Company Registration No. 10017486 (England and Wales)
Jelim Investments Limited
Annual report and unaudited financial statements
for the year ended 31 December 2025
Jelim Investments Limited
Company information
Directors
I Gibbor
M A Gibbor
Secretary
E Lewis
Company number
10017486
Registered office
CP House
Otterspool Way
Watford
Hertfordshire
WD25 8JJ
Accountants
Saffery LLP
71 Queen Victoria Street
London
EC4V 4BE
Jelim Investments Limited
Contents
Page
Directors' report
1
Accountants' report
2
Income statement
3
Statement of financial position
4
Notes to the financial statements
5 - 8
Jelim Investments Limited
Directors' report
For the year ended 31 December 2025
1

The directors present their annual report and financial statements for the year ended 31 December 2025.

Principal activities

The principal activity of the company continued to be that of letting a commercial investment property.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

I Gibbor
M A Gibbor
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
M A Gibbor
Director
29 April 2026
Jelim Investments Limited
Accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Jelim Investments Limited for the year ended 31 December 2025
2

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jelim Investments Limited for the year ended 31 December 2025 set out on pages 3 to 8 from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulation.

This report is made solely to the B oard of D irectors of Jelim Investments Limited, as a body, in accordance with the terms of our engagement letter dated 28 January 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Jelim Investments Limited and state those matters that we have agreed to state to the B oard of D irectors of Jelim Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jelim Investments Limited and its B oard of D irectors as a body, for our work or for this report.

It is your duty to ensure that Jelim Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jelim Investments Limited. You consider that Jelim Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Jelim Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Saffery LLP
71 Queen Victoria Street
London
EC4V 4BE
9 June 2026
Jelim Investments Limited
Income statement
For the year ended 31 December 2025
3
2025
2024
£
£
Turnover
134,062
134,025
Administrative expenses
(8,180)
(5,688)
Operating profit
125,882
128,337
Interest receivable and similar income
21,211
8,385
Profit before taxation
147,093
136,722
Tax on profit
(35,230)
(32,481)
Profit for the financial year
111,863
104,241

The income statement has been prepared on the basis that all operations are continuing operations.

Jelim Investments Limited
Statement of financial position
As at 31 December 2025
4
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
4
2,853,773
2,853,773
Current assets
Debtors
5
32,484
46,921
Cash at bank and in hand
969,218
840,182
1,001,702
887,103
Creditors: amounts falling due within one year
6
(2,985,280)
(2,982,544)
Net current liabilities
(1,983,578)
(2,095,441)
Net assets
870,195
758,332
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
870,095
758,232
Total equity
870,195
758,332

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 29 April 2026 and are signed on its behalf by:
M A Gibbor
Director
Company Registration No. 10017486
Jelim Investments Limited
Notes to the financial statements
For the year ended 31 December 2025
5
1
Accounting policies
Company information

Jelim Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is CP House, Otterspool Way, Watford, Hertfordshire, WD25 8JJ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue comprises rental income, service charges and other recoveries from tenants of the company's investment property net of value added tax. Rental income is recognised on an accruals basis in the period in which it is earned, in accordance with the terms of the lease.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Jelim Investments Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
1
Accounting policies (continued)
6
Classification of financial liabilities

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 company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Jelim Investments Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
7
2
Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Investment property valuation

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. At the reporting date each year, it is measured at fair value with any changes in the fair value recognised in the profit or loss.

There is no defined company policy in place regarding the frequency of obtaining 3rd party valuations. The directors have assessed that the fair value of the investment property this year is held at its current valuation in the accounts on the basis there were no substantial changes that would affect the value.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
4
Investment property
2025
£
Fair value
At 1 January 2025 and 31 December 2025
2,853,773

Investment property comprises of a UK commercial property. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Jelim Investments Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
8
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
32,484
46,921
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
-
0
13
Corporation tax
35,230
32,481
Other taxation and social security
7,425
7,425
Other creditors
2,942,625
2,942,625
2,985,280
2,982,544

As at 31 December 2025, amounts owed to related parties was £2.9m. Amounts owed to related parties are unsecured, interest free and repayable on demand.

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