JACOBS & NEALE PROPERTIES LTD


Director	Neale, Bruce Edward


Registered Address	42 Lytton Road
	Barnet
	EN5 5BY


Registered Number	13003739 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
ASSETS
Fixed assets
Investment property	3		6,291,163		4,430,000
			6,291,163		4,430,000
Current assets
Debtors	4	3,435		3,395
Cash at bank and in hand		44,407		452,921
		47,842		456,316
			47,842		456,316
			6,339,005		4,886,316
CAPITAL, RESERVES AND LIABILITIES
Capital and reserves
Called up share capital			100		100
Share premium account			2,031,260		2,031,260
Revaluation reserve			682,289		146,610
Profit and loss account			(3,298)		(79,834)
			2,710,351		2,098,136
Liabilities
Creditors amounts falling due within one year	5		1,077,124		429,690
Creditors amounts falling due after one year	6		2,324,100		2,324,100
Provisions for liabilities	8		(227,430)		(34,390)
			6,339,005		4,886,316

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 30 December 2025, and are signed on its behalf by:

Neale, Bruce Edward
Director
Registered Company No. 13003739

JACOBS & NEALE PROPERTIES LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	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).

	Functional and presentation currency
	The presentation currency of the financial statements is the Pound Sterling (£).

	Turnover policy
	Rental income from investment properties is recognised on a straight‑line basis over the period of the lease. Rental income is measured at the fair value of the consideration received or receivable, excluding VAT. Income is recognised only when the company has an unconditional right to receive the amounts due under the lease agreement.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Investment property


		£
	Fair value at 01 April 24	4,430,000
	Additions	1,132,444
	Fair value adjustments	728,719
	At 31 March 25	6,291,163

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Prepayments and accrued income	3,435	3,395
Total	3,435	3,395

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Other creditors	1,046,724	399,790
Accrued liabilities and deferred income	30,400	29,900
Total	1,077,124	429,690

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	2,324,100	2,324,100
Total	2,324,100	2,324,100

7.	Secured creditors
	Bank loans are secured against investment properties held by the company by fixed and floating charges.

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	227,430	34,390
Total	227,430	34,390

9.	Related party transactions
	As at the balance sheet date, included in creditors due within one year is £1,043,955 (2024: £397,021), due and payable to the directors. The amount is interest-free and repayable on demand.