REGISTERED NUMBER: 08350620 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2025

FOR

J.E.G. PROPERTIES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss E N Joannou

Mr G D Joannou

Mr J Joannou

Mrs V Nicolaou

REGISTERED OFFICE:

c/o Michael Filiou Ltd

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

REGISTERED NUMBER:

08350620 (England and Wales)

ACCOUNTANTS:

Michael Filiou Ltd

Chartered Certified Accountants

www.michaelfiliou.com

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

FIXED ASSETS

Tangible assets

5

210

281

Investment property

6

1,504,037

1,504,037

1,504,247

1,504,318

CURRENT ASSETS

Debtors

670

751

Cash at bank

60,674

28,105

61,344

28,856

CREDITORS

Amounts falling due within one year

119,858

120,056

NET CURRENT LIABILITIES

(58,514

)

(91,200

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,445,733

1,413,118

CREDITORS

Amounts falling due after more than one year

(1,094,355

)

(1,110,267

)

PROVISIONS FOR LIABILITIES

8

(53

)

(53

)

NET ASSETS

351,325

302,798

CAPITAL AND RESERVES

Called up share capital

9

900

900

Retained earnings

350,425

301,898

SHAREHOLDERS' FUNDS

351,325

302,798

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 January 2026 and were signed on its behalf by:

Mrs V Nicolaou - Director

1.	STATUTORY INFORMATION

J.E.G. Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements are presented in Sterling (£) which is the functional currency of the company.

Turnover

Turnover is rental income measured at fair value of rent received or receivable, excluding refunds or rebates, from property owned by the company.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the asset capable of operating as intended.

The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Investment property

Investment property is shown at most recent valuation and is held for long-term investment. Investment property is initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment property whose fair value can be measured reliably is carried at fair value. The surplus or deficit is recognised in the income statement accumulated in fair value reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the income statement for the period. The company engages independent valuers to assist the directors in determining fair value. Deferred taxation is provided on these gains at the rate expected to apply until the property is disposed.

If a reliable measure of fair value is not available without incurring undue costs or effort it shall be transferred to property, plant and equipment and accounted for under the cost model until it is expected that fair value will be reliably measurable on an on-going basis.

Depreciation is not provided in respect of such property in accordance to FRS 102 Chapter 16 Investment Property.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 31 March 2024

and 30 March 2025

1,462

DEPRECIATION

At 31 March 2024

1,181

Charge for year

71

At 30 March 2025

1,252

NET BOOK VALUE

At 30 March 2025

210

At 30 March 2024

281

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 31 March 2024

and 30 March 2025

1,504,037

NET BOOK VALUE

At 30 March 2025

1,504,037

At 30 March 2024

1,504,037

The historical cost of investment property held at valuation in land and building is £1,504,037. The directors are of opinion that this valuation remain appropriate as at the reporting date.

7.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due between two and five years:

Heldon Ltd

928,115

928,115

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

53

53

Deferred

tax

£

Balance at 31 March 2024

53

Balance at 30 March 2025

53

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

900

Ordinary shares

£1

900

900

10.	RELATED PARTY DISCLOSURES

Loan from director

Shown under other creditors (amounts falling due after more than one year) as at the reporting date is the amount £166,240 (2024 - £182,152) owed to a director by the company. This amount is interest-free and unsecured.

Heldon Limited

As at the reporting date, the company owed £928,115 (2024 - £928,115) to Heldon Limited, a company incorporated in England and Wales in which all the directors are directors of. This amount is interest-free and unsecured.

Andronika Limited

Shown under other creditors (amounts falling due within one year) as at the reporting date is the amount £93,154 (2024 £93,154) owed by the company to Andronika Limited, a company incorporated in England and Wales in which Miss Elida Joannou is a director and shareholder. This amount is interest-free and unsecured.

11.	ULTIMATE CONTROLLING PARTY

There is no one single controlling party.