Company registration number 01174051 (England and Wales)
J & A SPEAKMAN LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
J & A SPEAKMAN LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
J & A SPEAKMAN LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
5
10,063,369
9,908,737
Investment property
6
3,768,714
3,693,714
13,832,083
13,602,451
Current assets
Debtors
7
69,093
31,604
Cash at bank and in hand
89,883
419,689
158,976
451,293
Creditors: amounts falling due within one year
9
(503,905)
(508,645)
Net current liabilities
(344,929)
(57,352)
Total assets less current liabilities
13,487,154
13,545,099
Provisions for liabilities
(2,520,500)
(2,525,600)
Net assets
10,966,654
11,019,499
Capital and reserves
Called up share capital
10,000
10,000
Revaluation reserve
6,093,950
6,164,146
Fair value reserve
2,580,242
2,523,042
Distributable profit and loss reserves
2,282,462
2,322,311
Total equity
10,966,654
11,019,499

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 6 May 2026 and are signed on its behalf by:
Mr N Ttarou
Director
Company registration number 01174051 (England and Wales)
J & A SPEAKMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

J & A Speakman Limited is a private company limited by shares incorporated in England and Wales. The registered office is 33 Welbeck Street, London, United Kingdom, W1G 8EX.

The company is part of a group

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties at fair value.

1.2
Going concern

The financial statements have been prepared on the going concern basis which assumes the continued support of true the group. The directors have confirmed that this support will continue for at least 12 months from the date of approval of these financial statements and therefore believe that no adjustments relating to the company's ability to continue as a going concern need to be made.

1.3
Revenue

Revenue represents rental income received under leases.

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

1.4
Tangible fixed assets

Tangible fixed assets comprise plant & machinery and freehold land and buildings.

Plant and machinery is initially measured at cost. After initial recognition, plant and machinery is measured at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is charged at 15% on a reducing balance basis to write the assets off over their useful lives.

Freehold land and buildings are measured at fair value using the revaluation model.

Gains on the revaluation of freehold land and buildings are recognised in the statement of comprehensive income and subsequently transferred to the revaluation reserve. Deferred tax is provided on these gains at the rate expected to apply when the land or buildings are sold.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Investment property

Investment properties are included at fair value. Gains are recognised in the income statement and subsequently transferred to the fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the properties are sold.

J & A SPEAKMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.7
Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities, including debtors, creditors and bank balances. Basic short term financial assets are measured at the transaction price, less any impairment and basic short term financial liabilities are measured at the transaction price.

1.8
Taxation

The tax expense represents the sum of current and deferred tax.

Tax is recognised in the Income Statement, 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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the B alance S heet 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 i s probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

J & A SPEAKMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below:

- The valuation of freehold land and investment properties. These have, however, been valued by Savills plc at their market value on the assumption of full vacant possession on 31 December 2025.

3
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
5,250
5,000
For other services
Non-audit fees
3,300
1,000
4
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
J & A SPEAKMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
5
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost or valuation
At 1 January 2025
9,906,286
10,560
9,916,846
Additions
248,196
-
0
248,196
Revaluation
(93,196)
-
0
(93,196)
At 31 December 2025
10,061,286
10,560
10,071,846
Depreciation and impairment
At 1 January 2025
-
0
8,109
8,109
Depreciation charged in the year
-
0
368
368
At 31 December 2025
-
0
8,477
8,477
Carrying amount
At 31 December 2025
10,061,286
2,083
10,063,369
At 31 December 2024
9,906,286
2,451
9,908,737

Freehold land was valued at its market value on the assumption of full vacant possession on 31 December 202 5 by Savills plc.

The following assets are carried at valuation. If the assets were measured using the cost model, the carrying amounts would be as follows:

Land and buildings
2025
2024
£
£
Cost
2,133,335
1,885,139
6
Investment property
2025
£
Fair value
At 1 January 2025
3,693,714
Revaluations
75,000
At 31 December 2025
3,768,714

Investment properties are included at fair value. Gains are recognised in the income statement and

subsequently transferred to the fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the properties are sold.

The investment property was valued at its market value on the assumption of full vacant possession on 31 December 202 5 by Savills plc.

J & A SPEAKMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
6
Investment property
(Continued)
- 6 -
If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows:
2025
2024
£
£
Cost
502,673
502,673
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
69,093
31,604
8
Finance lease receivables
2025
2024
Amounts receivable under finance leases:
£
£
Within 1 year
149,720
149,720
Years 2-5
250,000
399,720
399,720
549,440
9
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
13,002
1,710
Amounts owed to group undertakings
447,936
459,028
Taxation and social security
-
0
13,090
Other creditors
42,967
34,817
503,905
508,645
10
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

J & A SPEAKMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
10
Audit report information
(Continued)
- 7 -
Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Andrea Kaley FCA FCCA
Statutory Auditor:
Xeinadin Audit Limited
Date of audit report:
6 May 2026
11
Related party transactions

During the year, the company paid advisory fees of £220,000 (202 4: £100,000) to LSL MHF L td, its parent company.

At the balance sheet date £447,936 (202 4: £459,028) was owed to LSL MHF Ltd. This amount is included in short term creditors, is unsecured, interest free and repayable on demand.

12
Parent company

The company's immediate parent is LSL MHF Ltd and its ultimate parent is LSL MHF Cirrus Ltd, both of which are registered in England and Wales. The registered office of both parents is 33 Welbeck Street, London, W1G 8EX.

There is no ultimate controlling party.

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