Registered number: 00734683 (England and Wales)

J. P. R. (1994) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2025

J. P. R. (1994) LIMITED

CONTENTS O F THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2025

| Page
Company information | 2
Directors report | 3
Profit and loss account | 4
Balance sheet | 5 - 6
Notes to the financial statements | 7 - 13

J. P. R. (1994) LIMITED

COMPANY INFORMATION

YEAR ENDED 31 DECEMBER 2025

Directors | Mr A J Ruhleman
| Mr P Ruhleman
| Mrs M B Ruhleman
| Mrs D E Ruhleman
Secretary | Mr P Ruhleman
Registered office | Pitt Arches
| Raleigh Road
| Barnstaple
| Devon
| EX31 4HY
Registered number | 00734683 (England and Wales)

J. P. R. (1994) LIMITED

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 DECEMBER 2025

The directors present their annual report and the financial statements for the year ended 31 December 2025.

Principal activities

The principal activities of the company continued to be that of the sale of fuel and property rental.

Directors

The directors of the company who held office during the year and up to the date of signing these financial statements were:

Mr A J Ruhleman

Mr P Ruhleman

Mrs M B Ruhleman

Mrs D E Ruhleman

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption under the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

By order and on behalf of the board:

Mr P Ruhleman

Director and secretary

Date 23 June 2026

J. P. R. (1994) LIMITED

INCOME STATEMENT/PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2025

| 2025 | 2024
| £ | £
Turnover | 320,502 | 449,451
Cost of sales | 305,436 | (435,349)
Gross profit | 15,066 | 14,102
Administrative expenses | (73,666) | (72,983)
Other operating income |  |
Rents received | 63,813 | 75,742
Sundry income | 104 | 174
Operating profit | 5,317 | 17,035
Interest receivable and similar income | 2,041 | 1,533
Profit before taxation | 7,358 | 18,568
Tax on profit | (1,757) | (2,703)
Profit for the financial year | 5,601 | 15,865

The notes form part of these financial statements

J. P. R. (1994) LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2025

Company registration number 00734683

| Notes | 2025 | 2024
FIXED ASSETS |  |  |  |  |
Tangible fixed assets | 5 | 6,456 |  | 7,756 |
Investment properties | 6 | 905,000 |  | 1,105,000 |
|  |  | 911,456 |  | 1,112,756
CURRENT ASSETS |  |  |  |  |
Stocks |  | 250 |  | 410 |
Debtors | 7 | 52,045 |  | 47,002 |
Cash at bank and in hand |  | 77,363 |  | 81,622 |
|  | 129,658 |  | 129,034 |
Creditors: amounts falling due within one year | 8 | (37,119) |  | (43,150) |
NET CURRENT ASSETS |  |  | 92,539 |  | 85,884
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,003,995 |  | 1,198,640
Provisions for liabilities | 11 |  | (9,320) |  | (47,566)
NET ASSETS |  |  | 994,675 |  | 1,151,074
CAPITAL AND RESERVES |  |  |  |  |
Called up share capital | 12 |  | 55,200 |  | 55,200
Share premium account | 13 |  | 6,350 |  | 6,350
Profit and loss reserves | 13 |  | 933,125 |  | 1,089,524
Total equity |  |  | 994,675 |  | 1,151,074

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025, relating to small companies. The directors confirm the company qualifies for this exemption on the grounds that it is below the limits for turnover and balance sheet total mentioned in Section 477(4) of the Act and qualifies as small in accordance with Section 382(1) to (6) of the Act because it is below the limits in Section 382 of the Act.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

J. P. R. (1994) LIMITED

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2025

Company registration number 00734683

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.

These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to and subject to the small companies regime.

The financial statements were approved and authorised for issue by the Board of Directors on 23 June 2026 and were signed on its behalf by:

A J Ruhleman - Director

Company registration number 00734683

J. P. R. (1994) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2025

(1) STATUTORY INFORMATION

J. P. R. (1994) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 00734683 and the registered office address is Pitt Arches, Raleigh Road, Barnstaple, Devon EX31 4HY.

