Registration number: 10301541

JKJSM Ltd

(Registration number: 10301541)
Statement of Financial Position as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	31,064	15,610
Investment property	5	1,439,201	1,439,201
		1,470,265	1,454,811
Current assets
Debtors	6	38,659	7,738
Cash at bank and in hand		111,032	97,382
		149,691	105,120
Creditors: Amounts falling due within one year	7	(827,390)	(826,600)
Net current liabilities		(677,699)	(721,480)
Total assets less current liabilities		792,566	733,331
Creditors: Amounts falling due after more than one year	7	(356,428)	(377,487)
Provisions for liabilities		(7,766)	-
Net assets		428,372	355,844
Capital and reserves
Called up share capital		2	2
Profit and loss account		428,370	355,842
Shareholders' funds		428,372	355,844

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 27 April 2026 and signed on its behalf by:
 

......................................... S A M Whistlecroft Director

JKJSM Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Holly Cottage, The Long Road, Rowledge, Farnham, Surrey, GU10 4EB.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

JKJSM Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

JKJSM Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4	Tangible assets

	Fixtures and fittings £	Total £
Cost or valuation
At 1 August 2024	37,910	37,910
Additions	23,220	23,220
At 31 July 2025	61,130	61,130
Depreciation
At 1 August 2024	22,300	22,300
Charge for the year	7,766	7,766
At 31 July 2025	30,066	30,066
Carrying amount
At 31 July 2025	31,064	31,064
At 31 July 2024	15,610	15,610

Included within the net book value of land and buildings above is £Nil (2024 - £Nil) in respect of freehold land and buildings.
 

5	Investment properties

	2025 £
At 1 August	1,439,201
At 31 July	1,439,201

There has been no valuation of investment property by an independent valuer.

6

Debtors

	2025 £	2024 £
Trade debtors	33,423	4,643
Prepayments	5,236	3,095
	38,659	7,738

JKJSM Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Bank loans and overdrafts	8	45,329	67,055
Trade creditors		2,925	161
Amounts owed to group undertakings and undertakings in which the company has a participating interest		674,498	704,405
Taxation and social security		23,481	26,268
Accruals and deferred income		38,754	2,250
Other creditors		42,403	26,461
		827,390	826,600

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Loans and borrowings	8	356,428	377,487

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	356,428	377,487

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	45,290	67,016
Bank overdrafts	39	39
	45,329	67,055