Company No: 00461922 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

J A H Curtis

REGISTERED OFFICE	Radley
	Thrupp Lane
	Abingdon
	OX14 3NG
	United Kingdom

COMPANY NUMBER

00461922 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	264 Banbury Road
	Oxford
	OX2 7DY

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	4	46,420		50,115
Investment property	5	6,429,377		14,723,333
		6,475,797		14,773,448
Current assets
Debtors	6	10,152,558		10,503,162
Cash at bank and in hand		7,230,174		1,175,428
		17,382,732		11,678,590
Creditors: amounts falling due within one year	7	( 193,580)		( 397,487)
Net current assets		17,189,152		11,281,103
Total assets less current liabilities		23,664,949		26,054,551
Net assets		23,664,949		26,054,551
Capital and reserves
Called-up share capital	8	72,000		72,000
Share premium account		44,487		44,487
Revaluation reserve		1,463,897		8,413,394
Other reserves		2,000		2,000
Profit and loss account		22,082,565		17,522,670
Total shareholder's funds		23,664,949		26,054,551

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges 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 Profit and Loss Account has not been delivered.

The financial statements of J Curtis & Sons Limited (registered number: 00461922) were approved and authorised for issue by the Director on 15 December 2025. They were signed on its behalf by:

J A H Curtis Director

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 Curtis & 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 Radley, Thrupp Lane, Abingdon, OX14 3NG, 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 £.

Turnover

Turnover represents amounts receivable for rent and service charges net of VAT.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Taxation

Current tax
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.

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:

Plant and machinery	5 years straight line
Vehicles	5 years straight line
Fixtures and fittings	5 years straight line
Computer equipment	4 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

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 Profit and Loss Account 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 Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

3. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	2		2

4. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 January 2024	16,595		48,405		38,387		3,738		107,125
Additions	0		0		11,840		0		11,840
At 31 December 2024	16,595		48,405		50,227		3,738		118,965
Accumulated depreciation
At 01 January 2024	16,595		29,436		10,216		763		57,010
Charge for the financial year	0		6,898		7,702		935		15,535
At 31 December 2024	16,595		36,334		17,918		1,698		72,545
Net book value
At 31 December 2024	0		12,071		32,309		2,040		46,420
At 31 December 2023	0		18,969		28,171		2,975		50,115

5. Investment property

	Investment property
	£
Valuation
As at 01 January 2024	14,723,333
Additions	663,603
Disposals	(8,957,559)
As at 31 December 2024	6,429,377

Valuation

The carrying value of freehold property has been reviewed by the directors who consider that the open market value at the balance sheet date are consistent with this valuation.

Historic cost

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

	2024		2023
	£		£
Historic cost	5,015,869		6,235,710

6. Debtors

	2024		2023
	£		£
Trade debtors	26,438		115,502
Amounts owed by Parent undertakings	10,003,218		10,003,218
Amounts owed by associates	35,262		37,898
Other debtors	87,640		346,544
	10,152,558		10,503,162

7. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	7,248		47,533
Accruals	120,032		194,927
Taxation and social security	13,373		45,100
Other creditors	52,927		109,927
	193,580		397,487

8. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
24,000 Ordinary A shares of £ 1.00 each	24,000		24,000
48,000 Ordinary B shares of £ 1.00 each	48,000		48,000
	72,000		72,000

9. Related party transactions

Included in debtors is a directors' current account balance of £32,325 (2023 £199,876), which is unsecured, £6,428 of interest has been charged on this in line with HMRC's official interest rate.

In accordance with FRS 102 paragraph 33.1A, the exemption has been taken from disclosing transactions and balances with the parent company.

The company is owed £35,262 (2023: £30,189) by other related parties.

10. Ultimate controlling party

Parent Company:

J, Curtis & Sons (Holdings) Limited

Thrupp Lane, Radley, Abingdon, OX14 3NQ