The presentation currency of the financial statements is the Pound Sterling (£).

(2) STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the Financial Reporting Standard 102 (FRS 102) ''The Financial Reporting Standard applicable in the U K and Republic of Ireland'' including the provisions of Section 1A 'Small Entities'' and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of FRS 102 (S 1A) have been applied except where additional disclosure is needed to show a true and fair view.

(3) ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets to fair value.

Going concern

The financial statements cover this company as an individual entity. Rounding is to the nearest Pound (£).

The financial statements have been prepared on a going concern basis. The directors have considered the financial position of the company for the twelve months from the date of approving these financial statements and consider the going concern basis is appropriate.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amount reported for assets and liabilities at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The judgements and estimates having had the most significant effect on any amounts, such as the revalued investment properties by the directors, the depreciation of fixed assets, bad debts on debtors, and accruals in creditors; are recognised in the financial statements in the year they are discovered.

Turnover and revenue recognition

Turnover represents the net invoiced sales of goods and services, excluding value added tax, and is derived from the ordinary activities. Revenue is recognised when an invoice has been raised for the fuel sold or for the period the rent is due.

J. P. R. (1994) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2025

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its expected useful life:

Plant and machinery | 20% on reducing balance
Fixtures and fittings | 20% on reducing balance
Motor vehicles | 25% on reducing balance

Computer equipment included in plant and machinery is depreciated over 3 years on cost.

Any gain or loss arising on the disposal of an asset is credited or charged to the profit and loss account. At the balance sheet date the directors review the assets for any impairment losses and provide for these losses where necessary in the profit and loss account.

Investment property

No depreciation is charged on investment properties as they are held at fair value in accordance with FRS 102 (Section 1A).

This represents a departure from the requirements of the Companies Act 2006, however this method of valuation is deemed to be appropriate as:

a) management has concluded that the financial statements present fairly the entity's financial position, financial performance and cash flows.

b) it has complied with applicable legislation, except that it has departed from a particular requirement of applicable legislation to achieve fair presentation.

c) to comply with the Companies Act 2006 a depreciation charge would be required against investment properties which would conflict with the objective of the financial statements set out in FRS 102 (Section 1A).

Any changes to the fair value is transferred to the Profit and Loss Reserve. Depreciation or Amortisation is only one of the many factors reflected in the valuation and the amount of depreciation which might have been charged cannot be separately identified or quantified.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial instruments are defined as a contract which gives rise to a financial asset in one entity and a financial liability or equity instrument in another entity. Basic financial instruments are classified under section 11 of FRS 102 and are held at amortised cost. These include bank and cash in hand, all creditors, all debtors, and other non-complicated loans when applicable.

J. P. R. (1994) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2025

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.

Taxable profit differs from the net profit as reported in the profit and loss account because this includes items of expenditure which are not tax deductible. 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash at bank, deposits held at the bank and other short term investments.

If the bank were overdrawn at the year end this would be shown separately within current liabilities.

Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which these are taken or paid.

Equity instruments

Equity instruments of share capital and share premium are recorded at the proceeds when they were received by the company. When dividends are declared by the company they are recognised as liabilities of the company until paid to the shareholders.

(4) EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5)

Directors remuneration for the year is £8,400 (2024 £8,400)

J. P. R. (1994) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2025

(5) TANGIBLE FIXED ASSETS

| Plant and | Fixtures and | Motor | Totals
| Machinery | Fittings | vehicles |
| £ | £ | £ | £
COST |  |  |  |
At 1 January 2025 | 42,739 | 7,529 | 12,196 | 62,464
Additions | 423 |  |  | 423
At 31 December 2025 | 43,162 | 7,529 | 12,196 | 62,887
DEPRECIATION |  |  |  |
At 1 January 2025 | 36,606 | 6,084 | 12,018 | 54,708
Charge for the year | 1,338 | 340 | 45 | 1,723
At 31 December 2025 | 37,944 | 6,424 | 12,063 | 56,431
NET BOOK VALUE |  |  |  |
At 31 December 2025 | 5,218 | 1,105 | 133 | 6,456
At 31 December 2024 | 6,133 | 1,445 | 178 | 7,756

