Company No: 14535979 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.01.2025		31.01.2024
		£		£
Fixed assets
Intangible assets	3	388,283		436,818
Tangible assets	4	44,332		7,812
Investments	5	186,810		186,810
		619,425		631,440
Current assets
Debtors	6	60,962		29,146
Cash at bank and in hand		47,893		70,858
		108,855		100,004
Creditors: amounts falling due within one year	7	( 571,064)		( 651,007)
Net current liabilities		(462,209)		(551,003)
Total assets less current liabilities		157,216		80,437
Creditors: amounts falling due after more than one year	8	( 14,884)		0
Net assets		142,332		80,437
Capital and reserves
Called-up share capital		1,000		1,000
Profit and loss account		141,332		79,437
Total shareholder's funds		142,332		80,437

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges 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 Profit and Loss Account has not been delivered.

The financial statements of JDM Estate Agents Limited (registered number: 14535979) were approved and authorised for issue by the Director on 14 October 2025. They were signed on its behalf by:

J A De Maid 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 period, unless otherwise stated.

General information and basis of accounting

JDM Estate Agents 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 Alexandre House, 399 Crofton Road, Orpington, BR6 8NL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either other creditors or other debtors in the Balance Sheet.

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 Balance Sheet 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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles	15 % reducing balance
Office equipment	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the debtors are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Financial assets are classified as financial assets at fair value through profit or loss, loans or debtors, as appropriate. The company determines the classification of its financial assets at initial recognition.

Financial liabilities are classified as financial liabilities at fair value through profit and loss, loans and borrowings, trade or other creditors, as appropriate. The company determines the classification of its financial liabilities at initial recognition.

Recognition and measurement
All financial instruments are recognised initially at fair value plus transaction costs. Thereafter financial instruments are stated at amortised cost using the effective interest rate method (less impairment where appropriate) unless the effect of discounting would be immaterial in which case they are stated at cost (less impairment where appropriate). The exception to this are those financial instruments where it is a requirement to continue recording them at fair value through profit and loss.

Impairment
Financial assets are assessed for indicators of impairment at the end of each reporting period. Financial assets are considered to be impaired when there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows of the investment have been affected.

Business Combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

2. Employees

	Year ended 31.01.2025		Period from 12.12.2022 to 31.01.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	11		12

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 February 2024	485,353		485,353
At 31 January 2025	485,353		485,353
Accumulated amortisation
At 01 February 2024	48,535		48,535
Charge for the financial year	48,535		48,535
At 31 January 2025	97,070		97,070
Net book value
At 31 January 2025	388,283		388,283
At 31 January 2024	436,818		436,818

4. Tangible assets

	Vehicles		Office equipment		Total
	£		£		£
Cost
At 01 February 2024	0		10,378		10,378
Additions	45,351		0		45,351
At 31 January 2025	45,351		10,378		55,729
Accumulated depreciation
At 01 February 2024	0		2,566		2,566
Charge for the financial year	6,236		2,595		8,831
At 31 January 2025	6,236		5,161		11,397
Net book value
At 31 January 2025	39,115		5,217		44,332
At 31 January 2024	0		7,812		7,812

5. Fixed asset investments

Investments in subsidiaries

	31.01.2025
	£
Cost
At 01 February 2024	186,810
At 31 January 2025	186,810
Carrying value at 31 January 2025	186,810
Carrying value at 31 January 2024	186,810

6. Debtors

	31.01.2025		31.01.2024
	£		£
Trade debtors	53,558		23,174
Other debtors	7,404		5,972
	60,962		29,146

7. Creditors: amounts falling due within one year

	31.01.2025		31.01.2024
	£		£
Trade creditors	4,321		2,939
Amounts owed to Group undertakings	257,000		162,500
Taxation and social security	99,510		41,987
Obligations under finance leases and hire purchase contracts (secured)	6,006		0
Other creditors	204,227		443,581
	571,064		651,007

Hire purchase contracts are secured over the assets financed

8. Creditors: amounts falling due after more than one year

	31.01.2025		31.01.2024
	£		£
Obligations under finance leases and hire purchase contracts (secured)	14,884		0

Hire purchase contracts are secured over the assets financed

9. Related party transactions

Transactions with the entity's director

	31.01.2025		31.01.2024
	£		£
Amounts due to director	4,530		9,784

Loans with the director are unsecured, payable on demand and interest free.