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REGISTERED NUMBER: 14516154 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

JOHN TERENCE PROPERTIES LIMITED

JOHN TERENCE PROPERTIES LIMITED (REGISTERED NUMBER: 14516154)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

JOHN TERENCE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: Mrs R Hauptman
Mrs C Higgins
Ms J Rotenberg
J M L Hauptman





REGISTERED OFFICE: Harben House Harben Parade
Finchley Road
London
NW3 6LH





REGISTERED NUMBER: 14516154 (England and Wales)





ACCOUNTANTS: Xeinadin Swiss Cottage Limited
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH

JOHN TERENCE PROPERTIES LIMITED (REGISTERED NUMBER: 14516154)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,766 1,000
Investments 5 100,000 100,000
Investment property 6 4,800,000 2,490,000
4,901,766 2,591,000

CURRENT ASSETS
Debtors 7 486 -
Cash at bank 12,597 84,304
13,083 84,304
CREDITORS
Amounts falling due within one year 8 1,756,552 2,057,540
NET CURRENT LIABILITIES (1,743,469 ) (1,973,236 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,158,297

617,764

PROVISIONS FOR LIABILITIES 381,612 -
NET ASSETS 2,776,685 617,764

CAPITAL AND RESERVES
Called up share capital 174,253 174,253
Share premium 415,747 415,747
Non-distributable fair value
reserve 9 1,354,862 -
Retained earnings 831,823 27,764
2,776,685 617,764

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

JOHN TERENCE PROPERTIES LIMITED (REGISTERED NUMBER: 14516154)

BALANCE SHEET - continued
31 JANUARY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2025 and were signed on its behalf by:





J M L Hauptman - Director


JOHN TERENCE PROPERTIES LIMITED (REGISTERED NUMBER: 14516154)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


1. STATUTORY INFORMATION

John Terence Properties Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

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.

In accordance with Section 16 of Investment Properties of FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", investment properties is measured at cost at initial recognition. The cost of a purchased investment property comprises its purchase price and any directly attributable expenditure such as legal, property transfer taxes and other transactions costs.

Investment properties are subsequently measured and included in the accounts at fair value at each year end. Any surplus or deficit on revaluation is recognised initially in the Statement of Comprehensive Income. All revaluation movements are transferred to a non-distributable reserve called "Non-distributable fair value reserve", unless a deficit below original cost, or its reversal, on an individual property is expected to be permanent in which case it remains in the profit and loss account reserve.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

JOHN TERENCE PROPERTIES LIMITED (REGISTERED NUMBER: 14516154)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2024 1,000
Additions 1,207
At 31 January 2025 2,207
DEPRECIATION
Charge for year 441
At 31 January 2025 441
NET BOOK VALUE
At 31 January 2025 1,766
At 31 January 2024 1,000

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2024
and 31 January 2025 100,000
NET BOOK VALUE
At 31 January 2025 100,000
At 31 January 2024 100,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2024 2,490,000
Additions 2,350,000
Revaluations (40,000 )
At 31 January 2025 4,800,000
NET BOOK VALUE
At 31 January 2025 4,800,000
At 31 January 2024 2,490,000

Fair value at 31 January 2025 is represented by:
£   
Valuation in 2025 (40,000 )
Cost 4,840,000
4,800,000

Investment properties were valued on an open market basis on 31 January 2025 by directors .

JOHN TERENCE PROPERTIES LIMITED (REGISTERED NUMBER: 14516154)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 486 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 326 -
Amounts owed to group undertakings 100,000 295,817
Tax 30,593 6,855
Other creditors 784,706 -
Rent Deposits 20,249 7,125
Directors' current accounts 807,781 1,743,432
Accrued expenses 12,897 4,311
1,756,552 2,057,540

9. RESERVES
Non-distributable
fair
value
reserve
£   
Fair valuation (40,000 )
Deferred tax on fair valuation 10,000
Transfer of fair value reserve 1,384,862

At 31 January 2025 1,354,862

10. RELATED PARTY DISCLOSURES

At the year end, all assets and liabilities transferred from subsidiary company John Terence and Co. Limited and the company will then be struck off.

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
JOHN TERENCE PROPERTIES LIMITED


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 John Terence Properties Limited for the year ended 31 January 2025 which comprise the Profit and Loss Account, 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 John Terence Properties Limited, 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 John Terence Properties Limited and state those matters that we have agreed to state to the Board of Directors of John Terence Properties Limited, 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 John Terence Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that John Terence Properties Limited 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 profit of John Terence Properties Limited. You consider that John Terence Properties Limited 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 John Terence Properties Limited. 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.






Xeinadin Swiss Cottage Limited
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH


24 July 2025