JAMA Homes Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

JAMA Homes Ltd

Company Information

Directors

M Vaughan J Westmore A Blenkinsop

Registered Office

Brimscombe Farm Brimscombe Hill Stroud Gloucestershire GL5 2QW

Registered Number

14591355

Accountants

Verinder Powell Associates Limited Suite 5 Corum 2 Corum Office Park Crown Way Warmley Bristol BS30 8FJ

JAMA Homes Ltd

(Registration number: 14591355)
Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	4,993	-
Investment property	5	521,027	-
		526,020	-
Current assets
Debtors	6	4,454	1,366
Cash at bank and in hand		4,003	70,111
		8,457	71,477
Creditors: Amounts falling due within one year	7	(222,121)	(80,721)
Net current liabilities		(213,664)	(9,244)
Total assets less current liabilities		312,356	(9,244)
Creditors: Amounts falling due after more than one year	7	(360,358)	-
Net liabilities		(48,002)	(9,244)
Capital and reserves
Called up share capital		1	1
Retained earnings		(48,003)	(9,245)
Shareholders' deficit		(48,002)	(9,244)

JAMA Homes Ltd

(Registration number: 14591355)
Balance Sheet as at 30 April 2025

For the financial year 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 year 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 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 January 2026 and signed on its behalf by:
 

......................................... M Vaughan Director

JAMA Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 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:
Brimscombe Farm
Brimscombe Hill
Stroud
Gloucestershire
GL5 2QW

These financial statements were authorised for issue by the Board on 9 January 2026.

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 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). There have been no material departures from the Financial Reporting Standard 102 1A.

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 financial statements are prepared in Pounds Sterling (£), and are rounded to the nearest pound.

Going concern

These financial statements have been prepared on a going concern basis following confirmation that the directors will continue to financially support the company in order to maintain its operations as necessary for the foreseeable future and at least 12 months from the date of signing the financial statements.

Turnover

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.

JAMA Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 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 provided at the following annual rates in order to write off each asset over its estimated useful life:

Asset class	Depreciation method and rate
Fixtures and fittings	15% on cost

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.

Borrowings

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

JAMA Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4	Tangible assets

	Fixtures and fittings £	Total £
Cost or valuation
Additions	5,356	5,356
At 30 April 2025	5,356	5,356
Depreciation
Charge for the year	363	363
At 30 April 2025	363	363
Carrying amount
At 30 April 2025	4,993	4,993

5	Investment properties

	2025 £
Additions	521,027
At 30 April 2025	521,027

The fair value of the investment properties has been arrived at by a valuation by the directors at their open market value at 30 April 2025 based on similar properties.

The historical cost of the fixed asset investment properties is £521,027 (2024 - £nil).

6

Debtors

	2025 £	2024 £
Prepayments and accrued income	4,454	1,365
Other debtors	-	1
	4,454	1,366

JAMA Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

7

Creditors

Due within one year	Note	2025 £	2024 £
Amounts owed to related parties	8	216,779	78,921
Accruals and deferred income		5,342	1,800
		222,121	80,721

 

	2025 £	2024 £
Due after one year
Loans and borrowings	360,358	-

At 30 April 2025 the company had secured borrowings of £360,358 (2024 - £nil) secured by legal charges over the properties to which they relate.

8	Related party transactions

Loans from related parties

2025	Key management £	Other related parties £	Total £
At start of period	1,206	77,715	78,921
Advanced	936	136,922	137,858
At end of period	2,142	214,637	216,779

2024	Key management £	Other related parties £	Total £
Advanced	1,206	77,715	78,921
At end of period	1,206	77,715	78,921

Terms of loans from related parties

Loans from key management are interest free and repayable on demand.
 
Loans from other related parties are repayable on demand. Interest is charged on loans from other related parties at a rate of 5%.