General Information
J Mould Property Limited is a private company, limited by shares, registered in England and Wales, registration number 00983778, registration address Merlin House, Brunel Road, Theale, Reading, Berkshire, RG7 4AB. The trading address of the company is 1 Pingewood Close , Burghfield, Reading, RG30 8HN.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
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)
Going concern basis
The company meets its day to day working capital requirements partially through the support of its director, creditors and bankers. The director has considered the projected trading activities of the company during the foreseeable post year-end period. Post year end the company has sold most of its property portfolio which has generated sufficient funds to settle the bank borrowings. On the basis of this review the director considers the company will continue to operate within the available finance facilities. However the margin of finance facilities over requirements is not large and inherently there can be no certainty in relation to this matter. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the company's creditors or bankers.
Turnover
Turnover comprises net invoiced rental charges receivable net of value added tax and the sale of buildings on completion.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income, 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 taxation
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 and 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.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in profit or loss.
If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.
| Land and Buildings |
2% Straight Line |
| Plant and Machinery |
25% Reducing Balance
|
| Motor Vehicles |
25% Straight Line
|
| Fixtures and Fittings |
25% Reducing Balance
|
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties are recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Stocks
Stocks comprise trading properties which are either completed or in the course of construction and which are held for resale and are valued at the lower of cost and market value.
Buildings that are reclassified from current assets to fixed assets, as business premises, are done so at current market value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
Preference shares
The company's preference shares are treated as a financial liability since they are subject to mandatory redemption for a fixed or determinable amount at a fixed or determinable time and are thus included in creditors in the statement of financial position rather than as part of the company's issued share capital.
|
| 2. |
Average number of employees
Average number of employees during the year was 2 (2024 : 2).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Land and Buildings |
|
Plant and Machinery |
|
Motor Vehicles |
|
Fixtures and Fittings |
|
Investment properties |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 October 2024 |
4,144,383 |
|
594,141 |
|
19,195 |
|
12,454 |
|
305,096 |
|
5,075,269 |
| Additions |
- |
|
- |
|
- |
|
- |
|
- |
|
- |
| Disposals |
(3,934,299) |
|
- |
|
- |
|
(12,454) |
|
- |
|
(3,946,753) |
| At 30 September 2025 |
210,084 |
|
594,141 |
|
19,195 |
|
- |
|
305,096 |
|
1,128,516 |
| Depreciation |
| At 01 October 2024 |
452,034 |
|
594,141 |
|
19,195 |
|
12,454 |
|
- |
|
1,077,824 |
| Charge for year |
- |
|
- |
|
- |
|
- |
|
- |
|
- |
| On disposals |
(452,034) |
|
- |
|
- |
|
(12,454) |
|
- |
|
(464,488) |
| At 30 September 2025 |
- |
|
594,141 |
|
19,195 |
|
- |
|
- |
|
613,336 |
| Net book values |
| Closing balance as at 30 September 2025 |
210,084 |
|
- |
|
- |
|
- |
|
305,096 |
|
515,180 |
| Opening balance as at 01 October 2024 |
3,692,349 |
|
- |
|
- |
|
- |
|
305,096 |
|
3,997,445 |
|
| 4. |
Stocks
|
2025
£ |
|
2024
£ |
| Work in Progress |
0 |
|
2,517,736 |
|
0 |
|
2,517,736 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
1,483 |
|
214,428 |
| Prepayments & Accrued Income |
0 |
|
35,525 |
| Other Debtors |
2,632,500 |
|
0 |
| VAT |
4,842 |
|
0 |
|
2,638,825 |
|
249,953 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
21,886 |
|
49,346 |
| Bank Loans & Overdrafts (Secured) |
0 |
|
3,349,312 |
| Corporation Tax |
0 |
|
22,667 |
| PAYE & Social Security |
0 |
|
36,677 |
| Accrued Expenses |
41,748 |
|
115,212 |
| Other Creditors |
315,496 |
|
241,987 |
| Directors' Current Accounts |
413,755 |
|
0 |
|
792,885 |
|
3,815,201 |
|
| 7. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Directors' Loan Accounts |
0 |
|
413,755 |
|
0 |
|
413,755 |
|
| 8. |
Revaluation Reserves
|
2025
£ |
|
2024
£ |
| Revaluation Reserve b/fwd |
0 |
|
2,551,476 |
| Revaluation of Fixed Assets |
0 |
|
(703,843) |
|
0 |
|
1,847,633 |
|
| 9. |
Ultimate controlling party
The company is under the control of its director J Mould by virtue of his shareholding in the company.
|
2
|