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Registered number: 08921178
Jck Property Management Ltd
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08921178
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,715,000 1,715,000
Investments 5 1,168,721 1,168,721
2,883,721 2,883,721
CURRENT ASSETS
Debtors 6 2,971 8,759
Cash at bank and in hand 190,365 87,690
193,336 96,449
Creditors: Amounts Falling Due Within One Year 7 (39,701 ) (54,468 )
NET CURRENT ASSETS (LIABILITIES) 153,635 41,981
TOTAL ASSETS LESS CURRENT LIABILITIES 3,037,356 2,925,702
PROVISIONS FOR LIABILITIES
Deferred Taxation (89,907 ) (89,907 )
NET ASSETS 2,947,449 2,835,795
CAPITAL AND RESERVES
Called up share capital 8 2,141 2,141
Share premium account 2,111,955 2,111,955
Fair value reserve 10 269,719 269,719
Profit and Loss Account 563,634 451,980
SHAREHOLDERS' FUNDS 2,947,449 2,835,795
Page 1
Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
G A Kellett
Director
10th November 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Jck Property Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08921178 . The registered office is Watergates Building, 109 Coleman Road, Leicester, LE5 4LE.
The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises of rental income from tenants of the company's investment properties. Rental income is recognised on an accruals basis in the period in which it is earned, in accordance with the terms of the lease.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
Page 3
Page 4
4. Investment Property
2025
£
Fair Value
As at 1 April 2024 and 31 March 2025 1,715,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 1,515,000 1,515,000
5. Investments
Unlisted
£
Cost or Valuation
As at 1 April 2024 1,168,721
As at 31 March 2025 1,168,721
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 1,168,721
As at 1 April 2024 1,168,721
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 2,971 8,759
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 20,200 20,625
Taxation and social security 19,501 33,843
39,701 54,468
8. Share Capital
2025 2024
Allotted, called up and fully paid £ £
110 Ordinary Shares of £ 1.00 each 110 110
1,306 Ordinary A shares of £ 1.00 each 1,306 1,306
570 Ordinary B shares of £ 1.00 each 570 570
155 Ordinary C shares of £ 1.00 each 155 155
2,141 2,141
Page 4
Page 5
9. Directors Advances, Credits and Guarantees
The following advances and credits to directors subsisted during the current and prior periods:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr George Kellett (98 ) 5,621 (5,600 ) - (77 )
Mr Christopher Kellett (98 ) 5,621 (5,600 ) - (77 )
The above loan is unsecured, interest free and repayable on demand.
10. Reserves
Fair Value Reserve
£
As at 1 April 2024 269,719
As at 31 March 2025 269,719
Page 5