J K Holdings Limited - Filleted accounts

Registered number

01055142

J K Holdings Limited

Filleted Accounts

31 December 2025

J K Holdings Limited
Registered number:		01055142
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		23			30
Investments	4		4,766,885			4,969,052
			4,766,908			4,969,082

Current assets
Debtors	5	99,797			75,168
Investments held as current assets - at cost	6	3,450			3,450
Cash at bank and in hand		446			19,626
		103,693			98,244

Creditors: amounts falling due within one year	7	(248,664)			(233,992)

Net current liabilities			(144,971)			(135,748)

Total assets less current liabilities			4,621,937			4,833,334

Creditors: amounts falling due after more than one year	8		(1,838,958)			(1,987,964)

Provisions for liabilities - deferred tax			(829,482)			(828,256)


Net assets			1,953,497			2,017,114

Capital and reserves
Called up share capital			100			100
Profit and loss account			1,953,397			2,017,014

Shareholders' funds			1,953,497			2,017,114	-


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.


J W Kiernan			S J Loveday
Director			Director
Approved by the board on 28 July 2026

J K Holdings Limited
Notes to the Accounts
for the year ended 31 December 2025

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 management services provided to it's subsidiary companies and rent receivable from property let to the companies.

	Investment in subsidiaries
	Investment in subsidiaries are accounted for at cost less impairment in the financial statements.

	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:

	Plant and equipment		25% reducing balance basis

	Freehold investment properties
	Investment Properties are revalued annually and any surplus or deficit dealt with through profit and loss. No depreciation is provided in respect of Investment Properties.

	Impairment of assets
	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 the 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 carry 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.

	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.

	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				2025		2024
Number						Number

	Average number of persons employed by the company				1		4


3	Tangible fixed assets
£								£
	Cost
	At 1 January 2025						4,520
	At 31 December 2025						4,520

	Depreciation
	At 1 January 2025						4,490
	Charge for the year						7
	At 31 December 2025						4,497

	Net book value
	At 31 December 2025						23
	At 31 December 2024						30



4	Fixed Asset Investments
			Freehold Investment property		Investments in subsidiary undertakings		Total
£				£		£
	At Fair Value
	At 1 January 2025		4,448,528		1,170,524		5,619,052
	Additions		-		177,833		177,833
	Revaluation		-		-		-
	Disposals		-		-		-
	Irrecoverable Loans - written off - Essex Restaurants Ltd		-		(30,000)		(30,000)
	At 31 December 2025		4,448,528		1,318,357		5,766,885

	Provisions
	At 1 January 2025		-		(650,000)		(650,000)
	Impairment Loss for the year		-		(350,000)		(350,000)
	At 31 December 2025		-		(1,000,000)		(1,000,000)

	Net book value
	At 31 December 2025		4,448,528		318,357		4,766,885
	At 31 December 2024		4,448,528		520,524		4,969,052


	Investment Properties
	The Freehold Investment Property in Heybridge (Hotel and Restaurant) was professionally valued in October 2021 by Christie & Co, Chartered Surveyors. The Company sold a 38% share in the Hotel in February 2022 at market value. A second Freehold Property (Garden Centre) was also professionally valued in August 2021 by Christie & Co, Chartered Surveyors. Based on the above mentioned valuations, the Directors are of the opinion that the Fair Value of the Investment Properties was £682,000 (Hotel - 62% share) and £3,766,528 (Garden Centre) - the total being valued £4,448,528 as at 31 December 2025. The original cost of both Investment Properties at 31 December 2025 was £936,442 (2024: £936,442).

	Investment in Subsidiary Undertakings						Investments	Investments
Cost less Impairment								Cost less Impairment
£								£

	Shares in group undertakings at cost						390
	Loans to group undertaking - Le Bouchon Hotel Ltd						317,967

	At 31 December 2025						318,357

	Subsidiaries	Shares held			Proportion		Loans after
		Class	Number		held		Impairment & write offs
	The Maldon Garden Centre Ltd	Ordinary	170		85%		-
	Essex Restaurants Ltd	Ordinary	100		100%		-
	Le Bouchon Hotel Ltd	Ordinary	120		80%		317,967
			390				317,967
	All of the subsidiaries were incorporated in the UK.

