IRIS Accounts Production v25.1.4.42 10992559 Board of Directors Board of Directors 1.11.23 31.3.25 31.3.25 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh109925592023-10-31109925592025-03-31109925592023-11-012025-03-31109925592022-10-31109925592022-11-012023-10-31109925592023-10-3110992559ns15:EnglandWales2023-11-012025-03-3110992559ns14:PoundSterling2023-11-012025-03-3110992559ns10:Director12023-11-012025-03-3110992559ns10:Director22023-11-012025-03-3110992559ns10:PrivateLimitedCompanyLtd2023-11-012025-03-3110992559ns10:SmallEntities2023-11-012025-03-3110992559ns10:AuditExempt-NoAccountantsReport2023-11-012025-03-3110992559ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012025-03-3110992559ns10:SmallCompaniesRegimeForAccounts2023-11-012025-03-3110992559ns10:FullAccounts2023-11-012025-03-3110992559ns10:OrdinaryShareClass12023-11-012025-03-3110992559ns10:RegisteredOffice2023-11-012025-03-3110992559ns5:CurrentFinancialInstruments2025-03-3110992559ns5:CurrentFinancialInstruments2023-10-3110992559ns5:Non-currentFinancialInstruments2025-03-3110992559ns5:Non-currentFinancialInstruments2023-10-3110992559ns5:ShareCapital2025-03-3110992559ns5:ShareCapital2023-10-3110992559ns5:FurtherSpecificReserve3ComponentTotalEquity2025-03-3110992559ns5:FurtherSpecificReserve3ComponentTotalEquity2023-10-3110992559ns5:RetainedEarningsAccumulatedLosses2025-03-3110992559ns5:RetainedEarningsAccumulatedLosses2023-10-3110992559ns5:ComputerEquipment2023-11-012025-03-3110992559ns5:ComputerEquipment2023-10-3110992559ns5:ComputerEquipment2025-03-3110992559ns5:ComputerEquipment2023-10-3110992559ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3110992559ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3110992559ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2025-03-3110992559ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-10-3110992559ns5:Secured2025-03-3110992559ns5:Secured2023-10-3110992559ns10:OrdinaryShareClass12025-03-3110992559ns5:RetainedEarningsAccumulatedLosses2023-10-3110992559ns5:FurtherSpecificReserve3ComponentTotalEquity2023-10-3110992559ns5:RetainedEarningsAccumulatedLosses2023-11-012025-03-31
REGISTERED NUMBER: 10992559 (England and Wales)







Unaudited Financial Statements

for the Period 1 November 2023 to 31 March 2025

for

J & V Properties Ltd

J & V Properties Ltd (Registered number: 10992559)






Contents of the Financial Statements
for the Period 1 November 2023 to 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J & V Properties Ltd

Company Information
for the Period 1 November 2023 to 31 March 2025







DIRECTORS: Mr J A Jones
Mrs V L Jones





REGISTERED OFFICE: 1 Fenswood Mews
14 Fenswood Road
Long Ashton
Bristol
BS41 9FL





REGISTERED NUMBER: 10992559 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

J & V Properties Ltd (Registered number: 10992559)

Balance Sheet
31 March 2025

31.3.25 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 809 1,573
Investment property 5 1,960,000 1,825,000
1,960,809 1,826,573

CURRENT ASSETS
Debtors 6 129,584 2,575
Cash at bank 15,804 16,894
145,388 19,469
CREDITORS
Amounts falling due within one year 7 38,180 437,468
NET CURRENT ASSETS/(LIABILITIES) 107,208 (417,999 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,068,017 1,408,574

CREDITORS
Amounts falling due after more than one year 8 (1,121,300 ) (1,121,300 )

PROVISIONS FOR LIABILITIES (118,768 ) (66,917 )
NET ASSETS 827,949 220,357

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 368,629 285,278
Retained earnings 11 459,220 (65,021 )
SHAREHOLDERS' FUNDS 827,949 220,357

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 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.

J & V Properties Ltd (Registered number: 10992559)

Balance Sheet - continued
31 March 2025


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 17 July 2025 and were signed on its behalf by:




Mr J A Jones - Director



Mrs V L Jones - Director


J & V Properties Ltd (Registered number: 10992559)

Notes to the Financial Statements
for the Period 1 November 2023 to 31 March 2025

1. STATUTORY INFORMATION

J & V Properties 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33.33% on cost

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 period 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 period 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.

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 period was NIL (2023 - NIL).

J & V Properties Ltd (Registered number: 10992559)

Notes to the Financial Statements - continued
for the Period 1 November 2023 to 31 March 2025

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2023
and 31 March 2025 1,618
DEPRECIATION
At 1 November 2023 45
Charge for period 764
At 31 March 2025 809
NET BOOK VALUE
At 31 March 2025 809
At 31 October 2023 1,573

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 1,825,000
Revaluations 135,000
At 31 March 2025 1,960,000
NET BOOK VALUE
At 31 March 2025 1,960,000
At 31 October 2023 1,825,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2020 249,575
Valuation in 2021 102,621
Valuation in 2024 135,000
Cost 1,472,804
1,960,000

If Investment property had not been revalued it would have been included at the following historical cost:

31.3.25 31.10.23
£    £   
Cost 1,472,804 1,472,804

Investment property was valued on an open market basis on 31 March 2025 by the Directors .

J & V Properties Ltd (Registered number: 10992559)

Notes to the Financial Statements - continued
for the Period 1 November 2023 to 31 March 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.10.23
£    £   
Amounts owed by group undertakings 119,847 -
Other debtors 9,737 -
Directors' current accounts - 2,575
129,584 2,575

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.10.23
£    £   
Amounts owed to group undertakings - 435,362
Tax 4,613 522
Other creditors 9,737 -
Directors' current accounts 22,168 -
Accrued expenses 1,662 1,584
38,180 437,468

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.25 31.10.23
£    £   
Bank loans more 5 yrs non-inst 1,121,300 1,121,300

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,121,300 1,121,300

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.10.23
£    £   
Bank loans 1,121,300 1,121,300

10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.3.25 31.10.23
value: £    £   
100 Ordinary £1 100 100

J & V Properties Ltd (Registered number: 10992559)

Notes to the Financial Statements - continued
for the Period 1 November 2023 to 31 March 2025

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 November 2023 (65,021 ) 285,278 220,257
Profit for the period 607,592 607,592
Assets revalued in period (83,351 ) 83,351 -
At 31 March 2025 459,220 368,629 827,849

12. RELATED PARTY DISCLOSURES

As at 31 March 2025, J & V Properties Ltd was owed £119,847 (2024: -£435,362) from related parties.

These loans are interest free, repayable on demand and not secured against any assets.