ACCOUNTS - Final Accounts

Analysis of the maturity of loans is given below:

Registered number: 11971327

JMEG PROPERTIES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

JMEG PROPERTIES LIMITED

REGISTERED NUMBER: 11971327

BALANCE SHEET

AS AT 30 SEPTEMBER 2025

	2025	2025	2024	2024
Note	£	£	£	£

Fixed assets
Investment property	4		1,232,415		1,232,415
Current assets
Debtors: amounts falling due within one year	5	9,756		10,092
Cash at bank and in hand	6	149,622		142,240
Creditors: amounts falling due within one year	7	(158,403)		(157,475)
Net current assets/(liabilities)			975		(5,143)
Creditors: amounts falling due after more than one year	8		(659,686)		(659,705)
Net assets			573,704		567,567

Capital and reserves
Called up share capital	2	2
Share premium account	585,917	585,917
Profit and loss account	(12,215)	(18,352)
	573,704	567,567

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JMEG PROPERTIES LIMITED

REGISTERED NUMBER: 11971327

BALANCE SHEET (CONTINUED)

AS AT 30 SEPTEMBER 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 June 2026.

E A Lee

Director

The notes on pages 3 to 6 form part of these financial statements.

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JMEG PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1.	General information

JMEG Properties Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA. .

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.3

Going concern

The accounts have been prepared on a going concern basis. The company continues to have the support of the director and shareholder for the foreseeable future.

2.4

Revenue

The Company's source of revenue is rental income from investment properties let to third parties. Revenue is recognised in the accounting period in which the services are rendered.

2.5

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

2.6

Finance costs

Finance costs are charged to the Statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.7

Borrowing costs

All borrowing costs are recognised in the Statement of income and retained earnings over the term of the borrowing.

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JMEG PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.9

Investment property

Investment property is carried at fair value determined annually by the directors or external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of income and retained earnings.

2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

4.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 October 2024	1,232,415
	At 30 September 2025	1,232,415

In the opinion of the directors the valuations at the year end are not materially different to those on incorporation.

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JMEG PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Debtors

					2025	2024
					£	£

	Prepayments	9,756	10,092

6.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank and in hand	149,622	142,240

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Corporation tax	2,266	2,898
Other creditors	150,317	150,977
Accruals	5,820	3,600
	158,403	157,475

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

	Bank loans	659,686	659,705

Secured bank loans
Bank loans amounting to £659,686 (2024 - £659,705) are secured against investment properties held by the company.

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JMEG PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Amounts falling due after more than 5 years
Bank loans	659,686	659,705

10.	Related party transactions
	Included within other creditors is an amount of £150,317 (2024 - £150,977) owed to the director.

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