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REGISTERED NUMBER: 03491949 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

JMK PROPERTIES LIMITED

JMK PROPERTIES LIMITED (REGISTERED NUMBER: 03491949)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JMK PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2025







DIRECTORS: K Rogers
J E Rogers





REGISTERED OFFICE: Westgate House
87 St Dunstan's Street
Canterbury
Kent
CT2 8AE





REGISTERED NUMBER: 03491949 (England and Wales)





ACCOUNTANTS: Spain Brothers & Co
Chartered Accountants
Westgate House
87 St Dunstans Street
Canterbury
Kent
CT2 8AE

JMK PROPERTIES LIMITED (REGISTERED NUMBER: 03491949)

BALANCE SHEET
31ST MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,495 24,387
Investments 5 247,995 -
Investment property 6 773,940 773,940
1,041,430 798,327

CURRENT ASSETS
Debtors 7 256 13,597
Cash at bank 260,355 512,169
260,611 525,766
CREDITORS
Amounts falling due within one year 8 107,447 68,422
NET CURRENT ASSETS 153,164 457,344
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,194,594

1,255,671

PROVISIONS FOR LIABILITIES 65,057 65,687
NET ASSETS 1,129,537 1,189,984

CAPITAL AND RESERVES
Called up share capital 3 3
Revaluation reserve 9 266,961 262,370
Retained earnings 9 862,573 927,611
SHAREHOLDERS' FUNDS 1,129,537 1,189,984

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

JMK PROPERTIES LIMITED (REGISTERED NUMBER: 03491949)

BALANCE SHEET - continued
31ST MARCH 2025


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 25th July 2025 and were signed on its behalf by:





J E Rogers - Director


JMK PROPERTIES LIMITED (REGISTERED NUMBER: 03491949)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025


1. STATUTORY INFORMATION

JMK 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 financial statements are presented in sterling which is the functional currency of the company.

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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Rental income from operating leases is credited to the profit and loss account as it falls due.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) less depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Office equipment- 25% reducing balance
Plant & machinery- 15% reducing balance
Fixtures & fittings- 20% reducing balance

Freehold investment property
Freehold investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

JMK PROPERTIES LIMITED (REGISTERED NUMBER: 03491949)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


2. ACCOUNTING POLICIES - continued

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can be measured reliably. Other investments are measured at cost less impairment.

The methods and significant assumptions used to ascertain the fair value for the year are as follows:

The fair value of listed investments is determined by reference to the quoted price for identical assets in an active market at the balance sheet date.

Other investments are measured at cost less impairment on the basis that they represent shares in entities that are not publicly traded and the fair value cannot otherwise be measured reliably.

Income from investments
Income from Investments is included under Other Operating Income and is credited to the profit and loss account as the company's right to receive payment is established.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Office
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st April 2024
and 31st March 2025 1,704 32,077 2,202 35,983
DEPRECIATION
At 1st April 2024 1,376 8,651 1,569 11,596
Charge for year 49 4,685 158 4,892
At 31st March 2025 1,425 13,336 1,727 16,488
NET BOOK VALUE
At 31st March 2025 279 18,741 475 19,495
At 31st March 2024 328 23,426 633 24,387

JMK PROPERTIES LIMITED (REGISTERED NUMBER: 03491949)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
Additions 248,125
Disposals (20 )
Revaluations (110 )
At 31st March 2025 247,995
NET BOOK VALUE
At 31st March 2025 247,995

Cost or valuation at 31st March 2025 is represented by:

Other
investments
£   
Valuation in 2025 (110 )
Cost 248,105
247,995

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2024
and 31st March 2025 773,940
NET BOOK VALUE
At 31st March 2025 773,940
At 31st March 2024 773,940

Fair value at 31st March 2025 is represented by:
£   
Valuation in 2017 132,715
Valuation in 2020 70,342
Valuation in 2023 125,000
Valuation in 2024 3,961
Cost 441,922
773,940

JMK PROPERTIES LIMITED (REGISTERED NUMBER: 03491949)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


6. INVESTMENT PROPERTY - continued

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

2025 2024
£    £   
Cost 441,922 441,922

The Investment properties were valued on an open market basis on 31st March 2023 by the Directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
VAT 256 -
Accruals - 13,597
256 13,597

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors - 1
Tax 1,734 77
VAT - 518
Directors' current accounts 98,713 58,984
Accruals and deferred income 7,000 8,842
107,447 68,422

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1st April 2024 927,611 262,370 1,189,981
Profit for the year 29,553 - 29,553
Dividends (90,000 ) - (90,000 )
Transfers between reserves (4,591 ) 4,591 -
At 31st March 2025 862,573 266,961 1,129,534

10. ULTIMATE CONTROLLING PARTY

The Directors, as family members, control the Company by virtue of a 100% interest in the issued share capital.