JESE Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10012509 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

JESE Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

Mr M E Williams

REGISTERED OFFICE:

Adeilad St. Davids Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

REGISTERED NUMBER:

10012509 (England and Wales)

ACCOUNTANTS:

Dunn & Ellis Cyf

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

FIXED ASSETS

Investment property

4

280,000

CURRENT ASSETS

Debtors

5

1,000

Cash at bank and in hand

2,144

962

3,144

1,962

CREDITORS

Amounts falling due within one year

6

28,673

24,055

NET CURRENT LIABILITIES

(25,529

)

(22,093

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

254,471

257,907

CREDITORS

Amounts falling due after more than one
year

7

(107,011

)

(111,947

)

PROVISIONS FOR LIABILITIES

9

(24,415

)

(24,415

)

NET ASSETS

123,045

121,545

CAPITAL AND RESERVES

Called up share capital

100

Revaluation reserve

10

104,085

Retained earnings

18,860

17,360

SHAREHOLDERS' FUNDS

123,045

121,545

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 director acknowledges his 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 director and authorised for issue on 12 December 2025 and were signed by:

Mr M E Williams - Director

1.	STATUTORY INFORMATION

JESE Properties 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.

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.

Having considered their expectations for the next 12 months, the Directors have concluded that the Company is a going concern and the financial statements have been prepared as such.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

280,000

NET BOOK VALUE

At 31 March 2025

280,000

At 31 March 2024

280,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2019

23,500

Valuation in 2020

55,000

Valuation in 2021

50,000

Cost

151,500

280,000

If the property had not been revalued it would have been included at the following historical cost:

31.3.25

31.3.24

£

Cost

151,500

The property was valued on a fair value basis on 31 March 2025 by the director .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other debtors

1,000

The Other debtors as stated above comprises of £1,000 owed from Felin Properties Ltd, in which Mr M E Williams is a Director.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

5,326

5,531

Taxation and social security

352

45

Other creditors

22,995

18,479

28,673

24,055

The Other Creditors as stated above comprises of £19,549 owed to Elis Williams Construction Ltd, in which Mr M E Williams is a Director.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans

107,011

111,947

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

80,918

89,823

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Bank loans

112,337

117,478

The following mortgages charges have been registered on the company's record on Companies House:

27th April 2018 - Paragon Bank plc & Paragon Mortgages (2010) Limited- Floating charge covers all the property or undertaking of the company

27th April 2018- Paragon Bank plc- 14 Lucan Road, Liverpool

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

Deferred tax

Other timing differences

24,415

Deferred

tax

£

Balance at 1 April 2024

24,415

Balance at 31 March 2025

24,415

10.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

104,085

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

Mr M E Williams

Balance outstanding at start of year

1,000

Amounts repaid

(1,000

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

1,000

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of JESE Properties Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of JESE Properties Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of JESE Properties Limited and state those matters that we have agreed to state to the director of JESE Properties Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JESE Properties Limited and its director for our work or for this report.

It is your duty to ensure that JESE Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of JESE Properties Limited. You consider that JESE Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of JESE Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Dunn & Ellis Cyf

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

Date: .............................................