Jaco Property Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 13362735 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

JACO PROPERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs R C H Charles

W H P Charles

REGISTERED OFFICE:

100 Church Street

Brighton

East Sussex

BN1 1UJ

REGISTERED NUMBER:

13362735 (England and Wales)

ACCOUNTANTS:

Paddenburg & Co Limited

100 Church Street

Brighton

East Sussex

BN1 1UJ

FIXED ASSETS

Investments

4

1

Investment property

5

1,129,003

1,129,004

CURRENT ASSETS

Debtors

6

165,227

1,300

Cash at bank

14,312

6,363

179,539

7,663

CREDITORS

Amounts falling due within one year

7

253,182

150,373

NET CURRENT LIABILITIES

(73,643

)

(142,710

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,055,361

986,294

CREDITORS

Amounts falling due after more than one
year

8

(542,388

)

(610,187

)

PROVISIONS FOR LIABILITIES

9

(8,745

)

(8,745

)

NET ASSETS

504,228

367,362

CAPITAL AND RESERVES

Called up share capital

100

Revaluation reserve

37,279

Retained earnings

466,849

329,983

504,228

367,362

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 10 September 2025 and were signed on its behalf by:

Mrs R C H Charles - Director

W H P Charles - Director

1.	STATUTORY INFORMATION

Jaco Property 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Turnover

Turnover represents amounts receivable for rents, on a time apportioned basis, from investment properties.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 May 2024

and 30 April 2025

1

NET BOOK VALUE

At 30 April 2025

1

At 30 April 2024

1

The above investment represents a B Ordinary share held within Charles Piton (London & Kent) Limited.

The share is non-equity, non-voting and gives right to a discretionary dividend distribution only.

In the year, the company's entitlement to dividends totalled £173,560 (2024: £229,903).

Mr W H P Charles and Mrs R C H Charles are directors and shareholders of both companies.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

and 30 April 2025

1,129,003

NET BOOK VALUE

At 30 April 2025

1,129,003

At 30 April 2024

1,129,003

Fair value at 30 April 2025 is represented by:

£

Valuation in 2022

46,024

Cost

1,082,979

1,129,003

If the investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

Cost

1,082,979

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

-

1,300

Accrued income

165,227

-

165,227

1,300

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

-

372

Tax

1,102

4,674

Charles Piton Ltd

130,771

27,111

Carter Revivals Ltd

115,004

Directors' loan accounts

3,849

1,772

Accrued expenses

2,456

1,440

253,182

150,373

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Other loans

542,388

610,187

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

8,745

Deferred

tax

£

Balance at 1 May 2024

8,745

Balance at 30 April 2025

8,745

10.	ULTIMATE CONTROLLING PARTY

The company's directors each own half of the share capital, therefore, the company is not under the control of any one party.