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Registered number: 10369432
James Mae Properties Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Crag & Co
Chartered Accountants & Chartered Tax Advisers
First Floor, Embsay Mill
Embsay
Skipton
North Yorkshire
BD23 6QR
James Mae Properties Limited
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1—2
Notes to the Financial Statements | 3—5

Page 1
James Mae Properties Limited
Statement of Financial Position
As At 31 March 2025
Statement of Financial Position
Registered number: 10369432

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 248,503 |  | 255,707
|  |  | 248,503 |  | 255,707
CURRENT ASSETS
Debtors | 5 | 1,059,798 |  | 826,521 |
Cash at bank and in hand |  | 80,045 |  | 805 |
|  | 1,139,843 |  | 827,326 |
Creditors: Amounts Falling Due Within One Year | 6 | (561,871 ) |  | (433,841 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 577,972 |  | 393,485
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 826,475 |  | 649,192
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (644,250 ) |  | (571,750 )
NET ASSETS |  |  | 182,225 |  | 77,442
CAPITAL AND RESERVES
Called up share capital |  |  | 2 |  | 2
Income Statement |  |  | 182,223 |  | 77,440
SHAREHOLDERS' FUNDS |  |  | 182,225 |  | 77,442

Page 1
Page 2
James Mae Properties Limited
Statement of Financial Position (continued)
As At 31 March 2025
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board

Mr E G Caffrey Director
02/03/2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
James Mae Properties Limited
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
James Mae Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10369432 . The registered office is Preserve Works , Thackley Old Road, Shipley, West Yorkshire, BD18 1QB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A Small Entities -
The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The financial statements are prepared under the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
2.2. Turnover
Turnover comprises gross rental income receivable during the period.
Turnover is invoiced monthly/quarterly in advance, and is recognised in the income statement for the period to which it relates.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold | 2% straight line
Fixtures & Fittings | 15% reducing balance

2.4. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
2.5. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period.
Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
2.6. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash generating unit to which the asset belongs.
The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Page 3
Page 4
James Mae Properties Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.7. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period is arises.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets

| Land & Property
--- | ---
| Freehold | Fixtures & Fittings | Total
| £ | £ | £
Cost
As at 1 April 2024 | 264,000 | 35,554 | 299,554
As at 31 March 2025 | 264,000 | 35,554 | 299,554
Depreciation
As at 1 April 2024 | 21,120 | 22,727 | 43,847
Provided during the period | 5,280 | 1,924 | 7,204
As at 31 March 2025 | 26,400 | 24,651 | 51,051
Net Book Value
As at 31 March 2025 | 237,600 | 10,903 | 248,503
As at 1 April 2024 | 242,880 | 12,827 | 255,707

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 488,496 |  | 265,247
Amounts owed by group undertakings | 555,324 |  | 551,324
Other debtors | 15,978 |  | 9,950
| 1,059,798 |  | 826,521

Page 4
Page 5
James Mae Properties Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 152,288 |  | 48,013
Bank loans and overdrafts | 7,500 |  | 7,500
Amounts owed to group undertakings | 352,035 |  | 296,535
Other creditors | 3,690 |  | 64,002
Taxation and social security | 46,358 |  | 17,791
| 561,871 |  | 433,841

7. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 1,250 |  | 8,750
Other creditors | 643,000 |  | 563,000
| 644,250 |  | 571,750

8. Ultimate Controlling Party
The company is a wholly owned subsidiary undertaking of James Mae Group Limited.
The registered office of James Mae Group Limited is Preserve Works, Thackley Old Road, Shipley, West Yorkshire, BD18 1QB.
Page 5