ACCOUNTS - Final Accounts preparation

Registered number: 11350184

JMR PROPERTY DEVELOPMENTS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2025

JMR PROPERTY DEVELOPMENTS LIMITED

REGISTERED NUMBER: 11350184

BALANCE SHEET

AS AT 31 MAY 2025

	2025	2025	2024	2024
Note	£	£	£	£


Current assets
Stocks		630,000		630,000
Debtors: amounts falling due within one year	4	-		4,677
Cash at bank and in hand	5	28		16
		630,028		634,693
Creditors: amounts falling due within one year	6	(516,445)		(431,237)
Net current assets			113,583		203,456
Total assets less current liabilities			113,583		203,456
Creditors: amounts falling due after more than one year	7		(129,640)		(220,812)

Net liabilities			(16,057)		(17,356)

Capital and reserves
Called up share capital	55	55
Profit and loss account	(16,112)	(17,411)
	(16,057)	(17,356)

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JMR PROPERTY DEVELOPMENTS LIMITED

REGISTERED NUMBER: 11350184

BALANCE SHEET (CONTINUED)

AS AT 31 MAY 2025

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

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

Brian N Richens

Director

Date: 16 September 2025

The notes on pages 3 to 6 form part of these financial statements.

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JMR PROPERTY DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1.	General information

JMR Property Developments Limited is a private limited company, incorpoarted in England and Wales.
The registered office and principal place of business is 34 Church End, Renhold, Bedford, MK41 0LU.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The Directors have given their guarantee that they will continue to support the Company to ensure the Company can meet its debts as they fall due for at least 12 months from the date of signing these accounts.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

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JMR PROPERTY DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

2.Accounting policies (continued)

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

2.7

Stock/WIP

Anticpated profit recognised as forseen and recognised as turnover. Profit estimated based on professional valuation of property.
At each Balance Sheet date, stocks are assessed for impairment. If stock is 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.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 4 (2024 - 4).

Debtors

					2025	2024
					£	£


Other debtors	-	4,677

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JMR PROPERTY DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

5.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank and in hand	28	16

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	10,000	10,000
Other loans	247,480	150,701
Corporation tax	239	-
Directors loan account	246,378	254,830
Accruals and deferred income	12,348	15,706
	516,445	431,237

The bank loan is secured by a guarantee from the UK Government under the Bounce Back Loan Scheme.
Other loans are secured on 32 Top End, Renhold.

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	833	10,833
Other loans	128,807	209,979
	129,640	220,812

The bank loan is secured by a guarantee from the UK Government under the Bounce Back Loan Scheme.
Other loans are secured on 32 Top End, Renhold.

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JMR PROPERTY DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

8.	Related party transactions
	At the 31 May 2025 £376,287 (2024: £360,680) was owed to the director. Interest payments of £nil (2024: £nil) were made during the year. Interest payable was accrued for the year ended 31 May 2025 of £12,348 (2024: £15,706). At 31 May 2025 the directors of the Company were owed £246,378 (2024 - £254,830) by the Company. These loans are interest free and repayble on demand.

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