REGISTERED NUMBER: 08354431 (England and Wales)

Financial Statements

for the Year Ended 31 July 2025

for

JM Property Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J J Maguire

REGISTERED OFFICE:

Franks The Flooring Store

Linden House

Portrack Lane

STOCKTON ON TEES

Cleveland

TS18 2PS

REGISTERED NUMBER:

08354431 (England and Wales)

SENIOR STATUTORY AUDITOR:

Kevin Shotton BA BFP FCA

AUDITORS:

Clive Owen LLP

Chartered Accountants

& Statutory Auditors

140 Coniscliffe Road

DARLINGTON

Co Durham

DL3 7RT

FIXED ASSETS

Intangible assets

4

150,122

150,122

Tangible assets

5

1,309

48,368

Investments

6

4,929,007

4,929,007

Investment property

7

19,561,072

18,584,500

24,641,510

23,711,997

CURRENT ASSETS

Debtors

8

278,114

153,216

Cash at bank

349,705

196,435

627,819

349,651

CREDITORS

Amounts falling due within one year

9

(924,566

)

(835,419

)

NET CURRENT LIABILITIES

(296,747

)

(485,768

)

TOTAL ASSETS LESS CURRENT LIABILITIES

24,344,763

23,226,229

CREDITORS

Amounts falling due after more than one year

10

(9,770,177

)

(9,949,737

)

PROVISIONS FOR LIABILITIES

12

(1,092,193

)

(964,921

)

NET ASSETS

13,482,393

12,311,571

CAPITAL AND RESERVES

Called up share capital

13

125

125

Investment property

revaluations

3,730,843

3,322,093

Retained earnings

9,751,425

8,989,353

SHAREHOLDERS' FUNDS

13,482,393

12,311,571

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 March 2026 and were signed by:

J J Maguire - Director

1.	STATUTORY INFORMATION

JM Property Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1a "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Related party exemption

All transactions entered into with companies under common control and directors were concluded under normal market conditions, therefore no further disclosure is necessary in accordance with FRS102 section 1A.

Turnover

Turnover represents net invoiced rents received on investment properties, excluding value added tax.

Income recognition

Rental income is recognised in accordance with the contractual terms of the lease.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Investment property

Investment property is included at fair value and gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Basic financial instruments are recognised at amortised cost with charges recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments

Fixed asset investments are recognised at cost less any provisions for impairment.

Investments are reviewed annually for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Licences

£

COST

At 1 August 2024

and 31 July 2025

150,122

NET BOOK VALUE

At 31 July 2025

150,122

At 31 July 2024

150,122

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 August 2024

2,100

55,356

-

57,456

Additions

-

-

644

644

Disposals

-

(55,356

)

-

(55,356

)

At 31 July 2025

2,100

-

644

2,744

DEPRECIATION

At 1 August 2024

1,015

8,073

-

9,088

Charge for year

420

4,613

-

5,033

Eliminated on disposal

-

(12,686

)

-

(12,686

)

At 31 July 2025

1,435

-

-

1,435

NET BOOK VALUE

At 31 July 2025

665

-

644

1,309

At 31 July 2024

1,085

47,283

-

48,368

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 August 2024

and 31 July 2025

4,929,007

NET BOOK VALUE

At 31 July 2025

4,929,007

At 31 July 2024

4,929,007

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2024

18,584,500

Additions

431,572

Revaluations

545,000

At 31 July 2025

19,561,072

NET BOOK VALUE

At 31 July 2025

19,561,072

At 31 July 2024

18,584,500

Fair value at 31 July 2025 is represented by:

£

Valuation in 2019

1,076,629

Valuation in 2020

325,000

Valuation in 2021

3,012,604

Valuation in 2022

854,982

Valuation in 2023

1,624,720

Valuation in 2024

375,000

Valuation in 2025

545,000

Cost

11,747,137

19,561,072

Investment property was valued on a fair value basis on 17 January 2024 by Cluttons LLP .

Directors have assessed the valuation of investment properties based on current market value at the year end and believe there to be no significant changes in valuation.

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

(Unaudited)

£

£

Trade debtors

8,307

13,000

Amounts owed by group undertakings

57,000

-

Other debtors

25

43

Amounts due from related

undertakings

191,371

138,533

Prepayments and accrued income

21,411

1,640

278,114

153,216

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

(Unaudited)

£

£

Bank loans and overdrafts

218,365

168,665

Trade creditors

13,367

23,873

Amounts owed to group undertakings

6,340

66,427

Taxation and social security

183,377

82,374

Other creditors

514

257

Accruals and deferred income

502,603

493,823

924,566

835,419

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

(Unaudited)

£

£

Bank loans

9,770,177

7,512,142

Amounts owed to related undertaking

-

2,437,595

9,770,177

9,949,737

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

(Unaudited)

£

£

Bank loans

9,988,542

7,680,807

The above facilities are secured by a fixed charge over the assets of the company.

12.	PROVISIONS FOR LIABILITIES

2025

2024

(Unaudited)

£

£

Deferred tax

1,092,193

964,921

Deferred

tax

£

Balance at 1 August 2024

964,921

Accelerated capital allowances

(8,978

)

Tax impact of revaluations

136,250

Balance at 31 July 2025

1,092,193

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

125

A Ordinary

£1

125

100

NIL

B Ordinary

£1

-

25

125

125

25 £1 Ordinary B shares were redesignated during the period to A Ordinary shares.

14.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kevin Shotton BA BFP FCA (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP