REGISTERED NUMBER: 13543333 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 AUGUST 2025

FOR

JLOR PROPERTY & INVESTMENTS LTD

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

5

201

492

Investment property

6

153,000

160,000

153,201

160,492

CURRENT ASSETS

Debtors

7

8,395

4,201

Cash at bank

-

1,348

8,395

5,549

CREDITORS

Amounts falling due within one year

8

89,863

90,115

NET CURRENT LIABILITIES

(81,468

)

(84,566

)

TOTAL ASSETS LESS CURRENT LIABILITIES

71,733

75,926

CREDITORS

Amounts falling due after more than one year

9

93,821

93,906

NET LIABILITIES

(22,088

)

(17,980

)

CAPITAL AND RESERVES

Called up share capital

12

2

2

Non distributable reserves

13

(18,132

)

(12,462

)

Retained earnings

(3,958

)

(5,520

)

SHAREHOLDERS' FUNDS

(22,088

)

(17,980

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2026 and were signed on its behalf by:

Dr J A Olaleye - Director

Dr O A T Olaleye - Director

1.	STATUTORY INFORMATION

JLOR Property & Investments Ltd 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:

13543333

Registered office:

20-22 Wenlock Road

London

N1 7GU

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The accounts have been prepared on a going concern basis not with standing the net liability currently shown on the balance sheet. The directors have confirmed their intention to support the company for at least the next 12 months.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 September 2024

and 31 August 2025

1,075

DEPRECIATION

At 1 September 2024

583

Charge for year

291

At 31 August 2025

874

NET BOOK VALUE

At 31 August 2025

201

At 31 August 2024

492

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

160,000

Revaluations

(7,000

)

At 31 August 2025

153,000

NET BOOK VALUE

At 31 August 2025

153,000

At 31 August 2024

160,000

Fair value at 31 August 2025 is represented by:

£

Valuation in 2024

160,000

Valuation in 2025

(7,000

)

153,000

The valuation at the balance sheet date was provided by Dr. J A Olaleye who is a director of the company.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

3,230

-

Deferred tax asset

5,165

4,201

8,395

4,201

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

12

-

Other creditors

1,200

1,200

Directors' current account

87,394

87,742

Accruals and deferred income

1,257

1,173

89,863

90,115

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans more than 5 yrs

93,821

93,906

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more than 5 yrs

93,821

93,906

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

93,821

93,906

Bank loans are secured by fixed charges over the company's investment property.

11.	DEFERRED TAX

£

Balance at 1 September 2024

(4,201

)

Provided during year

(964

)

Balance at 31 August 2025

(5,165

)

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

13.

RESERVES

Non

distributable

reserves

£

At 1 September 2024

(12,462

)

Revaluation of investment property

(5,670

)

At 31 August 2025

(18,132

)