non-inst 3,962,000 3,962,000

JURASSIC PORTFOLIOS 1 LIMITED (REGISTERED NUMBER: 13908029)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2025 2024
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 3,962,000 3,962,000

8. ACCOUNTING BASIS

As stated in the accounting policy note, these financial statements have been prepared on the basis that the company will continue to be a going concern. As at the year end the current liabilities exceeded current assets by £3,002,191 (2024: £3,188,707)

The validity of this basis depends upon the continued support of the company's director. The director confirms that he will give the required support.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, Mr K Phoon maintained his loan to the company. As at 28 February 2025, the company owed him £16,000 (2024: £16,000). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

10. RELATED PARTY DISCLOSURES

As at 28 February 2025, the company owed Jurassic Properties (Holdings) Limited £2,902,578 (2024: £3,110,578). All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand.

As at 28 February 2025, the company owed Early Investments Limited £1,015 (2024: £1,015). All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand.

Mr K Phoon is a director of Jurassic Properties (Holdings) Limited & Early Investments Limited.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Jurassic Properties (Holdings)Limited.

This was by virtue of their 100% holding of the issued share capital.