J & V Properties Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 10992559 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2026

for

J & V Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

8

DIRECTORS:

Mr J A Jones

Mrs V L Jones

REGISTERED OFFICE:

1 Fenswood Mews

14 Fenswood Road

Long Ashton

Bristol

BS41 9FL

REGISTERED NUMBER:

10992559 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

270

809

Investment property

5

1,960,000

1,960,270

1,960,809

CURRENT ASSETS

Debtors

6

125,301

129,584

Cash at bank

13,319

15,804

138,620

145,388

CREDITORS

Amounts falling due within one year

7

35,464

38,180

NET CURRENT ASSETS

103,156

107,208

TOTAL ASSETS LESS CURRENT LIABILITIES

2,063,426

2,068,017

CREDITORS

Amounts falling due after more than one year

8

(1,121,300

)

(1,121,300

)

PROVISIONS FOR LIABILITIES

(116,903

)

(118,768

)

NET ASSETS

825,223

827,949

CAPITAL AND RESERVES

Called up share capital

10

100

Fair value reserve

11

370,361

368,629

Retained earnings

11

454,762

459,220

SHAREHOLDERS' FUNDS

825,223

827,949

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th October 2026 and were signed on its behalf by:

Mr J A Jones - Director

Mrs V L Jones - Director

1.	STATUTORY INFORMATION

J & V Properties Ltd 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.

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.

The financial statements are presented in sterling (£), which is the functional currency of the company.

Turnover

Turnover represents rental income receivable from investment properties and is recognised on a straight-line basis over the term of the lease.

All turnover is derived from customers based in the United Kingdom.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33.33% on cost

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.

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 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash & cash equivalents

Cash and cash equivalents consist solely of the balance held in the company's bank current account. Cash is defined as cash on hand and demand deposits, while cash equivalents are short term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value. The company does not hold any short term investments and does not operate an overdraft facility.

Critical judgements & estimation uncertainty

The principal source of estimation uncertainty relates to the valuation of investment properties. Investment properties are measured at fair value and are valued by the directors based on market evidence available at the reporting date. Due to the inherent uncertainty involved in estimating property values, future changes in market conditions may impact the carrying value of these properties.

Leases policy

The company had no operating lease commitments at the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st April 2025

and 31st March 2026

1,618

DEPRECIATION

At 1st April 2025

809

Charge for year

539

At 31st March 2026

1,348

NET BOOK VALUE

At 31st March 2026

270

At 31st March 2025

809

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2025

and 31st March 2026

1,960,000

NET BOOK VALUE

At 31st March 2026

1,960,000

At 31st March 2025

1,960,000

Fair value at 31st March 2026 is represented by:

£

Valuation in 2020

249,575

Valuation in 2021

102,621

Valuation in 2024

135,000

Cost

1,472,804

1,960,000

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

31.3.26

31.3.25

£

Cost

1,472,804

Investment property was valued on an open market basis on 31st March 2026 by the Directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Amounts owed by group undertakings

113,847

119,847

Other debtors

10,377

9,737

Tax

1,077

-

125,301

129,584

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Tax

-

4,613

Other creditors

10,377

9,737

Directors' current accounts

23,341

22,168

Accrued expenses

1,746

1,662

35,464

38,180

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

Bank loans more 5 yrs non-inst

1,121,300

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,121,300

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

Bank loans

1,121,300

The bank loan is secured by a fixed charge over the company's investment properties.

10.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

100

Ordinary

£1

100

11.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1st April 2025

459,220

368,629

827,849

Deficit for the year

(2,726

)

(2,726

)

Assets revalued in period

(1,732

)

1,732

-

At 31st March 2026

454,762

370,361

825,123

12.	CONTINGENT LIABILITIES

There were no contingent liabilities or capital commitments at the balance sheet date.

13.	RELATED PARTY DISCLOSURES

As at 31 March 2026, J & V Properties Ltd was owed £113,847 (2025: £119,847) from related parties. These balances are unsecured, interest-free and repayable on demand.

The company also has a director’s loan account with the directors, who are controlling parties of the company, with a balance of £23,341 as at 31 March 2026 (2025: £22,168). This balance is likewise unsecured, interest-free and repayable on demand, and no guarantees have been given.

14.	EVENTS AFTER BALANCE SHEET DATE

There have been no events after the balance sheet date affecting the Company since the financial period.

15.	GOING CONCERN

The company is reliant on the support of its directors and shareholders and having made appropriate enquiries, the directors have considered the future cashflow of the company and is not aware of any reason why the company will not be able to meet its liabilities as they fall due for the foreseeable future. As a result the directors have continued to adopt the going concern basis.

16.	FINANCIAL INSTRUMENTS

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.Trade debtors, other debtors, cash and bank balances are initially measured at transaction price. They are subsequently measured at amortised cost, using the effective interest method, except where amounts fall due within one year, in which case they remain at the transaction price as discounting is not required for short term balances

Where payment terms extend beyond normal business terms, or the arrangement includes a financing element, the financial asset is measured at the present value of future cash flows, discounted at a market rate of interest.

Trade creditors, loans and accruals are initially recognised at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction, in which case liabilities are measured at the present value of future payments discounted at a market rate of interest.

Financial assets measured at cost or amortised cost are assessed for impairment at the reporting date. Any impairment loss is recognised in the profit and loss account. Reversals of impairment are recognised immediately when the estimated recoverable amount increases, provided the revised carrying value does not exceed the original carrying amount had no impairment occurred.

Financial assets and financial liabilities are only offset when the company has a legally enforceable right to set off the recognised amounts and intends to settle on a net basis or to realise the asset and settle the liability simultaneously.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J & V Properties Ltd for the year ended 31st March 2026 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of J & V Properties Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J & V Properties Ltd and state those matters that we have agreed to state to the Board of Directors of J & V Properties Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that J & V Properties Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of J & V Properties Ltd. You consider that J & V Properties 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 financial statements of J & V Properties 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 financial statements.

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

16th October 2026