JGL Property Limited

JGL Property Limited
Directors' Report
For the year ended 31 March 2025

Director's report and financial statements

The directors present their annual report and the financial statements for the year ended 31 March 2025

Principal activities

The principal activity of the company in the year under review was that of residential property letting.

Directors

The directors who have held office during the whole of the year were as follows:

Mrs G M Lord

Mr R J Lord

Statement of directors' responsibilities

The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to

select suitable accounting policies and then apply them consistently
make judgments and accounting estimates that are reasonable and prudent
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:

----------------------------------
Mrs G M Lord
Director

Date approved: 15 December 2025

JGL Property Limited
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	297,000	160,129
		297,000	160,129
Current assets
Debtors	4	150	-
Cash at bank and in hand		7,018	34,924
		7,168	34,924
Creditors: amount falling due within one year	5	(92,744)	(74,506)
Net current assets		(85,576)	(39,582)

Total assets less current liabilities		211,424	120,547
Creditors: amount falling due after more than one year	6	(215,640)	(110,930)
Provisions for liabilities	7	(3,945)	(4,588)
Net assets		(8,161)	5,029

Capital and reserves
Called up share capital		2	2
Profit and loss account		(8,163)	5,027
Shareholders' funds		(8,161)	5,029

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 15 December 2025 and were signed on its behalf by:

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Mrs G M Lord
Director

JGL Property Limited
Notes to the Financial Statements
For the year ended 31 March 2025

General Information

JGL Property Limited is a private company, limited by shares, registered in England and Wales, registration number 10660608, registration address 5 Sandy Court, Ashleigh Way, Plympton, Devon, PL7 5JX.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

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)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

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 taxation

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.

Tangible fixed assets

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

Computer Equipment

3 Years Straight Line

Investment properties

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.

2.	Average number of employees Average number of employees during the year was 0 (2024 : 0).

Tangible fixed assets

Cost or valuation	Computer Equipment	Investment properties	Total
	£	£	£
At 01 April 2024	387	160,000	160,387
Additions	-	140,253	140,253
Disposals	-	-	-
Revaluations	-	(3,253)	(3,253)
At 31 March 2025	387	297,000	297,387
Depreciation
At 01 April 2024	258	-	258
Charge for year	129	-	129
On disposals	-	-	-
At 31 March 2025	387	-	387
Net book values
Closing balance as at 31 March 2025	-	297,000	297,000
Opening balance as at 01 April 2024	129	160,000	160,129

Investment property

Investment property is shown at the most recent valuation. Any aggregate surplus' or deficits arising from changes in the market value are recognised in the profit or loss.

Investment properties have been valued as at 31st March 2025 on the basis of their open market value with vacant possession by the Director Mr R J Lord.

Fair value as at 31 March 2025 is represented by:

		2025 £
Valuation in 2025		(3,253)
Valuation in 2024		10,000
Valuation in 2023		10,000
Valuation in 2022		4,017
Cost		276,236
		297,000

Debtors: amounts falling due within one year

	2025 £		2024 £
Other Debtors	150		-
	150		-

Creditors: amount falling due within one year

	2025 £		2024 £
Other Creditors	92,744		74,506
	92,744		74,506

Creditors: amount falling due after more than one year

	2025 £		2024 £
Bank Loans & Overdrafts	215,640		110,930
	215,640		110,930

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	3,945		4,588
	3,945		4,588

8.	Reserves The retained earnings include a non-distributable amount of £20,764 from revaluation adjustments under FRS 102.

9.	Controlling party The company is under the control of its directors.

Registered Number: 10660608
England and Wales
Unaudited Financial Statements

for the year ended 31 March 2025
for
JGL PROPERTY LIMITED