REGISTERED NUMBER: SC375335 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

JLL PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J Hewitt

REGISTERED OFFICE:

3 A

Butlerfield Industrial Estate

Bonnyrigg

Midlothian

EH19 3JQ

REGISTERED NUMBER:

SC375335 (Scotland)

ACCOUNTANTS:

Mitchell Edwards

Chartered Certified Accountants

24A Ainslie Place

Edinburgh

EH3 6AJ

BANKERS:

Lloyds TSB

28 Hanover Street

Edinburgh

EH2 2DS

FIXED ASSETS

Investment property

4

778,376

592,819

CURRENT ASSETS

Debtors

5

2,499

11,300

Cash at bank

2,057

31,848

4,556

43,148

CREDITORS

Amounts falling due within one year

6

253,542

174,735

NET CURRENT LIABILITIES

(248,986

)

(131,587

)

TOTAL ASSETS LESS CURRENT LIABILITIES

529,390

461,232

CREDITORS

Amounts falling due after more than one year

7

(169,071

)

(130,003

)

PROVISIONS FOR LIABILITIES

(14,293

)

(25,721

)

NET ASSETS

346,026

305,508

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

82,119

70,690

Retained earnings

263,807

234,718

SHAREHOLDERS' FUNDS

346,026

305,508

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2026 and were signed by:

J Hewitt - Director

1.	STATUTORY INFORMATION

JLL Properties Ltd is a private company, limited by shares , registered in Scotland. 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 (£), rounded to the nearest £.

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 the total of rent due to the company for the rental of property.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Income Statement. Any such changes together with the related deferred tax are transferred to a Revaluation Reserve.

Financial instruments

Bank loans are shown at amortised cost, with interest and up front charges in connection with the loans being allocated to accounting periods by applying the effective interest rate method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 material 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

592,819

Additions

185,557

At 31 March 2026

778,376

NET BOOK VALUE

At 31 March 2026

778,376

At 31 March 2025

592,819

Fair value at 31 March 2026 is represented by:

£

Valuation in 2017

25,318

Valuation in 2021

60,000

Valuation in 2024

50,000

Valuation in 2025

(38,907

)

Cost

681,965

778,376

If investment property had not been revalued it would have been included at the following historical cost:

2026

2025

£

£

Cost

679,542

496,408

Investment property was valued on a fair value basis on 31 March 2026 by the director .

The directors' opinion has been arrived at after reviewing transactions in the location and category of the investment property being valued.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

2,499

11,300

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

2,337

1,917

Taxation and social security

8,787

16,998

Other creditors

242,418

155,820

253,542

174,735

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

73,689

440

Other creditors

95,382

129,563

169,071

130,003

2026

2025

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loan

64,827

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Other loans

129,563

161,678

Bank loan

75,549

-

205,112

161,678

Hewitt SSAS holds a floating charge over each of the investment properties held by the company. The loan is subject to interest at 6.25% per annum and is repayable in 60 monthly instalments which commenced in October 2024.

TSB holds a second ranked bond and floating charge over all of the properties held by the company and a first standard security over the 11 Mansfield Avenue property. The loan is subject fo interest at base rate plus 3.15% per annum and is repayable in 240 monthly installments which commenced in January 2026.

9.	BOUNCE BACK LOAN SCHEME

The company borrowed £9,000 under the Governments Bounce Back Loan Scheme. Under the scheme the Government provides the bank with a guarantee that the loan will be repaid in full. Interest is charged at the rate of 2.5% and the loan is repayable by installments as detailed below.

2026

2025

£

£

< 1 year

477

1,917

2-5 years

-

440

477

2,357