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Company registration number: 13586778
J Preston Property Ltd
Unaudited filleted financial statements
31 December 2025
J Preston Property Ltd
Contents
Statement of financial position
Notes to the financial statements
J Preston Property Ltd
Statement of financial position
31 December 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Tangible assets |  | 5 | 420,000 |  |  |  | 420,000 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 420,000 |  |  |  | 420,000
Current assets |  |  |  |  |  |  |  |  |
Cash at bank and in hand |  |  | 1,227 |  |  |  | 20,177 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 1,227 |  |  |  | 20,177 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 6 | ( 416,655) |  |  |  | ( 432,890) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current liabilities |  |  |  |  | ( 415,428) |  |  |  | ( 412,713)
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 4,572 |  |  |  | 7,287
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 4,572 |  |  |  | 7,287
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  | 100 |  |  |  | 100
Profit and loss account |  |  |  |  | 4,472 |  |  |  | 7,187
|  |  |  |  | _______ |  |  |  | _______
Shareholder funds |  |  |  |  | 4,572 |  |  |  | 7,287
|  |  |  |  | _______ |  |  |  | _______

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 25 March 2026 , and are signed on behalf of the board by:
Joan Preston
Director
Company registration number: 13586778
J Preston Property Ltd
Notes to the financial statements
Year ended 31 December 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sannat Lodge, Stainforth, Settle, BD24 9PN.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for the services rendered, net of discounts and Value Added Tax.Revenue from the provision of services is recognised in the period in which the services are provided when all of the following conditions are satisfied; the amount of revenue can be measured reliably; it is probable that the economic benefits associated with the transaction will flow to the entity; the stage of completion of the transaction at the end of the reporting period can be measured reliably and the costs incurred and costs to complete the transaction can be measured reliably.
Taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.Tax deferred or accelerated is accounted for in respect of all material timing differences, in particular accelerated capital allowances and revaluation gains on investment properties. All deferred tax is charged/(credited) to the Statement of Income and Retained Earnings.
Tangible assets
Tangible fixed assets are measured at cost less accumulated depreciation and impairment. Depreciation is provided to write off the cost of the assets over their useful economic lives on a systematic basis. Investment properties are excluded from this category and are accounted for separately.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Investment property
Investment properties are measured at fair value at each reporting date, with changes in fair value recognised in profit or loss. Investment properties are not depreciated.
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.
Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).
5. Tangible assets

|  | Freehold property | Total |  |  |  |  |
|  | £ | £ |  |  |  |  |
| Cost |  |  |  |  |  |  |
| At 1 January 2025 and 31 December 2025 | 420,000 | 420,000 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| Depreciation |  |  |  |  |  |  |
| At 1 January 2025 and 31 December 2025 | - | - |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| Carrying amount |  |  |  |  |  |  |
| At 31 December 2025 | 420,000 | 420,000 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| At 31 December 2024 | 420,000 | 420,000 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |

6. Creditors: amounts falling due within one year

|  |  | 2025 | 2024
|  |  | £ | £
| Corporation tax |  | - | 2,019
| Other creditors |  | 416,655 | 430,871
|  |  | _______ | _______
|  |  | 416,655 | 432,890
|  |  | _______ | _______