McJade Properties Limited 30/09/2025 iXBRL

Company registration number: 08276125

McJade Properties Limited

Unaudited filleted financial statements

30 September 2025

McJade Properties Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

McJade Properties Limited

Directors and other information


	Directors	Mr M W Seaman-Hill
		Mr J J Hill
		Mrs E J Goodman
		Mrs C F Farmer
		Mrs D A Luck


	Company number	08276125


	Registered office	First Floor Offices
		99 Bancroft
		Hitchin
		Hertfordshire
		SG5 1NQ


	Accountants	Hicks and Company
		Chartered Accountants
		First Floor
		99 Bancroft
		Hitchin
		Hertfordshire
		SG5 1NQ

McJade Properties Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of McJade Properties Limited

Year ended 30 September 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of McJade Properties Limited for the year ended 30 September 2025 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of McJade Properties Limited, as a body, in accordance with the terms of our engagement letter dated 14 April 2022. Our work has been undertaken solely to prepare for your approval the financial statements of McJade Properties Limited and state those matters that we have agreed to state to the board of directors of McJade Properties Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than McJade Properties Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that McJade Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of McJade Properties Limited. You consider that McJade Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of McJade Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hicks and Company

Chartered Accountants

First Floor

99 Bancroft

Hitchin

Hertfordshire

SG5 1NQ

27 April 2026

McJade Properties Limited

Statement of financial position

30 September 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Investment properties	5	3,651,769		3,651,769
		_________		_________
			3,651,769		3,651,769

Current assets
Debtors	7	26,844		77,767
Cash at bank and in hand		213,061		64,152
		_________		_________
		239,905		141,919
Creditors: amounts falling due
within one year	8	( 2,006,275)		( 1,974,918)
		_________		_________
Net current liabilities			( 1,766,370)		( 1,832,999)
			_________		_________
Total assets less current liabilities			1,885,399		1,818,770

Creditors: amounts falling due
after more than one year	9		( 705,516)		( 719,009)

Provisions for liabilities			( 177,268)		( 177,268)

			_________		_________
Net assets			1,002,615		922,493
			_________		_________

Capital and reserves
Called up share capital			300		300
Fair value reserve			583,546		583,546
Profit and loss account			418,769		338,647
			_________		_________
Shareholders funds			1,002,615		922,493
			_________		_________

For the year ending 30 September 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 financial statements for the year in question in accordance with section 476;

- The directors acknowledge 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 comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 27 April 2026 , and are signed on behalf of the board by:

Mr J J Hill

Director

Company registration number: 08276125

McJade Properties Limited

Statement of changes in equity

Year ended 30 September 2025

	Called up share capital	Fair value reserve	Profit and loss account	Total
	£	£	£	£


At 1 October 2023	300	550,659	286,818	837,777

Profit for the year			84,716	84,716
Other comprehensive income for the year:
Tax relating to components of other comprehensive income		32,887	( 32,887)	-
	_________	_________	_________	_________
Total comprehensive income for the year	-	32,887	51,829	84,716

	_________	_________	_________	_________
At 30 September 2024 and 1 October 2024	300	583,546	338,647	922,493

Profit for the year			80,122	80,122
	_________	_________	_________	_________
Total comprehensive income for the year	-	-	80,122	80,122

	_________	_________	_________	_________
At 30 September 2025	300	583,546	418,769	1,002,615
	_________	_________	_________	_________

McJade Properties Limited

Notes to the financial statements

Year ended 30 September 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 First Floor Offices, 99 Bancroft, Hitchin, Hertfordshire, SG5 1NQ.

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 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.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover represents the rents of properties and recharged expenses which are included on an accruals basis excluding value added tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

investment properties are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2024: 5 ).

5. Investment properties

	Freehold investment properties	Long leasehold investment properties	Total
	£	£	£
Cost
At 1 October 2024 and 30 September 2025	1,851,769	1,800,000	3,651,769
	_________	_________	_________
Depreciation
At 1 October 2024 and 30 September 2025	-	-	-
	_________	_________	_________
Carrying amount
At 30 September 2025	1,851,769	1,800,000	3,651,769
	_________	_________	_________
At 30 September 2024	1,851,769	1,800,000	3,651,769
	_________	_________	_________

Investment property

The fair value of the investment properties have been arrived at on the basis of valuations carried out by the directors of the company. The valuations were made on an open market value basis for existing use on 30 September 2025.

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:


	Freehold investment properties	Long leasehold investment properties	Total
	£	£	£
At 30 September 2025
Aggregate cost	2,108,290	1,039,186	3,147,476
Aggregate depreciation	-	-	-
	_________	_________	_________
Carrying amount	2,108,290	1,039,186	3,147,476
	_________	_________	_________

At 30 September 2024
Aggregate cost	2,108,290	1,039,186	3,147,476
Aggregate depreciation	-	-	-
	_________	_________	_________
Carrying amount	2,108,290	1,039,186	3,147,476
	_________	_________	_________

7. Debtors

	2025	2024
	£	£
Rent and insurance arrears	7,839	7,900
Other debtors	19,005	69,867
	_________	_________
	26,844	77,767
	_________	_________

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loan (secured)	69,067	77,766
Rent and insurance in advance	6,663	7,711
Amounts owed to parent undertaking	1,839,121	1,839,121
Corporation tax	26,695	17,276
Social security and other taxes	13,199	-
Other creditors	51,530	33,044
	_________	_________
	2,006,275	1,974,918
	_________	_________

The bank loan is secured by a first legal charge over the long leasehold investment properties.

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loan (secured)	705,516	719,009
	_________	_________

The bank loan is secured by a first legal charge over the long leasehold investment properties.

10. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value
	2025	2024
	£	£
John Shilcock Limited - Management and rent collection fees	29,445	26,110
John Shilcock Limited - Professional fees	5,247	3,200
	_________	_________

11. Controlling party

In the opinion of the directors the immediate parent undertaking of the company is Curtis Trust Limited (Company No. 00318014). The parent undertaking of Curtis Trust Limited is Long Island Limited (Company No. 03486935). The parent undertaking of Long Island Limited is Quito 2003 Limited (Company No. 15543642). All of the above companies are incorporated in England & Wales, registered offices are First Floor Offices, 99 Bancroft, Hitchin, Hertfordshire SG5 1NQ.