REGISTERED NUMBER: 14189539 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

J V LAWRENCE LTD

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

32,799

-

Investment property

5

3,500,000

3,180,000

3,532,799

3,180,000

CURRENT ASSETS

Cash at bank

2,682

5,841

CREDITORS

Amounts falling due within one year

6

462,579

439,307

NET CURRENT LIABILITIES

(459,897

)

(433,466

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,072,902

2,746,534

CREDITORS

Amounts falling due after more than one year

7

(1,665,780

)

(1,642,624

)

PROVISIONS FOR LIABILITIES

(122,015

)

(31,503

)

NET ASSETS

1,285,107

1,072,407

CAPITAL AND RESERVES

Called up share capital

976,168

976,168

Fair value reserve

9

333,789

93,789

Retained earnings

(24,850

)

2,450

1,285,107

1,072,407

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 J Lawrence - Director

1.	STATUTORY INFORMATION

J V Lawrence Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

14189539

Registered office:

3rd Floor

21 Perrymount Road

Haywards Heath

West Sussex

RH16 3TP

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 represents rents received or receivable, measured at fair value, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised when it is probable that the economic benefits associated with the transaction will flow to the company.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful

life.

Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and

accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of

operating as intended.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is 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 profit or loss and then transferred to a revaluation reserve.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The company is financed by loans from the directors. Whilst this balance is due on demand, the directors have indicated that this balance will only be drawn to the extent that the company's cash flows can support repayment. The forecast cash flow of the company support that liabilities can be met as they fall due.

It is on this basis that the directors have concluded that the company is a going concern. As a result, these financial statements are prepared on a going concern basis.

3.

EMPLOYEES

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

33,349

At 31 March 2025

33,349

DEPRECIATION

Charge for year

550

At 31 March 2025

550

NET BOOK VALUE

At 31 March 2025

32,799

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

3,180,000

Revaluations

320,000

At 31 March 2025

3,500,000

NET BOOK VALUE

At 31 March 2025

3,500,000

At 31 March 2024

3,180,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2024

118,879

Valuation in 2025

320,000

Cost

3,061,121

3,500,000

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

2025

2024

as restated

£

£

Cost

3,500,000

3,180,000

Investment property was valued on an open market basis on 31 March 2025 by the directors .

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Hire purchase contracts

5,799

-

Taxation and social security

5,871

2,548

Other creditors

450,909

436,759

462,579

439,307

Within other creditors is £448,568 due to the directors (2024: £430,198). This is repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

as restated

£

£

Bank loans

1,642,584

1,642,624

Hire purchase contracts

23,196

-

1,665,780

1,642,624

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,642,584

1,642,624

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

as restated

£

£

Bank loans

1,642,584

1,642,624

Bank loans are secured by a charged over the assets of the company.

9.

RESERVES

Fair

value

reserve

£

At 1 April 2024

93,789

Transfer to reserves

320,000

Transfer of deferred tax

(80,000

)

At 31 March 2025

333,789