1 April 2024 false Taxfiler 2024.6 12807016 business:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12807016 2024-03-31 12807016 2024-04-01 2025-03-31 12807016 business:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 12807016 business:FilletedAccounts 2024-04-01 2025-03-31 12807016 2025-03-31 12807016 business:Director1 2024-04-01 2025-03-31 12807016 business:Director2 2024-04-01 2025-03-31 12807016 business:Director3 2024-04-01 2025-03-31 12807016 business:Director4 2024-04-01 2025-03-31 12807016 business:RegisteredOffice 2024-04-01 2025-03-31 12807016 2024-03-31 12807016 core:WithinOneYear 2025-03-31 12807016 core:WithinOneYear 2024-03-31 12807016 core:ShareCapital core:PreviouslyStatedAmount 2025-03-31 12807016 core:ShareCapital core:PreviouslyStatedAmount 2024-03-31 12807016 core:SharePremium core:PreviouslyStatedAmount 2025-03-31 12807016 core:SharePremium core:PreviouslyStatedAmount 2024-03-31 12807016 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-03-31 12807016 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-03-31 12807016 core:PreviouslyStatedAmount 2025-03-31 12807016 core:PreviouslyStatedAmount 2024-03-31 12807016 business:SmallEntities 2024-04-01 2025-03-31 12807016 countries:EnglandWales 2024-04-01 2025-03-31 12807016 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company Registration No. 12807016 (England and Wales)
JL & T Properties Limited Unaudited accounts for the year ended 31 March 2025
JL & T Properties Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
JL & T Properties Limited Company Information for the year ended 31 March 2025
Directors
J C Owen J Owen L Owen T Owen
Company Number
12807016 (England and Wales)
Registered Office
2 MEETING HOUSE LANE BRIGHTON BN1 1HB ENGLAND
Accountants
D M Pettitt Accountancy Services 33 Bowmans Close Steyning West Sussex BN44 3SR
- 3 -
JL & T Properties Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
1,835,017
1,835,017
Current assets
Debtors
5
100
133,620
Cash at bank and in hand
375,915
206,169
376,015
339,789
Creditors: amounts falling due within one year
6
(773,124)
(743,496)
Net current liabilities
(397,109)
(403,707)
Total assets less current liabilities
1,437,908
1,431,310
Provisions for liabilities
Deferred tax
(70,198)
(70,198)
Net assets
1,367,710
1,361,112
Capital and reserves
Called up share capital
100
100
Share premium
1,275,000
1,275,000
Profit and loss account
92,610
86,012
Shareholders' funds
1,367,710
1,361,112
For the 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. 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
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
J C Owen Director Company Registration No. 12807016
- 4 -
JL & T Properties Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
JL & T Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 12807016. The registered office is 2 MEETING HOUSE LANE, BRIGHTON, BN1 1HB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2025
£
Fair value at 1 April 2024
1,835,017
At 31 March 2025
1,835,017
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
-
30,881
Other debtors
100
102,739
100
133,620
- 5 -
JL & T Properties Limited Notes to the Accounts for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
22,511
28,880
Other creditors
17,976
-
Loans from directors
713,726
713,726
Accruals
18,911
890
773,124
743,496
7
Transactions with related parties
At 31 March 2024 the company owed its directors £713,726 (2023 £671,899) and this is included in creditors.
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 6 -