J R Partridge Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09025941

J R Partridge Ltd

Filleted Unaudited Financial Statements

31 May 2025

J R Partridge Ltd

Financial Statements

Year ended 31 May 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

J R Partridge Ltd

Statement of Financial Position

31 May 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		279,995		273,000

Current assets

Debtors	6	99	1,537
Cash at bank and in hand		4,458	4,633
		-------	-------
		4,557	6,170

Creditors: amounts falling due within one year	7	6,250		6,298
		-------		-------
Net current liabilities			1,693		128
			---------		---------
Total assets less current liabilities			278,302		272,872

Creditors: amounts falling due after more than one year	8		179,836		182,942

Provisions	23,049	19,551
	---------	---------
Net assets	75,417	70,379
	---------	---------

Capital and reserves

Called up share capital	9	100	100
Profit and loss account		75,317	70,279
		--------	--------
Shareholders funds		75,417	70,379
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

J R Partridge Ltd

Statement of Financial Position (continued)

31 May 2025

These financial statements were approved by the board of directors and authorised for issue on 29 October 2025 , and are signed on behalf of the board by:

Mr J R Partridge

Director

Company registration number: 09025941

J R Partridge Ltd

Notes to the Financial Statements

Year ended 31 May 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 49 Shimbrooks, Great Leighs, Chelmsford, Essex, CM3 1SG, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	20 % straight line

Investment property

Investment property, which is property held to earn rentals, is measured using the fair value model and stated at its fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

Provisions

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 instruments

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.

4. Average number of employees

During the year the average number of employees was 2 (2024 - 2).

5. Tangible assets

	Investment property	Equipment	Total
	£	£	£
Cost or valuation
At 1 June 2024	273,000	370	273,370
Revaluations	6,995	–	6,995
	---------	----	---------
At 31 May 2025	279,995	370	280,365
	---------	----	---------
Depreciation
At 1 June 2024 and 31 May 2025	–	370	370
	---------	----	---------
Carrying amount
At 31 May 2025	279,995	–	279,995
	---------	----	---------
At 31 May 2024	273,000	–	273,000
	---------	----	---------

In the opinion of the directors the fair value of the properties at 31 May 2025 was £279,995, in line with independent valuations in the year. The historical cost of the properties is £194,795.

6. Debtors

	2025	2024
	£	£
Called up share capital not paid	99	99
Directors loan account	–	1,438
	----	-------
	99	1,537
	----	-------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	2,834	2,698
Other creditors	3,416	3,600
	-------	-------
	6,250	6,298
	-------	-------

Other creditors of £3,416 is a loan which is secured by a fixed and floating charge over the assets of the company.

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

	2025	2024
	£	£
Bank loans and overdrafts	179,836	179,836
Other creditors	–	3,106
	---------	---------
	179,836	182,942
	---------	---------

Bank loans of £179,836 (2024: £179,836) are interest only loans repayable more than five years after the balance sheet date. These loans are secured by charges over the investment properties.

Other creditors of £0 (2024 - £3,106) is a loan which is secured by a fixed and floating charge over the assets of the company.

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

10. Directors' advances, credits and guarantees

At the year end the company owed the directors £0 (2024 - £1,438 Debtor).

11. Related party transactions

At the year end the company owed the J R Partridge pension scheme £3,416 (2024 - £6,706). Mr J R Partridge is the beneficiary of the scheme. Interest of £311 (2024 - £470) was payable on the loan.