REGISTERED NUMBER: 11269509 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

JRRD Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Dustoor

D J Dustoor

R J Dustoor

SECRETARY:

J Dustoor

REGISTERED OFFICE:

37 Alexandra Drive

Surbiton

Surrey

KT5 9AD

REGISTERED NUMBER:

11269509 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,729,000

1,726,000

CURRENT ASSETS

Cash at bank

14,152

8,256

CREDITORS

Amounts falling due within one year

5

5,991

1,700

NET CURRENT ASSETS

8,161

6,556

TOTAL ASSETS LESS CURRENT LIABILITIES

1,737,161

1,732,556

CREDITORS

Amounts falling due after more than one year

6

(1,651,369

)

(1,687,368

)

PROVISIONS FOR LIABILITIES

(19,020

)

(18,270

)

NET ASSETS

66,772

26,918

CAPITAL AND RESERVES

Called up share capital

7

100

100

Fair value reserve

8

57,062

54,812

Retained earnings

8

9,610

(27,994

)

SHAREHOLDERS' FUNDS

66,772

26,918

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 5 December 2025 and were signed on its behalf by:

J Dustoor - Director

D J Dustoor - Director

1.	STATUTORY INFORMATION

JRRD Properties Ltd 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.

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

Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from rental of properties is recognized when rent is due per the lease.

Tangible fixed assets

No depreciation is provided on the freehold land and buildings as it is the company’s policy to maintain the properties by a programme of repair and refurbishment such that the residual value of the properties is at least equal to the book value. Having regard to this, in the opinion of the directors, any depreciation required by the Companies Act and Statement of Standard Accounting Practice 12 would not be material.

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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 April 2024

1,726,000

Revaluations

3,000

At 31 March 2025

1,729,000

NET BOOK VALUE

At 31 March 2025

1,729,000

At 31 March 2024

1,726,000

The freehold properties held at 31st March 2025 cost £1,652,918 (2024 - £1,652,918) and the directors estimate the valuation at that date of £1,729,000 (2024 - £1,726,000).

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

2,582

-

Other creditors

3,409

1,700

5,991

1,700

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,325,928

1,325,928

Other creditors

325,441

361,440

1,651,369

1,687,368

The bank loans are secured by a charge over the company’s assets of 1 and 3 Livingstone Place, St Andrews KY16 8JH, 129 Lamond Drive, St Andrews KY16 8DA and 10 Freddie Tait Street, St Andrews KY16 8HQ.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 April 2024

(27,994

)

54,812

26,818

Profit for the year

39,854

39,854

Transfer

(2,250

)

2,250

-

At 31 March 2025

9,610

57,062

66,672

9.	RELATED PARTY DISCLOSURES

Mr. J. Dustoor, Mrs. D.J. Dustoor and Miss. R.J. Dustoor are the directors of the company and together own 100% of the issued share capital.

At the balance sheet date, Mr. and Mrs. Dustoor were owed £325,442 (2024 - £361,443) by the company.