Jolan Piccadilly Limited - Filleted accounts

Registered number

06855403

Jolan Piccadilly Limited

Filleted Accounts

31 March 2025

Jolan Piccadilly Limited
Registered number:		06855403
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Investments	3		210,000			210,000

Current assets
Debtors	4	17			5,100
Cash at bank and in hand		16,404			1,391
		16,421			6,491

Creditors: amounts falling due within one year	5	(7,412)			(9,666)

Net current assets/(liabilities)			9,009			(3,175)

Total assets less current liabilities			219,009			206,825

Creditors: amounts falling due after more than one year	6		(214,519)			(214,114)



Net assets/(liabilities)			4,490			(7,289)

Capital and reserves
Called up share capital			1			1
Profit and loss account			4,489			(7,290)

Shareholders' funds			4,490			(7,289)

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.




S T Glanville
Director
Approved by the board on 15 December 2025

Jolan Piccadilly Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	The accounts are presented in pounds sterling (£).

	The accounts are prepared on the historical cost basis except that investment properties are stated at their fair value.

	Going concern
	At the year end the company has net assets of £4,490 (2024: £7,289 liabilities) which includes a loan due to its parent company, Stampflat Limited, of £210,154. This loan was provided to allow the company to acquire a commercial rental property from which it will derive revenue. The parent company has confirmed it will not seek repayment of the loan for at least 12 months. This financial support means that the directors are confident that the company has sufficient resources to meet its liabilities as they fall due for at least 12 months from the date of approval of these accounts. Therefore these accounts are prepared on a going concern basis

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Investment Property
	Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Investment properties are stated at Cost. Rental income from investment property is accounted for as described in the turnover accounting policy.

	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.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					0		0

	The company had no employees during the current or preceeding financial years. No fees are paid in respect of directors' services.

3	Investments

Investment
Property
£
	Cost
	At 1 April 2024							210,000
	Additions							-
	Revaluation							-
	Disposals							-

	At 31 March 2025							210,000

4	Debtors					2025		2024
£							£

	Trade debtors					17		5,100


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Other creditors					7,412		9,666


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Amounts owed to group undertakings and undertakings in which the company has a participating interest					214,519		214,114


7	Related party transactions

	The company undertook the following transactions with entities whose directors include directors of this company:
		Transactions in the year				Amounts due from / (to)
		2025		2024		2025		2024
£			£		£		£

	API Limited
	Payments on account	-		-		(405)		-

	Stampflat Limited
	Payments on account	-		-		(3,960)		(3,960)
	Loan re purchase of property	-		210,154		(210,154)		(210,154)

	All related party balances are unsecured and will be settled by cash generated from operations.


8	Controlling party

	The company is a subsidiary of Stampflat Limited, a company registered in England and Wales whose registered address is the same as for Jolan Piccadilly Limited, which is disclosed on the company information page. The directors regard Stampflat Limited as the immediate controlling party. In the directors' opinion there is no ultimate controlling party as there is no single party which exercises control. The results of the company are not included in any group financial statements.


9	Other information

	Jolan Piccadilly Limited is a private company limited by shares and incorporated in England. Its registered office is:
	First Floor, Finchale House
	Belmont Business Park
	Durham
	DH1 1TW