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Registration number: 12265139

Just Properties Direct Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 October 2025

Just Properties Direct Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 6

Just Properties Direct Limited

Company Information

Director | Mr J Garland

Registered office | 54 Rosefinch Way Blackpool Lancashire FY3 9NY

Accountants | Red Dot Accountants Ltd 15 Olympic Court Whitehills Business Park Blackpool Lancashire FY4 5GU

Just Properties Direct Limited

(Registration number: 12265139)
Balance Sheet as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 1,490,000 | 1,816,000
Current assets |  |  |
Stocks | 5 | 379,018 | -
Cash at bank and in hand |  | 7,245 | 42,845
|  | 386,263 | 42,845
Creditors: Amounts falling due within one year | 6 | (545,715) | (574,050)
Net current liabilities |  | (159,452) | (531,205)
Total assets less current liabilities |  | 1,330,548 | 1,284,795
Creditors: Amounts falling due after more than one year | 6 | (1,311,797) | (1,201,147)
Provisions for liabilities |  | - | (14,400)
Net assets |  | 18,751 | 69,248
Capital and reserves |  |  |
Called up share capital | 7 | 1 | 1
Revaluation reserve |  | 41,419 | 123,543
Retained earnings |  | (22,669) | (54,296)
Shareholders' funds |  | 18,751 | 69,248

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 July 2026

......................................... Mr J Garland Director

Just Properties Direct Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
54 Rosefinch Way
Blackpool
Lancashire
FY3 9NY

These financial statements were authorised for issue by the director on 28 July 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the rents receivable for the period from residential properties in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the Director. The Director uses observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Just Properties Direct Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Borrowings

Interest-bearing borrowings are recorded at fair value, net of transaction costs.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 0).

4 | Investment properties

| 2025 £
At 1 November | 1,816,000
Disposals | (260,000)
Fair value adjustments | (66,000)
At 31 October | 1,490,000

There has been no valuation of investment property by an independent valuer.

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 379,018 | -

Just Properties Direct Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 6,300 | 6,300
Accruals and deferred income |  | 5,698 | 5,571
Other creditors |  | 533,717 | 562,179
|  | 545,715 | 574,050

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 1,311,797 | 1,201,147

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 1 | 1 | 1 | 1

8 | Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

| Revaluation reserve £ | Total £
Surplus/deficit on property, plant and equipment revaluation | (82,124) | (82,124)

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

| Revaluation reserve £ | Total £
Surplus/deficit on property, plant and equipment revaluation | 123,543 | 123,543

Just Properties Direct Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 1,311,797 | 1,201,147

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 6,300 | 6,300