REGISTERED NUMBER: 11154386 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

JAMES ESTATES (SOUTHERN) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Sherry

Mr B M Sherry

REGISTERED OFFICE:

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

REGISTERED NUMBER:

11154386 (England and Wales)

ACCOUNTANTS:

Foxley Kingham

Chartered Accountants

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

FIXED ASSETS

Tangible assets

4

30,764

13,373

CURRENT ASSETS

Debtors

5

2,198,234

3,152,705

Cash at bank

25,660

94,107

2,223,894

3,246,812

CREDITORS

Amounts falling due within one year

6

1,971,868

2,298,142

NET CURRENT ASSETS

252,026

948,670

TOTAL ASSETS LESS CURRENT LIABILITIES

282,790

962,043

CREDITORS

Amounts falling due after more than one year

7

(25,099

)

(31,055

)

PROVISIONS FOR LIABILITIES

(7,691

)

(3,343

)

NET ASSETS

250,000

927,645

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

249,999

927,644

250,000

927,645

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2025 and were signed on its behalf by:

Mr J Sherry - Director

Mr B M Sherry - Director

1.	STATUTORY INFORMATION

James Estates (Southern) 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on disposal of an asset is determined at the difference between the sale proceeds and the carrying value of the asset and is credited or charged to the profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 1 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2024

-

5,938

7,220

1,476

14,634

Additions

21,930

-

-

305

22,235

At 31 January 2025

21,930

5,938

7,220

1,781

36,869

DEPRECIATION

At 1 February 2024

-

742

305

214

1,261

Charge for year

2,597

974

1,035

238

4,844

At 31 January 2025

2,597

1,716

1,340

452

6,105

NET BOOK VALUE

At 31 January 2025

19,333

4,222

5,880

1,329

30,764

At 31 January 2024

-

5,196

6,915

1,262

13,373

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

2,186,832

3,116,955

VAT

11,402

33,977

Prepayments

-

1,773

2,198,234

3,152,705

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 8)

6,667

6,667

Trade creditors

19,240

72,522

Corporation tax

7,918

7,269

Taxation and social security

-

3,182

Other creditors

1,658,542

1,853,481

Director's loan account

276,391

350,206

Accrued expenses

3,110

4,815

1,971,868

2,298,142

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

25,099

31,055

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

-

4,387

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

6,667

6,667

Amounts falling due between one and two years:

Bank loans 1-2 years

6,667

6,667

Amounts falling due between two and five years:

Bank loans - 2-5 years

18,432

20,001

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

-

4,387

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

31,766

37,722

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr J Sherry.