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Company Registration No. 03498184 (England and Wales)
JVS Properties Limited Unaudited accounts for the year ended 5 April 2025
JVS Properties Limited Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
JVS Properties Limited Company Information for the year ended 5 April 2025
Directors
Jyotika Bharat Shah Vinodchandra Raishi Shah
Secretary
Jyotika Bharat Shah
Company Number
03498184 (England and Wales)
Registered Office
Unit 2 Anila House Concord Business Centre Concord Road Acton W3 0TJ
Accountants
Charterwells Suite 8, 2nd Floor 43-45 High Road Bushey Heath WD23 1EE
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of JVS Properties Limited for the year ended 5 April 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of JVS Properties Limited for the year ended 5 April 2025 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Charterwells Chartered Accountants Suite 8, 2nd Floor 43-45 High Road Bushey Heath WD23 1EE 2 January 2026
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JVS Properties Limited Statement of financial position as at 5 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,799,336
1,799,336
Current assets
Debtors
5
785,192
723,680
Cash at bank and in hand
232,898
185,281
1,018,090
908,961
Creditors: amounts falling due within one year
6
(58,791)
(63,485)
Net current assets
959,299
845,476
Total assets less current liabilities
2,758,635
2,644,812
Creditors: amounts falling due after more than one year
7
(335,533)
(376,548)
Net assets
2,423,102
2,268,264
Capital and reserves
Called up share capital
8
1,000
1,000
Revaluation reserve
151,750
151,750
Profit and loss account
2,270,352
2,115,514
Shareholders' funds
2,423,102
2,268,264
For the year ending 5 April 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 2 January 2026 and were signed on its behalf by
Jyotika Bharat Shah Director Company Registration No. 03498184
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JVS Properties Limited Notes to the Accounts for the year ended 5 April 2025
1
Statutory information
JVS Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 03498184. The registered office is Unit 2 Anila House, Concord Business Centre, Concord Road, Acton, W3 0TJ.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value-added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
Tangible fixed assets and depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Land & buildings
No Depreciation
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JVS Properties Limited Notes to the Accounts for the year ended 5 April 2025
Taxation
The income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expenses that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognized on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognized for all taxable timing differences. Deferred tax assets are generally recognized for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilized. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realized, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 6 April 2024
1,799,336
At 5 April 2025
1,799,336
Depreciation
At 5 April 2025
-
Net book value
At 5 April 2025
1,799,336
At 5 April 2024
1,799,336
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
785,192
723,680
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JVS Properties Limited Notes to the Accounts for the year ended 5 April 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
(680)
-
Taxes and social security
50,724
53,949
Other creditors
7,905
7,904
Loans from directors
842
32
Accruals
-
1,600
58,791
63,485
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
264,035
302,213
Other creditors
71,498
74,335
335,533
376,548
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
9
Average number of employees
During the year the average number of employees was 2 (2024: 0).
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