REGISTERED NUMBER: 10649968 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Jay House Property Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

308

462

Investment property

5

4,280,943

4,222,646

4,281,251

4,223,108

CURRENT ASSETS

Debtors

6

22,315

15,880

Cash at bank

4,529

5,509

26,844

21,389

CREDITORS

Amounts falling due within one year

7

1,104,638

1,105,689

NET CURRENT LIABILITIES

(1,077,794

)

(1,084,300

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,203,457

3,138,808

CREDITORS

Amounts falling due after more than one year

8

(3,040,098

)

(3,033,979

)

PROVISIONS FOR LIABILITIES

(27,741

)

(2,017

)

NET ASSETS

135,618

102,812

CAPITAL AND RESERVES

Called up share capital

9

100

100

Fair value reserve

239,443

193,522

Retained earnings

(103,925

)

(90,810

)

SHAREHOLDERS' FUNDS

135,618

102,812

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 15 December 2025 and were signed by:

Mr Richard James Simpson Hewland - Director

1.	STATUTORY INFORMATION

Jay House Property Limited 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:

10649968

Registered office:

Unit 1 The Cam Centre

Wilbury Way

Hitchin

Hertfordshire

SG4 0TW

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.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover comprises the fair value of the consideration received or receivable on rental income from investment properties.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

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

At the balance sheet date the company had net current liabilities of £1,077,794 (2024: £1,084,300) and retained losses of £103,925 (2024: £90,810). At the time of approving the financial statements, the director has a reasonable expectation that the company has access to adequate resources to continue in operational existence for the foreseeable future. Thus, the director continues to adopt the going concern basis of accounting in preparing the financial statements

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Investment property

The investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. Any changes in fair value are recognised in the profit and loss account. The accounting policy is in accordance with FRS102.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

240

530

770

DEPRECIATION

At 1 April 2024

96

212

308

Charge for year

48

106

154

At 31 March 2025

144

318

462

NET BOOK VALUE

At 31 March 2025

96

212

308

At 31 March 2024

144

318

462

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

4,222,646

Additions

1,604

Revaluations

56,693

At 31 March 2025

4,280,943

NET BOOK VALUE

At 31 March 2025

4,280,943

At 31 March 2024

4,222,646

The investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. Any changes in fair value are recognised in the profit and loss account. The accounting policy is in accordance with FRS102.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2022

(165,878

)

Valuation in 2023

404,793

Valuation in 2025

56,692

Cost

3,985,336

4,280,943

The above amount is considered to be the open market value of the investment properties held at the balance sheet date as valued by the director.

Any property remortgaged during the period was subject to a valuation by an independent third party during the process of arranging mortgages on the properties concerned

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

22,315

15,880

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

12,995

9,489

Trade creditors

1,767

16,164

Other creditors

1,089,876

1,080,036

1,104,638

1,105,689

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Loans and borrowings

3,040,098

3,033,979

2025

2024

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank borrowings

2,980,082

2,960,968

Secured loans

60,016

73,011

3,040,098

3,033,979

Creditors due more than one year include mortgages which are secured of £2,980,082 (2024: £2,960,968) and secured loans of £60,016 (2024: £73,011).

The mortgages are secured against the properties to which they relate in favour of the lender.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1

100

100

10.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the director £327,558 (2024: £647,162). This balance is repayable on demand and interest is being charged at 3%.

At the balance sheet date, the company owed Jay House Commercial Ltd, a company under common control, £299,334 (2024: £43,818). This balance is repayable on demand and no interest is being charged.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Richard James Simpson Hewland.