J.E.M Investments Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

1. General Information

J.E.M Investments Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI016217 . The registered office is 1c The Square, Ballyclare, Antrim, BT39 9BB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold

2% straight line

2.4. Investment Properties

All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.

2.5. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

Page 3

Page 4

J.E.M Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost or Valuation
As at 1 November 2024	787,647

As at 31 October 2025	787,647

Depreciation
As at 1 November 2024	78,765
Provided during the period	15,753

As at 31 October 2025	94,518

Net Book Value
As at 31 October 2025	693,129

As at 1 November 2024	708,882

5. Investment Property

	2025
	£
Fair Value
As at 1 November 2024	3,608,899
Revaluations	370,000

As at 31 October 2025	3,978,899

6. Debtors

	2025	2024
	£	£
Due within one year
Amounts owed by participating interests	-	1,870,345
Other debtors	140,866	142,632

	140,866	2,012,977

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	8,854	7,166
Amounts owed to participating interests	-	36,576
Other creditors	1,681,201	3,043,770
Taxation and social security	51,144	25,481

	1,741,199	3,112,993

Page 4

Page 5

J.E.M Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

9. Related Party Transactions

The company had the following related party transations in the year.

Abbey Real Estates (NI) Liimited

Related by virtue of common control

During the year the balance owed by Abbey Real Estate (NI) Limited of £18,320 was written off in full (2024: £18,320).

Drumkeen Private Healthcare Limited

Related by virtue of common control

During the year the balance owed by Drumkeen Private Healthcare Limited of £12,599 was written off in full (2024: £12,599).

Abbey Properties Limited

Related by virtue of common control.

During the year the balance owed by the company to Abbey Properties Limited of £36,576 was written off in full (2024: £36,576).

George Storey

Director

At the balance sheet date the company owed George Storey £454,520 (2024: £548,973). The loan is unsecured, interest free and repayable on demand.

Denis Storey

Director

At the balance sheet date the company owed Dennis Storey £796,335 (2024: £1,994,129). The loan is unsecured, interest free and repayable on demand.

Scotch Quarter Developments Limited

Related by virtue of common control.

At the balance sheet date the amount owed by Scotch Quarter Developments Limited was £Nil (2024: £1,839,426)

Page 5

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		693,129		708,882
Investment Properties	5		3,978,899		3,608,899

			4,672,028		4,317,781
CURRENT ASSETS
Debtors	6	140,866		2,012,977
Cash at bank and in hand		415,773		120,202

		556,639		2,133,179
Creditors: Amounts Falling Due Within One Year	7	(1,741,199 )		(3,112,993 )

NET CURRENT ASSETS (LIABILITIES)			(1,184,560 )		(979,814 )

TOTAL ASSETS LESS CURRENT LIABILITIES			3,487,468		3,337,967

PROVISIONS FOR LIABILITIES
Deferred Taxation			(35,294 )		(33,065 )

NET ASSETS			3,452,174		3,304,902

CAPITAL AND RESERVES
Called up share capital	8		1,000		1,000
Profit and Loss Account			3,451,174		3,303,902

SHAREHOLDERS' FUNDS			3,452,174		3,304,902