Jrs Property Services Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07131811

Jrs Property Services Ltd

Filleted Unaudited Financial Statements

31 January 2025

Jrs Property Services Ltd

Statement of Financial Position

31 January 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	4	1,082	1,443
Investments	5	510,000	510,000
		---------	---------
		511,082	511,443

Current assets

Cash at bank and in hand	311,382		307,069

Creditors: amounts falling due within one year	6	372,580		404,155
		---------		---------
Net current liabilities			61,198	97,086
			---------	---------
Total assets less current liabilities			449,884	414,357

Provisions

Taxation including deferred tax	36,185	36,185
	---------	---------
Net assets	413,699	378,172
	---------	---------

Capital and reserves

Called up share capital	1	1
Other reserves	169,939	169,939
Profit and loss account	243,759	208,232
	---------	---------
Shareholders funds	413,699	378,172
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Jrs Property Services Ltd

Statement of Financial Position (continued)

31 January 2025

These financial statements were approved by the board of directors and authorised for issue on 5 September 2025 , and are signed on behalf of the board by:

Mr J Scully
Director

Company registration number: 07131811

Jrs Property Services Ltd

Notes to the Financial Statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Hawthorn Close, Watlington, King's Lyn, PE33 0HD.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Tangible assets

	Fixtures and fittings	Total
	£	£
Cost
At 1 February 2024 and 31 January 2025	23,226	23,226
	--------	--------
Depreciation
At 1 February 2024	21,783	21,783
Charge for the year	361	361
	--------	--------
At 31 January 2025	22,144	22,144
	--------	--------
Carrying amount
At 31 January 2025	1,082	1,082
	--------	--------
At 31 January 2024	1,443	1,443
	--------	--------

5. Investments

	Other investments other than loans
	£
Cost
At 1 February 2024 and 31 January 2025	510,000
	---------
Impairment
At 1 February 2024 and 31 January 2025	–
	---------

Carrying amount
At 31 January 2025	510,000
	---------
At 31 January 2024	510,000
	---------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	8,418	24,053
Other creditors	364,162	380,102
	---------	---------
	372,580	404,155
	---------	---------