REGISTERED NUMBER: 04371634 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

J.A.G. Property Development Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R J Williams

A S Powell

SECRETARY:

R J Williams

REGISTERED OFFICE:

21 Church Road

Parkstone

Poole

Dorset

BH14 8UF

REGISTERED NUMBER:

04371634 (England and Wales)

ACCOUNTANT:

Richard Allen & Associates

21 Church Road

Parkstone

Poole

Dorset

BH14 8UF

FIXED ASSETS

Tangible assets

4

243

286

Investment property

5

720,000

800,000

720,243

800,286

CURRENT ASSETS

Debtors

6

2,458

3,621

Cash at bank and in hand

7,525

3,122

9,983

6,743

CREDITORS

Amounts falling due within one year

7

82,967

80,208

NET CURRENT LIABILITIES

(72,984

)

(73,465

)

TOTAL ASSETS LESS CURRENT LIABILITIES

647,259

726,821

CREDITORS

Amounts falling due after more than one year

8

(473,923

)

(473,441

)

PROVISIONS FOR LIABILITIES

(29,446

)

(44,646

)

NET ASSETS

143,890

208,734

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

143,887

208,731

SHAREHOLDERS' FUNDS

143,890

208,734

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.

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 28 November 2025 and were signed on its behalf by:

A S Powell - Director

1.	STATUTORY INFORMATION

J.A.G. Property Development 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

15% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

and 28 February 2025

2,010

DEPRECIATION

At 1 March 2024

1,724

Charge for year

43

At 28 February 2025

1,767

NET BOOK VALUE

At 28 February 2025

243

At 29 February 2024

286

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

800,000

Revaluations

(80,000

)

At 28 February 2025

720,000

NET BOOK VALUE

At 28 February 2025

720,000

At 29 February 2024

800,000

Fair value at 28 February 2025 is represented by:

£

Valuation in 2004

39,955

Valuation in 2005

55,026

Valuation in 2007

20,000

Valuation in 2008

(120,000

)

Valuation in 2010

40,000

Valuation in 2015

60,000

Valuation in 2017

20,000

Valuation in 2023

210,000

Valuation in 2024

(90,000

)

Valuation in 2025

(80,000

)

Cost

565,019

720,000

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

2025

2024

£

£

Cost

565,019

565,019

Investment Properties were valued on an open market basis on 28 February 2025 by Mr A Powell, Director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

812

Other debtors

2,458

2,809

2,458

3,621

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

3,522

3,314

Taxation and social security

3,925

3,494

Other creditors

75,520

73,400

82,967

80,208

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

473,923

473,441

The mortgages are secured by a fixed charge over the assets of the company.