Company No: 14885963 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	37,198		0
		37,198		0
Current assets
Debtors	4	710,641		682,000
Cash at bank and in hand		621,662		0
		1,332,303		682,000
Creditors: amounts falling due within one year	5	( 1,130,708)		( 608,691)
Net current assets		201,595		73,309
Total assets less current liabilities		238,793		73,309
Provision for liabilities		( 9,300)		0
Net assets		229,493		73,309
Capital and reserves
Called-up share capital	6	2		2
Profit and loss account		229,491		73,307
Total shareholders' funds		229,493		73,309

For the financial year ending 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 financial statements for the financial year 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 financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of JFL Property Services Limited (registered number: 14885963) were approved and authorised for issue by the Board of Directors on 17 December 2025. They were signed on its behalf by:

Mr A B Cox Director

Mrs J M Cox Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

JFL Property Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Churchway, Haccombe, Newton Abbot, TQ12 4SJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

There are no material departures from FRS 102.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents interest receivable and fees on loans advanced to customers. This turnover of the company is not subject to VAT.

Interest receivable is recognised as revenue evenly over the term of the loan agreement. Interest accrued is added to the value of the loan due from the customer.

Fees charged to customers upon advance and repayment of a loan are recognised as revenue on the date that the transactions occur.

Turnover from the supply of consultancy services and property renovation services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery	5 years straight line
Vehicles	20 % reducing balance
Computer equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		0

3. Tangible assets

	Plant and machinery		Vehicles		Computer equipment		Total
	£		£		£		£
Cost
At 01 April 2024	0		0		0		0
Additions	2,867		40,476		3,364		46,707
At 31 March 2025	2,867		40,476		3,364		46,707
Accumulated depreciation
At 01 April 2024	0		0		0		0
Charge for the financial year	573		8,095		841		9,509
At 31 March 2025	573		8,095		841		9,509
Net book value
At 31 March 2025	2,294		32,381		2,523		37,198
At 31 March 2024	0		0		0		0

4. Debtors

	2025		2024
	£		£
Trade debtors	702,641		601,000
Accrued income	8,000		81,000
	710,641		682,000

Included in Trade debtors is £650,000 relating to loans to customers. The loans to customers are due less than one year so classified as current.

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	6,316		990
Amounts owed to directors	1,014,531		582,901
Accruals	52,300		2,000
Corporation tax	41,582		22,800
Other taxation and social security	15,756		0
Other creditors	223		0
	1,130,708		608,691

6. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each	2		2

7. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Balance owed to Director 1	304,359		174,870
Balance owed to Director 2	710,172		408,031

During the year, the directors have a loan with the company. Interest of 6% is payable on the balance and the loan is repayable on demand.