Company registration number 10045728 (England and Wales)
JAMES PROPERTY & CONSTRUCTION CONSULTANCY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
JAMES PROPERTY & CONSTRUCTION CONSULTANCY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
JAMES PROPERTY & CONSTRUCTION CONSULTANCY LIMITED (REGISTERED NUMBER: 10045728)
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
850
1,133
Current assets
Debtors
4
15,649
22,156
Cash at bank and in hand
100
154
15,749
22,310
Creditors: amounts falling due within one year
5
(22,038)
(20,368)
Net current (liabilities)/assets
(6,289)
1,942
Total assets less current liabilities
(5,439)
3,075
Creditors: amounts falling due after more than one year
6
(22,546)
(25,725)
Net liabilities
(27,985)
(22,650)
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
(28,085)
(22,750)
Total equity
(27,985)
(22,650)
JAMES PROPERTY & CONSTRUCTION CONSULTANCY LIMITED (REGISTERED NUMBER: 10045728)
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
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 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 Companies Act 2006 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.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 19 June 2025 and are signed on its behalf by:
Mr N Bacon
Director
JAMES PROPERTY & CONSTRUCTION CONSULTANCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information
James Property & Construction Consultancy Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19/21 Swan Street, West Malling, Kent, ME19 6JU.
1.1
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 £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover is recognised at the fair value of consideration received or receivable for the services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. The following criteria also must be met before turnover is recognised.
Turnover 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:
The amount of turnover can be measured reliably;
It is probable that the company will receive the consideration due under the contract;
The stage of completion of the contract at the end of the reporting period can be measured reliably and;
The costs incurred and the costs to complete the contract can be measured reliably
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
JAMES PROPERTY & CONSTRUCTION CONSULTANCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
25% reducing balance
Computers
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 April 2024 and 31 March 2025
2,405
2,319
4,724
Depreciation and impairment
At 1 April 2024
2,156
1,435
3,591
Depreciation charged in the year
62
221
283
At 31 March 2025
2,218
1,656
3,874
Carrying amount
At 31 March 2025
187
663
850
At 31 March 2024
249
884
1,133
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
15,649
22,156
JAMES PROPERTY & CONSTRUCTION CONSULTANCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
9,332
7,802
Taxation and social security
9,731
9,731
Other creditors
2,975
2,835
22,038
20,368
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
22,546
25,725
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
99
99
99
99
Ordinary A of £1 each
1
1
1
1
100
100
100
100
8
Financial commitments, guarantees and contingent liabilities
During the 2021 accounting period, the company borrowed £35,000 from its bankers for a Bounce Back Loan. As part of this loan scheme, the UK government guaranteed the advance and paid the interest and fees due for the first 12 months. At the balance sheet date, the outstanding amount of the loan was £25,919 (2024: £28,717). This amount is shown within creditors within one year and over one year on the balance sheet. The interest rate on this loan is 2.50% per annum.
9
Directors' transactions
Included within other debtors is a directors' loan account totalling £13,597 (2024: £22,156), which will be repaid within 9 months.