Company registration number 7272601 (England and Wales)
JCR INVESTMENT PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
92 Station Road
Clacton on Sea
Essex
CO15 1SG
JCR INVESTMENT PROPERTIES LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Statement of changes in equity
4
Notes to the financial statements
5 - 8
JCR INVESTMENT PROPERTIES LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr P B Edmondson
Mrs J C Edmondson
Mrs C J Henderson
Mrs J M Jones
Mrs R K Allen
Company number
7272601
Registered office
143 Connaught Avenue
Frinton on Sea
Essex
CO13 9AB
Accountants
TC Group
92 Station Road
Clacton on Sea
Essex
CO15 1SG
JCR INVESTMENT PROPERTIES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment properties
4
517,500
517,500
Current assets
Debtors
5
600
744,340
Cash at bank and in hand
42,838
23,997
43,438
768,337
Creditors: amounts falling due within one year
7
(46,878)
(17,849)
Net current (liabilities)/assets
(3,440)
750,488
Total assets less current liabilities
514,060
1,267,988
Creditors: amounts falling due after more than one year
6
(300,000)
(1,109,800)
Net assets
214,060
158,188
Capital and reserves
Called up share capital
600
2
Distributable profit and loss reserves
213,460
158,186
Total equity
214,060
158,188
JCR INVESTMENT PROPERTIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 3 -
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 30 May 2025 and are signed on its behalf by:
Mr P B Edmondson
Director
Company Registration No. 7272601
JCR INVESTMENT PROPERTIES LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
Share capital
Non-distri-butable profits
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 April 2023
2
439,544
316,586
756,132
Year ended 31 March 2024:
Loss and total comprehensive income
-
(439,544)
(118,400)
(557,944)
Dividends
-
-
(40,000)
(40,000)
Balance at 31 March 2024
2
158,186
158,188
Year ended 31 March 2025:
Profit and total comprehensive income
-
-
55,274
55,274
Issue of share capital
598
-
-
598
Balance at 31 March 2025
600
213,460
214,060
The notes on pages 5 to 8 form part of these financial statements.
JCR INVESTMENT PROPERTIES LIMITED
STATEMENT OF CHANGES IN EQUITY (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
1
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
In the opinion of the directors there are no significant judgements or areas of estimation uncertainty.
2
Accounting policies
Company information
JCR Investment Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 143 Connaught Avenue, Frinton on Sea, Essex, CO13 9AB.
2.1
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 true and 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 the historical cost convention. The principal accounting policies adopted are set out below.
2.2
Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company, and the revenue can be reliably measured. The fair value of consideration takes into account discounts, rebates, value added tax and other sales taxes.
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
a) the amount of revenue can be measured reliably:
b) it is probable that the company will receive the consideration due under the contract;
c) the stage of completion of the contract at the end of the reporting period can be measured reliably;
d) the costs incurred and the costs to complete the contract can be measured reliably.
JCR INVESTMENT PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2
Accounting policies
(Continued)
- 6 -
2.3
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
2.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
2.6
Share capital treated as debt
Preference shares are redeemable at the option of the shareholders and subject to cash availability, and as such the shares have been treated as a liability. This representation of the shares follows their substance rather than their legal form.
2.7
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
JCR INVESTMENT PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
5
5
4
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
517,500
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
600
744,340
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
300,000
1,109,800
7
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
17,378
15,549
Other creditors
17,950
Accruals and deferred income
11,550
2,300
46,878
17,849
JCR INVESTMENT PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
8
Revaluation reserve
2025
2024
£
£
At the beginning of the year
-
439,544
Non distributable profits in the year
-
(439,544)
At the end of the year
-
-