REGISTERED NUMBER: 11254336 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

JUTE LEEDS LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

Directors:

R Kyle

T J Mihill

Registered office:

C/O Foresight Group

The Shard

32 London Bridge Street

London

SE1 9SG

Registered number:

11254336 (England and Wales)

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

Principal activity

The principal activity of the company in the year under review was that of student accommodation.

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

Small company exemption

In preparing this report, the Directors have taken advantage of the small companies exemption provided by section 414B of the Companies Act 2006, not to provide a Strategic Report.

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.

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

Turnover

1,166,438

1,525,210

Administrative expenses

(831,768

)

(849,209

)

334,670

676,001

Other operating income

(4,435

)

(12,024

)

Operating profit

330,235

663,977

Interest payable and similar expenses

(1,882,130

)

(1,507,648

)

Loss before taxation

(1,551,895

)

(843,671

)

Tax on loss

4

-

-

Loss for the financial year

(1,551,895

)

(843,671

)

Fixed assets

Investment property

5

33,410,917

30,538,317

Current assets

Debtors

6

1,379,133

3,106,360

Cash at bank

706,149

2,438,461

2,085,282

5,544,821

Creditors

Amounts falling due within one year

7

(3,531,624

)

(2,066,668

)

Net current (liabilities)/assets

(1,446,342

)

3,478,153

Total assets less current liabilities

31,964,575

34,016,470

Creditors

Amounts falling due after more than one year

8

(34,100,000

)

(34,600,000

)

Net liabilities

(2,135,425

)

(583,530

)

Capital and reserves

Called up share capital

1

1

Retained earnings

(2,135,426

)

(583,531

)

(2,135,425

)

(583,530

)

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.

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

1.	Statutory information

Jute Leeds 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.

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

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.

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.

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.

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.

3.	Employees and directors

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

4.

Taxation

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

31.03.25

31.03.24

£

£

Current Tax:

Uk Corporation tax

-387,974

-210,918

Deferred Tax

(256,055

)

(256,055

)

Group Relief

387,974

210,918

Tax on Profit

0

0

5.	Investment property

Total

£

Fair value

At 1 April 2024

30,538,317

Additions

2,872,600

At 31 March 2025

33,410,917

Net book value

At 31 March 2025

33,410,917

At 31 March 2024

30,538,317

6.

Debtors

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Other debtors

865,471

361,564

Amounts falling due after more than one year:

Other debtors

513,662

2,744,796

Aggregate amounts

1,379,133

3,106,360

7.

Creditors: amounts falling due within one year

31.3.25

31.3.24

£

£

Trade creditors

131,823

320,696

Amounts owed to group undertakings

3,383,778

1,501,648

Other creditors

16,023

244,324

3,531,624

2,066,668

8.

Creditors: amounts falling due after more than one year

31.3.25

31.3.24

£

£

Amounts owed to group undertakings

34,100,000

34,600,000