Jersey Property Management Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 05720625

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	1,002,344		1,048,054
Cash at bank and in hand		9,626		305

		1,011,970		1,048,359
Creditors: Amounts Falling Due Within One Year	5	(48,408 )		(64,587 )

NET CURRENT ASSETS (LIABILITIES)			963,562		983,772

TOTAL ASSETS LESS CURRENT LIABILITIES			963,562		983,772

NET ASSETS			963,562		983,772

CAPITAL AND RESERVES
Called up share capital	6		1		1
Profit and Loss Account			963,561		983,771

SHAREHOLDERS' FUNDS			963,562		983,772

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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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

Mr D S Baroukh

Director

09/12/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Jersey Property Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05720625 . The registered office is 60 High Street Wimbledon, London, SW19 5EE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Presentational Currency

The financial statements are presented in sterling which is the functional currency of the Company and rounded to the nearest £.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

2.3. Financial Instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.4. Taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

2.5. Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6. Cash at bank and in hand

Cash at bank and in hand 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.

2.7. Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bankloans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	97,120
The Jersey Property Partnership LLP	1,002,344	950,934

	1,002,344	1,048,054

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Jersey Property Management Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
VAT	-	16,189
Baroukh Family Settlement	42,352	42,352
David Baroukh	4,706	4,706
Accruals and deferred income	1,350	1,340

	48,408	64,587

6. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
1 Ordinary Shares of £ 1.00 each	1	1

7. Related Party Transactions

At the balance sheet date £47,058 (2023 - £47,058) was owed to the director and the Trust of which the Company has an interest in, included within creditors.

At the balance sheet date £955,980 (2024 - £950,953) was due from an LLP of which the Company has an interest in. This is in respect of profit shares and loans provided to the LLP. These amounts are included within other debtors, are interest free and repayable on demand.

Included within trade debtors is £nil (2024 - £97,120) due from a company under common control.

8. Controlling party

The controlling party is Mr D S Baroukh.

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