REGISTERED NUMBER: 04846838 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

JF Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J D Fearnehough

REGISTERED OFFICE:

44 Friar Gate

Derby

Derbyshire

DE1 1DA

REGISTERED NUMBER:

04846838 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

4

156,795

65,556

Investments

5

-

-

Investment property

6

8,034,301

8,424,301

8,191,096

8,489,857

CURRENT ASSETS

Stocks

1,621,125

-

Debtors

7

197,275

368,148

Cash at bank

39,248

21,429

1,857,648

389,577

CREDITORS

Amounts falling due within one year

8

4,442,300

390,612

NET CURRENT LIABILITIES

(2,584,652

)

(1,035

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,606,444

8,488,822

CREDITORS

Amounts falling due after more than one year

9

(1,444,542

)

(4,303,003

)

PROVISIONS FOR LIABILITIES

(141,000

)

(123,000

)

NET ASSETS

4,020,902

4,062,819

CAPITAL AND RESERVES

Called up share capital

2

2

Share premium

11

1,491,011

1,491,011

Fair value reserve

11

433,984

433,984

Retained earnings

11

2,095,905

2,137,822

SHAREHOLDERS' FUNDS

4,020,902

4,062,819

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 director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

J D Fearnehough - Director

1.	STATUTORY INFORMATION

JF Investments 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.

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.

Turnover

Turnover represents the amounts derived from properties sold during the year. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the company will receive the agreed upon payment.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is not depreciated but is revalued annually at its fair value. Any aggregate surplus or deficit arising from changes in fair value are taken to the profit and loss account and transferred to a fair value reserve.

Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Stocks are valued at the lower of cost and net realisable value. Cost represents the purchase price in addition to any legal fees and refurbishment costs. Net realisable value is based on the estimated selling price less further costs expected to be incurred in completion and disposal.

At each reporting date, stock is assessed for expected losses. If a loss is expected then the loss is recognised in full immediately in the Profit and Loss Account.

Deferred taxation

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

21,308

145,000

1,992

168,300

Additions

-

165,554

-

165,554

Disposals

-

(145,000

)

-

(145,000

)

At 31 December 2024

21,308

165,554

1,992

188,854

DEPRECIATION

At 1 January 2024

13,100

87,652

1,992

102,744

Charge for year

1,232

26,487

-

27,719

Eliminated on disposal

-

(98,404

)

-

(98,404

)

At 31 December 2024

14,332

15,735

1,992

32,059

NET BOOK VALUE

At 31 December 2024

6,976

149,819

-

156,795

At 31 December 2023

8,208

57,348

-

65,556

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

60,000

PROVISIONS

At 1 January 2024

and 31 December 2024

60,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

8,424,301

Disposals

(390,000

)

At 31 December 2024

8,034,301

NET BOOK VALUE

At 31 December 2024

8,034,301

At 31 December 2023

8,424,301

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

8,034,301

If investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

7,483,317

7,873,317

Aggregate depreciation

(542,707

)

(411,297

)

Investment property was valued on a fair value basis on 31 December 2024 by the director .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

3,305

Amounts owed by associates

51,000

285,000

Other debtors

6,723

5,599

Directors' current account

126,636

71,282

Tax

12,916

2,962

197,275

368,148

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,397

10,141

Other loans

4,261,734

199,053

Hire purchase contracts

79,826

87,312

Trade creditors

7,447

-

Amounts owed to associates

-

18,912

Tax

-

40,087

Social security and other taxes

14,767

12,905

Other creditors

12,773

4,596

Accrued expenses

55,356

17,606

4,442,300

390,612

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

4,409

14,806

Other loans

1,316,526

4,288,197

Hire purchase contracts

123,607

-

1,444,542

4,303,003

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

203,433

87,312

Other loans

5,439,893

4,334,833

5,643,326

4,422,145

Loans are secured on investment properties.

Hire purchase is secured on related assets.

11.

RESERVES

Fair

Retained

Share

value

earnings

premium

reserve

Totals

£

£

£

£

At 1 January 2024

2,137,822

1,491,011

433,984

4,062,817

Profit for the year

53,083

53,083

Dividends

(95,000

)

(95,000

)

At 31 December 2024

2,095,905

1,491,011

433,984

4,020,900

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year net advances of £55,354 were made to the director. Interest has been charged at the official rate and the balance is repayable on demand.