REGISTERED NUMBER: 04151642 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

JC PROPERTY (NO.1) LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J Crabtree

Mrs S J Travis

Ms S Travis

SECRETARY:

R A Crabtree

REGISTERED OFFICE:

4 The Crescent

Adel

Leeds

LS16 6AA

REGISTERED NUMBER:

04151642 (England and Wales)

ACCOUNTANTS:

D & J Randles

Chartered Certified Accountants

10 The Crescent

Adel

Leeds

West Yorkshire

LS16 6AA

FIXED ASSETS

Tangible assets

4

6,217

6,884

Investment property

5

2,071,421

2,065,000

2,077,638

2,071,884

CURRENT ASSETS

Debtors

719

719

Cash at bank

13,336

6,485

14,055

7,204

CREDITORS

Amounts falling due within one year

29,744

28,793

NET CURRENT LIABILITIES

(15,689

)

(21,589

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,061,949

2,050,295

CREDITORS

Amounts falling due after more than one year

(617,232

)

(658,026

)

PROVISIONS FOR LIABILITIES

7

(163,595

)

(163,595

)

NET ASSETS

1,281,122

1,228,674

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

1,281,121

1,228,673

SHAREHOLDERS' FUNDS

1,281,122

1,228,674

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 November 2025 and were signed on its behalf by:

Mrs S J Travis - Director

1.	STATUTORY INFORMATION

JC Property (No.1) 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.

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 rents received. The company is not registered for value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2024

and 28 February 2025

10,832

DEPRECIATION

At 1 March 2024

3,948

Charge for year

667

At 28 February 2025

4,615

NET BOOK VALUE

At 28 February 2025

6,217

At 29 February 2024

6,884

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

2,065,000

Additions

6,421

At 28 February 2025

2,071,421

NET BOOK VALUE

At 28 February 2025

2,071,421

At 29 February 2024

2,065,000

Fair value at 28 February 2025 is represented by:

£

Valuation in 2017

400,874

Valuation in 2023

(113,000

)

Valuation in 2024

589,570

Cost

1,193,977

2,071,421

If investment properties had not been revalued they would have been included at the following historical cost:

28.2.25

29.2.24

£

£

Cost

1,193,977

1,187,556

Investment properties were valued on an open market basis on 29 February 2024 by the directors .

6.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.25

29.2.24

£

£

Bank loans

3,546

6,776

Directors loan

613,686

651,250

617,232

658,026

Bank loans and the Director's loan are secured by the charges on certain of the company's investment properties.

7.	PROVISIONS FOR LIABILITIES

28.2.25

29.2.24

£

£

Deferred tax

163,595

163,595

Deferred

tax

£

Balance at 1 March 2024

163,595

Balance at 28 February 2025

163,595

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

£

1

Ordinary

£1

1

1

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs S J Travis.