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Registration number: 01495022

Jay C Homes Ltd
Annual Report and Unaudited Financial Statements
Pages for filing with the Registrar
for the Year Ended 31 August 2025

Jay C Homes Ltd

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 10

Jay C Homes Ltd

(Registration number: 01495022)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 20,473 | 1,104
Investment property | 5 | 165,000 | 315,000
|  | 185,473 | 316,104
Current assets |  |  |
Stocks | 6 | 510,144 | 346,476
Debtors | 7 | 1,923 | 2,001
Cash at bank and in hand |  | 7,414 | 12,270
|  | 519,481 | 360,747
Creditors: Amounts falling due within one year | 8 | (491,192) | (364,054)
Net current assets/(liabilities) |  | 28,289 | (3,307)
Total assets less current liabilities |  | 213,762 | 312,797
Creditors: Amounts falling due after more than one year | 8 | (12,492) | (50,275)
Provisions for liabilities (deferred taxation) |  | (24,940) | (38,555)
Net assets |  | 176,330 | 223,967
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Investment property fair value reserve |  | 65,963 | 127,105
Profit and loss account |  | 110,267 | 96,762
Total equity |  | 176,330 | 223,967

Jay C Homes Ltd

(Registration number: 01495022)
Balance Sheet as at 31 August 2025

For the financial year ending 31 August 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 June 2026 and signed on its behalf by:

......................................... Mr J M Cox Director

Jay C Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 14, Riduna Park
Station Road
Melton
Woodbridge
Suffolk
IP12 1QT
United Kingdom

The principal place of business is:
1 Hope House
160 Foxhall Road
Ipswich
Suffolk
IP3 8HW
United Kingdom

These financial statements were authorised for issue by the Board on 30 June 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in £ sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

Turnover represents the proceeds received from the sale of development properties during the course of the year and is recognised based on the legal completion date for the sale of the property. Turnover also includes income from building services carried out during the year excluding vat. This element of the turnover is recognised based on the services performed during the course of the year.
Other operating income includes the rent receivable from the letting by the company of its development properties. Rental income is recognised in the financial statements on the basis of that receivable in the accounting period.

Jay C Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor vehicles | 25% reducing balance basis
Fixtures and fittings | 15% reducing balance basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss under an investment property fair value reserve.
Any associated deferred tax movement is also recognised in this investment property fair value reserve.
The investment property fair value reserve forms part of the general revenue reserve but any surpluses shown here are not distributable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Jay C Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

The value of stock is represented by the value of development properties held at the year end.
Stock is valued at the lower of cost and net realisable value. Net realisable value is based on selling price less anticipated costs to completion and selling costs.
At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings in the form of bank loans classified as debt are initially recognised at transaction price.
All borrowing costs are recognised in the profit and loss account for the period in which they are incurred.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over their useful lives The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the agreement and represent a constant proportion of the balance of capital repayments outstanding.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Jay C Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the profit and loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 2).

Jay C Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

4 | Tangible assets

| Fixtures & fittings £ | Motor vehicles £ | Total £
Cost
At 1 September 2024 | 1,546 | 1,300 | 2,846
Additions | - | 21,850 | 21,850
At 31 August 2025 | 1,546 | 23,150 | 24,696
Depreciation
At 1 September 2024 | 877 | 865 | 1,742
Charge for the year | 101 | 2,380 | 2,481
At 31 August 2025 | 978 | 3,245 | 4,223
Carrying amount
At 31 August 2025 | 568 | 19,905 | 20,473
At 31 August 2024 | 669 | 435 | 1,104

5 | Investment properties

| 2025 £
At 1 September | 315,000
Disposals | (150,000)
At 31 August | 165,000

The investment properties were valued at the 31st August 2025 by the directors and therefore the valuation is an internal one. The basis of the valuation was on an open market basis. The investment properties have a current value of £165,000 (2024 £315,000) and a carrying amount at historical cost of £79,215 (2024 £149,616).

There has been no valuation of investment property by an independent valuer.

6 | Stocks

| 2025 £ | 2024 £
Development properties | 510,144 | 346,476

Jay C Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

7 | Debtors

| 2025 £ | 2024 £
Prepayments | 1,394 | 2,001
Other debtors | 529 | -
| 1,923 | 2,001

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Bank loans & hire purchase obligations | 10 | 8,370 | 5,000
Taxation and social security |  | 218 | 506
Accruals and deferred income |  | 5,272 | 4,315
Other creditors |  | 477,332 | 354,233
|  | 491,192 | 364,054

Creditors include net obligations under hire purchase contracts which are secured of £3,370 (2024 - £nil).
Creditors due within one year also includes a business bounce back loan of £5,000 (2024 £5,000). This loan is not secured.

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Bank loans & hire purchase obligations | 10 | 12,492 | 50,275

Creditors include net obligations under hire purchase contracts which are secured of £12,076 (2024 - £nil).
Creditors due after more than one year also include a business bounce back loan of £417 (2024 £5,417). This loan is not secured.

Jay C Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

9 | Reserves

The profit and loss reserves of the company have been sub divided into the profit and loss reserve, which is fully distributable, and the component of the reserves relating to the investment property fair values which is not distributable.
The investment property fair value reserve at 31 August 2025 is made up as follows:

Valuation of investment properties at 31 August 2025 | £165,000
Deferred tax provision on value | £(19,822)
Original cost of properties | £(79,215)
Investment property fair value reserve at 31 August 2025 | £65,963

10 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 417 | 50,275
HP and finance lease liability 1 (1-2 yrs) | 12,075 | -
| 12,492 | 50,275

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 5,000 | 5,000
HP and finance lease liability 1 (under 1yr) | 3,370 | -
| 8,370 | 5,000

Jay C Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

11 | Related party transactions

Other transactions with directors

Included in creditors at 31st August 2025 is a loan amount of £364,364 (2024 £242,999) which is owed by the company to Cox Developments (Ipswich) Limited. Jay C Homes Limited was a former subsidiary company of Cox Developments (Ipswich) Limited and ceased as a subsidiary company on the 1st September 2003. This is a property development company registered in England and is a company in which both directors of Jay C Homes Limited are also directors and shareholders.
During the 2025 year Jay C Homes Limited received advances totalling £121,365 from Cox Developments (Ipswich) Limited.
Included in creditors at 31st August 2025 is a loan amount of £85,469 (2024 £86,169) which is owed by the company to Cox & Cox Property Ltd. This is a property development company registered in England and is a company in which Mr J Cox is also a director and shareholder.
During the 2025 year Jay C Homes Limited repaid a total of £700 to Cox & Cox Property Ltd.
The above loans are interest free and are repayable on demand.
At the 31st August 2025 creditors includes the sum of £7,737 (2024 £1,629) owed by the company to the directors in respect of monies injected in to the company by them in the 2025 year and previous years. The directors do not charge interest on this loan and the loan is repayable on demand.