REGISTERED NUMBER: 04160471 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

JA Property Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J R Adamson

SECRETARY:

R E Morson

REGISTERED OFFICE:

The Barn Rift Farm

Pittington Lane

Durham

Co Durham

DH6 1BN

REGISTERED NUMBER:

04160471 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

Kepier House

Belmont Business Park

Durham

DH1 1TW

FIXED ASSETS

Tangible assets

4

22,384

31,331

Investment property

5

8,468,850

8,823,551

8,491,234

8,854,882

CURRENT ASSETS

Debtors

6

115,041

119,617

Cash at bank

1,329,711

563,551

1,444,752

683,168

CREDITORS

Amounts falling due within one year

7

(3,713,309

)

(693,691

)

NET CURRENT LIABILITIES

(2,268,557

)

(10,523

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,222,677

8,844,359

CREDITORS

Amounts falling due after more than one year

8

-

(3,258,695

)

PROVISIONS FOR LIABILITIES

10

(308,532

)

(293,234

)

NET ASSETS

5,914,145

5,292,430

CAPITAL AND RESERVES

Called up share capital

11

1

1

Investment property

revaluations

1,012,237

1,012,237

Retained earnings

4,901,907

4,280,192

SHAREHOLDERS' FUNDS

5,914,145

5,292,430

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 26 March 2026 and were signed by:

J R Adamson - Director

1.	STATUTORY INFORMATION

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

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover

Turnover represents net invoiced rents received on investment properties, excluding value added tax.

Income recognition

Rental income is recognised in accordance with the contractual terms of the lease.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are included at cost less accumulated depreciation and impairments.

Investment property

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

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit and 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 December 2024

and 30 November 2025

12,717

42,540

4,449

59,706

DEPRECIATION

At 1 December 2024

5,315

18,611

4,449

28,375

Charge for year

2,965

5,982

-

8,947

At 30 November 2025

8,280

24,593

4,449

37,322

NET BOOK VALUE

At 30 November 2025

4,437

17,947

-

22,384

At 30 November 2024

7,402

23,929

-

31,331

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

8,823,551

Additions

275,138

Disposals

(629,839

)

At 30 November 2025

8,468,850

NET BOOK VALUE

At 30 November 2025

8,468,850

At 30 November 2024

8,823,551

Investment property was valued on an open market basis by the director on 30 November 2025. The director considers that open market value has not changed significantly.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

77,278

98,481

Directors current account

14,000

-

Prepayments and accrued income

23,763

21,136

115,041

119,617

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

3,199,111

348,346

Trade creditors

10,436

4,140

Taxation and social security

356,126

175,791

Accruals and deferred income

147,636

165,414

3,713,309

693,691

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

3,199,112

Accruals and deferred income

-

59,583

-

3,258,695

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

3,199,111

3,547,458

Bank loans are secured by the way of a fixed and floating charge over all property and undertakings of the company.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

308,532

293,234

Deferred

tax

£

Balance at 1 December 2024

293,234

Accelerated capital allowances

15,298

Balance at 30 November 2025

308,532

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2025 and 30 November 2024:

2025

2024

£

£

J R Adamson

Balance outstanding at start of year

-

-

Amounts advanced

14,000

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

14,000

-

13.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group or those at a market rate.

There were no related party transactions other than those concluded under normal market conditions, except for those shown below.

2025

2024

£

£

Amounts due from director

14,000

-

No interest has been charged.