Company registration number 03554826 (England and Wales)
J.M. Northern Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 October 2025
PAGES FOR FILING WITH REGISTRAR
J.M. Northern Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
J.M. Northern Limited
Statement of financial position
as at 31 October 2025
31 October 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
4,313,853
4,320,883
Investments
4
290
290
4,314,143
4,321,173
Current assets
Debtors
184,977
12,102
Cash at bank and in hand
911
12,595
185,888
24,697
Creditors: amounts falling due within one year
(644,491)
(491,865)
Net current liabilities
(458,603)
(467,168)
Total assets less current liabilities
3,855,540
3,854,005
Creditors: amounts falling due after more than one year
(1,508,100)
(1,567,727)
Provisions for liabilities
5
(249,079)
(248,386)
Net assets
2,098,361
2,037,892
Capital and reserves
Called up share capital
200
200
Revaluation reserve
504,412
504,412
Profit and loss reserves
1,593,749
1,533,280
Total equity
2,098,361
2,037,892
J.M. Northern Limited
Statement of financial position (continued)
as at 31 October 2025
31 October 2025
- 2 -

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

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

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.

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.

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

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:
J Morris
R Morris
Director
Director
Company registration number 03554826 (England and Wales)
J.M. Northern Limited
Notes to the financial statements
for the year ended 31 October 2025
- 3 -
1
Accounting policies
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.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

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:

Freehold land and buildings
No depreciation
Plant and equipment
20% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

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.

Deferred tax

Deferred tax liabilities are generally recognised for all timing. 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.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

J.M. Northern Limited
Notes to the financial statements (continued)
for the year ended 31 October 2025
1
Accounting policies
(continued)
- 4 -
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

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

2025
2024
Number
Number
Total
3
2
J.M. Northern Limited
Notes to the financial statements (continued)
for the year ended 31 October 2025
- 5 -
3
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 November 2024
4,021,552
528,717
145,533
4,695,802
Additions
-
0
-
0
102,760
102,760
Disposals
-
0
(83,420)
(98,928)
(182,348)
At 31 October 2025
4,021,552
445,297
149,365
4,616,214
Depreciation and impairment
At 1 November 2024
-
0
306,423
68,496
374,919
Depreciation charged in the year
-
0
41,809
18,879
60,688
Eliminated in respect of disposals
-
0
(69,840)
(63,406)
(133,246)
At 31 October 2025
-
0
278,392
23,969
302,361
Carrying amount
At 31 October 2025
4,021,552
166,905
125,396
4,313,853
At 31 October 2024
4,021,552
222,294
77,037
4,320,883
4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings
290
290
5
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
249,079
248,386
6
Company information

J.M. Northern Limited is a private company limited by shares incorporated in England and Wales. The registered office is Brooks Mill, Carr Lane, Slaithwaite, Huddersfield, West Yorkshire, HD7 5BQ.

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