Jj&t Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14423423

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,942		4,366
Investment Properties	5		930,000		1,250,000

			932,942		1,254,366
CURRENT ASSETS
Debtors	6	2,021		157,721
Cash at bank and in hand		9,316		1,363,065

		11,337		1,520,786
Creditors: Amounts Falling Due Within One Year	7	(490,721 )		(400,921 )

NET CURRENT ASSETS (LIABILITIES)			(479,384 )		1,119,865

TOTAL ASSETS LESS CURRENT LIABILITIES			453,558		2,374,231

Creditors: Amounts Falling Due After More Than One Year	8		(1,057,000 )		(2,618,000 )

NET LIABILITIES			(603,442 )		(243,769 )

CAPITAL AND RESERVES
Called up share capital	9		1		1
Revaluation reserve	10		(524,799 )		(204,799 )
Profit and Loss Account			(78,644 )		(38,971 )

SHAREHOLDERS' FUNDS			(603,442)		(243,769)

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Jj&t Ltd

Balance Sheet (continued)

As At 31 October 2025

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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Ms Hsuan-Yin Chen

Director

31/07/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Jj&t Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14423423 . The registered office is Flat 16, Oatlands Court, Wimbledon Parkside, London, SW19 5LS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The company had net liabilities of £603,442 at 31 October 2025 (2024: £243,769).The company's principal funding comprises a loan of £1,057,000 (2024: £2,618,000) from Jau-Der Chen and Fang Li Chen (parents of the director), which under the terms of the loan agreement is not repayable until 31 December 2053. The loan agreement also permits interest to be deferred, without penalty, in any year in which the company is not profitable. Amounts advanced by the director, Hsuan-Yin Chen, are similarly not required to be repaid in the short term. On this basis, the director considers it appropriate to prepare these financial statements on a going concern basis.

2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% straight line
Fixtures & Fittings	25% straight line

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.6.

Tangible fixed assets are measured at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets over their expected useful lives, on the following bases: Plant & Machinery — 25% Straight Line; Fixtures & Fittings — 25% Straight Line.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

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Jj&t Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost or Valuation
As at 1 November 2024	310	6,041	6,351
Additions	-	218	218

As at 31 October 2025	310	6,259	6,569

Depreciation
As at 1 November 2024	119	1,866	1,985
Provided during the period	78	1,564	1,642

As at 31 October 2025	197	3,430	3,627

Net Book Value
As at 31 October 2025	113	2,829	2,942

As at 1 November 2024	191	4,175	4,366

5. Investment Property

	2025
	£
Fair Value
As at 1 November 2024	1,250,000
Fair value adjustments	(320,000 )

As at 31 October 2025	930,000

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2025	2024
	£	£
Cost	1,454,799	-

The investment properties comprise two apartments at One Park Drive, Canary Wharf (Apartment 1109 and Apartment 2410). The fair value as at 31 October 2025 has been determined by the director based on comparable market transactions. A comparable apartment in the same development (Apartment 1106, 1 Park Drive, London E14 9GG) was sold on 18 September 2025 for £465,000. This evidence has been used to value each of the company's apartments at £465,000, giving a combined fair value of £930,000 (2024: £1,250,000).

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	2,021	157,721

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Jj&t Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	462,721	372,921
Taxation and social security	28,000	28,000

	490,721	400,921

Other creditors principally comprise accrued interest of £39,731 due to the parent lenders (net of £140,000 repaid during the year) and the director's loan account of £419,535 (including accrued interest and reimbursement of a personal deposit payment — see Related Party Transactions note).

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other loans	1,057,000	2,618,000

The loan from Jau-Der Chen and Fang Li Chen (parents of the director) reduced from £2,618,000 to £1,057,000 following capital repayments of £311,000 (27 February 2025) and £1,250,000 (10 April 2025) — see Related Party Transactions note.

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

10. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 November 2024	(204,799 )	(38,971 )
Loss for year	-	(39,673)

Net investment property revaluation reserve	(320,000 )	-

Other comprehensive income for the year	(320,000 )	-

Total comprehensive income for the year	(320,000)	(39,673 )

As at 31 October 2025	(524,799 )	(78,644 )

11. Related Party Transactions

Jau-Der Chen and Fang Li Chen (parents of the director): At the start of the year, the company owed £2,618,000 in respect of an interest-bearing loan from the lenders. During the year, the company made capital repayments of £311,000 (27 February 2025) and £1,250,000 (10 April 2025), reducing the balance owed to £1,057,000 at the balance sheet date. Interest of £66,581 was accrued during the year at a rate of 3.9% per annum, calculated on the reducing balance following each repayment. During the year, the company also paid £140,000 in settlement of accrued interest from prior periods.

Hsuan-Yin Chen (director): At the balance sheet date, the company owed £419,534.80 (2024: £256,315.91) in respect of amounts advanced by the director, including reimbursement of a personal deposit payment of £153,577 (originally paid in December 2022, refunded to the company via solicitors in February 2025) and accrued interest of £9,996 charged at 3.9% per annum. The loan is repayable on demand.

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