REGISTERED NUMBER: 10060517 (England and Wales)

JENCO PROPERTIES (HASTINGS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

K M Cornelius

A C Jenner

REGISTERED OFFICE:

47 Grange Road

Hastings

East Sussex

TN34 2QP

REGISTERED NUMBER:

10060517 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

Landgate Chambers

24 Landgate

Rye

East Sussex

TN31 7LJ

FIXED ASSETS

Investment property

4

416,117

416,117

CURRENT ASSETS

Debtors

5

113

896

Cash at bank

4,422

978

4,535

1,874

CREDITORS

Amounts falling due within one year

6

18,107

31,370

NET CURRENT LIABILITIES

(13,572

)

(29,496

)

TOTAL ASSETS LESS CURRENT LIABILITIES

402,545

386,621

CREDITORS

Amounts falling due after more than one year

7

(56,690

)

(57,287

)

PROVISIONS FOR LIABILITIES

(63,605

)

(48,340

)

NET ASSETS

282,250

280,994

CAPITAL AND RESERVES

Called up share capital

9

100

100

Revaluation reserve

10

190,817

206,082

Retained earnings

91,333

74,812

SHAREHOLDERS' FUNDS

282,250

280,994

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 28 November 2025 and were signed on its behalf by:

K M Cornelius - Director

A C Jenner - Director

1.	STATUTORY INFORMATION

JenCo Properties (Hastings) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

TURNOVER

Turnover is rental income receivable, net of VAT.

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

416,117

NET BOOK VALUE

At 31 March 2025

416,117

At 31 March 2024

416,117

Fair value at 31 March 2025 is represented by:

£

Valuation in 2022

254,421

Cost

161,696

416,117

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

113

896

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

4,929

4,929

Taxation and social security

3,875

2,238

Other creditors

9,303

24,203

18,107

31,370

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

56,690

57,287

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

36,975

37,572

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

61,619

62,216

National Westminster Bank PLC have a fixed and floating charge over the investment property.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Revaluatio

reserve

£

At 1 April 2024

206,082

Transfer

(15,265

)

At 31 March 2025

190,817