Company No: 13400361 (England and Wales)

Contents

• Company Information
• Statement of Financial Position
• Notes to the Financial Statements

DIRECTORS	H L Neilson
	H S Neilson

REGISTERED OFFICE	18 Sykes Lane
	Balderton
	NG24 3LT
	United Kingdom

COMPANY NUMBER

13400361 (England and Wales)

ACCOUNTANT	Duncan & Toplis Limited
	14 London Road
	Newark
	NG24 1TW
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	449,001		482,001
		449,001		482,001
Current assets
Debtors	4	1,924		1,952
Cash at bank and in hand		71		247
		1,995		2,199
Creditors: amounts falling due within one year	5	( 408,258)		( 421,096)
Net current liabilities		(406,263)		(418,897)
Total assets less current liabilities		42,738		63,104
Provision for liabilities		( 2,087)		( 7,856)
Net assets		40,651		55,248
Capital and reserves
Called-up share capital	6	100		100
Fair value reserve		6,261		33,492
Profit and loss account		34,290		21,656
Total shareholders' funds		40,651		55,248

For the financial year ending 31 May 2025 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 financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of JEPP Properties Limited (registered number: 13400361) were approved and authorised for issue by the Board of Directors on 16 September 2025. They were signed on its behalf by:

H S Neilson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

JEPP Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 18 Sykes Lane, Balderton, NG24 3LT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises of rents received and is recognised when the significant risks and rewards are considered to have been transferred to the customer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company, and that the costs incurred, or to be incurred, in respect of the transaction, can be measured reliably.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Investment property		Total
	£		£
Cost/Valuation
At 01 June 2024	482,001		482,001
Revaluations	( 33,000)		( 33,000)
At 31 May 2025	449,001		449,001
Accumulated depreciation
At 01 June 2024	0		0
At 31 May 2025	0		0
Net book value
At 31 May 2025	449,001		449,001
At 31 May 2024	482,001		482,001

The fair value is determined annually by the directors, on an open market value for existing use basis.

4. Debtors

	2025		2024
	£		£
Other debtors	1,924		1,952

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Taxation and social security	2,963		3,691
Other creditors	405,295		417,405
	408,258		421,096

6. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
20 A ordinary shares of £ 1.00 each	20		20
20 B ordinary shares of £ 1.00 each	20		20
20 C ordinary shares of £ 1.00 each	20		20
20 D ordinary shares of £ 1.00 each	20		20
20 E ordinary shares of £ 1.00 each	20		20
	100		100