J.RACE PROPERTY LTD

Company Registration Number:
15576266 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2025

Period of accounts

Start date: 19 March 2024

End date: 31 March 2025

J.RACE PROPERTY LTD

Contents of the Financial Statements

for the Period Ended 31 March 2025

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

J.RACE PROPERTY LTD

Profit And Loss Account

for the Period Ended 31 March 2025

2025


£
Turnover: 2,280
Cost of sales: ( 754 )
Gross profit(or loss): 1,526
Distribution costs: 0
Administrative expenses: ( 292 )
Other operating income: 0
Operating profit(or loss): 1,234
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: 1,234
Tax: ( 234 )
Profit(or loss) for the financial year: 1,000

J.RACE PROPERTY LTD

Balance sheet

As at 31 March 2025

Notes 2025


£
Called up share capital not paid: 0
Fixed assets
Intangible assets:   0
Tangible assets: 3 60,000
Investments:   0
Total fixed assets: 60,000
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 200
Investments:   0
Total current assets: 200
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 4 ( 18,528 )
Net current assets (liabilities): (18,328)
Total assets less current liabilities: 41,672
Creditors: amounts falling due after more than one year: 5 ( 43,800 )
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): (2,128)
Capital and reserves
Called up share capital: 1
Share premium account: 0
Other reserves: 0
Profit and loss account: (2,129 )
Total Shareholders' funds: ( 2,128 )

The notes form part of these financial statements

J.RACE PROPERTY LTD

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption 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.

This report was approved by the board of directors on 21 December 2025
and signed on behalf of the board by:

Name: Jack Race
Status: Director

The notes form part of these financial statements

J.RACE PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Other accounting policies

    Basis of Preparation The financial statements have been prepared under the historical cost convention and in accordance with applicable UK Generally Accepted Accounting Practice (UK GAAP). Revenue Recognition Rental income is recognised on an accruals basis, meaning income is recognised when earned rather than when received. Fixed Assets Fixed assets are stated at historical cost. The property is recorded at its cost of £60,000. Depreciation is not charged in line with the company's accounting policy for investment properties. Related Party Transactions The company has a director’s loan balance of £18,293.70, representing funds owed by the company to the director. This is disclosed in the notes. Corporation Tax Corporation tax is provided based on taxable profits for the year, calculated at the appropriate UK corporation tax rate. Going Concern The financial statements have been prepared on a going concern basis, as the directors consider that the company has adequate resources to continue in operational existence

J.RACE PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees

    2025
    Average number of employees during the period 1

J.RACE PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 60,000 60,000
Disposals
Revaluations
Transfers
At 31 March 2025 60,000 60,000
Depreciation
Charge for year
On disposals
Other adjustments
At 31 March 2025
Net book value
At 31 March 2025 60,000 60,000

J.RACE PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Creditors: amounts falling due within one year note

2025
£
Other creditors 18,528
Total 18,528

J.RACE PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Creditors: amounts falling due after more than one year note

2025
£
Bank loans and overdrafts 43,800
Total 43,800