Registered number
10002596
Juss Properties Ltd
Unaudited
Filleted Accounts
31 March 2025
Juss Properties Ltd
Registered number: 10002596
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 842,609 862,890
Current assets
Cash at bank and in hand 68,628 10,743
Creditors: amounts falling due within one year 4 (15,186) (3,744)
Net current assets 53,442 6,999
Total assets less current liabilities 896,051 869,889
Creditors: amounts falling due after more than one year 5 (702,232) (702,232)
Net assets 193,819 167,657
Capital and reserves
Called up share capital 100 100
Profit and loss account 193,719 167,557
Shareholders' funds 193,819 167,657
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Patel
Director
Approved by the board on 3 August 2025
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2024 1,014,073
At 31 March 2025 1,014,073
Depreciation
At 1 April 2024 151,183
Charge for the year 20,281
At 31 March 2025 171,464
Net book value
At 31 March 2025 842,609
At 31 March 2024 862,890
4 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 14,170 2,743
Other creditors 1,016 1,001
15,186 3,744
5 Creditors: amounts falling due after one year 2025 2024
£ £
Amounts owed to associated parties 60,000 60,000
Other creditors 642,232 642,232
702,232 702,232
6 Loans from Directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
S Dattani
Unsecured (291,116) (30,000) - (321,116)
J Patel
Unsecured (291,116) (30,000) - (321,116)
(582,232) (60,000) - (642,232)
Loans of £642,232 (2022-£582,232) due to directors are included in Other Creditors (Note 6 above).Loans are reflected at transaction price. The loans are unsecured loans , have no specified terms of repayment and do not a carry interest.
7 Controlling party
No party has control of the Company.
8 Other information
Juss Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
31 Church Hill
Purley
Surrey
CR8 3QP
The financial statements are presented in Sterling, which is the functional currency of the company.
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