Company registration number 03332743 (England and Wales)
ST. JAMES TRADING ESTATE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
ST. JAMES TRADING ESTATE LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
ST. JAMES TRADING ESTATE LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
4,704
-
0
Investment property
4
450,000
450,000
454,704
450,000
Current assets
Debtors
38,729
33,331
Cash at bank and in hand
2,369
2,214
41,098
35,545
Creditors: amounts falling due within one year
(197,350)
(184,032)
Net current liabilities
(156,252)
(148,487)
Total assets less current liabilities
298,452
301,513
Creditors: amounts falling due after more than one year
(566)
(3,966)
Provisions for liabilities
(45,783)
(46,010)
Net assets
252,103
251,537
Capital and reserves
Called up share capital
6
500
500
Other reserves
207,582
207,582
Profit and loss reserves
44,021
43,455
Total equity
252,103
251,537
ST. JAMES TRADING ESTATE LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 AUGUST 2025
31 August 2025
- 2 -

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

T he 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 Companies Act 2006 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.

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 11 May 2026 and are signed on its behalf by:
Mr M Choyce
Director
Company registration number 03332743 (England and Wales)
ST. JAMES TRADING ESTATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 3 -
1
Accounting policies
Company information

St. James Trading Estate Limited is a private company limited by shares incorporated in England and Wales. The registered office is 280, Barton Street, Gloucester, United Kingdom, GL1 4JJ.

1.1
Accounting convention

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 as modified by the revaluation of investment property. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised on an invoice basis with income carried forward as in advance where the invoice relates to a period after the year end.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
15% on cost

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.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting date. Changes in fair value are recognised in profit or loss.

1.5
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement 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.

ST. JAMES TRADING ESTATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Employees

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

2025
2024
Number
Number
Total
5
5
3
Tangible fixed assets
Total
£
Cost
At 1 September 2024
-
0
Additions
4,935
At 31 August 2025
4,935
Depreciation and impairment
At 1 September 2024
-
0
Depreciation charged in the year
231
At 31 August 2025
231
Carrying amount
At 31 August 2025
4,704
At 31 August 2024
-
0
4
Investment property
2025
£
Fair value
At 1 September 2024 and 31 August 2025
450,000

The directors consider the value attributed to the property in a professional valuation carried out by John Goodwin FRICS on 20 September 2018 as continuing to represent a reasonable approximation of its fair value at the year-end and have consequently retained that valuation in these financial statements. The directors do not consider the cost of an updated professional valuation would be justified and have therefore chosen not to seek one.

ST. JAMES TRADING ESTATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 5 -
5
Loans and overdrafts
2025
2024
£
£
Bank loans
3,966
7,366
Payable within one year
3,400
3,400
Payable after one year
566
3,966
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary L shares of £1 each
250
250
250
250
Ordinary C shares of £1 each
250
250
250
250
500
500
500
500
7
Non-distributable reserve
2025
2024
£
£
At the beginning and end of the year
207,582
207,582
8
Related party transactions

Estate of the late G N Choyce

Former director and shareholder

In a previous period Mr Choyce's estate loaned the company £74,100 for working capital. The loan is unsecured, interest free and repayable on demand. The amount due to the related party at the balance sheet date was £74,100 (2024: £74,100).

Mr S Bishop

Director

In a previous period Mr Bishop loaned the company £70,600 for working capital. The loan is unsecured, interest free and repayable on demand. The amount due to the related party at the balance sheet date was £70,600 (2024: £70,600).

The Old Joinery Company Limited

Company in which Mr M Choyce is a director and shareholder

During the year the company paid management charges of £2,600 (2024: £1,734) on an arms length basis to the related party. The amount due to the related party at the balance sheet date was £12,433 (2024: £10,589). The balance is unsecured, interest free and repayable on demand.

9
Other financial commitments

The company has granted a fixed and floating charge over the assets of the company in favour of Barclays Bank PLC in connection with funding to two of the former shareholders regarding the company's original acquisition of its investment property.

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