REGISTERED NUMBER: 06971074 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

JMSTRADE LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M A Shirt

Mr R J Shirt

REGISTERED OFFICE:

Whitelands Mill

Whitelands Road

Ashton Under Lyne

Lancashire

OL6 6UG

REGISTERED NUMBER:

06971074 (England and Wales)

ACCOUNTANTS:

Livesey Spottiswood Ltd

Chartered Accountants

17 George Street

St Helens

Merseyside

WA10 1DB

FIXED ASSETS

Investment property

4

1,603,000

1,504,166

CURRENT ASSETS

Debtors

60

60

Cash at bank

51,668

61,826

51,728

61,886

CREDITORS

Amounts falling due within one year

(1,365,942

)

(1,299,881

)

NET CURRENT LIABILITIES

(1,314,214

)

(1,237,995

)

TOTAL ASSETS LESS CURRENT LIABILITIES

288,786

266,171

PROVISIONS FOR LIABILITIES

(73,695

)

(48,970

)

NET ASSETS

215,091

217,201

CAPITAL AND RESERVES

Called up share capital

5

100

100

Investment property revaluation reserve

6

221,083

146,909

Retained earnings

6

(6,092

)

70,192

SHAREHOLDERS' FUNDS

215,091

217,201

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

Mr M A Shirt - Director

1.	STATUTORY INFORMATION

JMSTRADE 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 (£).

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 as modified by the revaluation of certain assets.

Related party exemption

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 its parent company, ATL Industries Limited or other wholly owned subsidiaries within the group.

Turnover

Turnover represents rents received or receivable in respect of the company's investment properties.

Investment property

Investment properties are initially recognised at cost. Cost includes the purchase price and any legal and professional fees in connection with the acquisition of the property.

At each reporting date, the properties are valued at fair value through profit and loss.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

1,504,166

Additions

96,651

Revaluation

2,183

At 31 December 2024

1,603,000

NET BOOK VALUE

At 31 December 2024

1,603,000

At 31 December 2023

1,504,166

Fair value at 31 December 2024 is represented by:

£

Valuation in 2022

127,001

Valuation in 2023

68,878

Valuation in 2024

2,183

Cost

1,404,938

1,603,000

The investment property was valued at 31 December 2024 by the directors on an open market basis.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1.00

100

100

6.

RESERVES

Investment

property

Retained

revaluation

earnings

reserve

Totals

£

£

£

At 1 January 2024

70,192

146,909

217,101

Deficit for the year

(2,110

)

(2,110

)

Unrealised gain on revaluation of investment property

(98,899

)

98,899

-

Deferred tax on revaluation of investment property

24,725

(24,725

)

-

At 31 December 2024

(6,092

)

221,083

214,991

7.	ULTIMATE PARENT COMPANY

The ultimate parent company is ATL Industries Limited, a company registered in England and Wales. The registered office of ATL Industries Limited is Whitelands Mill, Whitelands Road, Ashton Under Lyne, Lancashire, England, OL6 6UG.