Company No: 03152564 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

Leslie Steven Gilbert

REGISTERED OFFICE	2 Leman Street
	London
	E1W 9US
	United Kingdom

COMPANY NUMBER

03152564 (England and Wales)

ACCOUNTANT	Gravita Essex Limited
	Kings House
	101-135 Kings Road
	Brentwood
	Essex
	CM14 4DR
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	624		831
Investment property	4	5,700,000		6,099,480
		5,700,624		6,100,311
Current assets
Debtors	5	35,157		74,620
Cash at bank and in hand		31,126		54,361
		66,283		128,981
Creditors: amounts falling due within one year	6	( 1,439,480)		( 2,592,358)
Net current liabilities		(1,373,197)		(2,463,377)
Total assets less current liabilities		4,327,427		3,636,934
Provision for liabilities		( 563,877)		( 607,821)
Net assets		3,763,550		3,029,113
Capital and reserves
Called-up share capital		250		200
Fair value reserve		2,492,597		2,651,945
Profit and loss account		1,270,703		376,968
Total shareholder's funds		3,763,550		3,029,113

For the financial year ending 30 September 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 member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of JSA Properties (UK) Limited (registered number: 03152564) were approved and authorised for issue by the Director on 15 May 2026. They were signed on its behalf by:

Leslie Steven Gilbert Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

JSA Properties (UK) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Leman Street, London, E1W 9US, United Kingdom.

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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The balance sheet at the end of the year recorded net current liabilities. However, the director believes that sufficient financial resources are available to the company to enable it to continue trading into the foreseeable future. Therefore, the financial statements have been prepared on a going concern basis.

Turnover

Turnover represents the total invoice value of rent receivable during the period excluding VAT where applicable.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is included at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost/Valuation
At 01 October 2024	61,908		61,908
At 30 September 2025	61,908		61,908
Accumulated depreciation
At 01 October 2024	61,077		61,077
Charge for the financial year	207		207
At 30 September 2025	61,284		61,284
Net book value
At 30 September 2025	624		624
At 30 September 2024	831		831

4. Investment property

	Investment property
	£
Valuation
As at 01 October 2024	6,099,480
Disposals	(399,480)
As at 30 September 2025	5,700,000

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2025		2024
	£		£
Historic cost	2,643,646		2,864,833

5. Debtors

	2025		2024
	£		£
Trade debtors	37,399		9,146
Amounts owed by Group undertakings	( 5,416)		31,012
Other debtors	3,174		34,462
	35,157		74,620

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	1,350,000		1,500,000
Trade creditors	1,736		1,430
Amounts owed to Group undertakings	0		923,038
Other taxation and social security	6,540		1,168
Other creditors	81,204		166,722
	1,439,480		2,592,358

Bank loans are secured on properties held within the business.

7. Related party transactions

Transactions with the entity's director

	2025		2024
	£		£
Amounts Advanced	153,494		220,018
Amounts repaid	(68,658)		(209,688)

The loans to the director are repayable on demand. Interest is charged on loans at the official interest set by HMRC. The balance owed to the directors at the year end is £29,362.