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Registration number: 12336506

Jurgen Properties Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2025

Jurgen Properties Ltd

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 8

Jurgen Properties Ltd

(Registration number: 12336506)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 3,497,153 | 3,553,266
Current assets |  |  |
Debtors | 5 | 88,150 | 97,003
Cash at bank and in hand |  | 35,083 | 57,853
|  | 123,233 | 154,856
Creditors: Amounts falling due within one year | 6 | (1,125,275) | (1,143,053)
Net current liabilities |  | (1,002,042) | (988,197)
Total assets less current liabilities |  | 2,495,111 | 2,565,069
Creditors: Amounts falling due after more than one year | 6 | (2,441,359) | (2,503,582)
Provisions for liabilities |  | (183,820) | (93,123)
Net liabilities |  | (130,068) | (31,636)
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Retained earnings |  | (130,069) | (31,637)
Shareholders' deficit |  | (130,068) | (31,636)

Jurgen Properties Ltd

(Registration number: 12336506)
Balance Sheet as at 31 March 2025

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

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 October 2025 and signed on its behalf by:

Mr D Hill Director | Mr D Hill Director |

Jurgen Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Somerset Willow Company
Peninsula Business Park
Bristol Road
Bridgwater
Somerset
TA6 4QB

These financial statements were authorised for issue by the Board on 24 October 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Going concern

The directors are confident that the business, through the bank reserves of the company, future trading activity and the continued support of a group company, has adequate resources to continue trading and accordingly the company has continued to prepare its financial statements on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for rent in the ordinary course of the company’s activities and is recognised on a straight line basis over the lease term. Turnover is shown net of value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Jurgen Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Where tangible assets are being constructed, depreciation commences being charged when the asset is brought into use.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land | Nil
Buildings | 2% straight line

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Jurgen Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Interest incurred on the borrowings directly attributable to the development of qualifying assets are capitalised. Capitalisation is suspended during periods in which active development is interrupted. Upon the completion of the development, the interest ceases to be capitlaised and is expensed.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year was 3 (2024 - 3).

Jurgen Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4 | Tangible assets

| Freehold land and buildings £ | Total £
Cost
At 1 April 2024 | 3,582,605 | 3,582,605
Additions | 3,218 | 3,218
Disposals | (613) | (613)
At 31 March 2025 | 3,585,210 | 3,585,210
Depreciation
At 1 April 2024 | 29,339 | 29,339
Charge for the year | 58,718 | 58,718
At 31 March 2025 | 88,057 | 88,057
Carrying amount
At 31 March 2025 | 3,497,153 | 3,497,153
At 31 March 2024 | 3,553,266 | 3,553,266

Included within the net book value of land and buildings above is £3,497,153 (2024 - £3,553,266) in respect of freehold land and buildings.

Capitalised borrowing costs

Within freehold land and buildings are capitalised borrowing costs at a carrying amount of £117,288 (2024 - £119,078). The capitalisation rate used to determine the amount of finance costs capitalised during the construction of the investment property was 100%.

5 | Debtors

| 2025 £ | 2024 £
Trade debtors | 19,349 | 36,610
Amounts owed by related parties | 1 | 1
Prepayments | 54,437 | 56,912
Accrued income | 14,363 | 3,480
| 88,150 | 97,003

Jurgen Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6 | Creditors

Due within one year | Note | 2025 £ | 2024 £
Loans and borrowings | 7 | 56,451 | 39,942
Amounts due to related parties |  | 1,054,511 | 1,090,196
Social security and other taxes |  | 11,798 | 6,673
Accruals |  | 2,515 | 6,242
|  | 1,125,275 | 1,143,053
Due after one year |  |  |
Loans and borrowings | 7 | 2,441,359 | 2,503,582

The bank borrowings amounting to £56,451 (2024 - £39,942) are secured by a fixed and floating charge over the company's assets.

The bank borrowings over one year amounting to £2,441,359 (2024 - £2,503,582) are secured by a fixed and floating charge over the company's assets.

Creditors include bank loans repayable by instalments of £2,264,214 (2024 - £2,338,111) due after more than five years.

7 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 56,451 | 39,942

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 2,441,359 | 2,503,582

Included in the loans and borrowings are the following amounts due after more than five years:

Borrowings due after five years

Creditors include bank loans repayable by instalments of £2,264,214 (2024 - £2,338,111) due after more than five years.

Jurgen Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8 | Parent and ultimate parent undertaking

The company's immediate parent is Somerset Willow (Holdings) Ltd, incorporated in England and Wales.