JAAS Property Ltd - Filleted accounts

Registered number

11309619

JAAS Property Ltd

Filleted Accounts

31 October 2025

JAAS Property Ltd
Registered number:		11309619
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		623,073			623,098

Current assets
Cash at bank and in hand		3,782			18,512

Creditors: amounts falling due within one year	4	(28,188)			(28,876)

Net current liabilities			(24,406)			(10,364)

Total assets less current liabilities			598,667			612,734

Creditors: amounts falling due after more than one year	5		(432,352)			(449,824)

Provisions for liabilities			(26,213)			(26,213)


Net assets			140,102			136,697

Capital and reserves
Called up share capital			100			100
Profit and loss account			140,002			136,597

Shareholders' funds			140,102			136,697

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




J Prentice
Director
Approved by the board on 7 July 2026

JAAS Property Ltd
Notes to the Accounts
for the year ended 31 October 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% reducing value

	Investment properties
	Investment properties are shown at their most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			2		2


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 November 2024	623,000		520		623,520
	At 31 October 2025	623,000		520		623,520

	Depreciation
	At 1 November 2024	-		422		422
	Charge for the year	-		25		25
	At 31 October 2025	-		447		447

	Net book value
	At 31 October 2025	623,000		73		623,073
	At 31 October 2024	623,000		98		623,098


	Freehold land and buildings:			2025		2024
£					£
	Historical cost			485,036		485,036
	Cumulative depreciation based on historical cost			-		-
				485,036		485,036

	The properties have been revalued by the company Director's, and this has been based on the market value of the property as at the balance sheet date.


4	Creditors: amounts falling due within one year			2025		2024
£					£

	Accruals			984		984
	Taxation and social security costs			810		3,044
	Director's loan			26,394		24,848
				28,188		28,876



5	Creditors: amounts falling due after one year			2025		2024
£					£

	Other creditors			432,352		449,824



6	Retained earnings

	The split of retained earnings between distributable and non-distributable is as follows:

		Distributable		Non-distributable		2025
		£		£		£

	As at 1 Nov 2024	24,846		111,751		136,597
	Profit for financial year	3,405		-		3,405
	Property revaluation movement	-		-		-
	Interest rate swap adjustment	-		-		-
	Deferred tax on investment property	-		-		-
	Deferred tax on interest rate swap	-		-		-
	As at 31 October 2025	28,251		111,751		140,002



7	Related party transactions

	During the period under review, the company has a loan of £432,352 (2024 £449,824) from Allied Commercial Properties Limited, a company which Mr J Prentice is also a Director. The loan is interest free and payable on demand.



8	Other information

	JAAS Property Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Parker House
	44 Stafford Road
	Wallington
	Surrey
	SM6 9AA