REGISTERED NUMBER: SC495704 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

JJZ PROPERTY LTD

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

76,240

76,240

CURRENT ASSETS

Cash at bank

1,542

1,493

CREDITORS

Amounts falling due within one year

5

102,747

75,148

NET CURRENT LIABILITIES

(101,205

)

(73,655

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(24,965

)

2,585

CREDITORS

Amounts falling due after more than one year

6

-

37,428

NET LIABILITIES

(24,965

)

(34,843

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(24,967

)

(34,845

)

SHAREHOLDERS' FUNDS

(24,965

)

(34,843

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:

D A P Gallacher - Director

1.	STATUTORY INFORMATION

JJZ Property Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number:

SC495704

Registered office:

Fieldview House The Holdings

Longcroft

Bonnybridge

FK4 1SZ

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.

Turnover and revenue recognition

Turnover represents net invoiced provisions of rental property letting services excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Tangible fixed assets

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

Financial instruments

The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments.

Basic financial instruments are initially recognised at transaction value and subsequently measured at their

settlement value.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 February 2024

and 31 January 2025

76,240

NET BOOK VALUE

At 31 January 2025

76,240

At 31 January 2024

76,240

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

-

4,627

Other loans

13,840

16,195

Directors' current accounts

88,115

53,714

Accrued expenses

792

612

102,747

75,148

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans - 1-2 years

-

4,627

Bank loans - 2-5 years

-

13,881

Bank loans more 5 yr by instal

-

18,920

-

37,428

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

18,920