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REGISTERED NUMBER: 00768485 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 December 2024 |

| for |

| J. T. Elvin Limited |

| J. T. Elvin Limited (Registered number: 00768485) |

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| J. T. Elvin Limited |

Company Information

for the Year Ended 31 December 2024

| DIRECTOR: | J M Elvin

| SECRETARY: | A G Chittock

| REGISTERED OFFICE: | 12 Unity Street

| Ipswich

| Suffolk

| IP3 0AP

| REGISTERED NUMBER: | 00768485 (England and Wales)

| ACCOUNTANTS: | Knights Lowe Ltd

| Chartered Accountants

| Crane Court

| 302 London Road

| Ipswich

| Suffolk

| IP2 0AJ

| J. T. Elvin Limited (Registered number: 00768485) |

Statement of Financial Position

31 December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 16,818 |  | 23,746 |  |

Investment property | 5 | 1,160,000 |  | 1,160,000 |  |

1,176,818 |  | 1,183,746 |  |

CURRENT ASSETS

Stocks | 7,700 |  | 9,200 |  |

Debtors | 6 | 2,718 |  | 1,800 |  |

Cash at bank and in hand | 688,466 |  | 596,776 |  |

698,884 |  | 607,776 |  |

CREDITORS

Amounts falling due within one year | 7 | 44,054 |  | 37,767 |  |

NET CURRENT ASSETS | 654,830 |  | 570,009 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,831,648 |  | 1,753,755 |  |

PROVISIONS FOR LIABILITIES | 8 | 154,060 |  | 154,761 |  |

NET ASSETS | 1,677,588 |  | 1,598,994 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 200 |  | 100 |  |

Fair value reserve | 575,322 |  | 575,322 |  |

Retained earnings | 1,102,066 |  | 1,023,572 |  |

SHAREHOLDERS' FUNDS | 1,677,588 |  | 1,598,994 |  |

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

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

| J. T. Elvin Limited (Registered number: 00768485) |

Statement of Financial Position - continued

31 December 2024

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 11 September 2025 and were signed by:

J M Elvin - Director

| J. T. Elvin Limited (Registered number: 00768485) |

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| J. T. Elvin 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 as modified by the revaluation of certain assets.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Leasehold improvements | - | 10 years straight line

| Plant and machinery | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Office equipment | - | 25% on reducing balance

| Investment properties

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Financial instruments

| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like accounts receivable and payable, bank facilities and loans from related parties.

| Debt instruments that are payable or receivable within one year are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are payable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.

| J. T. Elvin Limited (Registered number: 00768485) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2023 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Leasehold |  | Plant and |  | Motor |  | Office |

| improvements |  | machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 January 2024 | 41,231 |  | 46,519 |  | 42,648 |  | 3,450 |  | 133,848 |  |

| Additions | - |  | 2,255 |  | - |  | - |  | 2,255 |  |

| Disposals | - |  | (621 | ) | - |  | - |  | (621 | ) |

| At 31 December 2024 | 41,231 |  | 48,153 |  | 42,648 |  | 3,450 |  | 135,482 |  |

| DEPRECIATION

| At 1 January 2024 | 37,108 |  | 32,226 |  | 38,120 |  | 2,648 |  | 110,102 |  |

| Charge for year | 4,123 |  | 3,584 |  | 1,132 |  | 200 |  | 9,039 |  |

| Eliminated on disposal | - |  | (477 | ) | - |  | - |  | (477 | ) |

| At 31 December 2024 | 41,231 |  | 35,333 |  | 39,252 |  | 2,848 |  | 118,664 |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  | 12,820 |  | 3,396 |  | 602 |  | 16,818 |  |

| At 31 December 2023 | 4,123 |  | 14,293 |  | 4,528 |  | 802 |  | 23,746 |  |

| J. T. Elvin Limited (Registered number: 00768485) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2024

| and 31 December 2024 | 1,160,000 |  |

| NET BOOK VALUE

| At 31 December 2024 | 1,160,000 |  |

| At 31 December 2023 | 1,160,000 |  |

| Fair value at 31 December 2024 is represented by:

£ |

| Valuation in 2012 | 504,972 |  |

| Valuation in 2016 | 156,500 |  |

| Valuation in 2019 | (32,500 | ) |

| Valuation in 2020 | 102,205 |  |

| Cost | 428,823 |  |

1,160,000 |  |

| If investment property had not been revalued it would have been included at the following historical cost:

2024 | 2023 |

£ | £ |

| Cost | 428,823 |  | 428,823 |  |

| The investment property was valued on an open market basis on 31 December 2024 by the director .

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | - |  | 180 |  |

| Other debtors | 2,718 |  | 1,620 |  |

2,718 |  | 1,800 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade creditors | 3,015 |  | 3,090 |  |

| Taxation and social security | 26,180 |  | 20,150 |  |

| Other creditors | 14,859 |  | 14,527 |  |

44,054 |  | 37,767 |  |

| J. T. Elvin Limited (Registered number: 00768485) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

8. | PROVISIONS FOR LIABILITIES

2024 | 2023 |

£ | £ |

| Deferred tax

| Accelerated capital allowances | 4,205 |  | 4,906 |  |

| Investment property gains | 149,855 |  | 149,855 |  |

154,060 |  | 154,761 |  |

| Deferred |

| tax |

£ |

| Balance at 1 January 2024 | 154,761 |  |

| Credit to Income Statement during year | (701 | ) |

| Balance at 31 December 2024 | 154,060 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 100 | Ordinary A | £1 | 100 |  | 100 |  |

| 100 | Ordinary B | £1 | 100 |  | - |  |

200 |  | 100 |  |

| 100 Ordinary B shares of £1 each were allotted and fully paid for cash at par during the year.

| The Ordinary B shares issued during the year are non-voting and have no right to appoint or remove directors. On a winding up the Ordinary B shares have a right to capital equal to the value of the company less the value assigned to the Ordinary A shareholders using a set formula.