Jems Ltd - Filleted accounts

Registered number

00508614

Jems Ltd

Unaudited Filleted Accounts

31 December 2025

Jems Ltd
Registered number:		00508614
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		800,997			801,137

Current assets
Cash at bank and in hand		8,563			13,541

Creditors: amounts falling due within one year	4	(37,367)			(35,761)

Net current liabilities			(28,804)			(22,220)

Total assets less current liabilities			772,193			778,917


Provisions for liabilities			(118,186)			(118,181)


Net assets			654,007			660,736

Capital and reserves
Called up share capital			30,075			30,075
Revaluation reserve	5		622,007			622,007
Profit and loss account			1,925			8,654

Shareholders' funds			654,007			660,736

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Jeremy Edward Rossiter
Director
Approved by the board on 2 July 2026

Jems Ltd
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	over 3 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 January 2025	800,000		15,837		815,837
	Additions	-		250		250
	At 31 December 2025	800,000		16,087		816,087

	Depreciation
	At 1 January 2025	-		14,700		14,700
	Charge for the year	-		390		390
	At 31 December 2025	-		15,090		15,090

	Net book value
	At 31 December 2025	800,000		997		800,997
	At 31 December 2024	800,000		1,137		801,137


4	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			7,459		-
	Taxation and social security costs			8,437		9,854
	Other creditors			21,471		25,907
				37,367		35,761


5	Revaluation reserve			2025		2024
£					£

	At 1 January 2025			622,007		622,007

	At 31 December 2025			622,007		622,007


6	Other information

	Jems Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	The Beeches
	Vernon Avenue
	Oxford
	Oxfordshire
	OX2 9AU