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Company No: 01171968 (England and Wales)

# JASIL PROPERTIES LIMITED

### Unaudited Financial Statements
For the financial year ended 30 September 2025
Pages for filing with the registrar

JASIL PROPERTIES LIMITED

## Unaudited Financial Statements

For the financial year ended 30 September 2025

Contents

JASIL PROPERTIES LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 30 September 2025
JASIL PROPERTIES LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 30 September 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 642 |  | 1,193
Investment property | 4 | 4,213,452 |  | 4,213,452
Investments | 5 | 1 |  | 1
|  | 4,214,095 |  | 4,214,646
Current assets |  |  |  |
Stocks | 6 | 367,824 |  | 367,824
Debtors | 7 | 227,398 |  | 215,742
Cash at bank and in hand | 8 | 410,516 |  | 230,519
|  | 1,005,738 |  | 814,085
Creditors: amounts falling due within one year | 9 | ( 168,395) |  | ( 114,078)
Net current assets |  | 837,343 |  | 700,007
Total assets less current liabilities |  | 5,051,438 |  | 4,914,653
Provision for liabilities | 10 | ( 541,900) |  | ( 541,900)
Net assets |  | 4,509,538 |  | 4,372,753
Capital and reserves |  |  |  |
Called-up share capital | 11 | 3,460 |  | 3,460
Share premium account |  | 95,254 |  | 95,254
Revaluation reserve |  | 2,167,590 |  | 2,167,590
Profit and loss account |  | 2,243,234 |  | 2,106,449
Total shareholders' funds |  | 4,509,538 |  | 4,372,753

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- 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; 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Jasil Properties Limited (registered number: 01171968) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

J A Lichtenfeld Director |

01 July 2026

JASIL PROPERTIES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2025
JASIL PROPERTIES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2025

##### 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

Jasil Properties 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 35 Ballards Lane, London, N3 1XW, 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 £.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### 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 Statement of Financial Position 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. | 3 years straight line

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.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

##### Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the company during the year, including directors | 3 |  | 3

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 October 2024 | 15,089 |  | 15,089
At 30 September 2025 | 15,089 |  | 15,089
Accumulated depreciation |  |  |
At 01 October 2024 | 13,896 |  | 13,896
Charge for the financial year | 551 |  | 551
At 30 September 2025 | 14,447 |  | 14,447
Net book value |  |  |
At 30 September 2025 | 642 |  | 642
At 30 September 2024 | 1,193 |  | 1,193

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 October 2024 | 4,213,452
As at 30 September 2025 | 4,213,452

The freehold investment properties, which have a historic cost to the company of £1,802,561 (2024: £1,802,561), were valued by the directors, on the basis of their individual open market values. A provision has been made for any tax liabilities which might arise if all the properties were to be realised at their market values. The amount of such liabilities is estimated at £541,900 (2024: £541,900).

#### 5. Fixed asset investments

Investments in subsidiaries

| 2025
| £
Cost |
At 01 October 2024 | 1
At 30 September 2025 | 1
Carrying value at 30 September 2025 | 1
Carrying value at 30 September 2024 | 1

#### 6. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 367,824 |  | 367,824

#### 7. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 3,257 |  | 3,257
Other debtors | 224,141 |  | 212,485
| 227,398 |  | 215,742

#### 8. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 257,174 |  | 163,508
Short-term deposits | 153,342 |  | 67,011
| 410,516 |  | 230,519

#### 9. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Taxation and social security | 40,150 |  | 1,861
Other creditors | 128,245 |  | 112,217
| 168,395 |  | 114,078

#### 10. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 541,900 |  | 541,900

| Deferred taxation |  | Total
| £ |  | £
At 01 October 2024 | 541,900 |  | 541,900
At 30 September 2025 | 541,900 |  | 541,900

Deferred tax

| 2025 |  | 2024
| £ |  | £
Other timing differences | 541,900 |  | 541,900
Provision for deferred tax | 541,900 |  | 541,900

#### 11. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
825 Ordinary shares of £ 1.00 each | 825 |  | 825
2,635 Ordinary A shares of £ 1.00 each | 2,635 |  | 2,635
| 3,460 |  | 3,460

#### 12. Related party transactions

Included in other debtors is a balance of £200,000 (2024: £200,000) due from Town & Provincial Limited. A company in which Mr J A Lichtenfeld is also a director. This balance is unsecured and interest free. During the year, the company received services from Town & Provincial Ltd to the value of £7,500 (2024: £11,500).
During the year, the company received services from JSL Management Ltd to the value of £80,400 (2024: £80,400). A company in which Mr J A Lichtenfeld is also a director, the amount due to JSL Management Ltd at the year end was £nil (2024: £nil).