GJB PROPERTY LETTING SERVICES LIMITED Company accounts

COMPANY REGISTRATION NUMBER: 10483442

GJB PROPERTY LETTING SERVICES LIMITED

Unaudited Financial Statements

30 November 2025

GJB PROPERTY LETTING SERVICES LIMITED

Financial Statements

Year ended 30 November 2025

Contents	Page

Directors' report	1

Statement of income and retained earnings	2

Statement of financial position	3

Accounting policies	5

Notes to the financial statements	6

GJB PROPERTY LETTING SERVICES LIMITED

Directors' Report

Year ended 30 November 2025

The directors present their report and the unaudited financial statements of the company for the year ended 30 November 2025 .

Directors

The directors who served the company during the year were as follows:

L N Byrne
G J Byrne

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 21 August 2026 and signed on behalf of the board by:

G J Byrne

Director

Registered office:

The Accounting Centre

First Floor, 736 High Road

North Finchley

London

England

N12 9QD

GJB PROPERTY LETTING SERVICES LIMITED

Statement of Income and Retained Earnings

Year ended 30 November 2025

	2025	2024
Note	£	£
Turnover	253,318	345,957

	---------	---------
Gross profit	253,318	345,957

Administrative expenses	25,605	19,431
	---------	---------
Operating profit	227,713	326,526

Other interest receivable and similar income	4	11,497	15,545
Interest payable and similar expenses	5	26,343	34,533
		---------	---------
Profit before taxation		212,867	307,538

Tax on profit	53,217	76,884
	---------	---------
Profit for the financial year and total comprehensive income	159,650	230,654
	---------	---------

Dividends paid and payable	6	( 300,000)	–

Retained earnings at the start of the year	1,660,192	1,429,538
	------------	------------
Retained earnings at the end of the year	1,519,842	1,660,192
	------------	------------

All the activities of the company are from continuing operations.

GJB PROPERTY LETTING SERVICES LIMITED

Statement of Financial Position

30 November 2025

	2025	2024
Note	£	£

Fixed assets

Investment Property	7	2,163,712	2,163,712

Current assets

Debtors	8	3,995	363,388
Cash at bank and in hand		65,320	75,937
		--------	---------
		69,315	439,325

Creditors: amounts falling due within one year	9	68,090	91,750
		--------	---------
Net current assets		1,225	347,575
		------------	------------
Total assets less current liabilities		2,164,937	2,511,287

Creditors: amounts falling due after more than one year	10	644,995	850,995
		------------	------------
Net assets		1,519,942	1,660,292
		------------	------------

Capital and reserves

Called up share capital		100	100
Profit and loss account	11	1,519,842	1,660,192
		------------	------------
Shareholders funds		1,519,942	1,660,292
		------------	------------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 30 November 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

GJB PROPERTY LETTING SERVICES LIMITED

Statement of Financial Position (continued)

30 November 2025

These financial statements were approved by the board of directors and authorised for issue on 21 August 2026 , and are signed on behalf of the board by:

L N Byrne	G J Byrne
Director	Director

Company registration number: 10483442

GJB PROPERTY LETTING SERVICES LIMITED

Accounting Policies

Year ended 30 November 2025

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

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 not provided on such surplus or deficit. The fair value profits on investment property is not a realised profit available for distribution. In order to differentiate the non-distributable profits with the distributable profits of the company, any fair value movements on investment property is transferred from retained earnings to fair value reserves, which is a non-distributable reserve.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

GJB PROPERTY LETTING SERVICES LIMITED

Notes to the Financial Statements

Year ended 30 November 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Accounting Centre, First Floor, 736 High Road, North Finchley, London, N12 9QD, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

4. Other interest receivable and similar income

	2025	2024
	£	£
Interest on bank deposits	11,497	15,545
	--------	--------

5. Interest payable and similar expenses

	2025	2024
	£	£
Interest on banks loans and overdrafts	26,343	34,533
	--------	--------

6. Dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )	300,000	–
	---------	----

7. Investment property

	Freehold property	Long leasehold property	Total
	£	£	£
Cost
At 1 December 2024 and 30 November 2025	591,872	1,571,840	2,163,712
	---------	------------	------------
Depreciation
At 1 December 2024 and 30 November 2025	–	–	–
	---------	------------	------------
Carrying amount
At 30 November 2025	591,872	1,571,840	2,163,712
	---------	------------	------------
At 30 November 2024	591,872	1,571,840	2,163,712
	---------	------------	------------

Leasehold properties' cost include stamp duty, and are not depreciable assets. The directors are satisfied that the investment properties are at their fair value.

8. Debtors

	2025	2024
	£	£
Trade debtors	3,995	3,813
Other debtors	–	359,575
	-------	---------
	3,995	363,388
	-------	---------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	2,327	2,327
Corporation tax	53,192	76,852
Director loan accounts	12,571	12,571
	--------	--------
	68,090	91,750
	--------	--------

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	644,995	850,995
	---------	---------

11. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses.

12. Directors' advances, credits and guarantees

The company owed to the directors £12,571 (2024: £12,571) at the reporting date.

13. Controlling party

The company was under the control of its directors throughout the year.