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Company No: 03152564 (England and Wales)

JSA PROPERTIES (UK) LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

JSA PROPERTIES (UK) LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

JSA PROPERTIES (UK) LIMITED

COMPANY INFORMATION

For the financial year ended 30 September 2024
JSA PROPERTIES (UK) LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 September 2024
DIRECTOR Leslie Steven Gilbert
REGISTERED OFFICE Treviot House
186-192 High Road
Ilford
IG1 1LR
United Kingdom
COMPANY NUMBER 03152564 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
JSA PROPERTIES (UK) LIMITED

BALANCE SHEET

As at 30 September 2024
JSA PROPERTIES (UK) LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Restated
Fixed assets
Tangible assets 3 831 1,108
Investment property 4 6,099,480 6,000,000
6,100,311 6,001,108
Current assets
Debtors 5 74,620 890,362
Cash at bank and in hand 54,361 5,010
128,981 895,372
Creditors: amounts falling due within one year 6 ( 2,592,358) ( 3,275,380)
Net current liabilities (2,463,377) (2,380,008)
Total assets less current liabilities 3,636,934 3,621,100
Provision for liabilities ( 607,821) ( 607,821)
Net assets 3,029,113 3,013,279
Capital and reserves
Called-up share capital 200 200
Fair value reserve 2,651,945 2,651,945
Profit and loss account 376,968 361,134
Total shareholder's funds 3,029,113 3,013,279

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of JSA Properties (UK) Limited (registered number: 03152564) were approved and authorised for issue by the Director on 26 June 2025. They were signed on its behalf by:

Leslie Steven Gilbert
Director
JSA PROPERTIES (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
JSA PROPERTIES (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 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

JSA Properties (UK) Limited (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 Treviot House, 186-192 High Road, Ilford, IG1 1LR, United Kingdom.

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

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The balance sheet at the end of the year recorded net current liabilities. However, the director believes that sufficient financial resources are available to the company to enable it to continue trading into the foreseeable future. Therefore, the financial statements have been prepared on a going concern basis.

Turnover

Turnover represents the total invoice value of rent receivable during the period excluding VAT where applicable.

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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is included at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost/Valuation
At 01 October 2023 61,908 61,908
At 30 September 2024 61,908 61,908
Accumulated depreciation
At 01 October 2023 60,800 60,800
Charge for the financial year 277 277
At 30 September 2024 61,077 61,077
Net book value
At 30 September 2024 831 831
At 30 September 2023 1,108 1,108

4. Investment property

Investment property
£
Valuation
As at 01 October 2023 6,000,000
Additions 99,480
As at 30 September 2024 6,099,480

Assumptions

The 2024 valuations were made by the director, on an open market value for existing use basis.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2024 2023
£ £
Historic cost 2,864,833 2,765,353

5. Debtors

2024 2023
£ £
Trade debtors 9,146 0
Amounts owed by Group undertakings 31,012 160,914
Other debtors 34,462 729,448
74,620 890,362

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 1,500,000 2,102,000
Trade creditors 1,430 6,688
Amounts owed to Group undertakings 923,038 1,108,409
Taxation and social security 1,168 13,407
Other creditors 166,722 44,876
2,592,358 3,275,380

Bank loans are secured on properties held within the business.

7. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Amounts Advanced 179,416 220,018
Amounts repaid (427,878) (209,688)

The loans to the director are repayable on demand. Interest is charged on loans at the official interest set by HMRC. The balance owed to the directors at the year end is £114,198.