REGISTERED NUMBER: 13096551 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

J & B HOMES LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

B Eales

J L Hollingsworth

REGISTERED OFFICE:

Fulford House

Newbold Terrace

Leamington Spa

Warwickshire

CV32 4EA

REGISTERED NUMBER:

13096551 (England and Wales)

ACCOUNTANTS:

TGFP

Chartered Accountants

Fulford House

Newbold Terrace

Leamington Spa

Warwickshire

CV32 4EA

FIXED ASSETS

Tangible assets

4

491

-

Investment property

5

346,053

325,000

346,544

325,000

CURRENT ASSETS

Stocks

-

236,999

Cash at bank

229,736

56,561

229,736

293,560

CREDITORS

Amounts falling due within one year

6

157,109

153,871

NET CURRENT ASSETS

72,627

139,689

TOTAL ASSETS LESS CURRENT LIABILITIES

419,171

464,689

CREDITORS

Amounts falling due after more than one year

7

(234,922

)

(334,751

)

PROVISIONS FOR LIABILITIES

(32,844

)

(31,536

)

NET ASSETS

151,405

98,402

CAPITAL AND RESERVES

Called up and paid share capital

100

100

Reval'n reserve

9

101,978

71,820

Retained earnings

49,327

26,482

151,405

98,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

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.

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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 June 2026 and were signed on its behalf by:

J L Hollingsworth - Director

B Eales - Director

1.	STATUTORY INFORMATION

J & B Homes Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

20% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

639

At 31 December 2025

639

DEPRECIATION

Charge for year

148

At 31 December 2025

148

NET BOOK VALUE

At 31 December 2025

491

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

325,000

Additions

21,053

At 31 December 2025

346,053

NET BOOK VALUE

At 31 December 2025

346,053

At 31 December 2024

325,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2024

325,000

Valuation in 2025

21,053

346,053

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

13,267

411

Other creditors

143,842

153,460

157,109

153,871

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

234,922

334,751

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

234,922

334,751

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

234,922

-

The bank loan is secured by CHL Mortgages for Intermediaries Limited against the property held at 2B Holden Grove.

9.

RESERVES

Reval'n

reserve

£

At 1 January 2025

71,820

Transfer

30,158

At 31 December 2025

101,978