REGISTERED NUMBER: 03585060 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

J J Developments (B'ham) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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

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.

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

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.

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

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).