J & D Properties (London) Limited 28/02/2025 iXBRL

Company registration number: 05725188

J & D Properties (London) Limited

Unaudited filleted financial statements

28 February 2025

J & D Properties (London) Limited

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

J & D Properties (London) Limited

Directors and other information


	Directors	Daniel Allen
		John McDaid


	Secretary	Kathleen McDaid


	Company number	05725188


	Registered office	Unit 1
		Station Approach
		Oldfield Lane North
		Greenford
		UB6 0AL

J & D Properties (London) Limited

Statement of financial position

28 February 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	4	295,498		296,580
		_______		_______
			295,498		296,580

Current assets
Stocks		1,366,156		1,366,156
Debtors	5	60,918		88,447
Cash at bank and in hand		337,536		278,504
		_______		_______
		1,764,610		1,733,107
Creditors: amounts falling due
within one year	6	( 832,711)		( 732,294)
		_______		_______
Net current assets			931,899		1,000,813
			_______		_______
Total assets less current liabilities			1,227,397		1,297,393

Creditors: amounts falling due
after more than one year	7		-		( 205,857)
			_______		_______
Net assets			1,227,397		1,091,536
			_______		_______

Capital and reserves
Called up share capital			200		200
Profit and loss account			1,227,197		1,091,336
			_______		_______
Shareholders funds			1,227,397		1,091,536
			_______		_______

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 11 November 2025 , and are signed on behalf of the board by:

John McDaid

Director

Company registration number: 05725188

J & D Properties (London) Limited

Notes to the financial statements

Year ended 28 February 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Unit 1, Station Approach, Oldfield Lane North, Greenford, UB6 0AL.

2. Accounting policies

Accounting convention

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ('FRS 102') and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a fair view. The financial statements are prepared in Sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under historical cost convention. The principal accounting policies adopted are set out below.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

3. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

4. Tangible assets

	Freehold property	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 29 February 2024	295,000	76,212	20,000	391,212
Additions	-	384	-	384
	_______	_______	_______	_______
At 28 February 2025	295,000	76,596	20,000	391,596
	_______	_______	_______	_______
Depreciation
At 29 February 2024	-	74,745	19,887	94,632
Charge for the year	-	1,438	28	1,466
	_______	_______	_______	_______
At 28 February 2025	-	76,183	19,915	96,098
	_______	_______	_______	_______
Carrying amount
At 28 February 2025	295,000	413	85	295,498
	_______	_______	_______	_______
At 28 February 2024	295,000	1,467	113	296,580
	_______	_______	_______	_______

5. Debtors

	2025	2024
	£	£
Trade debtors	60,893	88,061
Other debtors	25	386
	_______	_______
	60,918	88,447
	_______	_______

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	215,073	93,195
Trade creditors	-	3,812
Amounts owed to group undertakings and undertakings in which the company has a participating interest	430,511	430,511
Corporation tax	41,766	38,600
Social security and other taxes	-	409
Other creditors	145,361	165,767
	_______	_______
	832,711	732,294
	_______	_______

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	-	205,857
	_______	_______

A legal charge securing amounts due from the company in respect of the bank loan has been made against the freehold of the company. During the year, interest and charges of £9,344 (2024: £13,776) were payable in relation to the loan.

9. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Daniel Allen	( 15,430)	-	( 15,430)
	John McDaid	( 125,851)	712	( 125,139)
		_______	_______	_______
		( 141,281)	712	( 140,569)
		_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Daniel Allen	( 15,430)	-	( 15,430)
	John McDaid	( 125,851)	-	( 125,851)
		_______	_______	_______
		( 141,281)	-	( 141,281)
		_______	_______	_______

10. Related party transactions

The company was under the control of Mr D Allen throughout the current and previous year. Mr Allen is the managing director.

At the year end, the following balances were owed by the company:

D Allen (Director) was owed £15,430 by the company (2024-£15,430). J McDaid (Director) was owed £125,139 by the company (2024-£125,851). J & J Transport Limited, a company associatied by J McDaid (Director) was owed £430,511 by the company (2024-£430,511).