Jesham Properties Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09867052

Jesham Properties Ltd

Filleted Unaudited Financial Statements

31 December 2024

Jesham Properties Ltd

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	581,000	581,000
Investments	6	16,129	16,129
		---------	---------
		597,129	597,129

Current assets

Debtors	7	55,179	12,736
Cash at bank and in hand		546	20,638
		--------	--------
		55,725	33,374

Creditors: amounts falling due within one year	8	560,165	555,753
		---------	---------
Net current liabilities		504,440	522,379
		---------	---------
Total assets less current liabilities		92,689	74,750

Provisions	9,520	9,520
	--------	--------
Net assets	83,169	65,230
	--------	--------

Capital and reserves

Called up share capital	10	100	100
Revaluation reserve		28,561	28,561
Profit and loss account		54,508	36,569
		--------	--------
Shareholder funds		83,169	65,230
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Jesham Properties Ltd

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 3 December 2025 , and are signed on behalf of the board by:

N. Valamootoo

Director

Company registration number: 09867052

Jesham Properties Ltd

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

Jesham Properties Limited is a private company limited by shares incorporated in England within the United Kingdom, registration number 09867052 . Its registered office is 99 Kenton Road, Harrow, HA3 0AN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company meets its day to day working capital requirements with the support of its parent company and other group companies. The directors are therefore satisfied that the company can meet its obligations as they fall due for a period of at least 12 months from the date of signing of these financial statements. As such, the directors believe it is appropriate to prepare the financial statements on a going concern basis which assumes that the company will continue in operational existence in the future with the continued support of the parent company and other group companies. These financial statements do not include any adjustments that would result from the withdrawal of the support of the parent company and other group companies.

Revenue recognition

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment properties

Investment properties are carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the statement of Comprehensive Income.

Any surplus on fair valuation is transferred to the revaluation reserve net of deferred tax.

Income tax

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that: - The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Company can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Unlisted investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Debtors

Short term debtors are measured at transaction price, less any impairment. Long term debtors are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics .

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).

5. Tangible assets

	Freehold property	Long leasehold property	Total
	£	£	£
Cost
At 1 January 2024 and 31 December 2024	311,000	270,000	581,000
	---------	---------	---------
Depreciation
At 1 January 2024 and 31 December 2024	–	–	–
	---------	---------	---------
Carrying amount
At 31 December 2024	311,000	270,000	581,000
	---------	---------	---------
At 31 December 2023	311,000	270,000	581,000
	---------	---------	---------

Included within the above is investment property as follows:

	£
	---------
At 1 January 2024 and 31 December 2024	581,000
	---------

No changes in the valuations for 2024.

6. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2024 and 31 December 2024	16,129
	--------
Impairment
At 1 January 2024 and 31 December 2024	–
	--------

Carrying amount
At 31 December 2024	16,129
	--------
At 31 December 2023	16,129
	--------

7. Debtors

	2024	2023
	£	£
Amounts owed by group undertakings	55,179	12,736
	--------	--------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Amounts owed to group undertakings	549,433	500,001
Accruals and deferred income	2,490	7,089
Corporation tax	5,796	4,673
Other creditors	2,446	43,990
	---------	---------
	560,165	555,753
	---------	---------

9. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2024	2023
	£	£
Included in provisions	9,520	9,520
	-------	-------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2024	2023
	£	£
Revaluation of tangible assets	9,520	9,520
	-------	-------

10. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

11. Controlling party

The ultimate parent company is Raptor Capital Limited , a company incorporated in the United Kingdom. There is not considered to be a single controlling party.