J M Developments (Halifax) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12858128

J M DEVELOPMENTS (HALIFAX) LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 September 2025

J M DEVELOPMENTS (HALIFAX) LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2025

CONTENTS	PAGE

Statement of financial position	1

Notes to the financial statements	3

J M DEVELOPMENTS (HALIFAX) LIMITED

STATEMENT OF FINANCIAL POSITION

30 September 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	4		15,763		25,743

CURRENT ASSETS

Stocks		–	204,185
Debtors	5	224,409	82,220
Cash at bank and in hand		141,428	20,255
		-----------	-----------
		365,837	306,660

CREDITORS: amounts falling due within one year	6	75,727		31,915
		-----------		-----------
NET CURRENT ASSETS			290,110		274,745
			-----------		-----------
TOTAL ASSETS LESS CURRENT LIABILITIES			305,873		300,488

CREDITORS: amounts falling due after more than one year	7		9,820		75,431

PROVISIONS	8	2,995	4,890
		-----------	-----------
NET ASSETS		293,058	220,167
		-----------	-----------

J M DEVELOPMENTS (HALIFAX) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 September 2025

	2025		2024
Note	£	£	£	£

CAPITAL AND RESERVES

Called up share capital	10	100	100
Profit and loss account		292,958	220,067
		-----------	-----------
SHAREHOLDERS FUNDS		293,058	220,167
		-----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 29 June 2026 , and are signed on behalf of the board by:

Mr M Broome

Director

Company registration number: 12858128

J M DEVELOPMENTS (HALIFAX) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 55 Pellon Lane, Halifax, West Yorkshire, HX1 5SP.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Motor vehicles	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

4. TANGIBLE ASSETS

	Motor vehicles
	£
Cost
At 1 October 2024	40,257
Disposals	( 7,200)
	---------
At 30 September 2025	33,057
	---------
Depreciation
At 1 October 2024	14,514
Charge for the year	6,141
Disposals	( 3,361)
	---------
At 30 September 2025	17,294
	---------
Carrying amount
At 30 September 2025	15,763
	---------
At 30 September 2024	25,743
	---------

5. DEBTORS

	2025	2024
	£	£
Prepayments and accrued income	1,071	–
Directors loan account	221,172	77,895
Other debtors	2,166	4,325
	-----------	---------
	224,409	82,220
	-----------	---------

6. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	1,548	7,749
Accruals and deferred income	43,342	1,800
Corporation tax	25,226	14,755
Obligations under finance leases and hire purchase contracts	5,611	5,611
Deposits received	–	2,000
	---------	---------
	75,727	31,915
	---------	---------

The following liabilities disclosed under creditors falling due within one year are secured by the company:

	2025	2024
	£	£
Hire purchase agreement	5,611	5,611
	--------	--------

7. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Obligations under finance leases and hire purchase contracts	9,820	15,431
Other loans	–	60,000
	--------	---------
	9,820	75,431
	--------	---------

The following liabilities disclosed under creditors falling due after more than one year are secured by the company:

	2025	2024
	£	£
Hire purchase agreement	9,820	15,431
Other loans	Nil	60,000
	--------	---------
	9,820	75,431
	--------	---------

8. PROVISIONS

	Deferred tax (note 9)
	£
At 1 October 2024	4,890
Charge against provision	( 1,895)
	--------
At 30 September 2025	2,995
	--------

9. DEFERRED TAX

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 8)	2,995	4,890
	--------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	2,995	4,890
	--------	--------

10. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	-----	-----	-----	-----

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors loan account was overdrawn at the year end by £221,172 (2024:£77,895). This was the maximum amount outstanding during the year.