REGISTERED NUMBER: 08530605 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

JSY PROPERTIES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J Young

S J Young

Mrs S J Young

REGISTERED OFFICE:

Pottal Pool House

Teddesley Hay

Penkridge

Staffordshire

ST19 5RR

REGISTERED NUMBER:

08530605 (England and Wales)

ACCOUNTANTS:

Crombies Accountants Limited

Chartered Accountants

34 Waterloo Road

Wolverhampton

West Midlands

WV1 4DG

FIXED ASSETS

Investments

4

32,000

32,000

Investment property

5

190,500

191,000

222,500

223,000

CURRENT ASSETS

Cash at bank and in hand

1,255

247

CREDITORS

Amounts falling due within one year

6

49,557

52,929

NET CURRENT LIABILITIES

(48,302

)

(52,682

)

TOTAL ASSETS LESS CURRENT LIABILITIES

174,198

170,318

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

7

102,569

103,069

Retained earnings

71,529

67,149

SHAREHOLDERS' FUNDS

174,198

170,318

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

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

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 31 August 2025 and were signed on its behalf by:

J Young - Director

S J Young - Director

1.	STATUTORY INFORMATION

JSY 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2023 - NIL ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

32,000

NET BOOK VALUE

At 31 December 2024

32,000

At 31 December 2023

32,000

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

191,000

Revaluations

(500

)

At 31 December 2024

190,500

NET BOOK VALUE

At 31 December 2024

190,500

At 31 December 2023

191,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2016

40,219

Valuation in 2021

27,850

Valuation in 2022

27,500

Valuation in 2023

7,500

Valuation in 2024

(500

)

Cost

87,931

190,500

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

2024

2023

£

£

Cost

87,931

87,931

Investment property was valued on an open market value basis on 31 December 2024 by the directors .

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

4,750

7,750

Trade creditors

(1

)

(1

)

Amounts owed to group undertakings

-

345

Taxation and social security

1,145

361

Other creditors

43,663

44,474

49,557

52,929

7.

RESERVES

Fair

value

reserve

£

At 1 January 2024

103,069

Revaluation of freehold

property

(500

)

At 31 December 2024

102,569