J. P. R. (1994) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2025

(6) INVESTMENT PROPERTY

|  | Total
|  | £
FAIR VALUE |  |
At 1 January 2025 |  | 1,105,000
Reduction in valuation |  | (200,000)
At 31 December 2025 |  | 905,000
NET BOOK VALUE |  |
At 31 December 2025 |  | 905,000
At 31 December 2024 |  | 1,105,000
Fair value at 31 December 2025 is represented by: |  |
Valuation in 2009 |  | 891,866
Valuation in 2010 |  | 50,000
Valuation in 2018 |  | (200,000)
Valuation in 2021 |  | 8,272
Valuation in 2022 |  | 13,000
Valuation in 2025 |  | (200,000)
Cost |  | 341,862
|  | 905,000

If investment properties had not been revalued they would have been included at the following historic cost:

| 2025 |  | 2024
Cost | 341,862 |  | 341,862

Investment properties were valued on an open market basis on 31 December 2025 by the directors of this company.

Investment properties comprise freehold property of £215,574 and long leasehold properties of £126,288. The directors have valued the investment properties at their considered open market value and have reviewed that open market value at 31 December 2025 and consider the current valuation shown is at fair value.

POST BALANCE SHEET EVENT

Shortly after the year end the company sold one of it's freehold properties for £250,000 on an arm's length basis.

J. P. R. (1994) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2025

(7) DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

| 2025 | 2024
Trade debtors | 38,759 | 42,791
Other debtors | 53 | 0
Prepayments | 13,233 | 4,211
| 52,045 | 47,002

(8) CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

| 2025 | 2024
Trade creditors | 23,666 | 28,002
Corporation tax | 1,916 | 2,927
Social security and other taxes | 127 | 479
Directors current accounts | 2,932 | 2,132
Accruals and deferred income | 8,478 | 9,610
| 37,119 | 43,150

(9) LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

| 2025 | 2024
Within one year | 36,950 | 36,950
Between one and five years | 147,800 | 147,800
In more than five years | 1,588,850 | 1,625,800
| 1,773,600 | 1,810,550

The leasing agreements consist of operating leases on properties with leases of 48 years still remaining to the expiry date.

(10) FINANCIAL INSTRUMENTS

All financial instruments of all debtors, cash at bank and in hand and all creditors are shown at cost.

J. P. R. (1994) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2025

(11) PROVISIONS FOR LIABILITIES

| 2025 | 2024
| £ | £
Deferred tax | 9,320 | 47,566
Balance at 1 January 2025 | 47,566 | 47,790
Movement in deferred tax |  |
capital allowances | (246) | (224)
investment property | (38,000) | 0
Balance at 31 December 2025 | 9,320 | 47,566

(12) CALLED UP SHARE CAPITAL

| 2025 | 2024
Allotted, issued and fully paid: |  |
55,200 ordinary £1 shares | 55,200 | 55,200

(13) RESERVES

| Retained | Share | Totals
| earnings | Premium |
| £ | £ | £
At 1 January 2025 | 1,089,524 | 6,350 | 1,095,874
Devaluation of investment properties | (200,000) |  | (200,000)
Deferred tax on devaluation | 38,000 |  | 38,000
Profit for the year | 5,601 |  | 5,601
Dividends | 0 |  | 0
At 31 December 2025 | 933,125 | 6,350 | 939,475

At the balance sheet date retained earnings included an aggregate of un-distributable profits relating to the revaluation of investment properties totalling £570,975 (2024 £770,975)

(14) RELATED PARTY DISCLOSURES

During the year, and for the 2024 year, no dividends were paid to the shareholders. At the balance sheet date the company owed a director £2,932 (2024 - £2,132) No interest is charged on any balances outstanding.

All fuel for the directors/shareholders cars are taken on an arms length basis and are paid for at the end of each month.

During the year the company was controlled by Mr and Mrs A J Ruhleman and Mr and Mrs P Ruhleman, its directors and major shareholders equally.

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