REGISTERED NUMBER: 04355077 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

J & P ASSOCIATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P R J Murray

SECRETARY:

J S K Murray

REGISTERED OFFICE:

Unit 2

Charnwood Edge Business Park

Syston Road

Leicester

LE7 4UZ

REGISTERED NUMBER:

04355077 (England and Wales)

ACCOUNTANTS:

Magma Audit LLP

Unit 2 Charnwood Edge Business Park

Syston Road, Leicester

LE7 4UZ

Magma Audit LLP is part

Of the Dains Group

FIXED ASSETS

Tangible assets

4

188,791

191,520

Investment property

5

548,707

548,707

737,498

740,227

CURRENT ASSETS

Debtors

6

623,249

500,810

Cash at bank

92,418

120,732

715,667

621,542

CREDITORS

Amounts falling due within one year

7

(163,018

)

(116,426

)

NET CURRENT ASSETS

552,649

505,116

TOTAL ASSETS LESS CURRENT LIABILITIES

1,290,147

1,245,343

CREDITORS

Amounts falling due after more than one year

8

(47,859

)

(55,273

)

NET ASSETS

1,242,288

1,190,070

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,241,288

1,189,070

1,242,288

1,190,070

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 December 2025 and were signed by:

P R J Murray - Director

1.	STATUTORY INFORMATION

J & P Associates Limited is a limited company, registered in England and Wales. Its registered office address is Unit 2 Charnwood Edge Business Park, Syston Road, Cossington, Leicester, United Kingdom, LE7 4UZ and the registered number is 04355077.

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.

The presentation currency of the financial statements is pound sterling (£) and figures are rounded to the nearest £1.

Turnover

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

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the cost incurred and the costs to complete the contract can be measured reliably

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.

Freehold land & buildings - 2% straight line on buildings

Plant & machinery - 25% straight line

Fixtures & fittings - 20% straight line

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Fixtures

land &

Plant and

and

buildings

machinery

fittings

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

241,340

34,976

40,602

316,918

DEPRECIATION

At 1 April 2024

50,737

34,859

39,802

125,398

Charge for year

1,813

116

800

2,729

At 31 March 2025

52,550

34,975

40,602

128,127

NET BOOK VALUE

At 31 March 2025

188,790

1

-

188,791

At 31 March 2024

190,603

117

800

191,520

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

548,707

NET BOOK VALUE

At 31 March 2025

548,707

At 31 March 2024

548,707

Investment property has been assessed by the directors' using the fair value method.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

12,090

-

Other debtors

519,367

500,229

Directors' current accounts

91,109

-

Prepayments and accrued income

683

581

623,249

500,810

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

8,087

8,760

Trade creditors

31,092

3,069

Tax

83,876

69,093

Social security and other taxes

4,861

2,036

Pension control account

-

361

VAT

31,091

26,241

Other creditors

-

485

Directors' current accounts

-

2,198

Accruals and deferred income

4,011

4,183

163,018

116,426

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

47,859

55,273

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

P R J Murray

Balance outstanding at start of year

(2,198

)

-

Amounts advanced

93,307

249,637

Amounts repaid

-

(251,835

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

91,109

(2,198

)