Registration number: 10628126

Jones Properties Limited

Contents

Abridged Balance Sheet	1 to 2
Notes to the Abridged Financial Statements	3 to 7

Jones Properties Limited

(Registration number: 10628126)
Abridged Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	25,949	31,380
Investment property		2,442,837	2,569,505
		2,468,786	2,600,885
Current assets
Debtors		984,333	934,999
Cash at bank and in hand		11,072	37,444
		995,405	972,443
Prepayments and accrued income		254,007	86,717
Creditors: Amounts falling due within one year	5.1	(2,677,994)	(2,561,180)
Net current liabilities		(1,428,582)	(1,502,020)
Total assets less current liabilities		1,040,204	1,098,865
Creditors: Amounts falling due after more than one year	5.2	(1,363,909)	(1,371,953)
Accruals and deferred income		(44,339)	(51,915)
Net liabilities		(368,044)	(325,003)
Capital and reserves
Called up share capital	6	100	100
Retained earnings		(368,144)	(325,103)
Shareholders' deficit		(368,044)	(325,003)

Jones Properties Limited

(Registration number: 10628126)
Abridged Balance Sheet as at 31 March 2025

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 23 December 2025
 

......................................... Mr M D Jones Director

Jones Properties Limited

Notes to the Abridged Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
EFS Global
Pendle House
Phoenix Way
Burnley
Lancashire
BB11 5SX

These financial statements were authorised for issue by the director on 23 December 2025.

2	Accounting policies

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 abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged 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.

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 23 December 2025 was Andrew Davies BFP FCA, who signed for and on behalf of Kneeshaws.

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Jones Properties Limited

Notes to the Abridged Financial Statements for the Year Ended 31 March 2025

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.

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
Furniture, fittings and equipment	25%per annum reducing balance basis

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Jones Properties Limited

Notes to the Abridged Financial Statements for the Year Ended 31 March 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

Jones Properties Limited

Notes to the Abridged Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Total £
Cost or valuation
At 1 April 2024	56,389
Additions	3,621
Disposals	(1,049)
At 31 March 2025	58,961
Depreciation
At 1 April 2024	25,009
Charge for the year	8,524
Eliminated on disposal	(521)
At 31 March 2025	33,012
Carrying amount
At 31 March 2025	25,949
At 31 March 2024	31,380

Investment properties

	2025 £
At 1 April	2,569,505
Disposals	(126,668)
At 31 March	2,442,837

There has been no valuation of investment property by an independent valuer.

5

Creditors

Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £13,426 (2024 - £17,326).

Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £1,363,909 (2024 - £1,371,953).

Creditors include bank loans repayable by instalments of £222,333 (2024 - £275,605) due after more than five years.

Creditors include bank loans not repayable by instalments of £880,196 (2024 - £1,016,701) due after more than five years.

Jones Properties Limited

Notes to the Abridged Financial Statements for the Year Ended 31 March 2025

6	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each of £1 each	100	100	100	100

7	Related party transactions

Transactions with the director

2025	At 1 April 2024 £	At 31 March 2025 £
Mr M D Jones
Director's loan account	260,610	260,610

2024	At 1 April 2023 £	Advances to director £	At 31 March 2024 £
Mr M D Jones
Director's loan account	118,886	141,724	260,610

8	Parent and ultimate parent undertaking

The company's immediate parent is EFS Transport Ltd, incorporated in England.

 The ultimate parent is EFS Global Holdings Ltd, incorporated in England.

  These financial statements are available upon request from EFS Global, Pendle House, Phoenix Way, Burnley, Lancashire BB1 5SX

 The ultimate controlling party is Mr M D Jones.