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REGISTERED NUMBER: 00942449 (England and Wales)

Financial Statements

for the Year Ended 28 February 2025

for

J & R Properties Limited

| J & R Properties Limited (Registered number: 00942449) |

Contents of the Financial Statements

for the Year Ended 28 February 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| J & R Properties Limited |

Company Information

for the Year Ended 28 February 2025

| DIRECTOR: | Mrs H E Curtis

| SECRETARY: | Mrs H E Curtis

| REGISTERED OFFICE: | The Gables

| 13 Blind Lane

| Coleby

| LINCOLN

| Lincolnshire

| LN5 0AL

| REGISTERED NUMBER: | 00942449 (England and Wales)

| ACCOUNTANTS: | Nicholsons

| Chartered Accountants

| Newland House

| The Point

| Weaver Road

| LINCOLN

| Lincolnshire

| LN6 3QN

| BANKERS: | NatWest Bank Plc

| 225 High Street

| LINCOLN

| Lincolnshire

| LN2 1AZ

| J & R Properties Limited (Registered number: 00942449) |

Statement of Financial Position

28 February 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 264 |  | 311 |  |

Investment property | 5 | 467,948 |  | 467,948 |  |

468,212 |  | 468,259 |  |

CURRENT ASSETS

Debtors | 6 | 11,548 |  | 2,098 |  |

Cash at bank | 29,377 |  | 18,087 |  |

40,925 |  | 20,185 |  |

CREDITORS

Amounts falling due within one year | 7 | 9,212 |  | 9,160 |  |

NET CURRENT ASSETS | 31,713 |  | 11,025 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 499,925 |  | 479,284 |  |

PROVISIONS FOR LIABILITIES | 91,256 |  | 91,190 |  |

NET ASSETS | 408,669 |  | 388,094 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 408,569 |  | 387,994 |  |

SHAREHOLDERS' FUNDS | 408,669 |  | 388,094 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

| J & R Properties Limited (Registered number: 00942449) |

Statement of Financial Position - continued

28 February 2025

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 14 October 2025 and were signed by:

Mrs H E Curtis - Director

| J & R Properties Limited (Registered number: 00942449) |

Notes to the Financial Statements

for the Year Ended 28 February 2025

1. | STATUTORY INFORMATION

| J & R Properties 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 invoiced rent receivable.

| 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 | - | 15% on reducing balance

| Fixtures and fittings | - | 15% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Financial instruments

| Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

| Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

| Cash at bank is classified as a basic financial instrument and is measured at transaction price.

| Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| J & R Properties Limited (Registered number: 00942449) |

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

2. | ACCOUNTING POLICIES - continued

| Leasing

| Rental income from operating leases is recognised on a straight line basis over the term of the lease.

| Investment properties

| Investment properties are included in the balance sheet at their fair value.

| Investment property is initially recognised at cost and subsequently remeasured to fair value with changes in fair value recognised in the Income Statement.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |

| machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST

| At 1 March 2024

| and 28 February 2025 | 3,577 |  | 6,012 |  | 890 |  | 10,479 |  |

| DEPRECIATION

| At 1 March 2024 | 3,562 |  | 5,716 |  | 890 |  | 10,168 |  |

| Charge for year | 2 |  | 45 |  | - |  | 47 |  |

| At 28 February 2025 | 3,564 |  | 5,761 |  | 890 |  | 10,215 |  |

| NET BOOK VALUE

| At 28 February 2025 | 13 |  | 251 |  | - |  | 264 |  |

| At 29 February 2024 | 15 |  | 296 |  | - |  | 311 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 March 2024

| and 28 February 2025 | 467,948 |  |

| NET BOOK VALUE

| At 28 February 2025 | 467,948 |  |

| At 29 February 2024 | 467,948 |  |

| Properties were all available for letting under operating leases. Rental income received from operating leases in the year was £55,371 (2024: £48,617).

| If the properties were to be sold at the revalued amount there would be an additional charge to corporation tax of £91,190 (2024: £91,190).

| Fair value at 28 February 2025 is represented by:

£ |

| Valuation in 2024 | 467,948 |  |

| J & R Properties Limited (Registered number: 00942449) |

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

5. | INVESTMENT PROPERTY - continued

| If investment properties had not been revalued they would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 32,280 |  | 32,280 |  |

| Aggregate depreciation | (13,640 | ) | (13,094 | ) |

| Investment property was valued on a fair value basis on 29 February 2024 by Mr T Curtis, director, at £467,948 .

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Belvoir account | 11,548 |  | 2,098 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Directors' current accounts | 5,494 |  | 6,642 |  |

| Accrued expenses | 3,718 |  | 2,518 |  |

9,212 |  | 9,160 |  |

8. | RELATED PARTY DISCLOSURES

| Included within creditors falling due within one year are advances/loans from the directors and their close family amounting to £5,494 (2024: £6,642). These amounts are unsecured, interest free and repayable on demand.