James Estates Co. Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04859712

James Estates Co. Limited

Filleted Unaudited Financial Statements

28 February 2025

James Estates Co. Limited

Statement of Financial Position

28 February 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		625,514		625,514

Current assets

Debtors	6	2,446		2,446

Creditors: amounts falling due within one year	7	512,396		512,396
		---------		---------
Net current liabilities			509,950		509,950
			---------		---------
Total assets less current liabilities			115,564		115,564
			---------		---------
Net assets			115,564		115,564
			---------		---------

Capital and reserves

Called up share capital	8	100	100
Profit and loss account		115,464	115,464
		---------	---------
Shareholders funds		115,564	115,564
		---------	---------

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 28 February 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 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 28 October 2025 , and are signed on behalf of the board by:

Mr J W S Davis
Director

Company registration number: 04859712

James Estates Co. Limited

Notes to the Financial Statements

Year ended 28 February 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 Hectors House, The Street, High Easter, Chelmsford, Essex, CM1 4QS, England.

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

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.

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:

	Plant and machinery	-	20% straight line

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

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

The average number of persons employed by the company during the year amounted to 2.

5. Tangible assets

	Investment freehold property	Plant and machinery	Total
	£	£	£
Cost
At 29 February 2024 and 28 February 2025	625,514	3,804	629,318
	---------	-------	---------
Depreciation
At 29 February 2024 and 28 February 2025	–	3,804	3,804
	---------	-------	---------
Carrying amount
At 28 February 2025	625,514	–	625,514
	---------	-------	---------
At 28 February 2024	625,514	–	625,514
	---------	-------	---------

6. Debtors

	2025	2024
	£	£
Other debtors	2,446	2,446
	-------	-------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	13	13
Corporation tax	5,730	5,730
Director loan accounts	383,007	383,007
Amounts owed to related undertakings	123,646	123,646
	---------	---------
	512,396	512,396
	---------	---------

8. Called up share capital

Issued, called up and fully paid

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

9. Related party transactions

At the year end the company owed its directors £383,007 (2024 - £383,007) which is shown amongst creditors. At the year end the company owed £123,646 (2024 - £123,646) to a related company in which the director has an interest in.