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Registration number: 09678589

Jadestone Properties Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 July 2025

Jadestone Properties Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 6

Jadestone Properties Limited

Company Information

Director | M Yianni

Registered office | 590 Green Lanes Palmers Green London N13 5RY

Accountants | Thomas Alexander & Co Ltd 590 Green Lanes Palmers Green London N13 5RY

Jadestone Properties Limited

(Registration number: 09678589)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 1,200,000 | 1,200,000
Current assets |  |  |
Debtors | 5 | 720 | 720
Cash at bank and in hand |  | 104,063 | 132,625
|  | 104,783 | 133,345
Creditors: Amounts falling due within one year | 6 | (256,729) | (262,479)
Net current liabilities |  | (151,946) | (129,134)
Total assets less current liabilities |  | 1,048,054 | 1,070,866
Creditors: Amounts falling due after more than one year | 6 | (719,161) | (715,584)
Provisions for liabilities |  | (76,561) | (76,561)
Net assets |  | 252,332 | 278,721
Capital and reserves |  |  |
Called up share capital | 7 | 2 | 2
Revaluation reserve |  | 326,390 | 326,390
Retained earnings |  | (74,060) | (47,671)
Shareholders' funds |  | 252,332 | 278,721

For the financial year ending 31 July 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 accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 March 2026

......................................... M Yianni Director

Jadestone Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
590 Green Lanes
Palmers Green
London
N13 5RY

The principal place of business is:
20 Berkeley Gardens
Winchmore Hill
London
N21 2BA

These financial statements were authorised for issue by the director on 31 March 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occured. This is stated after trade discounts and other sales taxes.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Jadestone Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Jadestone Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

4 | Investment properties

| 2025 £
At 1 August | 1,200,000
At 31 July | 1,200,000

The investment property is valued based on an assessment of the property and the market by the company directors.

5 | Debtors

| 2025 £ | 2024 £
Other debtors | 720 | 720
| 720 | 720

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 1,650 | 1,650
Accruals and deferred income |  | 2,000 | 2,000
Director's loan account | 8 | 102,034 | 107,784
Other creditors |  | 151,045 | 151,045
|  | 256,729 | 262,479

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 719,161 | 715,584

The bank loans and overdraft are secured by a fixed and floating charge over the assets of the company.

Jadestone Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 2 | 2 | 2 | 2

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 719,161 | 715,584

9 | Related party transactions

Summary of transactions with other related parties

Included in creditors less than one year is an amount of £102,034 (2024: £107,784) owed to M Yianni, the director of the company.
Included in other creditors is an amount of £150,000 (2024: £150,000) owed to Belleveue Mortlakes Investment Agency Limited, a company under common control.