REGISTERED NUMBER: SC176721 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

JMJ PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M T Edwards FCCA

J R Edwards

SECRETARY:

M T Edwards FCCA

REGISTERED OFFICE:

10 Damhead

Lothianburn

Edinburgh

Lothian

EH10 7DZ

REGISTERED NUMBER:

SC176721 (Scotland)

ACCOUNTANTS:

Mitchell Edwards

Chartered Certified Accountants

24A Ainslie Place

Edinburgh

EH3 6AJ

BANKERS:

The Royal Bank of Scotland plc

Edinburgh West End Office

142 - 144 Princes Street

Edinburgh

EH2 4EQ

SOLICITORS:

Macbeth Currie

8 Manor Place

Edinburgh

EH3 7DD

FIXED ASSETS

Investment property

4

335,000

314,000

CURRENT ASSETS

Debtors

5

100

745

Cash at bank

23,238

13,210

23,338

13,955

CREDITORS

Amounts falling due within one year

6

60,424

64,522

NET CURRENT LIABILITIES

(37,086

)

(50,567

)

TOTAL ASSETS LESS CURRENT LIABILITIES

297,914

263,433

PROVISIONS FOR LIABILITIES

31,662

20,073

NET ASSETS

266,252

243,360

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

7

178,502

169,091

Retained earnings

87,650

74,169

SHAREHOLDERS' FUNDS

266,252

243,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2026 and were signed on its behalf by:

M T Edwards FCCA - Director

1.	STATUTORY INFORMATION

JMJ Properties Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents rent receivable.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Income Statement. Fair value gains and losses net of deferred tax are transferred to the Fair Value Reserve.

Taxation

Taxation for the year comprises 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 is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

314,000

Revaluations

21,000

At 31 August 2025

335,000

NET BOOK VALUE

At 31 August 2025

335,000

At 31 August 2024

314,000

The investment property has been valued by the directors on an open market value.

Fair value at 31 August 2025 is represented by:

£

Valuation in 2007

150,000

Valuation in 2018

39,163

Valuation in 2025

21,000

Cost

124,837

335,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

100

745

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

3,186

2,844

Other creditors

57,238

61,678

60,424

64,522

7.

RESERVES

Revaluation

reserve

£

At 1 September 2024

169,091

Surplus on revaluation

9,411

At 31 August 2025

178,502