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Registered number: 09360893 JC & SM JAMES PROPERTIES LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2025
JC & SM JAMES PROPERTIES LIMITED REGISTERED NUMBER: 09360893 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment properties | 4 |  | 4,455,500 |  | 4,690,000
|  |  | 4,455,500 |  | 4,690,000
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 67,953 |  | 67,087 |
Cash at bank and in hand |  | 493,218 |  | 449,501 |
|  | 561,171 |  | 516,588 |
Creditors: amounts falling due within one year | 6 | (82,724) |  | (85,135) |
Net current assets |  |  | 478,447 |  | 431,453
Total assets less current liabilities |  |  | 4,933,947 |  | 5,121,453
Provisions for liabilities |  |  |  |  |
Deferred tax | 7 | (1,005,063) |  | (1,066,188) |
|  |  | (1,005,063) |  | (1,066,188)
Net assets |  |  | 3,928,884 |  | 4,055,265
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Share premium account |  |  | 2,224,060 |  | 2,224,060
Profit and loss account |  |  | 1,704,724 |  | 1,831,105
|  |  | 3,928,884 |  | 4,055,265
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JC & SM JAMES PROPERTIES LIMITED REGISTERED NUMBER: 09360893 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 DECEMBER 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. 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. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
................................................ S M James
Director
Date: 14 March 2026
The notes on pages 3 to 6 form part of these financial statements. Page 2
JC & SM JAMES PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
JC & SM James Properties Limited is a private company limited by shares and is registered and incorporated in England and Wales. The registered office is 1 The Atrium, Phoenix Square, Wyncolls Road, Colchester, Essex, England, CO4 9AS. The principal activity of the company is that of property investment. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 have been prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The following principal accounting policies have been applied:
| 2.2 | Turnover
Turnover represents rental income from investment properties accounted for on an accruals basis.
| 2.3 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 3
JC & SM JAMES PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.4 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge 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. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting 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. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 2.5 | Investment property
Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
| 2.6 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.7 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are 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.
| 2.8 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 4
JC & SM JAMES PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.9 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 2.10 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Employees
The average monthly number of employees, including directors, during the year was 2 (2024 - 2)
4. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 January 2025 | 4,690,000
| Additions at cost | 10,000
| Deficit on revaluation | (244,500)
| At 31 December 2025 | 4,455,500
The fair value of the investment property has been arrived at by reference to market evidence by the directors.
| If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Historic cost | 159,858 | 149,858
|  | 159,858 | 149,858
Page 5
JC & SM JAMES PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 49,573 | 47,621
| Other debtors | 9,295 | 9,295
| Prepayments | 9,085 | 10,171
|  | 67,953 | 67,087
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 916 | -
| Corporation tax | 37,074 | 37,420
| Other taxation and social security | 1,350 | 1,350
| Other creditors | 23,295 | 23,295
| Accruals and deferred income | 20,089 | 23,070
|  | 82,724 | 85,135
7. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | 1,066,188
| Charged to profit or loss | (61,125)
| At end of year | 1,005,063
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Investment property | 1,005,063 | 1,066,188
|  | 1,005,063 | 1,066,188
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