Company No: 00491319 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	414		809
Investment property	4	12,444,660		11,628,082
		12,445,074		11,628,891
Current assets
Debtors	5	116,436		102,397
Cash at bank and in hand	6	372,390		470,021
		488,826		572,418
Creditors: amounts falling due within one year	7	( 775,775)		( 514,664)
Net current (liabilities)/assets		(286,949)		57,754
Total assets less current liabilities		12,158,125		11,686,645
Creditors: amounts falling due after more than one year	8	( 2,904,967)		( 2,815,833)
Provision for liabilities	9	( 1,191,512)		( 1,014,675)
Net assets		8,061,646		7,856,137
Capital and reserves
Called-up share capital	10	20,120		20,120
Revaluation reserve		5,200,570		5,200,570
Capital redemption reserve		24,316		24,316
Profit and loss account		2,816,640		2,611,131
Total shareholders' funds		8,061,646		7,856,137

For the financial year ending 31 March 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of J. Minsky & Sons Limited (registered number: 00491319) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Neil Harvey Minsky Director

15 December 2025

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

J. Minsky & Sons Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Turnover represents rental income receivable on property net of VAT.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings	25 % reducing balance
Computer equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	4		4

3. Tangible assets

	Fixtures and fittings		Computer equipment		Total
	£		£		£
Cost
At 01 April 2024	16,220		1,451		17,671
Additions	0		1		1
At 31 March 2025	16,220		1,452		17,672
Accumulated depreciation
At 01 April 2024	16,012		850		16,862
Charge for the financial year	54		342		396
At 31 March 2025	16,066		1,192		17,258
Net book value
At 31 March 2025	154		260		414
At 31 March 2024	208		601		809

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	11,628,082
Additions	816,578
As at 31 March 2025	12,444,660

Investment property is stated at fair value as determined by the Directors, based upon external valuations, and the values are inherently subjective. The fair value represent the amount at which the assets could be exchanged between a knowledgeable, willing buyer, and a knowledgeable willing seller in an arms length transaction at the date of the valuation, in accordance with FRS102. In determining the fair value of investment property, the directors make use of historical and current market data as well as existing lease agreements.

As a result of the level of judgement used in arriving at market valuations, the amount which may ultimately be realised in respect of any given property may differ from the valuations shown in the financial statements.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2025		2024
	£		£
Historic cost	5,800,337		5,800,337

5. Debtors

	2025		2024
	£		£
Trade debtors	915		2,367
Prepayments	11,017		0
VAT recoverable	0		28,764
Other debtors	104,504		71,266
	116,436		102,397

6. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	372,390		470,021

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	10,000		30,000
Trade creditors	70,239		75,435
Amounts owed to directors	314,990		( 55,199)
Other loans	280,000		245,000
Accruals and deferred income	28,588		47,453
Taxation and social security	7,786		73,488
Other creditors	64,172		98,487
	775,775		514,664

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

	2025		2024
	£		£
Bank loans	2,104,967		2,115,833
Other loans	800,000		700,000
	2,904,967		2,815,833

There are no amounts included above in respect of which any security has been given by the small entity.

9. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 1,014,675)		( 912,353)
Charged to the Statement of Income and Retained Earnings	( 176,837)		( 102,322)
At the end of financial year	( 1,191,512)		( 1,014,675)

10. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
30 Ordinary -A shares of £ 1.00 each	30		30
30 Ordinary -B shares of £ 1.00 each	30		30
30 Ordinary -C shares of £ 1.00 each	30		30
30 Ordinary -D shares of £ 1.00 each	30		30
1,300 Ordinary -E shares of £ 1.00 each	1,300		1,300
1,300 Ordinary -F shares of £ 1.00 each	1,300		1,300
200 Ordinary -G shares of £ 1.00 each	200		200
17,200 Ordinary shares of £ 1.00 each	17,200		17,200
	20,120		20,120

11. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Directors' current accounts	314,990		56,895