REGISTERED NUMBER: SC717069 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2025 TO 30 JUNE 2025

FOR

JWA PROPERTY MANAGEMENT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

Mrs Lindsay Adcroft

REGISTERED OFFICE:

C/O DM McNaught & Co Ltd

166 Buchanan Street

Glasgow

G1 2LW

REGISTERED NUMBER:

SC717069 (Scotland)

ACCOUNTANTS:

D M McNaught & Co Ltd

Chartered Accountants

166 Buchanan Street

Glasgow

Lanarkshire

G1 2LW

BANKERS:

Royal Bank of Scotland Plc

Glasgow Paisley Road Branch

469 Paisley Road

Glasgow

G5 8RJ

FIXED ASSETS

Investment property

4

1,039,390

872,170

CURRENT ASSETS

Cash at bank

16,093

8,598

CREDITORS

Amounts falling due within one year

5

4,595

3,522

NET CURRENT ASSETS

11,498

5,076

TOTAL ASSETS LESS CURRENT LIABILITIES

1,050,888

877,246

CREDITORS

Amounts falling due after more than one year

6

1,024,943

857,670

NET ASSETS

25,945

19,576

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

25,845

19,476

SHAREHOLDERS' FUNDS

25,945

19,576

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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.

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 25 September 2025 and were signed by:

Mrs Lindsay Adcroft - Director

1.	STATUTORY INFORMATION

JWA Property Management Ltd is a private company, limited by shares , registered in Scotland. 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 total of rents received.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the period 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 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 period 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

872,170

Additions

167,220

At 30 June 2025

1,039,390

NET BOOK VALUE

At 30 June 2025

1,039,390

At 31 December 2024

872,170

Fair value at 30 June 2025 is represented by:

£

Cost

1,039,390

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

2025

2024

£

£

Cost

1,039,390

872,170

Investment property was valued on an open market basis on 30 June 2025 by the Director .

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

1

Taxation and social security

3,815

2,321

Other creditors

780

1,200

4,595

3,522

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

634,519

554,537

Other creditors

390,424

303,133

1,024,943

857,670

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

634,519

554,537

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

634,519

554,537

The Bank Loans are secured by a standard security over the Investment Property.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1

100

100

9.	RELATED PARTY DISCLOSURES

Included in creditors is a sum of £390,424 (2024£303,133) advanced by Adcroft Amusements Ltd in which Company Mrs L Adcroft is a Director and Shareholder.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs Lindsay Adcroft.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of JWA Property Management Ltd for the period ended 30 June 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the director of JWA Property Management Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of JWA Property Management Ltd and state those matters that we have agreed to state to the director of JWA Property Management Ltd in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that JWA Property Management Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of JWA Property Management Ltd. You consider that JWA Property Management Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of JWA Property Management Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

D M McNaught & Co Ltd

Chartered Accountants

166 Buchanan Street

Glasgow

Lanarkshire

G1 2LW

26 September 2025