Registration number: NI672395

JEMCA Properties Ltd

(Registration number: NI672395)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Investment property	4	1,253,088	1,082,955
Current assets
Stocks	5	17,316	3,330
Debtors	6	4,297	630
Cash at bank and in hand		8,712	113,391
		30,325	117,351
Creditors: Amounts falling due within one year	7	(21,430)	(12,458)
Net current assets		8,895	104,893
Total assets less current liabilities		1,261,983	1,187,848
Creditors: Amounts falling due after more than one year	7	(1,144,223)	(1,130,360)
Net assets		117,760	57,488
Capital and reserves
Retained earnings		117,760	57,488
Shareholders' funds		117,760	57,488

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

JEMCA Properties Ltd

(Registration number: NI672395)
Balance Sheet as at 31 December 2024

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 April 2025 and signed on its behalf by:
 

......................................... Mr James Laurence McAlister Director

JEMCA Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 23 Ballyemon Road, Cushendall, Ballymena, Co Antrim, BT44 0SJ.

These financial statements were authorised for issue by the Board on 2 April 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Rental income

Rental income represents total rents receivable, net of value added tax, in relation to investments in properties.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment properties are initially measured at cost. Cost comprises the purchase price and any
directly attributable expenditure including fees, taxes and other transaction costs. Direct costs initially
incurred in arranging a lease are included in the cost of the property and subsequently expensed over
the lease term. Investment properties are measured at fair value at each reporting date with any
changes in fair value recognised in the profit and loss account.

JEMCA Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

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 income statement in operating expenses.

Stock and work in progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4	Investment properties

	2024 £
At 1 January	1,082,955
Additions	170,133
At 31 December	1,253,088