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COMPANY REGISTRATION NUMBER: 6023167

JLaty Property Limited

Filleted Unaudited Financial Statements

30 April 2025

JLaty Property Limited

Statement of Financial Position

30 April 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 1,837,276 | 1,840,137

Current assets

Debtors | 6 | 210 |  | 485
Cash at bank and in hand | 137,107 |  | 132,106
| --------- |  | ---------
| 137,317 |  | 132,591

Creditors: amounts falling due within one year | 7 | 9,964 |  | 20,162
| --------- |  | ---------
Net current assets |  | 127,353 | 112,429
|  | ------------ | ------------
Total assets less current liabilities |  | 1,964,629 | 1,952,566

Provisions

Taxation including deferred tax |  | 96,826 | 97,369
|  | ------------ | ------------
Net assets |  | 1,867,803 | 1,855,197
|  | ------------ | ------------

Capital and reserves

Called up share capital |  | 71 | 71
Capital redemption reserve |  | 29 | 29
Fair value reserve |  | 412,559 | 414,801
Profit and loss account |  | 1,455,144 | 1,440,296
|  | ------------ | ------------
Shareholders funds |  | 1,867,803 | 1,855,197
|  | ------------ | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

JLaty Property Limited

Statement of Financial Position (continued)

30 April 2025
These financial statements were approved by the board of directors and authorised for issue on 6 January 2026 , and are signed on behalf of the board by:

Mrs Y Eastman |
Director |

Company registration number: 6023167

JLaty Property Limited

Notes to the Financial Statements

Year ended 30 April 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is TML House, 1a The Anchorage, Gosport, Hampshire, PO12 1LY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
No significant judgements have been made by the director in preparing these financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
All fixed assets are initially recorded at cost. Investment properties which comprise properties held for rental, are shown at open market value. Any aggregate surplus or deficit is transferred to the investment revaluation reserve, except where a deficit is deemed permanent when it is taken to the profit and loss account.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Fixtures and fittings | - | 25% reducing balance

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4. Tax on profit
Major components of tax expense

| 2025 | 2024
| £ | £

Current tax:

UK current tax expense | 4,361 | 16,070
Adjustments in respect of prior periods | – | ( 3)
| ------- | --------
Total current tax | 4,361 | 16,067
| ------- | --------

Deferred tax:

Origination and reversal of timing differences | ( 543) | 11,654
| ------- | --------
Tax on profit | 3,818 | 27,721
| ------- | --------

5. Tangible assets

| Land and buildings | Fixtures and fittings | Total
| £ | £ | £
Cost or valuation |  |  |
At 1 May 2024 | 1,839,768 | 2,466 | 1,842,234
Revaluations | ( 2,768) | – | ( 2,768)
| ------------ | ------- | ------------
At 30 April 2025 | 1,837,000 | 2,466 | 1,839,466
| ------------ | ------- | ------------
Depreciation |  |  |
At 1 May 2024 | – | 2,097 | 2,097
Charge for the year | – | 93 | 93
| ------------ | ------- | ------------
At 30 April 2025 | – | 2,190 | 2,190
| ------------ | ------- | ------------
Carrying amount |  |  |
At 30 April 2025 | 1,837,000 | 276 | 1,837,276
| ------------ | ------- | ------------
At 30 April 2024 | 1,839,768 | 369 | 1,840,137
| ------------ | ------- | ------------

Tangible assets held at valuation
The company holds land and buildings for investment purposes with a cost price of £1,327,668 (2024: £1,327,668). These are shown in the balance sheet at open market value. The valuation is made regularly by the directors of the company.
6. Debtors

| 2025 | 2024
| £ | £
Other debtors | 210 | 485
| ---- | ----

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 750 | –
Corporation tax | 4,361 | 16,070
Other creditors | 4,853 | 4,092
| ------- | --------
| 9,964 | 20,162
| ------- | --------

8. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:

| 2025
|  | Balance brought forward | Advances/ (credits) to the director | Balance outstanding
|  | £ | £ | £
| Mrs Y Eastman | – | ( 603) | ( 603)
|  | ---- | ---- | ----

| 2024
|  | Balance brought forward | Advances/ (credits) to the director | Balance outstanding
|  | £ | £ | £
| Mrs Y Eastman | – | – | –
|  | ---- | ---- | ----

9. Related party transactions
During the year the company entered into the following transactions with related parties:

| Transaction value | Balance owed by/(owed to)
| 2025 | 2024 | 2025 | 2024
| £ | £ | £ | £
H J Construction Limited | – | 210 | 210 | 210
Jamesmark Property Limited | – | (2,808) | ( 2,809) | ( 2,809)
| ---- | ------- | ------- | -------

Mrs Y Eastman , T A Trihy Esq, and L Eastman Esq own collectivly seventy five percent of the voting share capital of HJ Construction Limited. Mrs Y Eastman owns fifty percent of the voting share capital in Jamesmark Property Limited with the remaing owned by her husband A Eastman Esq.