IRIS Accounts Production v25.4.12.37 07233765 director 1.4.24 31.3.25 31.3.25 0 0 false true false false true false Fair value model Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 07233765 2024-03-31 07233765 2025-03-31 07233765 2024-04-01 2025-03-31 07233765 2023-03-31 07233765 2023-04-01 2024-03-31 07233765 2024-03-31 07233765 ns15:EnglandWales 2024-04-01 2025-03-31 07233765 ns14:PoundSterling 2024-04-01 2025-03-31 07233765 ns10:Director1 2024-04-01 2025-03-31 07233765 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07233765 ns10:SmallEntities 2024-04-01 2025-03-31 07233765 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07233765 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 07233765 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07233765 ns10:FullAccounts 2024-04-01 2025-03-31 07233765 ns10:OrdinaryShareClass1 2024-04-01 2025-03-31 07233765 ns10:OrdinaryShareClass2 2024-04-01 2025-03-31 07233765 ns5:CurrentFinancialInstruments 2025-03-31 07233765 ns5:CurrentFinancialInstruments 2024-03-31 07233765 ns5:Non-currentFinancialInstruments 2025-03-31 07233765 ns5:Non-currentFinancialInstruments 2024-03-31 07233765 ns5:ShareCapital 2025-03-31 07233765 ns5:ShareCapital 2024-03-31 07233765 ns5:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 07233765 ns5:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 07233765 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 07233765 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 07233765 ns10:RegisteredOffice 2024-04-01 2025-03-31 07233765 ns5:PlantMachinery 2024-04-01 2025-03-31 07233765 ns5:PlantMachinery 2024-03-31 07233765 ns5:PlantMachinery 2025-03-31 07233765 ns5:PlantMachinery 2024-03-31 07233765 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-04-01 2025-03-31 07233765 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2025-03-31 07233765 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 07233765 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 07233765 ns10:OrdinaryShareClass1 2025-03-31 07233765 ns10:OrdinaryShareClass2 2025-03-31

REGISTERED NUMBER: 07233765 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

JF PROPERTY LETTINGS LIMITED

JF PROPERTY LETTINGS LIMITED (REGISTERED NUMBER: 07233765) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| Balance Sheet | 1 |

| Notes to the Financial Statements | 2 |

JF PROPERTY LETTINGS LIMITED (REGISTERED NUMBER: 07233765) |

BALANCE SHEET

31 MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 58,823 |  | 642 |  |

Investment property | 5 | 4,772,899 |  | 4,772,899 |  |

4,831,722 |  | 4,773,541 |  |

CURRENT ASSETS

Debtors | 6 | 850 |  | 850 |  |

Cash at bank | 5,417 |  | 6,168 |  |

6,267 |  | 7,018 |  |

CREDITORS

Amounts falling due within one year | 7 | 2,214,965 |  | 2,252,194 |  |

NET CURRENT LIABILITIES | (2,208,698 | ) | (2,245,176 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,623,024 |  | 2,528,365 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (57,057 | ) | - |  |

PROVISIONS FOR LIABILITIES | (451,156 | ) | (451,156 | ) |

NET ASSETS | 2,114,811 |  | 2,077,209 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 100 |  | 100 |  |

Fair value reserve | 1,543,141 |  | 1,543,141 |  |

Retained earnings | 571,570 |  | 533,968 |  |

SHAREHOLDERS' FUNDS | 2,114,811 |  | 2,077,209 |  |

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 director acknowledges her 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 February 2026 and were signed by:

Mrs J A Foulger - Director

JF PROPERTY LETTINGS LIMITED (REGISTERED NUMBER: 07233765) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| JF Property Lettings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 07233765

| Registered office: | Ingram House

| Meridian Way

| Norwich

| Norfolk

| NR7 0TA

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 as modified by the revaluation of certain assets.

| At 31 March 2025 the company has net current liabilities of £2,208,698. The company relies on the continued support of its director to meet its day to day working capital capital requirements. The director has indicated her willingness to support the company as necessary for the foreseeable future. The director therefore considers it appropriate to prepare the financial statements on a going concern basis.

| Turnover

| Turnover represents the fair value of rents receivable in the period and proceeds of developments sold, excluding value added tax. Turnover relating to house sales are recognised on the exchange of a legally binding contract.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery etc | - | 33% on cost and 25% on reducing balance

| Investment property

| Investment properties are initially recorded at cost which includes purchase cost and any directly attributable expenditure.

| Investment properties whose fair value can be measured reliably are measured at fair value. The gain or loss on revaluation is recognised in the Income Statement in the period in which it arises. Such gains or losses are transferred from retained earnings to a fair value reserve.

| 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.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| 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.

JF PROPERTY LETTINGS LIMITED (REGISTERED NUMBER: 07233765) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. | EMPLOYEES

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

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 April 2024 | 2,212 |  |

| Additions | 77,860 |  |

| At 31 March 2025 | 80,072 |  |

| DEPRECIATION

| At 1 April 2024 | 1,570 |  |

| Charge for year | 19,679 |  |

| At 31 March 2025 | 21,249 |  |

| NET BOOK VALUE

| At 31 March 2025 | 58,823 |  |

| At 31 March 2024 | 642 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and

| machinery

| etc

£ |

| COST

| Additions | 77,860 |  |

| At 31 March 2025 | 77,860 |  |

| DEPRECIATION

| Charge for year | 19,465 |  |

| At 31 March 2025 | 19,465 |  |

| NET BOOK VALUE

| At 31 March 2025 | 58,395 |  |

JF PROPERTY LETTINGS LIMITED (REGISTERED NUMBER: 07233765) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024

| and 31 March 2025 | 4,772,899 |  |

| NET BOOK VALUE

| At 31 March 2025 | 4,772,899 |  |

| At 31 March 2024 | 4,772,899 |  |

| The fair value of the investment property at 31 March 2025 has been arrived at on the basis of a valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The valuation, was arrived at by reference to market evidence of transaction prices for similar properties where the properties are situated.

| The historic cost of the investment property was £2,778,602 (2024 - £2,778,602).

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | 850 |  | 850 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 8,711 |  | - |  |

| Taxation and social security | 13,866 |  | 9,369 |  |

| Other creditors | 2,192,388 |  | 2,242,825 |  |

2,214,965 |  | 2,252,194 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 57,057 |  | - |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 75 | Ordinary A | £1 | 75 |  | 75 |  |

| 25 | Ordinary B | £1 | 25 |  | 25 |  |

100 |  | 100 |  |

10. | ULTIMATE CONTROLLING PARTY

| The company's ultimate controlling party is the director Mrs J A Foulger.