REGISTERED NUMBER: 15121210 (England and Wales)

JMEC HOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 7 SEPTEMBER 2023 TO 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr John Mason

REGISTERED OFFICE:

Unit 5

Highgate House

134 Highgate

Kendal

Cumbria

LA9 4HW

REGISTERED NUMBER:

15121210 (England and Wales)

ACCOUNTANTS:

SMH Sheards

Vernon House

40 New North Road

Huddersfield

West Yorkshire

HD1 5LS

CURRENT ASSETS

Stocks

250,433

CREDITORS

Amounts falling due within one year

4

(251,391

)

NET CURRENT LIABILITIES

(958

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(958

)

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

(959

)

SHAREHOLDERS' FUNDS

(958

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 4 September 2025 and were signed by:

Mr John Mason - Director

1.	STATUTORY INFORMATION

Jmec Homes 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.	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.

The director believes it is appropriate to prepare the financial statements on the going concern basis. In reaching this conclusion, he has considered the company’s forecasts and cash flow projections, and they are satisfied it will be able to meet its liabilities as they fall due, particularly due to continued financial support from the director and related parties.

Stocks

Work in progress is calculated using the first-in, first-out method and includes purchase cost, legal fees & all

renovation work in bringing properties to their present condition.

Financial instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include other debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets, are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including other creditors and accruals, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed to group undertakings

239,748

Other creditors

11,643

251,391

5.	RELATED PARTY DISCLOSURES

The amount of £239,748 was owed to John Mason Consultancy Ltd which is a company under the control of the director. The loan is interest free and repayable on demand.

The amount of £10,943 was owed to the director. The loan is interest free and repayable on demand.