IRIS Accounts Production v24.3.2.46 09176007 Board of Directors 1.4.24 31.3.25 31.3.25 student accommodation 0 0 false true false false true false Fair value model 0 0 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 09176007 2024-03-31 09176007 2025-03-31 09176007 2024-04-01 2025-03-31 09176007 2023-03-31 09176007 2023-04-01 2024-03-31 09176007 2024-03-31 09176007 ns15:EnglandWales 2024-04-01 2025-03-31 09176007 ns14:PoundSterling 2024-04-01 2025-03-31 09176007 ns10:Director1 2024-04-01 2025-03-31 09176007 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09176007 ns10:SmallEntities 2024-04-01 2025-03-31 09176007 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 09176007 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 09176007 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09176007 ns10:FullAccounts 2024-04-01 2025-03-31 09176007 ns10:Director2 2024-04-01 2025-03-31 09176007 ns10:RegisteredOffice 2024-04-01 2025-03-31 09176007 ns5:CurrentFinancialInstruments 2025-03-31 09176007 ns5:CurrentFinancialInstruments 2024-03-31 09176007 ns5:Non-currentFinancialInstruments 2025-03-31 09176007 ns5:Non-currentFinancialInstruments 2024-03-31 09176007 ns5:ShareCapital 2025-03-31 09176007 ns5:ShareCapital 2024-03-31 09176007 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 09176007 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 09176007 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 09176007 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31

REGISTERED NUMBER: 09176007 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

JUTE DUNDEE LIMITED

JUTE DUNDEE LIMITED (REGISTERED NUMBER: 09176007)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

Company Information | 1 |

Report of the Directors | 2 |

Income Statement | 3 |

Balance Sheet | 4 |

Notes to the Financial Statements | 6 |

JUTE DUNDEE LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| Directors: | R Kyle

| T J Mihill

| Registered office: | C/o Foresight Group Llp The Shard

| 32 London Bridge Street

| London

| SE1 9SG

| Registered number: | 09176007 (England and Wales)

JUTE DUNDEE LIMITED (REGISTERED NUMBER: 09176007)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 MARCH 2025

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

Directors

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

R Kyle

T J Mihill

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

On behalf of the board:

T J Mihill - Director

23 December 2025

JUTE DUNDEE LIMITED (REGISTERED NUMBER: 09176007)

INCOME STATEMENT

FOR THE YEAR ENDED 31 MARCH 2025

31.3.25 | 31.3.24 |

| Notes | £ | £

Turnover | 1,562,885 |  | 1,292,536 |  |

Administrative expenses | (419,853 | ) | (1,168,023 | ) |

1,143,032 |  | 124,513 |  |

Other operating income | 16,892 |  | 4,643 |  |

Operating profit | 1,159,924 |  | 129,156 |  |

Interest payable and similar expenses | (869,565 | ) | (836,191 | ) |

Profit/(loss) before taxation | 290,359 |  | (707,035 | ) |

Tax on profit/(loss) | 5 | 268,050 |  | - |  |

Profit/(loss) for the financial year | 558,409 |  | (707,035 | ) |

JUTE DUNDEE LIMITED (REGISTERED NUMBER: 09176007)

BALANCE SHEET

31 MARCH 2025

31.3.25 | 31.3.24 |

| Notes | £ | £

Fixed assets

Investment property | 6 | 16,130,093 |  | 15,959,472 |  |

Current assets

Debtors | 7 | 471,655 |  | 214,967 |  |

Cash at bank | 1,274,613 |  | 923,364 |  |

1,746,268 |  | 1,138,331 |  |

Creditors

Amounts falling due within one year | 8 | (3,036,980 | ) | (2,566,831 | ) |

Net current liabilities | (1,290,712 | ) | (1,428,500 | ) |

Total assets less current liabilities | 14,839,381 |  | 14,530,972 |  |

Creditors

Amounts falling due after more than one year | 9 | (15,750,000 | ) | (16,000,000 | ) |

Net liabilities | (910,619 | ) | (1,469,028 | ) |

Capital and reserves

Called up share capital | 1 |  | 1 |  |

Retained earnings | (910,620 | ) | (1,469,029 | ) |

(910,619 | ) | (1,469,028 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

JUTE DUNDEE LIMITED (REGISTERED NUMBER: 09176007)

BALANCE SHEET - continued

31 MARCH 2025

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

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

T J Mihill - Director

JUTE DUNDEE LIMITED (REGISTERED NUMBER: 09176007)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | Statutory information

| Jute Dundee 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. | Accounting policies

| Basis of preparing the financial statements

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

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Going concern

| After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. | Employees and directors

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

4. | Exceptional items

31.3.25 | 31.3.24 |

| £ | £

| Exceptional items | - |  | 145,876 |  |

5. | Taxation

| The tax charge on the profit for the year was as follows

|  | 31.03.25 |  |  | 31.03.24 |  |

| £ |  |  | £ |  |

| Current Tax: |  |

| Uk Corporation tax |  |  | 68367 |  |  | -176759 |  |

| Deferred Tax |  |  | -268050 |  |  | 0 |  |

| Group Relief |  |  | -68367 |  |  | 176759 |  |

| Tax on Profit |  |  | 0 |  |  | 0 |  |

JUTE DUNDEE LIMITED (REGISTERED NUMBER: 09176007)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

6. | Investment property

Total |

| £

| Fair value

| At 1 April 2024 | 15,959,472 |  |

| Additions | 170,621 |  |

| At 31 March 2025 | 16,130,093 |  |

| Net book value

| At 31 March 2025 | 16,130,093 |  |

| At 31 March 2024 | 15,959,472 |  |

7. | Debtors: amounts falling due within one year |

31.3.25 | 31.3.24 |

| £ | £

| Other debtors | 471,655 |  | 214,967 |  |

8. | Creditors: amounts falling due within one year |

31.3.25 | 31.3.24 |

| £ | £

| Trade creditors | 99,940 |  | (3,871 | ) |

| Amounts owed to group undertakings | 2,572,586 |  | 1,724,501 |  |

| Other creditors | 364,454 |  | 846,201 |  |

3,036,980 |  | 2,566,831 |  |

9. | Creditors: amounts falling due after more than one year |

31.3.25 | 31.3.24 |

| £ | £

| Amounts owed to group undertakings | 15,750,000 |  | 16,000,000 |  |

10. | Related party disclosures

| Jute Holdings Limited is considered a related party by virtue of common directors. There was a long term loan of £16,000,000 from Jute Holdings Limited to the company, all of which was outstanding at the year end. £836,191 of interest was accrued on the loan during the year, all of which was outstanding at the year end.

11. | Ultimate controlling party

| The ultimate controlling party is Averon Park Limited.