REGISTERED NUMBER: 00591511 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

JAMES W.PRESTON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J M Preston

Mrs M J H Preston

SECRETARY:

Mrs M J H Preston

REGISTERED OFFICE:

Seefeld

Trent Road

Stone

Staffordshire

ST15 8LE

REGISTERED NUMBER:

00591511 (England and Wales)

ACCOUNTANTS:

Cresswells

12 Market Street

Hebden Bridge

West Yorkshire

HX7 6AD

CURRENT ASSETS

Stocks

883,245

883,245

Debtors

4

353,252

352,219

Cash at bank

308

593

1,236,805

1,236,057

CREDITORS

Amounts falling due within one year

5

889,266

884,112

NET CURRENT ASSETS

347,539

351,945

TOTAL ASSETS LESS CURRENT LIABILITIES

347,539

351,945

PROVISIONS FOR LIABILITIES

124,656

124,656

NET ASSETS

222,883

227,289

CAPITAL AND RESERVES

Called up share capital

7

5,000

5,000

Retained earnings

8

217,883

222,289

SHAREHOLDERS' FUNDS

222,883

227,289

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 16th December 2025 and were signed on its behalf by:

J M Preston - Director

1.	STATUTORY INFORMATION

James W.preston 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.

Turnover

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Freehold property

No depreciation is provided on the company's freehold land

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

62,500

62,500

Amounts owed by participating interests

289,719

289,719

Tax

1,033

-

353,252

352,219

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

176,596

176,596

Trade creditors

5,574

5,574

Tax

3,076

3,076

VAT

259

-

Other creditors

393,012

393,012

Directors' current accounts

144,204

140,604

Accrued expenses

166,545

165,250

889,266

884,112

6.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

176,596

176,596

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

5,000

Ordinary

£1

5,000

5,000

8.

RESERVES

Retained

earnings

£

At 1st April 2024

222,289

Deficit for the year

(4,406

)

At 31st March 2025

217,883

9.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed Woodlands Developments Ltd £393,012 (2024 - £393,012).

The directors of the company are directors of Woodland Developments Ltd.