Registration number: 15635428

James Properties Derbyshire Limited

(Registration number: 15635428)

Balance Sheet as at 30 April 2025

	Note	2025 £
Fixed assets
Tangible assets	3	4,000
Investment property	4	2,993,912
		2,997,912
Current assets
Debtors	5	165
Cash at bank and in hand		193,301
		193,466
Creditors: Amounts falling due within one year	6	(3,090,810)
Net current liabilities		(2,897,344)
Total assets less current liabilities		100,568
Provisions for liabilities		(1,000)
Net assets		99,568
Capital and reserves
Called up share capital		1
Retained earnings		99,567
Shareholders' funds		99,568

For the financial period 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 period 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 delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 10 December 2025 and signed on its behalf by:
 

.........................................

M P James

Director

James Properties Derbyshire Limited

Notes to the Unaudited Financial Statements for the Period from 11 April 2024 to 30 April 2025

1	Accounting policies

Statutory information

James Properties Derbyshire Limited is a private company, limited by shares, domiciled in England and Wales, company number 15635428. The registered office is at Pegasus House, 463a Glossop Road, Sheffield, S10 2QD.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover represents the income arising from property lettings. Revenue is recognised on a straight line basis over the lease term.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

James Properties Derbyshire Limited

Notes to the Unaudited Financial Statements for the Period from 11 April 2024 to 30 April 2025 (continued)

1	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

2	Staff numbers

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

3	Tangible assets

	Office equipment £
Cost
Additions	4,000
At 30 April 2025	4,000
Depreciation
Charge for the period	-
At 30 April 2025	-
At 30 April 2025	4,000

James Properties Derbyshire Limited

Notes to the Unaudited Financial Statements for the Period from 11 April 2024 to 30 April 2025 (continued)

4	Investment properties

	2025 £
Additions	2,993,912
At 30 April 2025	2,993,912