Jess Spearing Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10462290 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

JESS SPEARING PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J C Spearing

SECRETARY:

J C Spearing

REGISTERED OFFICE:

1 Brook Court

Blakeney Road

Beckenham

Kent

BR3 1HG

REGISTERED NUMBER:

10462290 (England and Wales)

ACCOUNTANTS:

Maths Partnership

1 Brook Court

Blakeney Road

Beckenham

Kent

BR3 1HG

FIXED ASSETS

Tangible assets

4

1,213

434

Investment property

5

2,509,563

2,050,000

2,510,776

2,050,434

CURRENT ASSETS

Debtors

6

1,552

857

Cash at bank and in hand

8,874

11,116

10,426

11,973

CREDITORS

Amounts falling due within one year

7

669,100

232,728

NET CURRENT LIABILITIES

(658,674

)

(220,755

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,852,102

1,829,679

CREDITORS

Amounts falling due after more than one year

8

(1,014,019

)

(1,014,019

)

PROVISIONS FOR LIABILITIES

(201,678

)

(201,530

)

NET ASSETS

636,405

614,130

CAPITAL AND RESERVES

Called up share capital

100

Fair value reserve

10

604,345

Retained earnings

31,960

9,685

636,405

614,130

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 director acknowledges his 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 Profit And Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 June 2026 and were signed by:

J C Spearing - Director

1.	STATUTORY INFORMATION

Jess Spearing Properties Limited 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.

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 represents rents receivable.

Tangible fixed assets

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

Computers, fixtures & equipment

-

25% on reducing balance

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit And Loss Account, 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 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Computers,

fixtures

& equipment

£

COST

At 1 January 2025

579

Additions

1,183

At 31 December 2025

1,762

DEPRECIATION

At 1 January 2025

145

Charge for year

404

At 31 December 2025

549

NET BOOK VALUE

At 31 December 2025

1,213

At 31 December 2024

434

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

2,050,000

Additions

459,563

At 31 December 2025

2,509,563

NET BOOK VALUE

At 31 December 2025

2,509,563

At 31 December 2024

2,050,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2025

805,793

Cost

1,703,770

2,509,563

If investment property had not been revalued they would have been included at the following historical cost:

31.12.25

31.12.24

£

Cost

1,703,770

1,244,207

Investment properties were valued on an open market basis on 31 December 2025 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Other debtors

1,552

857

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade creditors

3,120

1,618

Amounts owed to associates

70,934

58,600

Taxation and social security

5,077

1,672

Other creditors

589,969

170,838

669,100

232,728

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

Bank loans

1,014,019

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,014,019

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

Bank loans

1,014,019

The bank loans are secured on the company's investment property it owns. They are interest only and repayable in 2048.

10.

RESERVES

Fair

value

reserve

£

At 1 January 2025

and 31 December 2025

604,345