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REGISTERED NUMBER: 08717889 (England and Wales)









J J H COMMERCIAL PROPERTIES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






J J H COMMERCIAL PROPERTIES LIMITED (REGISTERED NUMBER: 08717889)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J J H COMMERCIAL PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: A S Johnson
J P Ring
J Johnson





REGISTERED OFFICE: 2 Somerby Way
Somerby Park
Gainsborough
Lincolnshire
DN21 1QT





REGISTERED NUMBER: 08717889 (England and Wales)





AUDITORS: WP Audit Services LLP
Chartered Accountant & Statutory Auditor
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

J J H COMMERCIAL PROPERTIES LIMITED (REGISTERED NUMBER: 08717889)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 2,963,319 2,090,000

CURRENT ASSETS
Debtors 6 2,991 6,389
Cash at bank 2,341 2,016
5,332 8,405
CREDITORS
Amounts falling due within one year 7 2,252,109 1,447,903
NET CURRENT LIABILITIES (2,246,777 ) (1,439,498 )
TOTAL ASSETS LESS CURRENT LIABILITIES 716,542 650,502

PROVISIONS FOR LIABILITIES 87,000 87,000
NET ASSETS 629,542 563,502

CAPITAL AND RESERVES
Called up share capital 900 900
Capital redemption reserve 100 100
Retained earnings 628,542 562,502
629,542 563,502

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 9 April 2025 and were signed on its behalf by:





J P Ring - Director


J J H COMMERCIAL PROPERTIES LIMITED (REGISTERED NUMBER: 08717889)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

J J H Commercial 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned companies within the group.

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 rental of properties.

Rents invoiced in advance which relate to future periods are deferred and rent invoiced in arrears related to past periods are accrued.

Investment property
In accordance with FRS 102, investment properties are included in the financial statements at their open market values. These are reviewed annually, and either assessed by the directors or a valuation is sought to be provided by an external expert. The annual review ensures that the property is at a value which is considered to be an approximation of their Fair Value.

When the value of an investment property is revalued the aggregate surplus or deficit on revaluation is recorded in the Profit and Loss Account, and deferred tax is recognised on any aggregate gains recorded.

Gains and losses are treated as unrealised until the point at which the property associated with those gains or losses is sold.

Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise indicated.

Deferred tax assets are only 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. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed.

Deferred tax is calculated 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.

The tax expense (income) is presented either in profit or loss, other comprehensive income or equity depending on the transaction that resulted in the tax expense (income).

J J H COMMERCIAL PROPERTIES LIMITED (REGISTERED NUMBER: 08717889)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

3. ACCOUNTING POLICIES - continued

Provisions for liabilities
Provisions are recognised when the Company has a present (legal or constructive) obligation as a result of a past event; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

The amount recognised as a provision is the best estimate of the consideration required to settle the present recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance costs in profit or loss in the period it arises.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 2,090,000
Additions 873,319
At 31 August 2024 2,963,319
NET BOOK VALUE
At 31 August 2024 2,963,319
At 31 August 2023 2,090,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2023 314,218
Cost 2,649,101
2,963,319

During the previous year, the properties brought forward were revalued by Innes England, on the basis of their open market valuation. These values are still considered to be appropriate at the year end, given the lack of volatility in the market. As such no amendment to these values has been considered necessary.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,991 6,389

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,848 4,819
Amounts owed to group undertakings 2,170,000 1,390,000
Taxation and social security 37,821 30,809
Other creditors 39,440 22,275
2,252,109 1,447,903

J J H COMMERCIAL PROPERTIES LIMITED (REGISTERED NUMBER: 08717889)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Amounts owed to group undertakings are interest free, unsecured and repayable on demand.

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stephanie Williams (Senior Statutory Auditor)
for and on behalf of WP Audit Services LLP

9. ULTIMATE CONTROLLING PARTY

No one single person controls the company.

LEW Group Holdings Limited (13869957) became the immediate parent of this company through a business restructure on 1 December 2022, through a share for share exchange. Consolidated accounts are available for the parent, which include J J H Commercial Properties Limited. Consolidated accounts can be found at Companies House, Crown Way, Cardiff.

Post-year end, on 21 October 2024, a further business restructure was carried out and Johnson Family Investment Holdings Ltd (16029438) became the ultimate parent of this company, via a share for share exchange with the shareholders of LEW Group Holdings Limited.

Following the restructure, there is still no one single controlling party.

10. RETAINED EARNINGS

Within retained earnings there are amounts totalling £227,218, which represent non-distributable reserves. This comprises the aggregate gains on investment property revaluations, less the associated deferred tax.