Company registration number 07320014 (England and Wales)
JONES COMMERCIAL LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
JONES COMMERCIAL LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 8
JONES COMMERCIAL LTD
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
9,576,552
9,770,110
Current assets
Debtors
5
249,646
88,922
Cash at bank and in hand
145
141
249,791
89,063
Creditors: amounts falling due within one year
6
(3,681,869)
(4,907,760)
Net current liabilities
(3,432,078)
(4,818,697)
Total assets less current liabilities
6,144,474
4,951,413
Creditors: amounts falling due after more than one year
7
(3,652,246)
(2,390,010)
Provisions for liabilities
(980,653)
(872,647)
Net assets
1,511,575
1,688,756
Capital and reserves
Called up share capital
8
100
100
Revaluation reserve
9
1,542,127
1,484,379
Profit and loss reserves
10
(30,652)
204,277
Total equity
1,511,575
1,688,756

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 28 July 2026
Mr G L Jones
Director
Company registration number 07320014 (England and Wales)
JONES COMMERCIAL LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 2 -
1
Accounting policies
Company information

Jones Commercial Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Lower Chapel Yard Cwmcarn, Cross Keys, Newport, Gwent, Wales, NP11 7NL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. T he company has therefore taken advantage of e xemptions from the following disclosure requirements:

- Section 4 ‘Statement of Financial Position’ – Reconciliation of the opening and closing number of shares;

- Section 7 ‘Statement of Cash Flows’ – Presentation of a statement of cash f low and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues’ – Carrying amounts, interest income/expense and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 26 ‘Share based Payment’ – Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

- Section 33 ‘Related Party Disclosures’ – Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of EJ Industries Limited(09080764). These consolidated financial statements are available from its registered office, Lower Chapel Yard Cwmcarn, Cross Keys, Newport, United Kingdom, NP11 7NL.

1.2
Going concern

At 31 August 2025 the company had net current liabilities of £3,432,078 (2024: £4,818,697). Net current liabilities includes £2,601,360 (2024: £3,825,739) of balances owed to group undertakings. The company is reliant on support from group companies and the directors are satisfied that the support will continue.true

The directors have prepared group cash flow forecasts and are confident that the company will be able to meet its liabilities as they fall due for the foreseeable future and hence it is appropriate to continue to adopt the going concern basis in the preparation of these financial statements.

1.3
Turnover

Turnover represents property and machine rental income excluding value added tax.

JONES COMMERCIAL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 3 -

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold
2% on cost
Plant and machinery
10% on cost
Motor vehicles
25% reducing balance or 10% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

JONES COMMERCIAL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 4 -
1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

1.10

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.

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

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

JONES COMMERCIAL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
2
Judgements and key sources of estimation uncertainty
(Continued)
- 5 -
Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Carrying values of fixed assets

The c arrying value of f ixed assets at 31 August 202 5 was £9,576,552; this includes £3,863,200 of land and buildings. The key uncertainties which require estimation and judgement by management are depreciation rates, asset impairment and residual values, which directly impact the profit or loss recognised on disposal.

Land and buildings were revalued as at 31 August 202 3 and 31 August 202 4 by Knight Frank LLP, independent valuers not connected with the company. Overall the carrying value of the company's tangible fixed assets exceed depreciated historical cost by £1,745,998 (202 4: £1,766,502).

