J VIRK PROPERTIES LIMITED


Directors	VIRK, Jujhar Singh
	VIRK, Navjot Kaur


Registered Address	18 South Brae Close
	Littleover
	Derby
	DE23 1WD


Registered Number	11749962 (England and Wales)

Statement of Financial Position
31 January 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		121,035		121,035
			121,035		121,035
Current assets
Cash at bank and on hand		7,471		3,715
		7,471		3,715
Creditors amounts falling due within one year	4	(82,181)		(81,565)
Net current assets (liabilities)			(74,710)		(77,850)
Total assets less current liabilities			46,325		43,185
Creditors amounts falling due after one year	5		(37,434)		(37,441)
Net assets			8,891		5,744
Capital and reserves
Called up share capital			100		100
Profit and loss account			8,791		5,644
Shareholders' funds			8,891		5,744

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 21 October 2025, and are signed on its behalf by:

VIRK, Navjot Kaur
Director
Registered Company No. 11749962

J VIRK PROPERTIES LIMITED

Notes to the Financial Statements
for the year ended 31 January 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	The company continues to adopt a going concern basis in preparing its financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Investment property
	Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss. Deferred taxation is provided on any surplus at the rate expected to apply when the property is sold.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Land & buildings	Total
	£	£
Cost or valuation
At 01 February 24	121,035	121,035
At 31 January 25	121,035	121,035
Net book value
At 31 January 25	121,035	121,035
At 31 January 24	121,035	121,035

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	738	545
Other creditors	80,795	80,373
Accrued liabilities and deferred income	648	647
Total	82,181	81,565


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

5.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	37,434	37,441
Total	37,434	37,441

6.	Secured creditors
	The long-term creditor of £37,434 is secured over a fixed charge with a negative pledge over the property known as 13 Hobkirk Drive, Sinfin, Derby, DE24 3DT.