Company registration number 00277827 (England and Wales)
Joseph Jones (Newcastle, Staffs) Limited
Unaudited Financial Statements
For the period ended 31 December 2025
Joseph Jones (Newcastle, Staffs) Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7
Joseph Jones (Newcastle, Staffs) Limited
Statement of financial position
As at 31 December 2025
- 1 -
31 December 2025
30 June 2024
Notes
£
£
£
£
Fixed assets
Investment property
4
45,000
446,000
Current assets
Debtors
5
558
7,841
Cash at bank and in hand
155,792
7,009
156,350
14,850
Creditors: amounts falling due within one year
6
(2,647)
(9,083)
Net current assets
153,703
5,767
Total assets less current liabilities
198,703
451,767
Provisions for liabilities
(4,559)
(87,000)
Net assets
194,144
364,767
Capital and reserves
Called up share capital
20,000
20,000
Non-distributable profits reserve
7
40,381
260,952
Distributable profit and loss reserves
133,763
83,815
Total equity
194,144
364,767
Joseph Jones (Newcastle, Staffs) Limited
Statement of financial position (continued)
As at 31 December 2025
- 2 -

For the financial period ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 25 February 2026 and are signed on its behalf by:
Mr R Jones
Mrs K Jones
Director
Director
Company registration number 00277827 (England and Wales)
Joseph Jones (Newcastle, Staffs) Limited
Notes to the financial statements
For the period ended 31 December 2025
- 3 -
1
Accounting policies
Company information

Joseph Jones (Newcastle, Staffs) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 31 Strawberry Fields, Hempsted, Gloucester, England, GL2 5XB.

1.1
Reporting period

These financial statements are for an extended period, therefore comparative amounts presented in the financial statements (including the related notes) are not entirely comparable. The period was extended to bring in line with the date of trade cessation.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties at fair value. The principal accounting policies adopted are set out below.

1.3
Going concern

The company ceased trading on 31 December 2025 and the financial statements have been prepared on a basis other than that of the going concern basis. This basis includes, where applicable, writing the company’s assets down to net realisable value. Provisions have also been made in respect of contracts which have become onerous at the reporting date. No provision has been made for the future costs of terminating the business unless such costs were committed to at the reporting date.

1.4
Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Other income

Revenue from rentals of property are recognised when the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.5
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:

Fixtures, fittings and equipment
15% per annum of net book value
Computer equipment
33% per annum of cost
Joseph Jones (Newcastle, Staffs) Limited
Notes to the financial statements (continued)
For the period ended 31 December 2025
1
Accounting policies
(Continued)
- 4 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Joseph Jones (Newcastle, Staffs) Limited
Notes to the financial statements (continued)
For the period ended 31 December 2025
1
Accounting policies
(Continued)
- 5 -
1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
2024
Number
Number
Total
0
0
3
Tangible fixed assets
Joseph Jones (Newcastle, Staffs) Limited
Notes to the financial statements (continued)
For the period ended 31 December 2025
3
Tangible fixed assets
(Continued)
- 6 -
Fixtures, fittings and equipment
Computer equipment
Total
£
£
£
Cost
At 1 July 2024
550
2,753
3,303
Disposals
(550)
(2,753)
(3,303)
At 31 December 2025
-
0
-
0
-
0
Depreciation and impairment
At 1 July 2024
550
2,753
3,303
Depreciation charged in the period
-
0
-
0
-
0
Eliminated in respect of disposals
(550)
(2,753)
(3,303)
At 31 December 2025
-
0
-
0
-
0
Carrying amount
At 31 December 2025
-
0
-
0
-
0
At 30 June 2024
-
0
-
0
-
0
4
Investment property
2025
£
Fair value
At 1 July 2024
446,000
Disposals
(420,000)
Revaluations
19,000
At 31 December 2025
45,000

Investment property comprises residential and commercial property. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
4,640
Other debtors
558
3,201
558
7,841
Joseph Jones (Newcastle, Staffs) Limited
Notes to the financial statements (continued)
For the period ended 31 December 2025
- 7 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,530
3,137
Taxation and social security
-
0
3,688
Other creditors
1,117
2,258
2,647
9,083
7
Non-distributable profits reserve
2025
2024
£
£
At the beginning of the period
260,952
148,452
Non distributable profits in the period
(220,571)
112,500
At the end of the period
40,381
260,952
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