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Company Registration No. 10435570 (England and Wales)
JOINT PROPERTY LTD Unaudited accounts for the year ended 31 October 2025
JOINT PROPERTY LTD Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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JOINT PROPERTY LTD Company Information for the year ended 31 October 2025
Directors
Mark Russell Gale V Spierings
Company Number
10435570 (England and Wales)
Registered Office
112 Broadway Peterborough PE1 4DG England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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JOINT PROPERTY LTD Accountants' report
Accountants' report to the board of directors of JOINT PROPERTY LTD on the preparation of the unaudited statutory accounts for the year ended 31 October 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of JOINT PROPERTY LTD for the year ended 31 October 2025 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of JOINT PROPERTY LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of JOINT PROPERTY LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JOINT PROPERTY LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that JOINT PROPERTY LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of JOINT PROPERTY LTD. You consider that JOINT PROPERTY LTD 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 accounts of JOINT PROPERTY LTD. 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 accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 14 July 2026
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JOINT PROPERTY LTD Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
249,000
190,000
Current assets
Debtors
5
350
28,597
Cash at bank and in hand
71,330
4,323
71,680
32,920
Creditors: amounts falling due within one year
6
(164,395)
(129,441)
Net current liabilities
(92,715)
(96,521)
Total assets less current liabilities
156,285
93,479
Creditors: amounts falling due after more than one year
7
(143,888)
(143,888)
Provisions for liabilities
Deferred tax
8
(3,369)
-
Net assets/(liabilities)
9,028
(50,409)
Capital and reserves
Called up share capital
20
20
Revaluation reserve
52,060
10,413
Profit and loss account
(43,052)
(60,842)
Shareholders' funds
9,028
(50,409)
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2026 and were signed on its behalf by
V Spierings Director Company Registration No. 10435570
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JOINT PROPERTY LTD Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
JOINT PROPERTY LTD is a private company, limited by shares, registered in England and Wales, registration number 10435570. The registered office is 112 Broadway, Peterborough, PE1 4DG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred taxation
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 accounts. 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.
4
Investment property
2025
£
Fair value at 1 November 2024
190,000
Net gain from fair value adjustments
59,000
At 31 October 2025
249,000
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
350
28,597
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JOINT PROPERTY LTD Notes to the Accounts for the year ended 31 October 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
37,641
1,000
Loans from directors
126,754
128,441
164,395
129,441
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
143,888
143,888
Aggregate of amounts that fall due for payment after five years
143,888
143,888
Included in long term creditors are bank loans secured on investment properties. Personal guarantees have been provided.
8
Deferred taxation
2025
2024
£
£
Revaluation of investment property
17,353
-
Tax losses carried forward
(13,984)
-
3,369
-
2025
2024
£
£
Charged to the profit and loss account
3,369
-
Provision at end of year
3,369
-
9
Transactions with related parties
Included in current liabilities is a related party loan of £37,641 (2024 - £28,597 debtor). The loan is interest-free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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