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REGISTERED NUMBER: 12315414 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

JJR PROPERTY LTD

JJR PROPERTY LTD (REGISTERED NUMBER: 12315414)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

JJR PROPERTY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: J J Rowland
L P Armstrong





REGISTERED OFFICE: 4th Floor
18 St. Cross Street
London
EC1N 8UN





REGISTERED NUMBER: 12315414 (England and Wales)





ACCOUNTANTS: Hamble Accountancy Ltd
9 Kingfisher Close
Hamble
Southampton
SO31 4PE

JJR PROPERTY LTD (REGISTERED NUMBER: 12315414)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,278 749

CURRENT ASSETS
Stocks 5 1,122,057 664,627
Debtors 6 6,149 -
Cash in hand 76,579 275,982
1,204,785 940,609
CREDITORS
Amounts falling due within one year 7 980,317 602,053
NET CURRENT ASSETS 224,468 338,556
TOTAL ASSETS LESS CURRENT
LIABILITIES

227,746

339,305

CREDITORS
Amounts falling due after more than one
year

8

(28,495

)

(34,283

)

PROVISIONS FOR LIABILITIES (623 ) (142 )
NET ASSETS 198,628 304,880

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 198,528 304,780
SHAREHOLDERS' FUNDS 198,628 304,880

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

JJR PROPERTY LTD (REGISTERED NUMBER: 12315414)

BALANCE SHEET - continued
31 OCTOBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 July 2025 and were signed on its behalf by:




J J Rowland - Director



L P Armstrong - Director


JJR PROPERTY LTD (REGISTERED NUMBER: 12315414)

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

1. STATUTORY INFORMATION

JJR Property Ltd 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.

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 on a going concern basis and under the historical cost convention.

Turnover
Turnover represents the sales of properties net of value added tax. Turnover is recognised on exchange of contracts for each property.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 50% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

JJR PROPERTY LTD (REGISTERED NUMBER: 12315414)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 899
Additions 3,375
At 31 October 2024 4,274
DEPRECIATION
At 1 November 2023 150
Charge for year 846
At 31 October 2024 996
NET BOOK VALUE
At 31 October 2024 3,278
At 31 October 2023 749

5. STOCKS
31.10.24 31.10.23
£    £   
Work-in-progress 1,122,057 664,627

Work in progress represents one freehold property purchased for redevelopment & sale including associated redevelopment costs and one development site purchased for development & sale comprising land with planning permission and associated development costs.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
VAT 5,883 -
Prepayments and accrued income 266 -
6,149 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 5,723 5,573
Trade creditors 29,939 13,960
Social security and other taxes 568 -
Other creditors 340,955 571,438
Directors' current accounts 595,605 4,888
Accrued expenses 7,527 6,194
980,317 602,053

JJR PROPERTY LTD (REGISTERED NUMBER: 12315414)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

£340,955 (2023 £571,438) of other creditors relates to an interest bearing loan from Laphen Services Ltd, a co owned company.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans - 1-2 years 5,873 5,673
Bank loans - 2-5 years 18,518 17,618
Bank loans more 5 yr by instal 4,104 10,992
28,495 34,283

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,104 10,992

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24 31.10.23
£    £   
J J Rowland
Balance outstanding at start of year (4,888 ) (4,327 )
Amounts advanced 105,453 1,450,114
Amounts repaid (407,739 ) (1,450,675 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (307,174 ) (4,888 )

L P Armstrong
Balance outstanding at start of year - -
Amounts advanced 40,287 -
Amounts repaid (328,718 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (288,431 ) -

Directors' loans have been charged interest at the official rate where applicable.

10. RELATED PARTY DISCLOSURES

On 28th October 2024, the company purchased a development site with planning permission from James Rowland (Director and 50% shareholder) and Lucy Armstrong (Director and 50% shareholder) for £600,000, that being the open market value of the development site.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
JJR PROPERTY LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of JJR Property Ltd for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of JJR Property Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of JJR Property Ltd and state those matters that we have agreed to state to the Board of Directors of JJR Property Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JJR Property Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that JJR Property Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of JJR Property Ltd. You consider that JJR Property Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of JJR Property Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hamble Accountancy Ltd
9 Kingfisher Close
Hamble
Southampton
SO31 4PE


20 July 2025