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Company Registration No. 06317509 (England and Wales)
JG Professional And Student Lets Ltd Unaudited accounts for the year ended 31 March 2025
JG Professional And Student Lets Ltd Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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JG Professional And Student Lets Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
5
16,542,906
13,741,359
Current assets
Debtors
6
120,420
111,032
Cash at bank and in hand
106,294
314,710
226,714
425,742
Creditors: amounts falling due within one year
7
(5,057,030)
(5,277,708)
Net current liabilities
(4,830,316)
(4,851,966)
Total assets less current liabilities
11,712,590
8,889,393
Creditors: amounts falling due after more than one year
8
(4,572,312)
(4,636,398)
Provisions for liabilities
Deferred tax
(1,137,181)
(436,795)
Net assets
6,003,097
3,816,200
Capital and reserves
Called up share capital
777,964
777,964
Profit and loss account
5,225,133
3,038,236
Shareholders' funds
6,003,097
3,816,200
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2025 and were signed on its behalf by
Jonathan Gauld Director Company Registration No. 06317509
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JG Professional And Student Lets Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
JG Professional And Student Lets Ltd is a private company, limited by shares, registered in England and Wales, registration number 06317509. The registered office is Unit 17 Foundry Business Park, Seagar Road, Faversham, ME13 7FD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration receivable for rents in the period.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
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 accounts. 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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JG Professional And Student Lets Ltd Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 April 2024
64,745
At 31 March 2025
64,745
Depreciation
At 1 April 2024
64,745
At 31 March 2025
64,745
Net book value
At 31 March 2025
-
5
Investment property
2025
£
Fair value at 1 April 2024
13,741,359
Net gain from fair value adjustments
2,801,547
At 31 March 2025
16,542,906
Investment property comprises properties held by the company for rental income purposes. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
9,388
-
Other debtors
111,032
111,032
120,420
111,032
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
95,000
95,000
Trade creditors
8,486
7,561
Taxes and social security
37,890
70,074
Other creditors
4,915,654
5,105,073
5,057,030
5,277,708
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
4,572,312
4,636,398
The loans are secured against the investment property.
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JG Professional And Student Lets Ltd Notes to the Accounts for the year ended 31 March 2025
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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