Depreciation is a significant charge in the financial statements with the depreciation charge for the year being £537,042. The judgement required in estimating the useful life of the company's assets poses some risk, however the current depreciation policies appropriately reflect the consumption of the assets concerned.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
4
Tangible fixed assets
Land and buildings Freehold
Plant and machinery
Motor vehicles
Total
£
£
£
£
Cost or valuation
At 1 September 2024
3,970,000
7,501,857
360,724
11,832,581
Additions
-
0
-
0
343,484
343,484
At 31 August 2025
3,970,000
7,501,857
704,208
12,176,065
Depreciation and impairment
At 1 September 2024
27,400
1,805,915
229,156
2,062,471
Depreciation charged in the year
79,400
392,548
65,094
537,042
At 31 August 2025
106,800
2,198,463
294,250
2,599,513
Carrying amount
At 31 August 2025
3,863,200
5,303,394
409,958
9,576,552
At 31 August 2024
3,942,600
5,695,942
131,568
9,770,110
JONES COMMERCIAL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
4
Tangible fixed assets
(Continued)
- 6 -

Freehold land and buildings with a carrying amount of £3,863,200 (2024: £3,942,600) have been pledged to secure borrowings of the company. The company is not allowed to pledge these assets as security for other borrowings or to sell them to another entity.

Land and buildings with a carrying amount of £3,863,200 were revalued at 10 June 2024 by Knight Frank LLP, independent valuers not connected with the company on the basis of market value. The valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar properties.

The following assets are carried at valuation. If the assets were measured using the cost model, the carrying amounts would be as follows:

2025
2024
£
£
Cost
2,777,812
2,777,812
Accumulated depreciation
(660,610)
(601,714)
Carrying value
2,117,202
2,176,098
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,922
1,922
Amounts owed by group undertakings
130,200
87,000
Prepayments and accrued income
117,524
-
0
249,646
88,922
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
201,100
104,154
Obligations under finance leases
795,855
913,875
Trade creditors
16,215
2,670
Amounts owed to group undertakings
2,601,360
3,825,739
Taxation and social security
61,339
55,322
Accruals and deferred income
6,000
6,000
3,681,869
4,907,760

Included in creditors amounts falling due within one year are hire purchase liabilities totalling £795,855 (2024: £913,875) and a bank loan totalling £201,100 (2024: £104,154) which are secured against the assets to which they relate to.

JONES COMMERCIAL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 7 -
7
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
2,427,796
812,777
Obligations under finance leases
1,224,450
1,577,233
3,652,246
2,390,010

Included in creditors amounts falling due after more than one year are hire purchase liabilities totalling £1,224,450 (2024: £1,577,233) and a bank loan totalling £2,427,796 (2024: £812,777) which are secured against the assets to which they relate to.

Amounts included above which fall due after five years are as follows:
Payable by instalments
160,818
315,232
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
98
98
98
98
Ordinary Shares B of £1 each
2
2
2
2
100
100
100
100
9
Revaluation reserve

The revaluation reserve represents the cumulative effect of revaluations of freehold land and buildings of £1,787,006 net of associated deferred tax of £203,871 (202 4: £282,123) and transfer of the excess depreciation on the revalued amount from the profit and loss reserve of £41,008 (202 4: £20,504).

10
Profit and loss reserves

The profit and loss reserve represents cumulative profits or losses, net of dividends paid and other adjustments.

11
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

JONES COMMERCIAL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
11
Audit report information
(Continued)
- 8 -
Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 August 2025 and of its loss for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Mr Paul Byett
Statutory Auditor:
UHY Hacker Young
Date of audit report:
28 July 2026
12
Contingent liabilities

There is an Unlimited Cross Company Guarantee to be given by all the companies in the EJ Industries Limited group to secure all HSBC debt.

13
Capital commitments

Amounts contracted for but not provided in the financial statements:

2025
2024
£
£
Acquisition of tangible fixed assets
-
343,484
14
Related party transactions

The company has taken advantage of the exemption, under the terms of FRS 102 section 33.1A, not to disclose related party transactions with wholly owned subsidiaries within the group.

15
Parent company

The immediate and ultimate parent company is EJ Industries Limited, a company incorporated in England and Wales.

EJ Industries Limited is the parent of the smallest and largest group of which the company is a member and for which consolidated accounts are prepared. Copies of the EJ Industries Limited accounts can be obtained from the company's registered office.

The ultimate controlling party is Mr G L Jones.

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