Jassal Enterprises Ltd - Filleted accounts

Registered number

SC554043

Jassal Enterprises Ltd

Filleted Accounts

31 January 2026

Jassal Enterprises Ltd
Registered number:		SC554043
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Investments	3		504,938			504,938

Current assets
Cash at bank and in hand		19,611			11,747

Creditors: amounts falling due within one year	4	(89,675)			(87,329)

Net current liabilities			(70,064)			(75,582)

Total assets less current liabilities			434,874			429,356

Creditors: amounts falling due after more than one year	5		(273,753)			(312,753)



Net assets			161,121			116,603

Capital and reserves
Called up share capital			100			100
Profit and loss account			161,021			116,503

Shareholder's funds			161,121			116,603

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr G S Jassal
Director
Approved by the board on 22 September 2026

Jassal Enterprises Ltd
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Investment properties
	Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees	2026		2025
Number			Number

	Average number of persons employed by the company	1		1


3	Investment properties

	Cost			£

	At 1 February 2025			504,938

	At 31 January 2026			504,938

	Investment property comprises four commercial units held at their historical cost of £504,938. No valuation has been carried out during the current financial year; and accordingly the property continues to be stated at their existing carrying value. No depreciation is charged on freehold investment property.


4	Creditors: amounts falling due within one year	2026		2025
£			£

	Bank loans and overdrafts	11,359		10,648
	Obligations under finance lease and hire purchase contracts	-		7,580
	Accruals	1,076		720
	Taxation and social security costs	14,775		5,916
	Other creditors	62,465		62,465
		89,675		87,329


5	Creditors: amounts falling due after one year	2026		2025
£			£

	Bank loans	33,510		40,810
	Other creditors	240,243		271,943
		273,753		312,753


6	Loans	2026		2025
£			£
	Creditors include:

	Secured bank loans	41,090		45,124

	The bank borrowings from Royal Bank of Scotland PLC and Bounce Back Loan are secured over the property assets of the company.


7	Related party transactions

	At the balance sheet date, £62,465 is owed to The Boiler Dr Ltd (SC635160), a company with common directors and shareholders. The amount is interest free and not repayable upon demand.


8	Controlling party

	The director, Mr G S Jassal, holds a 100% beneficial interest in the share capital of the company.


9	Other information

	Jassal Enterprises Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
	145 Kilmarnock Road
	Glasgow
	G41 3JA