J. Mansfield Securities Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01737799

J. Mansfield Securities Limited

Filleted Unaudited Financial Statements

31 July 2025

J. Mansfield Securities Limited

Financial Statements

Period from 1 May 2024 to 31 July 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

J. Mansfield Securities Limited

Statement of Financial Position

31 July 2025

	31 Jul 25		30 Apr 24
			(restated)
Note	£	£	£

Fixed assets

Tangible assets	5	4,783,024	4,757,446
Investments	6	1,000,000	1,000,000
		------------	------------
		5,783,024	5,757,446

Current assets

Debtors	7	1,500	557,580
Investments	8	200,035	151,531
Cash at bank and in hand		1,595,566	1,579,139
		------------	------------
		1,797,101	2,288,250

Creditors: amounts falling due within one year	9	371,266		580,505
		------------		------------
Net current assets			1,425,835	1,707,745
			------------	------------
Total assets less current liabilities			7,208,859	7,465,191

Creditors: amounts falling due after more than one year	10		1,662,724	1,549,567

Provisions

Taxation including deferred tax	212,767	212,767
	------------	------------
Net assets	5,333,368	5,702,857
	------------	------------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	5,332,368	5,701,857
	------------	------------
Shareholders funds	5,333,368	5,702,857
	------------	------------

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 period ending 31 July 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 period 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. Mansfield Securities Limited

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 31 October 2025 , and are signed on behalf of the board by:

Mr J M Cairns

Director

Company registration number: 01737799

J. Mansfield Securities Limited

Notes to the Financial Statements

Period from 1 May 2024 to 31 July 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 33 Royal View, 80 Grand Parade, Brighton, BN2 9JA, 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.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover in the accounts represents the rental income receivable in the year.

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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

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 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	-	10% reducing balance
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being 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. 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.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. 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. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 2 (2024: 2 ).

5. Tangible assets

	Investment property	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 May 2024 (as restated)	4,750,000	5,771	1,910	37,440	4,795,121
Additions	–	1,089	–	28,400	29,489
	------------	-------	-------	--------	------------
At 31 July 2025	4,750,000	6,860	1,910	65,840	4,824,610
	------------	-------	-------	--------	------------
Depreciation
At 1 May 2024	–	5,500	1,910	30,265	37,675
Charge for the period	–	249	–	3,662	3,911
	------------	-------	-------	--------	------------
At 31 July 2025	–	5,749	1,910	33,927	41,586
	------------	-------	-------	--------	------------
Carrying amount
At 31 July 2025	4,750,000	1,111	–	31,913	4,783,024
	------------	-------	-------	--------	------------
At 30 April 2024	4,750,000	271	–	7,175	4,757,446
	------------	-------	-------	--------	------------

Tangible assets held at valuation

Investment properties of £5,300,000 have been revalued based on valuations provided by Mr J Cairns, a director and majority shareholder in the company. The directors believe that the valuations accurately reflect the open market value of the properties.

6. Investments

	Investments
	£
Cost
At 1 May 2024 as restated and 31 July 2025	1,000,000
	------------
Impairment
At 1 May 2024 as restated and 31 July 2025	–
	------------

Carrying amount
At 31 July 2025	1,000,000
	------------
At 30 April 2024	1,000,000
	------------

7. Debtors

	31 Jul 25	30 Apr 24
		(restated)
	£	£
Other debtors	1,500	557,580
	-------	---------

8. Investments

	31 Jul 25	30 Apr 24
		(restated)
	£	£
Investments	200,035	151,531
	---------	---------

9. Creditors: amounts falling due within one year

	31 Jul 25	30 Apr 24
		(restated)
	£	£
Bank loans and overdrafts	291,419	431,160
Corporation tax	3,082	93,807
Social security and other taxes	–	17,165
Other creditors	76,765	38,373
	---------	---------
	371,266	580,505
	---------	---------

Banks loans and overdrafts are secured by way of a fixed and floating charge over the property and undertakings of the company.

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

	31 Jul 25	30 Apr 24
		(restated)
	£	£
Bank loans and overdrafts	1,399,615	1,549,567
Other creditors	263,109	–
	------------	------------
	1,662,724	1,549,567
	------------	------------

Banks loans and overdrafts are secured by way of a fixed and floating charge over the property and undertakings of the company.

11. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	31 Jul 25	30 Apr 24
		(restated)
	£	£

Financial assets measured at fair value through profit or loss

Corporate bonds	200,035	151,531
Investments	1,000,000	1,000,000
	------------	------------
	1,200,035	1,151,531
	------------	------------

12. Prior period errors

The prior year figures have been amended to correct a dividend of £10,000 which was included in a shareholders personal tax return but was omitted from the accounts.