REGISTERED NUMBER: 10312200 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

JIC PROPERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J M Crook

REGISTERED OFFICE:

Archer House

Britland Estate

Northbourne Road

Eastbourne

East Sussex

BN22 8PW

REGISTERED NUMBER:

10312200 (England and Wales)

ACCOUNTANTS:

Dominic Hill Associates Limited

Archer House

Britland Estate

Northbourne Road

Eastbourne

East Sussex

BN22 8PW

FIXED ASSETS

Tangible assets

4

20,017

26,691

Investment property

5

1,640,000

1,641,893

1,660,017

1,668,584

CURRENT ASSETS

Debtors

6

3,550

-

Cash at bank

8,785

3,072

12,335

3,072

CREDITORS

Amounts falling due within one year

7

130,401

126,972

NET CURRENT LIABILITIES

(118,066

)

(123,900

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,541,951

1,544,684

CREDITORS

Amounts falling due after more than one year

8

(1,022,158

)

(1,040,870

)

PROVISIONS FOR LIABILITIES

(124,482

)

(119,102

)

NET ASSETS

395,311

384,712

CAPITAL AND RESERVES

Called up share capital

1

1

Fair value reserve

9

501,712

499,819

Retained earnings

(106,402

)

(115,108

)

SHAREHOLDERS' FUNDS

395,311

384,712

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 director acknowledges his 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 director and authorised for issue on 28 May 2026 and were signed by:

J M Crook - Director

1.	STATUTORY INFORMATION

JIC Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Rental income

Rental income is rental payments received from tenants for use of the property.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

and 31 August 2025

46,914

DEPRECIATION

At 1 September 2024

20,223

Charge for year

6,674

At 31 August 2025

26,897

NET BOOK VALUE

At 31 August 2025

20,017

At 31 August 2024

26,691

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

1,641,893

Revaluations

(1,893

)

At 31 August 2025

1,640,000

NET BOOK VALUE

At 31 August 2025

1,640,000

At 31 August 2024

1,641,893

Fair value at 31 August 2025 is represented by:

£

Valuation in 2018

92,965

Valuation in 2019

83,075

Valuation in 2020

10,754

Valuation in 2021

77,632

Valuation in 2023

198,393

Valuation in 2024

37,001

Valuation in 2025

(1,893

)

Cost

1,142,073

1,640,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

3,550

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

3,705

3,705

Taxation and social security

303

303

Other creditors

126,393

122,964

130,401

126,972

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

814,596

815,892

Hire purchase contracts

16,725

20,431

Other creditors

190,837

204,547

1,022,158

1,040,870

9.

RESERVES

Fair

value

reserve

£

At 1 September 2024

499,819

Non-distributable reserve

1,893

At 31 August 2025

501,712

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed £115,715 (2024: £81,673) to J M Crook, the company director.

No interest has been charged on this loan.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J M Crook.