Joule Brady Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08697222 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

Joule Brady Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K J Ball

A Brady

D K Hallam

REGISTERED OFFICE:

1 Sheffield Road

Chapel-En-Le-Frith

High Peak

SK23 0PE

REGISTERED NUMBER:

08697222 (England and Wales)

ACCOUNTANTS:

DLA Chartered Accountants

36A Market Street

New Mills

High Peak

SK22 4AA

FIXED ASSETS

Tangible assets

4

2,515,160

2,095,213

CURRENT ASSETS

Cash at bank

6,348

25,555

CREDITORS

Amounts falling due within one year

5

115,349

787,602

NET CURRENT LIABILITIES

(109,001

)

(762,047

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,406,159

1,333,166

CREDITORS

Amounts falling due after more than one
year

6

(1,036,729

)

(471,975

)

PROVISIONS FOR LIABILITIES

(222,967

)

(117,981

)

NET ASSETS

1,146,463

743,210

CAPITAL AND RESERVES

Called up share capital

100

Fair value reserve

8

657,532

338,782

Retained earnings

488,831

404,328

SHAREHOLDERS' FUNDS

1,146,463

743,210

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 2 June 2026 and were signed on its behalf by:

A Brady - Director

1.	STATUTORY INFORMATION

Joule Brady Properties 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

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 NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

COST OR VALUATION

At 1 October 2024

2,075,000

24,441

2,099,441

Revaluations

425,000

-

425,000

At 30 September 2025

2,500,000

24,441

2,524,441

DEPRECIATION

At 1 October 2024

-

4,228

Charge for year

-

5,053

At 30 September 2025

-

9,281

NET BOOK VALUE

At 30 September 2025

2,500,000

15,160

2,515,160

At 30 September 2024

2,075,000

20,213

2,095,213

Cost or valuation at 30 September 2025 is represented by:

Freehold

Plant and

property

machinery

Totals

£

Valuation in 2024

451,709

-

451,709

Valuation in 2025

425,000

-

425,000

Cost

1,623,291

24,441

1,647,732

2,500,000

24,441

2,524,441

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

30.9.25

30.9.24

£

Cost

1,623,291

Freehold land and buildings were valued on an open market basis on 30 September 2025 by the directors. .

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Bank loans and overdrafts

27,086

27,611

Tax

29,583

20,861

Other creditors

-

678,577

Deposits

10,695

12,750

Directors' current accounts

46,935

Accrued expenses

1,050

868

115,349

787,602

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

Bank loans - 1-2 years

27,586

29,111

Bank loans - 2-5 years

85,757

87,332

Bank loans more 5 yr by instal

217,809

355,532

Other creditors

705,577

-

1,036,729

471,975

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

217,809

355,532

7.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

30.9.24

£

Bank loans

358,238

499,586

Natwest Bank Plc hold a first legal charge over the land off Hayfield Road East and its associated assets.

Natwest Bank Plc hold a first legal charge over the land at 1 Sheffield Road and its associated assets.

Joule Brady Limited, a company under common control has also provided a guarantee to the value of £300,000.

8.

RESERVES

Fair

value

reserve

£

At 1 October 2024

338,782

Fair value reserve

318,750

At 30 September 2025

657,532

9.	RELATED PARTY DISCLOSURES

At the year end the company owes Joule Brady Limited, a company under common control, £257,577 (2024: £240,577). This balance is included in creditors.

At the year end the company owes £417,000 (2024: £407,000) to Joule Brady Vehicle Plant Hire Limited, a company under common control. This balance is included in creditors.

At the year end the company owes £31,000 (2024: £31,000) to Joule Brady Commercials Limited, a company under common control. This balance is included in creditors.