COMPANY REGISTRATION NUMBER:
13698724
|
James and John Property Limited |
|
|
Filleted Unaudited Abridged Financial Statements |
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|
James and John Property Limited |
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|
Abridged Financial Statements |
|
Year Ended 31 January 2025
|
Abridged statement of financial position |
1 |
|
|
|
Notes to the abridged financial statements |
3 |
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James and John Property Limited |
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Abridged Statement of Financial Position |
|
31 January 2025
Fixed Assets
|
Tangible assets |
6 |
|
4,625,350 |
1,277,298 |
|
|
|
|
|
Current Assets
|
Debtors |
228,194 |
|
121,137 |
|
Cash at bank and in hand |
66,089 |
|
28,633 |
|
--------- |
|
--------- |
|
294,283 |
|
149,770 |
|
|
|
|
|
Creditors: amounts falling due within one year |
2,509,733 |
|
1,451,710 |
|
------------ |
|
------------ |
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Net Current Liabilities |
|
2,215,450 |
1,301,940 |
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|
------------ |
------------ |
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Total Assets Less Current Liabilities |
|
2,409,900 |
(
24,642) |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
|
2,859,458 |
– |
|
|
------------ |
-------- |
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Net Liabilities |
|
(
449,558) |
(
24,642) |
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|
------------ |
-------- |
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|
|
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Capital and Reserves
|
Called up share capital |
7 |
|
100 |
100 |
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Profit and loss account |
|
(
449,658) |
(
24,742) |
|
|
--------- |
-------- |
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Shareholders Deficit |
|
(
449,558) |
(
24,642) |
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|
--------- |
-------- |
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These abridged 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 abridged statement of income and retained earnings has not been delivered.
For the 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.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its abridged 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 abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.
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James and John Property Limited |
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Abridged Statement of Financial Position (continued) |
|
31 January 2025
These abridged financial statements were approved by the
board of directors
and authorised for issue on
27 October 2025
, and are signed on behalf of the board by:
Company registration number:
13698724
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James and John Property Limited |
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Notes to the Abridged Financial Statements |
|
Year Ended 31 January 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 91-97 Saltergate, Chesterfield, S40 1LA, England.
2.
Statement of compliance
These abridged 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.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2024:
2
).
5.
Turnover
Turnover amounted to £nil (2024: £nil) for the period.
6.
Tangible assets
|
£ |
|
Cost |
|
|
At 1 February 2024 |
1,277,298 |
|
Additions |
3,348,052 |
|
------------ |
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At 31 January 2025 |
4,625,350 |
|
------------ |
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Depreciation |
|
|
At 1 February 2024 and 31 January 2025 |
– |
|
------------ |
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Carrying amount |
|
|
At 31 January 2025 |
4,625,350 |
|
------------ |
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At 31 January 2024 |
1,277,298 |
|
------------ |
|
|
7.
Called up share capital
Issued, called up and fully paid
|
2025 |
2024 |
|
No. |
£ |
No. |
£ |
|
Ordinary shares of £ 1 each |
100 |
100 |
100 |
100 |
|
---- |
---- |
---- |
---- |
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|
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8.
Directors' advances, credits and guarantees
During the year the following loans were advanced to the directors: | | As at 1 Feb | Advanced | Repaid | As at 31 Jan |
| | £ | £ | £ | £ |
| 2025 | | | | |
| Mr JA Hill | 52,032 | 91,493 | (143,525) | – |
| | -------- | -------- | --------- | ---- |
| | | | | |
| 2024 | | | | |
| Mr JA Hill | 50 | 101,990 | (50,008) | 52,032 |
| Mr AJ Hill | 50 | – | (50) | – |
| | ---- | --------- | -------- | -------- |
| Sales | 100 | 101,990 | (50,058) | 52,032 |
| | ---- | --------- | -------- | -------- |
| | | | | |
All balances are unsecured, interest free and repayable on demand.
9.
Related party transactions
During the period the company made and received loans to and from connected entities. At the balance sheet date the following balances due within a year were outstanding:
|
|
2025 |
2024 |
|
|
£ |
£ |
|
Amounts owed by entities under common control |
– |
5,485 |
|
Amounts owed by group entities |
30,866 |
9,403 |
|
Amounts owed to entities under control of the directors |
(1,146,434) |
(1,101,561) |
|
Amounts owed to group entities |
(6,307) |
(8,806) |
|
|
|
|
All balances are unsecured, interest free and repayable on demand. At the balance sheet date £2,859,458 (2024: £nil) was due to entities under the control of the directors in more than one year. Interest is charged on this balance at a market rate of 5.53%.
10.
Controlling party
The company is a wholly owned subsidiary of JJCH Property Holdings Limited, a company incorporated and registered in England and Wales. The registered office address is 91-97 Saltergate, Chesterfield, S40 1LA.