REGISTERED NUMBER: 12071034 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

JLF Homes Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G Ferguson

Mrs S Ferguson

REGISTERED OFFICE:

Suite 3

Falcon Court Business Centre

College Road

Maidstone

Kent

ME15 6TF

REGISTERED NUMBER:

12071034 (England and Wales)

ACCOUNTANTS:

Skyfire Accountancy Ltd

The Old Rectory

Springhead Road

Northfleet

Kent

DA11 8HN

FIXED ASSETS

Tangible assets

5

724

-

Investment property

6

2,075,000

814,847

2,075,724

814,847

CURRENT ASSETS

Debtors

1,227

244

Cash at bank and in hand

13,011

2,970

14,238

3,214

CREDITORS

Amounts falling due within one year

1,533,273

790,331

NET CURRENT LIABILITIES

(1,519,035

)

(787,117

)

TOTAL ASSETS LESS CURRENT LIABILITIES

556,689

27,730

PROVISIONS FOR LIABILITIES

140,189

5,249

NET ASSETS

416,500

22,481

CAPITAL AND RESERVES

Called up share capital

110

100

Fair value reserve

7

420,023

22,379

Retained earnings

(3,633

)

2

SHAREHOLDERS' FUNDS

416,500

22,481

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2025 and were signed on its behalf by:

Mr G Ferguson - Director

Mrs S Ferguson - Director

1.	STATUTORY INFORMATION

JLF Homes 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Sales comprise the fair value of the consideration received or receivable for the sale of goods / and / rendering of services in the ordinary course of the company's activities. Sales are presented, net of value-added tax, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company's activities as follows:

Rental income from operating leases (net of any incentives given to the lessees) is recognised when the right to receive payment is established.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

straight line over 3 years

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 Profit and Loss Account, 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

767

At 31 March 2025

767

DEPRECIATION

Charge for year

43

At 31 March 2025

43

NET BOOK VALUE

At 31 March 2025

724

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

814,847

Additions

727,750

Revaluations

532,403

At 31 March 2025

2,075,000

NET BOOK VALUE

At 31 March 2025

2,075,000

At 31 March 2024

814,847

Fair value at 31 March 2025 is represented by:

£

Valuation in 2022

27,628

Valuation in 2025

532,403

Cost

1,514,969

2,075,000

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

31.3.25

31.3.24

£

£

Cost

1,514,969

787,219

Investment property was valued on an open market basis on 31 March 2025 by Mr G Ferguson .

7.

RESERVES

Fair

value

reserve

£

At 1 April 2024

22,379

Reserve transfer

397,644

At 31 March 2025

420,023

8.	RELATED PARTY DISCLOSURES

During the period the directors loaned £710,305 to the company. At the end of the period there was a balance owed to the directors of £960,205 (2024: £249,900). The balance is included within creditors due within one year, is interest free and is repayable on demand.

During the period the company borrowed £16,181 from companies under common control. At the end of the period the balance owed to companies under common control was £553,297 (2024: £537,116). The balance is included within creditors due within one year, is interest free and is repayable on demand.