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Registration number: 13184347

JKW Property Investments Limited

Directors' Report and Unaudited Financial Statements

for the Year Ended 31 October 2024

 

JKW Property Investments Limited

(Registration number: 13184347)

Balance Sheet as at 31 October 2024

Note

31 October
2024
£

31 October
2023
£

Fixed assets

 

Tangible assets

3

222,473

-

Investment property

4

2,500,000

1,907,710

Investments

5

100

100

Other financial assets

6

2,136,520

1,571,352

 

4,859,093

3,479,162

Current assets

 

Debtors

7

158,597

37,445

Cash at bank and in hand

 

736,590

1,164,550

 

895,187

1,201,995

Creditors: Amounts falling due within one year

8

(112,098)

(115,328)

Net current assets

 

783,089

1,086,667

Total assets less current liabilities

 

5,642,182

4,565,829

Creditors: Amounts falling due after more than one year

8

(115,412)

-

Provisions for liabilities

(115,000)

-

Net assets

 

5,411,770

4,565,829

Capital and reserves

 

Called up share capital

9,000

9,000

Capital redemption reserve

1,000

1,000

Revaluation reserve

550,290

-

Retained earnings

4,851,480

4,555,829

Shareholders' funds

 

5,411,770

4,565,829

 

JKW Property Investments Limited

(Registration number: 13184347)

Balance Sheet as at 31 October 2024 (continued)

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 28 July 2025 and signed on its behalf by:
 

.........................................

N J C Wilson

Director

 

JKW Property Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

Accounting policies

Statutory information

JKW Property Investments Limited is a private company, limited by shares, domiciled in England and Wales, company number 13184347. The registered office is at The Manor House, 260 Ecclesall Road South, Sheffield, S11 9PS.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Going concern

After due consideration of all relevant factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for rental charges in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

JKW Property Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

1

Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Motor vehicles

25% reducing balance

Office equipment

33% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

 

JKW Property Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

1

Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is
presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.


2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 4).

3

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2023

-

-

-

-

Additions

45,600

2,104

221,355

269,059

At 31 October 2024

45,600

2,104

221,355

269,059

Depreciation

At 1 November 2023

-

-

-

-

Charge for the year

4,560

522

41,504

46,586

At 31 October 2024

4,560

522

41,504

46,586

Carrying amount

At 31 October 2024

41,040

1,582

179,851

222,473

At 31 October 2023

-

-

-

-

 

JKW Property Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

4

Investment properties

31 October
2024
£

At 1 November 2023

1,907,710

Fair value adjustments

592,290

At 31 October 2024

2,500,000

The investment property is considered to be stated at fair value by the directors having reference to property rental yeilds and property values in the same area. There has been no valuation of investment property by an independent valuer.

5

Investments

31 October
2024
£

31 October
2023
£

Investments in subsidiaries

100

100

Subsidiaries

£

Cost

At 1 November 2023 and 31 October 2024

100

Carrying amount

At 31 October 2023 and 31 October 2024

100

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

ABC 14812 Limited

England and Wales

Ordinary

100%

100%

JKW Property Maintenance Limited

England and Wales

Ordinary

100%

100%

 

JKW Property Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

5

Investments (continued)

Subsidiary undertakings

ABC 14812 Limited

The principal activity of ABC 14812 Limited is that of a dormant company.

JKW Property Maintenance Limited

The principal activity of JKW Property Maintenance Limited is that of a dormant company.

6

Other financial assets

Total
£

Non-current financial assets

Valuation

At 1 November 2023

1,571,352

Fair value adjustments

565,168

At 31 October 2024

2,136,520

Carrying amount

At 31 October 2024

2,136,520

At 31 October 2023

1,571,352

 

JKW Property Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

7

Debtors

2024
£

2023
£

Trade debtors

15,380

4,815

Other debtors

143,217

32,630

 

158,597

37,445

8

Creditors

2024
£

2023
£

Due within one year

HP and finance lease liabilities

43,621

-

Trade creditors

3,704

3,772

Taxation and social security

1,837

2,499

Accruals and deferred income

49,623

44,158

Other creditors

13,313

64,899

112,098

115,328

31 October
2024
£

31 October
2023
£

Due after one year

HP and finance lease liabilities

115,412

-

9

Financial commitments, guarantees and contingencies

Operating lease commitments

The total amount of financial commitments not included in the balance sheet is £49,710 (2023 - £Nil).