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Registration number: 00617579

J.C. Payne Engineering Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2024

J.C. Payne Engineering Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 6

J.C. Payne Engineering Limited

(Registration number: 00617579)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 138 | 172
Investment property | 5 | 2,750,000 | 2,750,000
|  | 2,750,138 | 2,750,172
Current assets |  |  |
Debtors | 6 | 40,247 | 48,348
Cash at bank and in hand |  | 292,928 | 268,076
|  | 333,175 | 316,424
Creditors: Amounts falling due within one year | 7 | (40,999) | (51,530)
Net current assets |  | 292,176 | 264,894
Total assets less current liabilities |  | 3,042,314 | 3,015,066
Provisions for liabilities |  | (350,000) | (350,000)
Net assets |  | 2,692,314 | 2,665,066
Capital and reserves |  |  |
Called up share capital | 8 | 5,253 | 5,253
Capital redemption reserve |  | 2,749 | 2,749
Revaluation reserve |  | 1,726,763 | 1,726,763
Retained earnings |  | 957,549 | 930,301
Shareholders' funds |  | 2,692,314 | 2,665,066

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.

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.

J.C. Payne Engineering Limited

(Registration number: 00617579)
Balance Sheet as at 31 December 2024

Approved and authorised by the Board on 10 September 2025 and signed on its behalf by:

.........................................

Mrs V I Castell
Director

J.C. Payne Engineering Limited

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 England.

The address of its registered office is:
Polgraines
Faringdon Road
Cumnor
Oxford
OX2 9QY

These financial statements were authorised for issue by the Board on 10 September 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

Revenue recognition

The total turnover of the company for the year has been derived from its pricipal activity of the management of its properties, wholly undertaken in the UK.

Tax

The tax expense for the period comprises current and deferred 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.

J.C. Payne Engineering Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 20% reducing balance

Investment property

Investment properties are included at fair value. The valuation of investment properties is considered annually by the directors and revalued whenever their carrying amounts are likely to differ materially from their fair value. Changes in fair value are recognised in profit or loss. No depreciation is provided in respect of investment properties.

Defined contribution pension obligation

Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3 | Staff numbers

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

J.C. Payne Engineering Limited

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

4 | Tangible assets

| Plant and machinery £ | Total £
Cost or valuation
At 1 January 2024 | 6,337 | 6,337
At 31 December 2024 | 6,337 | 6,337
Depreciation
At 1 January 2024 | 6,165 | 6,165
Charge for the year | 34 | 34
At 31 December 2024 | 6,199 | 6,199
Carrying amount
At 31 December 2024 | 138 | 138
At 31 December 2023 | 172 | 172

5 | Investment properties

| 2024 £
At 1 January | 2,750,000
At 31 December | 2,750,000

An independent valuer valued the property on 10th August 2023.

6 | Debtors

| 2024 £ | 2023 £
Trade debtors | 35,956 | 46,768
Prepayments | 4,264 | 913
Other debtors | 27 | 667
| 40,247 | 48,348

J.C. Payne Engineering Limited

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

7 | Creditors

Creditors: amounts falling due within one year

| 2024 £ | 2023 £
Due within one year |  |
Trade creditors | - | 1,201
Taxation and social security | 16,805 | 21,761
Accruals and deferred income | 24,194 | 28,568
| 40,999 | 51,530

8 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary shares of £1 each | 5,251 | 5,251 | 5,251 | 5,251
Ordinary A shares of £1 each | 2 | 2 | 2 | 2
| 5,253 | 5,253 | 5,253 | 5,253