J & J Properties Group Ltd - Filleted accounts

Registered number

12397447

J & J Properties Group Ltd

Filleted Accounts

31 January 2026

J & J Properties Group Ltd
Registered number:		12397447
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		5,476,200			5,476,200

Current assets
Debtors	4	21,002			1,244
Cash at bank and in hand		68,679			16,111
		89,681			17,355

Creditors: amounts falling due within one year	5	(2,240,089)			(2,178,455)

Net current liabilities			(2,150,408)			(2,161,100)

Total assets less current liabilities			3,325,792			3,315,100

Creditors: amounts falling due after more than one year	6		(2,418,466)			(2,546,834)



Net assets			907,326			768,266

Capital and reserves
Called up share capital			2			2
Profit and loss account			907,324			768,264

Shareholders' funds			907,326			768,266

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Joseph Blair
Director
Approved by the board on 3 July 2026

J & J Properties Group Ltd
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years unless held as Investment Property

	Investment Property
	Change in Policy During the year ended 31 January 2025, the company changed its accounting policy for investment properties. Previously, investment properties were measured at cost and depreciated over 50 years. The company now measures investment properties at fair value in accordance with FRS 102 Section 16 Investment Property. Changes in fair value are recognised in profit or loss in the period in which they arise. Reason for Change The directors consider that the fair value model provides more relevant and reliable information about the company’s financial position and performance, as it reflects current market conditions rather than historical cost. Impact on Prior Periods The company has not restated prior-year figures because it is impracticable to determine fair values for investment properties as at previous reporting dates without undue cost or effort. In accordance with FRS 102 Section 10 Accounting Policies, Estimates and Errors, when retrospective application is impracticable, the new policy is applied prospectively from the start of the current financial year.

	Effect of Change in Current Year		£
	Carrying amount under previous policy		5,476,200
	Fair value at 31 January 2026		5,476,200
	Fair value gain recognised in profit or loss		-

	Comparative Figures
	Comparative figures for the year ended 31 January 2025 have not been restated and continue to reflect the previous accounting policy (cost model). The carrying amount of investment properties at 31 January 2025 was £5,476,200.

	Valuation of Investment Properties
	The fair value of investment properties at 31 January 2025 has been determined by McGeehan Chartered Surveyors FRICS, an independent valuer who is a member of the Royal Institution of Chartered Surveyors (RICS). The valuation was based on market evidence of transaction prices for similar properties and reflects current market conditions. No significant assumptions other than observable market data were applied.

	Updated policy
	Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are measured at fair value at each reporting date, with changes in fair value recognised in profit or loss. No depreciation is charged on investment properties carried at fair value.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		0		0


3	Tangible fixed assets
					Land and buildings
£
	Cost
	At 1 February 2025				5,476,200
	At 31 January 2026				5,476,200

	Depreciation
	At 31 January 2026				-

	Net book value
	At 31 January 2026				5,476,200
	At 31 January 2025				5,476,200


4	Debtors		2026		2025
£				£

	Trade debtors		21,000		-
	Other debtors		2		1,244
			21,002		1,244


5	Creditors: amounts falling due within one year		2026		2025
£				£

	Bank loans and overdrafts		162,260		162,260
	Trade creditors		41		41
	Amounts owed to group undertakings and undertakings in which the company has a participating interest		1,944,852		1,944,852
	Taxation and social security costs		11,275		27,966
	Other creditors		121,661		43,336
			2,240,089		2,178,455


6	Creditors: amounts falling due after one year		2026		2025
£				£

	Bank loans		2,418,466		2,546,834


7	Related party transactions

	The company has received a loan from an associated company, MBC Timberframe (UK) Ltd to the amount of £1,944,852 at the year end. The balance at the start of the year was £1,944,852. The loans are interest free and repayable on demand. The companies are associated by way of common control. MBC Timberframe (UK) Ltd also provides an omnibus guarantee and set-off agreement to Lloyds Bank PLC on loans held by J&J Properties Group Ltd and has provided a debenture to Lloyds Bank PLC by way of a fixed and floating charge over the property and assets of that company.


8	Other information

	J & J Properties Group Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Quedgeley Court
	Shepherd Road
	Gloucester
	GL2 5EL