REGISTERED NUMBER: 10596191 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

JONES ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

L. R. Jones

REGISTERED OFFICE:

Bradeney House Nursing & Care Home

Worfield

Bridgnorth

Shropshire

WV15 5NT

REGISTERED NUMBER:

10596191 (England and Wales)

AUDITORS:

Stanton Ralph & Co Limited

Chartered Accountants

Statutory Auditor

The Old Police Station

Whitburn Street

Bridgnorth

Shropshire

WV16 4QP

FIXED ASSETS

5,060

Tangible assets

4

4,403

2,943,241

Investment property

5

2,941,408

2,948,301

2,945,811

CURRENT ASSETS

3,837

Debtors

6

7,386

43,140

Cash at bank

127,894

46,977

135,280

CREDITORS

16,288

Amounts falling due within one year

7

21,490

30,689

NET CURRENT ASSETS

113,790

2,978,990

TOTAL ASSETS LESS CURRENT LIABILITIES

3,059,601

CREDITORS

(882,640

)

Amounts falling due after more than one year

8

(883,792

)

(98,953

)

PROVISIONS FOR LIABILITIES

(99,040

)

1,997,397

NET ASSETS

2,076,769

CAPITAL AND RESERVES

100

Called up share capital

10

100

1,997,297

Retained earnings

2,076,669

1,997,397

SHAREHOLDERS' FUNDS

2,076,769

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 25th September 2025 and were signed by:

L. R. Jones - Director

1.	STATUTORY INFORMATION

Jones Estates 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 (£).

The values presented have been rounded to the nearest Pound (£).

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.

Turnover

Rental income from investment properties is recognised on a straight-line basis over the period of the lease. Income is recognised in the profit and loss account when the company’s right to receive payment has been established, the amount of revenue can be measured reliably, and it is probable that economic benefits associated with the transaction will flow to the company. Rental income excludes service charges and value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Equipment

-

15% on cost

Property - 1% on cost

Investment property

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.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2024

7,230

Additions

389

At 31st December 2024

7,619

DEPRECIATION

At 1st January 2024

2,170

Charge for year

1,046

At 31st December 2024

3,216

NET BOOK VALUE

At 31st December 2024

4,403

At 31st December 2023

5,060

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2024

and 31st December 2024

2,948,937

DEPRECIATION

At 1st January 2024

5,696

Charge for year

1,833

At 31st December 2024

7,529

NET BOOK VALUE

At 31st December 2024

2,941,408

At 31st December 2023

2,943,241

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

5,332

1,875

Other debtors

2,054

1,962

7,386

3,837

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

1,382

-

Taxation and social security

13,472

-

Other creditors

6,636

16,288

21,490

16,288

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

883,792

882,640

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Loans

901,275

901,275

Deferred loan fees

(17,483

)

(18,635

)

883,792

882,640

9.	SECURED DEBTS

In December 2019 the company entered into a loan with Paragon Bank PLC secured by fixed charge, over the company's property 12 Railway Street, Bridgnorth WV16 4AT.

In September 2020 the company entered into two loans with Paragon Bank PLC secured by fixed charges, over the company properties 52 Sydney Cottage Drive, Bridgnorth WV16 4PQ and 56 Birchlands, Bridgnorth, WV15 5ED.

In January 2021 the company entered into a loan with Paragon Bank PLC secured by fixed charge, over the company properties 20 and 20a Railway Street, Bridgnorth WV16 4AT.

In July 2021 the company entered into a loan with Paragon Bank PLC secured by fixed charge, over the company's property 5 Leasowes Close Bridgnorth WV16 4PD.

In December 2021 the company entered into two loans with Paragon Bank PLC secured by fixed charges, over the company properties 2 Morfe Road, Bridgnorth WV15 5EH, and 2 Horsegrove Hill Bridgnorth WV15 5AU.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

120

Ordinary A shares

50p

60

60

80

Ordinary B shares

50p

40

40

100

100

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Darren Foot FCA (Senior Statutory Auditor)

for and on behalf of Stanton Ralph & Co Limited

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13.	ULTIMATE CONTROLLING PARTY

On 31st May 2023 the company became a wholly owned subsidiary of L R Jones Shropshire Ltd, a company incorporated in England and Wales.The registered address of L R Jones Shropshire Ltd is: Bradeney House Nursing & Care Home, Worfield, Bridgnorth, Shropshire, United Kingdom, WV15 5NT.