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
JG Professional And Student Lets Ltd
Statement of financial position
as at 31 March 2025
Investment property
16,542,906
13,741,359
Cash at bank and in hand
106,294
314,710
Creditors: amounts falling due within one year
(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
(4,572,312)
(4,636,398)
Provisions for liabilities
Deferred tax
(1,137,181)
(436,795)
Net assets
6,003,097
3,816,200
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
JG Professional And Student Lets Ltd
Notes to the Accounts
for the year ended 31 March 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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.
JG Professional And Student Lets Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
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.
Amounts falling due within one year
Accrued income and prepayments
9,388
-
Other debtors
111,032
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
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.
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).