REGISTERED NUMBER: 07887336 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

JUBILEE HOUSING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L Doyle

SECRETARY:

Mrs S J Doyle

REGISTERED OFFICE:

Moorfield House Church Street

Gildersome

Morley

Leeds

LS27 7AE

REGISTERED NUMBER:

07887336 (England and Wales)

ACCOUNTANTS:

Fortus Limited

3 Park Square East

Leeds

LS1 2NE

FIXED ASSETS

Investment property

4

520,000

384,000

CURRENT ASSETS

Debtors

5

3,957

5,396

Cash at bank

2,861

1,975

6,818

7,371

CREDITORS

Amounts falling due within one year

6

34,733

32,067

NET CURRENT LIABILITIES

(27,915

)

(24,696

)

TOTAL ASSETS LESS CURRENT LIABILITIES

492,085

359,304

CREDITORS

Amounts falling due after more than one year

7

(110,836

)

(123,836

)

PROVISIONS FOR LIABILITIES

8

(33,503

)

(1,440

)

NET ASSETS

347,746

234,028

CAPITAL AND RESERVES

Called up share capital

20

20

Revaluation reserve

142,879

14,942

Retained earnings

204,847

219,066

SHAREHOLDERS' FUNDS

347,746

234,028

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 director acknowledges his 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 director and authorised for issue on 25 September 2025 and were signed by:

L Doyle - Director

1.	STATUTORY INFORMATION

Jubilee Housing 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.

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

Significant judgements and estimates

In applying the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities. Estimates and assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The main judgement concerns the likely future demand for the company's products and how that impacts on the carrying value of stock. The director has based his judgement on his considerable experience and understanding of the product and its marketplace.

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 of £520,000. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The company enters into basic financial instrument transactions resulting in the recognition of financial assets and liabilities such as trade debtors and trade creditors, loans from banks and loans to and from related parties. Debt instruments that are payable or receivable within one year, typically trade debtors and trade creditors, are measured at the undiscounted constitutes a financing transaction, such as the payment of a trade debt beyond normal business terms or financed at a non-market rate of interest, the financial asset or liability is measured at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

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.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 January 2024

384,000

Additions

136,000

At 31 December 2024

520,000

NET BOOK VALUE

At 31 December 2024

520,000

At 31 December 2023

384,000

Revaluations of the properties were undertaken after the balance sheet date, but before the finalisation of the financial statements. Having regard to relevant market data, the director considers the revised values to also have been appropriate as at the balance sheet date.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,030

4,016

Prepayments

1,927

1,380

3,957

5,396

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts due to related undertaking

12,500

12,000

Trade creditors

323

-

Corporation tax

2,506

681

Directors loan

17,616

17,616

Accrued expenses

1,788

1,770

34,733

32,067

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Amounts due to related undertaking

110,836

123,836

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

33,503

1,440

Deferred

tax

£

Balance at 1 January 2024

1,440

Charge to Income Statement during year

32,063

Balance at 31 December 2024

33,503