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Company No: 12040579 (England and Wales)

JARJAR PROPERTIES LTD

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

JARJAR PROPERTIES LTD

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

JARJAR PROPERTIES LTD

COMPANY INFORMATION

For the financial year ended 31 March 2024
JARJAR PROPERTIES LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTORS R L J Wordley
L B Wordley
REGISTERED OFFICE Grosvenor House Hawksworth Road
Central Park
Telford
TF2 9TU
United Kingdom
COMPANY NUMBER 12040579 (England and Wales)
ACCOUNTANT S&W Partners LLP
103 Colmore Row
Birmingham
B3 3AG
JARJAR PROPERTIES LTD

BALANCE SHEET

As at 31 March 2024
JARJAR PROPERTIES LTD

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 3,793,600 1,551,600
3,793,600 1,551,600
Current assets
Debtors 4 9,238 3,150
Cash at bank and in hand 936 10,915
10,174 14,065
Creditors: amounts falling due within one year 5 ( 2,271,471) ( 650,236)
Net current liabilities (2,261,297) (636,171)
Total assets less current liabilities 1,532,303 915,429
Creditors: amounts falling due after more than one year 6 ( 2,047,000) ( 1,211,102)
Net liabilities ( 514,697) ( 295,673)
Capital and reserves
Called-up share capital 2 2
Revaluation reserve 52,062 52,062
Profit and loss account ( 566,761 ) ( 347,737 )
Total shareholder's deficit ( 514,697) ( 295,673)

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

Directors' responsibilities:

The financial statements of JarJar Properties Ltd (registered number: 12040579) were approved and authorised for issue by the Board of Directors on 16 June 2025. They were signed on its behalf by:

R L J Wordley
Director
JARJAR PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
JARJAR PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

JarJar Properties Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Grosvenor House, Hawksworth Road, Teleford, TF2 9TU.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of JarJar Properties Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by external valuers and derived from current market rent and investment property yields for comparable real estate, adjusted if necessary, for any difference in nature, location or condition of the specific property.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.
Financial liabilities are derecognised when the Company’s contractual obligations expire or are discharged or cancelled.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Investment property

Investment property
£
Valuation
As at 01 April 2023 1,551,600
Additions 2,242,000
As at 31 March 2024 3,793,600

4. Debtors

2024 2023
£ £
Trade debtors 7,386 420
Prepayments 1,852 2,730
9,238 3,150

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 9,601 11,239
Amounts owed to Group undertakings (note 7) ( 48,210) 197,497
Amounts owed to directors (note 7) 1,689,829 288,669
Other loans 210,300 0
Accruals and deferred income 18,030 14,510
Other creditors 391,921 138,321
2,271,471 650,236

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other loans 2,047,000 1,211,102

7. Related party transactions

Transactions with the entity’s directors (or members of its governing body)

Amounts owed to directors

2024 2023
£ £
Directors' Loan Account 1,689,829 288,669