Jain Estates Limited

	Page
Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3—6

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Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: 08369895

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		6,849,689		6,726,389

			6,849,689		6,726,389
CURRENT ASSETS
Debtors	5	864,349		778,900
Cash at bank and in hand		89,707		5,469

		954,056		784,369
Creditors: Amounts Falling Due Within One Year	6	(3,539,929 )		(3,459,086 )

NET CURRENT ASSETS (LIABILITIES)			(2,585,873 )		(2,674,717 )

TOTAL ASSETS LESS CURRENT LIABILITIES			4,263,816		4,051,672

Creditors: Amounts Falling Due After More Than One Year	7		(510,000 )		(623,320 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(596,720 )		(565,895 )

NET ASSETS			3,157,096		2,862,457

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			3,157,094		2,862,455

SHAREHOLDERS' FUNDS			3,157,096		2,862,457

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors and authorised for issue on 29 September 2025

and are signed on its behalf by:

V Jain

Director

The notes on pages 3 to 6 form part of these financial statements.

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Jain Estates Limited

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Jain Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08369895 . The registered office is 65 Delamere Road, Hayes, UB4 0NN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions not to disclose related party transactions with wholly owned subsidiaries within the group.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Turnover represents rental income from investment properties, and service income from provision of property management.

Rental income is recognised on a time basis over the period covered. Service income is recognised on provision of the management services.

2.4. Investment Properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

2.5. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and the company does not have any Other Financial Instruments as covered by Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

...CONTINUED

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Jain Estates Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Financial Instruments - continued

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2.6. Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2.7. Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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Jain Estates Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

3. Average Number of Employees

The average monthly number of persons employed by the company, during the year was: NIL (2023: NIL)

4. Investment Property

	2024
	£
Fair Value
As at 1 January 2024	6,726,389
Fair value adjustments	123,300

As at 31 December 2024	6,849,689

The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5. Debtors

	2024	2023
	£	£
Due within one year
Amounts owed by group undertakings	304,009	-
Other debtors	560,340	778,900

	864,349	778,900

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Bank loans and overdrafts	113,075	9,762
Amounts owed to group undertakings	3,266,725	3,385,725
Other creditors	92,574	58,849
Taxation and social security	67,555	4,750

	3,539,929	3,459,086

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans and overdrafts	-	113,320
Other borrowings	510,000	510,000

	510,000	623,320

8. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 January 2024	565,895	565,895
Utilised	30,825	30,825

Balance at 31 December 2024	596,720	596,720

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Jain Estates Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
2 Ordinary Shares of £ 1.00 each	2	2

10. Ultimate Parent Undertaking and Controlling Party

The ultimate parent company is Jain Global Holdings Limited. They are registered at 65 Delamere Road, Hayes, England, UB4 ONN.

The Company's results have been incorporated into the consolidated financial statements of the group, copies of which are available from companies house. accounts are publicly available.

11. Audit Information

The auditor's report on the accounts of Jain Estates Limited for the year ended 31 December 2024 was unqualified.

The auditor's report was signed by Devender Arora FCA (Senior Statutory Auditor) for and on behalf of The Corporate Practice Limited , Statutory Auditor.

The Corporate Practice Limited

Chartered Accountants & Statutory Auditors

65 Delamere Road

Hayes

Middlesex

UB4 0NN

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Directors	V Jain
	K Jain

Company Number	08369895

Registered Office	65 Delamere Road
	Hayes
	UB4 0NN

Auditors	The Corporate Practice Limited
	Chartered Accountants & Statutory Auditors
	65 Delamere Road
	Hayes
	Middlesex
	UB4 0NN