IRIS Accounts Production v25.1.3.33 03585060 Board of Directors 1.4.24 31.3.25 31.3.25 0 0 true false true false false true false Fair value model Ordinary Shares 1.00000 919 19968 46668 177 20887 45572 919 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 03585060 2024-03-31 03585060 2025-03-31 03585060 2024-04-01 2025-03-31 03585060 2023-03-31 03585060 2023-04-01 2024-03-31 03585060 2024-03-31 03585060 ns15:EnglandWales 2024-04-01 2025-03-31 03585060 ns14:PoundSterling 2024-04-01 2025-03-31 03585060 ns10:Director1 2024-04-01 2025-03-31 03585060 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03585060 ns10:SmallEntities 2024-04-01 2025-03-31 03585060 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 03585060 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 03585060 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03585060 ns10:FullAccounts 2024-04-01 2025-03-31 03585060 ns10:OrdinaryShareClass1 2024-04-01 2025-03-31 03585060 ns10:Director2 42 2024-03-31 03585060 ns10:Director2 42 2023-03-31 03585060 ns10:Director2 42 2024-04-01 2025-03-31 03585060 ns10:Director2 42 2023-04-01 2024-03-31 03585060 ns10:Director2 42 2025-03-31 03585060 ns10:Director2 42 2024-03-31 03585060 ns10:Director2 2024-04-01 2025-03-31 03585060 ns10:RegisteredOffice 2024-04-01 2025-03-31 03585060 ns5:CurrentFinancialInstruments 2025-03-31 03585060 ns5:CurrentFinancialInstruments 2024-03-31 03585060 ns5:Non-currentFinancialInstruments 2025-03-31 03585060 ns5:Non-currentFinancialInstruments 2024-03-31 03585060 ns5:ShareCapital 2025-03-31 03585060 ns5:ShareCapital 2024-03-31 03585060 ns5:RevaluationReserve 2025-03-31 03585060 ns5:RevaluationReserve 2024-03-31 03585060 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 03585060 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 03585060 ns5:FurnitureFittings 2024-04-01 2025-03-31 03585060 ns5:PlantMachinery 2024-03-31 03585060 ns5:FurnitureFittings 2024-03-31 03585060 ns5:PlantMachinery 2024-04-01 2025-03-31 03585060 ns5:PlantMachinery 2025-03-31 03585060 ns5:FurnitureFittings 2025-03-31 03585060 ns5:PlantMachinery 2024-03-31 03585060 ns5:FurnitureFittings 2024-03-31 03585060 ns5:CostValuation 2024-03-31 03585060 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 03585060 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 03585060 ns5:Non-currentFinancialInstruments ns5:MoreThanFiveYears 2025-03-31 03585060 ns5:Non-currentFinancialInstruments ns5:MoreThanFiveYears 2024-03-31 03585060 ns5:Secured 2025-03-31 03585060 ns5:Secured 2024-03-31 03585060 ns10:OrdinaryShareClass1 2025-03-31 03585060 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 03585060 ns5:RevaluationReserve 2024-03-31 03585060 ns5:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 03585060 1 ns10:Director1 2024-03-31 03585060 1 ns10:Director1 2023-03-31 03585060 1 ns10:Director1 2024-04-01 2025-03-31 03585060 1 ns10:Director1 2023-04-01 2024-03-31 03585060 1 ns10:Director1 2025-03-31 03585060 1 ns10:Director1 2024-03-31

REGISTERED NUMBER: 03585060 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 March 2025 |

| for |

| J J Developments (B'ham) Limited |

| J J Developments (B'ham) Limited (Registered number: 03585060) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| J J Developments (B'ham) Limited |

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | R J Gilbert

| Mrs A M Gilbert

| REGISTERED OFFICE: | c/o Locke Williams Associates LLP

| Studio 2

| 50-54 St Pauls Square

| Birmingham

| B3 1QS

| REGISTERED NUMBER: | 03585060 (England and Wales)

| ACCOUNTANTS: | Locke Williams Associates LLP

| Chartered Accountants

| Studio 2

| 50-54 St Pauls Square

| Birmingham

| West Midlands

| B3 1QS

| J J Developments (B'ham) Limited (Registered number: 03585060) |

Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 41,210 |  | 3,767 |  |

Investments | 5 | 544,000 |  | 544,000 |  |

Investment property | 6 | 6,496,021 |  | 6,496,021 |  |

7,081,231 |  | 7,043,788 |  |

CURRENT ASSETS

Debtors | 7 | 1,318,032 |  | 1,033,973 |  |

Cash at bank | 13,285 |  | 95,532 |  |

1,331,317 |  | 1,129,505 |  |

CREDITORS

Amounts falling due within one year | 8 | 72,379 |  | 68,845 |  |

NET CURRENT ASSETS | 1,258,938 |  | 1,060,660 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 8,340,169 |  | 8,104,448 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (1,360,319 | ) | (1,360,524 | ) |

PROVISIONS FOR LIABILITIES | (542,083 | ) | (532,016 | ) |

NET ASSETS | 6,437,767 |  | 6,211,908 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 100 |  | 100 |  |

