Registered number
11378238
JOL Properties (NE) Limited
Filleted Accounts
31 July 2025

JOL Properties (NE) Limited
Registered number: | 11378238
Balance Sheet
as at 31 July 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 3 |  |  | 110,000 |  |  | 220,000
Current assets
Debtors | 4 |  | 625 |  |  | 1,200
Cash at bank and in hand |  |  | 10,397 |  |  | 2,124
|  |  | 11,022 |  |  | 3,324
Creditors: amounts falling due within one year | 5 |  | (5,352) |  |  | (2,640)
Net current assets |  |  |  | 5,670 |  |  | 684
Total assets less current liabilities |  |  |  | 115,670 |  |  | 220,684
Creditors: amounts falling due after more than one year | 6 |  |  | (108,532) |  |  | (172,143)
Provisions for liabilities |  |  |  | (3,997) |  |  | (7,872)
Net assets |  |  |  | 3,141 |  |  | 40,669
Capital and reserves
Called up share capital |  |  |  | 100 |  |  | 100
Profit and loss account |  |  |  | (14,000) |  |  | 7,009
Transfer of investment property gain revaluation to fair value non-distributable reserve
Fair value non-distributable reserve |  |  |  | 17,041 |  |  | 33,560
Shareholders' funds |  |  |  | 3,141 |  |  | 40,669
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Stephen Harper
Director
Approved by the board on 22 January 2026

JOL Properties (NE) Limited
Notes to the Accounts
for the year ended 31 July 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Turnover
| Turnover is measured at the fair value of the rent received and is recognised by reference to the date of receipt.
| Investments
| Investment properties measured at fair value. Changes in fair value are included in the profit and loss account.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 0 |  | 0
3 | Tangible fixed assets
|  |  |  |  |  |  |  | Land and buildings
£
| Cost
| At 1 August 2024 | 220,000
| Disposals | (110,000)
| At 31 July 2025 | 110,000
| Depreciation
| At 31 July 2025 | -
| Net book value
| At 31 July 2025 | 110,000
| At 31 July 2024 | 220,000
| Freehold land and buildings: | 2025 |  | 2024
£ | £
| Historical cost | 88,962 |  | 178,568
| Cumulative depreciation based on historical cost | - |  | -
|  |  |  |  |  | 88,962 |  | 178,568
4 | Debtors | 2025 |  | 2024
£ | £
| Other debtors | 625 |  | 1,200
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Trade creditors | 1,140 |  | 1,140
| Amounts owed to group undertakings and undertakings in which the company has a participating interest |  | 3,587 |  | -
| Tenants' bonds held |  |  |  |  | 625 |  | 1,200
| Taxation and social security costs | - |  | 300
|  |  |  |  |  | 5,352 |  | 2,640
6 | Creditors: amounts falling due after one year | 2025 |  | 2024
£ | £
| Bank loans | 69,045 |  | 132,656
| Other creditors | 39,487 |  | 39,487
|  |  |  |  |  | 108,532 |  | 172,143
7 | Loans | 2025 |  | 2024
£ | £
| Creditors include:
| Amounts payable otherwise than by instalment falling due for payment after more than five years |  | (69,045) |  | (132,656)
| Secured bank loans | (69,045) |  | (132,656)
| Loans are secured by way of mortgages on the investment properties.
8 | Fair value non-distributable reserve | 2025 |  | 2024
£ | £
| Gain on revaluation of investment properties |  | 21,038 |  | 41,432
| Provision for deferred taxation |  | (3,997) |  | (7,872)
| At 31 July 2025 | 17,041 |  | 33,560
9 | Other information
| JOL Properties (NE) Limited is a private company limited by shares and incorporated in England. Its registered office is:
| 8 Adelaide Row
| Seaham
| Co. Durham
| SR7 7EF

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