Registration number: 13758454

JPS Investment & Management Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

JPS Investment & Management Limited

Company Information

Directors

Mr James Smart Mrs Katrina Elise Smart

Registered office

Studio 1 46 The Calls Leeds LS2 7EY

Accountants

Fullertons Limited Chartered Certified AccountantsManchester House 50a Oxford Road Guiseley Leeds LS20 8AB

JPS Investment & Management Limited

(Registration number: 13758454)
Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	4	250,000	195,000
Current assets
Debtors	5	11,738	11,200
Cash at bank and in hand		977	1,613
		12,715	12,813
Creditors: Amounts falling due within one year	6	(53,821)	(54,059)
Net current liabilities		(41,106)	(41,246)
Total assets less current liabilities		208,894	153,754
Creditors: Amounts falling due after more than one year	6	(93,833)	(96,697)
Provisions for liabilities		(20,142)	(9,692)
Net assets		94,919	47,365
Capital and reserves
Called up share capital	7	1	1
Revaluation reserve		85,869	41,319
Retained earnings		9,049	6,045
Shareholders' funds		94,919	47,365

For the financial year ending 30 April 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 December 2025 and signed on its behalf by:
 

JPS Investment & Management Limited

(Registration number: 13758454)
Balance Sheet as at 30 April 2025

......................................... Mr James Smart Director

JPS Investment & Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Studio 1
46 The Calls
Leeds
LS2 7EY

These financial statements were authorised for issue by the Board on 1 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the rent received or receivable in the ordinary course of the company’s activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

JPS Investment & Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Investment property

Investment property which is property held to earn rentals and/or capital appreciation, It is measured using the fair value model and stated at its fair value as at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4	Investment properties

	2025 £
At 1 May	195,000
Fair value adjustments	55,000
At 30 April	250,000

5

Debtors

Current	2025 £	2024 £
Other debtors	11,738	11,200
	11,738	11,200

JPS Investment & Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	52,114	52,441
Taxation and social security		705	778
Accruals and deferred income		1,002	840
		53,821	54,059

Creditors include bank loans and overdrafts which are secured of £2,591 (2024 - £2,318).

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	93,833	96,697

Creditors include bank loans and overdrafts which are secured of £93,833 (2024 - £96,697).

Creditors include bank loans repayable by instalments of £83,469 (2024 - £86,060) due after more than five years.

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	1	1	1	1

JPS Investment & Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	93,833	96,697

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	2,591	2,318
Other borrowings	49,523	50,123
	52,114	52,441

9	Related party transactions

Loans from related parties

2025	Entities with joint control or significant influence £	Total £
At start of period	50,123	50,123
Advanced	5,550	5,550
Repaid	(6,150)	(6,150)
At end of period	49,523	49,523

2024	Entities with joint control or significant influence £	Total £
At start of period	146,971	146,971
Advanced	1,610	1,610
Repaid	(98,458)	(98,458)
At end of period	50,123	50,123

Terms of loans from related parties

JPS Investment & Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Included in creditors is a loan from Smart Investment & Management Limited of £49,523 (2024: £50,123) which is interest free and repayable on demand. Smart Investment & Management Limited is 100% controlled by Mr JP Smart, a director and shareholder of this company.