Fair value reserve | 12 | 2,397,043 |  | 2,397,043 |  |

Retained earnings | 12 | 4,040,624 |  | 3,814,765 |  |

SHAREHOLDERS' FUNDS | 6,437,767 |  | 6,211,908 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

| J J Developments (B'ham) Limited (Registered number: 03585060) |

Balance Sheet - continued

31 March 2025

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 Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

R J Gilbert - Director

| J J Developments (B'ham) Limited (Registered number: 03585060) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| J J Developments (B'ham) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| The policies adopted for the recognition of turnover are as follows:

| Rents receivable |  | Turnover from property rentals is recognised on a straight-line basis over the lease term. |  |

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures and fittings | - | 25% on cost

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost less any impairment that arises upon a review of current valuation

| Investment property

| Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

| For the purposes of clarity, as this surplus or deficit is not realised, a transfer is made to a separate 'Fair Value revaluation reserve', net of any deferred tax provision arising on the surplus or deficit. This reserve does not form part of the company's distributable reserves.

| Financial instruments

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| 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. Creditors which are debt instrument, such as loans and finance leases, are subsequently carried at amortised cost, using the effective interest rate method.

| J J Developments (B'ham) Limited (Registered number: 03585060) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year 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 year 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 year was NIL (2024 - NIL).

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |

| machinery |  | fittings |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | 43,344 |  | 17,198 |  | 60,542 |  |

| Additions | 51,713 |  | - |  | 51,713 |  |

| At 31 March 2025 | 95,057 |  | 17,198 |  | 112,255 |  |

| DEPRECIATION

| At 1 April 2024 | 39,577 |  | 17,198 |  | 56,775 |  |

| Charge for year | 14,270 |  | - |  | 14,270 |  |

| At 31 March 2025 | 53,847 |  | 17,198 |  | 71,045 |  |

| NET BOOK VALUE

| At 31 March 2025 | 41,210 |  | - |  | 41,210 |  |

| At 31 March 2024 | 3,767 |  | - |  | 3,767 |  |

| J J Developments (B'ham) Limited (Registered number: 03585060) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST OR VALUATION

| At 1 April 2024

| and 31 March 2025 | 544,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 544,000 |  |

| At 31 March 2024 | 544,000 |  |

| Cost or valuation at 31 March 2025 is represented by:

| Shares in

| group

| undertakings

£ |

| Valuation in 2018 | (366,851 | ) |

| Valuation in 2020 | (210,000 | ) |

| Valuation in 2021 | (60,000 | ) |

| Cost | 1,180,851 |  |

544,000 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024

| and 31 March 2025 | 6,496,021 |  |

| NET BOOK VALUE

| At 31 March 2025 | 6,496,021 |  |

| At 31 March 2024 | 6,496,021 |  |

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2004 | 2,824,448 |  |

| Valuation in 2007 | 936,043 |  |

| Valuation in 2017 | 966,000 |  |

| Valuation in 2018 | (916,000 | ) |

| Valuation in 2020 | (84,000 | ) |

| Cost | 2,769,530 |  |

6,496,021 |  |

| The investment property portfolio was revalued the director at 31 March 2025. The director has based his opinion on the revalued fair value of investment properties, by reference to his knowledge of the condition of each property and his judgement of the prevailing market prices for similar properties in the locality of each property within the portfolio.

| J J Developments (B'ham) Limited (Registered number: 03585060) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 1,066 |  | 5,016 |  |

| Amounts owed by group undertakings | 615,007 |  | 533,390 |  |

| Amounts owed by related undertakings | 652,647 |  | 494,063 |  |

| Other debtors | 49,312 |  | 1,504 |  |

1,318,032 |  | 1,033,973 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade creditors | 13,249 |  | 4,701 |  |

| Taxation and social security | 53,666 |  | 57,574 |  |

| Other creditors | 5,464 |  | 6,570 |  |

72,379 |  | 68,845 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans | 1,360,319 |  | 1,360,524 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Bank loans more 5 yrs non-inst | 1,360,319 |  | 1,360,524 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans | 1,360,319 |  | 1,360,524 |  |

| Bank borrowings are secured by way of mortgage charges against the investment properties.

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.3.25 |  | 31.3.24

| value: | £ | £ |

| 100 | Ordinary Shares | £1 | 100 |  | 100 |  |

| J J Developments (B'ham) Limited (Registered number: 03585060) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

12. | RESERVES

| Fair |

| Retained |  | value |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 April 2024 | 3,814,765 |  | 2,397,043 |  | 6,211,808 |  |

| Profit for the year | 225,859 |  | 225,859 |  |

| At 31 March 2025 | 4,040,624 |  | 2,397,043 |  | 6,437,667 |  |

| The fair valuation reserve is stated after provision for the deferred tax potentially arising on future disposals at their fair value.

13. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

| 31.3.25 |  | 31.3.24

£ | £ |

| R J Gilbert and Mrs A M Gilbert

| Balance outstanding at start of year | (919 | ) | 19,968 |  |

| Amounts advanced | 46,668 |  | - |  |

| Amounts repaid | (177 | ) | (20,887 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 45,572 |  | (919 | ) |

14. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| In respect of a company under common control, the company was recharged costs of totalling £28,326 (2024: £25,379) in respect of joint payroll costs.

| The total aggregate amounts due from/(to) these companies is £652, 647 (2024: £494,063).