REGISTERED NUMBER: 04227399 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

JGWCO 178 LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M A Joyce

REGISTERED OFFICE:

3 Park Square

Leeds

West Yorkshire

LS1 2NE

REGISTERED NUMBER:

04227399 (England and Wales)

ACCOUNTANTS:

Fortus Limited

3 Park Square East

Leeds

LS1 2NE

FIXED ASSETS

Investments

4

185,539

185,539

Investment property

5

1,477,877

1,456,507

1,663,416

1,642,046

CURRENT ASSETS

Debtors

6

176,721

294,822

Cash at bank

21,878

69,941

198,599

364,763

CREDITORS

Amounts falling due within one year

7

1,501,987

1,646,781

NET CURRENT LIABILITIES

(1,303,388

)

(1,282,018

)

TOTAL ASSETS LESS CURRENT LIABILITIES

360,028

360,028

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

360,027

360,027

SHAREHOLDERS' FUNDS

360,028

360,028

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 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 16 December 2025 and were signed by:

M A Joyce - Director

1.	STATUTORY INFORMATION

JGWCO 178 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.

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.

Turnover

Turnover represents property sales, excluding value added tax.

Investments in subsidiaries and associates

Investments in subsidiary and associate undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

Interest

group

in

undertakings

associate

Totals

£

£

£

COST

At 1 November 2023

and 31 October 2024

55

185,484

185,539

NET BOOK VALUE

At 31 October 2024

55

185,484

185,539

At 31 October 2023

55

185,484

185,539

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2023

1,456,507

Additions

21,370

At 31 October 2024

1,477,877

NET BOOK VALUE

At 31 October 2024

1,477,877

At 31 October 2023

1,456,507

The director has considered the fair value of the investment properties and believes that the carrying value within the financial statements at 31 October 2024 continues to be fair.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

10,070

8,325

Amounts owed by related undertakings

162,399

232,399

VAT

-

49,846

Prepayments and accrued income

4,252

4,252

176,721

294,822

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

1,482,055

1,637,238

VAT

11,389

-

Accruals and deferred income

8,543

9,543

1,501,987

1,646,781

8.	RELATED PARTY DISCLOSURES

Controlling parties

The company is controlled by M A Joyce through his beneficial interest in the parent company Precis (1638) Limited.

Related party transactions and balances

Amounts owed to related undertakings

2024

2023

£

£

Ratefield Limited

1,476,500

1,572,918

Precis (1638) Limited

5,555

64,320

Total owed to related undertakings

1,482,055

1,637,238

Amounts owed by related undertakings

AQH Micklegate (2015) Limited

140,432

140,432

Seacroft Approach Limited

21,967

91,967

Total owed by related undertakings

162,399

232,399

Interest paid to related undertakings

Ratefield Limited

19,296

19,027

Precis (1638) Limited

1,415

-

Total interest paid to related undertakings

20,711

19,027

During the year the company paid a management charge to Ratefield Limited of £159,286 (2023: £147,981).

During the year the company received management charges from Precis (1638) Limited of £120,180 (2023: £nil).

During the year the company received management charges from Seacroft Approach Limited of £nil (2023: £105,832). Seacroft Approach Limited is a related party via common control.

9.	ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of its director, M A Joyce, through his beneficial interest in the ultimate parent company, Precis (1638) Limited.