| Juliet Properties Limited |
| Registered number: |
00801079 |
| Balance Sheet |
| as at 31 March 2025 |
|
|
Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
10,659 |
|
|
16,938 |
| Investment Property |
5 |
|
|
6,613,190 |
|
|
6,613,190 |
| Investments |
6 |
|
|
771,815 |
|
|
752,013 |
|
|
|
|
7,395,664 |
|
|
7,382,141 |
|
| Current assets |
| Debtors |
7 |
|
25,429 |
|
|
18,803 |
| Cash at bank and in hand |
|
|
739,229 |
|
|
848,403 |
|
|
|
764,658 |
|
|
867,206 |
|
| Creditors: amounts falling due within one year |
8 |
|
(32,891) |
|
|
(60,570) |
|
| Net current assets |
|
|
|
731,767 |
|
|
806,636 |
|
| Total assets less current liabilities |
|
|
|
8,127,431 |
|
|
8,188,777 |
|
| Provisions for liabilities |
9 |
|
|
(1,206,458) |
|
|
(1,206,458) |
|
| Net assets |
|
|
|
6,920,973 |
|
|
6,982,319 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
10 |
|
|
100 |
|
|
100 |
| Revaluation reserve |
11 |
|
|
205,746 |
|
|
205,746 |
| Profit and loss account |
|
|
|
6,715,127 |
|
|
6,776,473 |
|
| Shareholders' funds |
|
|
|
6,920,973 |
|
|
6,982,319 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
| Jolyon Richard Spencer |
| Director |
| Approved by the board on 31 October 2025 |
|
| Juliet Properties Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. |
|
|
Turnover |
|
Turnover represents amounts receivable for rent and commissions. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Computer equipment |
25% Straight line |
|
Plant and machinery |
25% Straight line |
|
Fixtures, fittings, tools and equipment |
25% reducing balance |
|
|
Investments Properties |
|
Investment properties, which are properies held to earn rentals and/or for capital appreciation, are initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account. |
|
|
Fixed asset investments |
|
Listed investments are valued at their market value at the balance sheet date and any changes in their fair value between the previous year end or acquisition, as applicable, are recognised in the profit and loss account.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk. |
|
|
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Judgements and key sources of estimation uncertainty |
|
|
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. |
|
|
| 3 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 April 2024 |
3,299 |
|
16,768 |
|
40,183 |
|
60,250 |
|
At 31 March 2025 |
3,299 |
|
16,768 |
|
40,183 |
|
60,250 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
825 |
|
9,418 |
|
33,069 |
|
43,312 |
|
Charge for the year |
825 |
|
3,675 |
|
1,779 |
|
6,279 |
|
At 31 March 2025 |
1,650 |
|
13,093 |
|
34,848 |
|
49,591 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
1,649 |
|
3,675 |
|
5,335 |
|
10,659 |
|
At 31 March 2024 |
2,474 |
|
7,350 |
|
7,114 |
|
16,938 |
|
|
| 5 |
Investment Property |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 April 2024 |
6,613,190 |
|
|
At 31 March 2025 |
6,613,190 |
|
|
The fair value of investment properties has been arrived at on the basis of a valuation carried out on 31 March 2018 by a Chartered Surveyor who is a RICS registered valuer. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. The original cost of the properties was £719,472. The directors beleive the open market value of the properties remains the same as the professional valuation. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Fixed asset investments |
2025 |
|
2024 |
| £ |
£ |
|
|
Investments |
771,815 |
|
752,013 |
|
|
|
|
|
|
|
|
771,815 |
|
752,013 |
|
|
|
|
|
|
|
|
|
|
Movements in fixed asset investments |
| Investments other |
| than loans |
| £ |
|
Cost or valuation |
|
At 1 April 2024 |
752,013 |
|
Valuation changes |
19,802 |
|
|
|
|
|
|
|
|
|
|
At 31 March 2025 |
771,815 |
|
|
|
|
|
|
|
|
|
|
Carrying amount |
|
At 31 March 2025 |
771,815 |
|
At 31 March 2024 |
752,013 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
672 |
|
672 |
|
Corporation tax |
|
|
|
|
6,684 |
|
- |
|
Other debtors |
18,073 |
|
18,131 |
|
|
|
|
|
|
25,429 |
|
18,803 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Accruals |
6,678 |
|
6,888 |
|
Trade creditors |
- |
|
595 |
|
Taxation and social security costs |
- |
|
40,494 |
|
Other creditors |
26,213 |
|
12,593 |
|
|
|
|
|
|
32,891 |
|
60,570 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Provisions for liabilities |
2025 |
|
2024 |
| £ |
£ |
|
|
Deferred tax liabilities |
1,206,458 |
|
1,206,458 |
|
|
|
|
|
|
|
1,206,458 |
|
1,206,458 |
|
|
|
|
|
|
|
|
|
|
| 10 |
Called up share capital |
2025 |
|
2024 |
|
2025 |
|
2024 |
| Number |
Number |
£ |
£ |
|
Ordinary share capital |
|
Issued and fully paid |
|
Ordinary shares of £1 each |
100 |
|
100 |
|
100 |
|
100 |
|
|
|
100 |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
|
| 11 |
Revaluation reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 April 2024 |
205,746 |
|
205,746 |
|
|
At 31 March 2025 |
205,746 |
|
205,746 |
|
|
|
|
|
|
|
|
|
|
| 12 |
Related party transactions |
|
|
The directors operate current accounts with the company on an interest free basis. At the beginning of the year the directors were owed £10,969 by the company. During the year a dividend of £40,480 was paid to the director, J R Spencer and the directors paid £10,540 of expenses personally. At the year end the directors were owed £24,589 by the company. |
|
|
| 13 |
Other information |
|
|
Juliet Properties Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
7 Pond Cottages |
|
London |
|
SE21 7LE |