REGISTERED NUMBER: 13224218 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

JGI Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Dalzell

C Dalzell

REGISTERED OFFICE:

147 Norton Road

Stockton-on-Tees

Co. Durham

TS18 2BG

REGISTERED NUMBER:

13224218 (England and Wales)

ACCOUNTANTS:

Little & Neal

37-38 Market Street

Ferryhill

Co. Durham

DL17 8JH

FIXED ASSETS

Investment property

4

188,751

115,000

CURRENT ASSETS

Debtors

5

553

10,188

Cash at bank

11,136

14,645

11,689

24,833

CREDITORS

Amounts falling due within one year

6

86,546

33,749

NET CURRENT LIABILITIES

(74,857

)

(8,916

)

TOTAL ASSETS LESS CURRENT LIABILITIES

113,894

106,084

CREDITORS

Amounts falling due after more than one year

7

95,900

100,400

NET ASSETS

17,994

5,684

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

17,992

5,682

17,994

5,684

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

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

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 3 August 2025 and were signed on its behalf by:

C Dalzell - Director

1.	STATUTORY INFORMATION

JGI 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.

Turnover

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

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 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 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

115,000

Additions

73,751

At 31 March 2025

188,751

NET BOOK VALUE

At 31 March 2025

188,751

At 31 March 2024

115,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

553

10,188

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

4,500

4,500

Taxation and social security

2,887

549

Other creditors

79,159

28,700

86,546

33,749

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

95,900

100,400

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

77,900

82,400

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

100,400

104,900

The bank loan is secured by a legal mortgage over the Investment Property.