REGISTERED NUMBER: 03290889 (England and Wales)

JGS PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs D M Atkinson

A N Atkinson

Mrs M N Atkinson

SECRETARY:

Mrs D M Atkinson

REGISTERED OFFICE:

Marston House

5, Elmdon Lane

Marston Green

Solihull

West Midlands

B37 7DL

REGISTERED NUMBER:

03290889 (England and Wales)

ACCOUNTANTS:

Sephton & Company LLP

Chartered Certified Accountants

Marston House

5 Elmdon Lane

Marston Green

Solihull

West Midlands

B37 7DL

FIXED ASSETS

Tangible assets

4

38

50

Investments

5

5,414,814

5,427,395

5,414,852

5,427,445

CURRENT ASSETS

Debtors

6

351,408

249,726

Cash at bank

1,187,398

1,098,843

1,538,806

1,348,569

CREDITORS

Amounts falling due within one year

7

280,284

273,272

NET CURRENT ASSETS

1,258,522

1,075,297

TOTAL ASSETS LESS CURRENT LIABILITIES

6,673,374

6,502,742

PROVISIONS FOR LIABILITIES

57,444

57,444

NET ASSETS

6,615,930

6,445,298

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

6,614,930

6,444,298

SHAREHOLDERS' FUNDS

6,615,930

6,445,298

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

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

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2025 and were signed on its behalf by:

Mrs D M Atkinson - Director

A N Atkinson - Director

1.	STATUTORY INFORMATION

JGS Properties 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 comprises the fair value of the consideration received or receivable for the rental of residential and commercial land and property in the ordinary course of the company's activities. Turnover is shown net of value added tax, sales returns, rebates and discounts.

The company recognises revenue when:

- The amount of revenue can be reliably measured;

- It is probable that future economic benefits will flow to the entity.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

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.

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit or loss for the period.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and in non-puttable ordinary shares.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for the difference in nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

and 31 March 2025

3,781

DEPRECIATION

At 1 April 2024

3,731

Charge for year

12

At 31 March 2025

3,743

NET BOOK VALUE

At 31 March 2025

38

At 31 March 2024

50

5.	FIXED ASSET INVESTMENTS

Investments

Freehold

in joint

Listed

investment

ventures

investments

property

Totals

£

£

£

£

COST OR VALUATION

At 1 April 2024

843,333

80,173

4,503,889

5,427,395

Additions

-

-

25,000

25,000

Disposals

-

-

(26,988

)

(26,988

)

Revaluations

-

(10,593

)

-

(10,593

)

At 31 March 2025

843,333

69,580

4,501,901

5,414,814

NET BOOK VALUE

At 31 March 2025

843,333

69,580

4,501,901

5,414,814

At 31 March 2024

843,333

80,173

4,503,889

5,427,395

Cost or valuation at 31 March 2025 is represented by:

Investments

Freehold

in joint

Listed

investment

ventures

investments

property

Totals

£

£

£

£

Valuation in 2023

-

(65,564

)

-

(65,564

)

Valuation in 2024

211,312

(19,699

)

38,110

229,723

Valuation in 2025

-

(10,593

)

-

(10,593

)

Cost

632,021

165,436

4,463,791

5,261,248

843,333

69,580

4,501,901

5,414,814

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

261,577

161,817

Other debtors

89,831

87,909

351,408

249,726

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade creditors

8,445

8,629

Taxation and social security

97,234

93,283

Other creditors

174,605

171,360

280,284

273,272