REGISTERED NUMBER: 09292548 (England and Wales)

Financial Statements

for the Year Ended 30 November 2025

for

Jillian Close Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Mr R J B Mallin

Mrs G B Mallin

Registered office:

15 Broad Lane

Hampton

Middlesex

TW12 3AL

Registered number:

09292548 (England and Wales)

Accountants:

Hughes & Co.

The Stables

Broseley Hall

Church Street

Broseley

Shropshire

TF12 5DG

Fixed assets

Investment property

4

600,000

600,000

Current assets

Debtors

5

248,821

249,373

Cash at bank

3,766

3,935

252,587

253,308

Creditors

Amounts falling due within one year

6

348,331

355,617

Net current liabilities

(95,744

)

(102,309

)

Total assets less current liabilities

504,256

497,691

Creditors

Amounts falling due after more than one year

7

419,706

419,671

Net assets

84,550

78,020

Capital and reserves

Called up share capital

9

2

2

Fair value reserve

(9,363

)

(9,363

)

Retained earnings

93,911

87,381

Shareholders' funds

84,550

78,020

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2026 and were signed on its behalf by:

Mr R J B Mallin - Director

1.	STATUTORY INFORMATION

Jillian Close Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents rents and other property income receivable during the year.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Debtors

Short term debtors are measured at the transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short-term creditors are measured at the transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 December 2024

and 30 November 2025

600,000

Net book value

At 30 November 2025

600,000

At 30 November 2024

600,000

Fair value at 30 November 2025 is represented by:

£

Valuation in 2016

3,989

Valuation in 2017

(13,363

)

Cost

609,374

600,000

The directors, Mr and Mrs Mallin, have assessed the fair value of the company's investment property to be £600,000. If the property was to be sold at this value no tax liability would arise. Mr and Mrs Mallin do not consider the cost of an external professional valuation to be justified.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

248,821

249,373

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

2

Taxation and social security

1,717

1,031

Other creditors

346,614

354,584

348,331

355,617

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

419,706

419,671

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans

419,706

419,671

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

419,706

419,671

The bank loan, which is on an interest only basis, is secured by way of legal mortgage and fixed charge against all the property and ancillary assets of the company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

10.	RELATED PARTY DISCLOSURES

Twickenham Investments Limited

A company under common ownership and control

2025

2024

£

£

Amount due from related party at the balance sheet date

248,821

248,821

Dudley Partnership Limited

A company under common ownership and control

2025

2024

£

£

Amount due to related party at the balance sheet date

9,651

9,651

R J B Mallin and Mrs G B Mallin

Directors

2025

2024

£

£

Amount due to related party at the balance sheet date

335,930

348,880

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R J B Mallin.