		Nature of business
	The Maldon Garden Centre Ltd	Garden Centre and Nursery
	Essex Restaurants Ltd	Restaurant (ceased trade in December 2021)
	Le Bouchon Hotel Ltd	Restaurant and Hotel


5	Debtors				2025		2024
£						£

	Subsidary - The Maldon Garden Centre Ltd				46,770		46,936
	Trade debtors				44,640		14,880
	Amounts owed by Benbridge Management Ltd (note 10)				8,387		8,387
	Prepayments				-		4,965
					99,797		75,168

6	Investments - Current
	The Listed Shares are held at a Cost of £3,450 in Nat West Bank Plc. The market value of those shares was £8,004 as at 7/4/2026.


7	Creditors: amounts falling due within one year				2025		2024
£						£

	Bank overdraft and loans	(Secured)			137,975		136,475
	Corporation tax				24,214		2,583
	Other taxes and social security costs				18,203		26,957
	Directors' loan accounts				4,854		5,154
	Loan from Jonathan Kiernan (connected)				45,000		45,000
	Other creditors				18,418		17,823
					248,664		233,992


8	Creditors: amounts falling due after one year				2025		2024
£						£

	Bank loans (Secured)				1,838,958		1,987,964


	The Company agreed a Bank Loan with Nat West Bank in November 2021. The Bank Loan was in the sum of £2,500,000, secured on the Company assets. The initial loan repayments were £19,126.83 per month over a period of 180 months at an initial fixed rate of 4.53%.

9	Pension commitments

	The Company makes contributions to the Director's personal pension plans, the assets of which are held seperately from those of the Company. The pension cost charge to the profit and loss account of £600 (2024: £500) represents payments to those plans.

10	Group accounts

	The accounts present information about the parent company, J K Holdings Ltd, as an individual undertaking and not about its group. Group accounts have not been prepared as the parent and its subsidiaries are exempt from the requirement as they form a Small Group.

11	Related party transactions and subsidiaries

	J W Kiernan owns 65% of the ordinary share capital of this company and is connected with the following companies:-

	Le Bouchon Hotel Ltd (subsidiary)
	J K Holdings Ltd owns 80% of the controlling ordinary share capital of Le Bouchon Hotel Ltd. Loans due from Subsidiary at 31/12/25 were £1,317,967 before an Impairment adjustments of £1,000,000. The Subsidiary accounts showed significant Net Liabilities at 31/12/2025, but it continues to be supported by the Holding Company.

	The Maldon Garden Centre Ltd (subsidiary)
	J K Holdings Ltd owns 85% of the Ordinary share capital of The Maldon Garden Centre Ltd. Management charges of £300,000 (2024: £300,000) and rent £60,000 (2024: £60,000) were receivable from the Subsidiary. A dividend was also receivable from The Maldon Garden Centre Ltd of £211,000 for 2025 - (2024: £112,500). At 31/12/2025 the Subsidary owed to J K Holdings Ltd £46,770.

	Essex Restaurants Ltd (subsidiary)
	J K Holdings Ltd owns 100% of the controlling ordinary share capital of Essex Restaurants Ltd. J K Holdings Ltd made further loans to Essex Restaurants Ltd during the year of £30,000 to assist with the settlement of various operating liabilities incurred by the previous business, which has now ceased.This debt was written off as irrecoverable.

	Benbridge Management Ltd
	J W Kiernan owns 100% of the ordinary share capital of Benbridge Management Ltd. At 31/12/2025 Benbridge Management Ltd owed to J K Holdings Ltd £8,387 (2024: £8,387)
12	Controlling party

	For the whole of the year the Company was under the control of J W Kiernan, a Director of the Company. He holds 65% of the issued share capital. Mrs S Kiernan owns the remaining 35% of the Share Capital.

13	Registration of Charge

	Natwest bank has secured its loan by Registered Fixed and Floating Charges over the company assets.

14	Operating lease commitments

	Total future minimum lease payments under non-cancellable operating leases are as follows:-

					2025		2024
£						£
	Operating leases which expire:-
	Within 1 year				-		14,778
	2 - 5 years				-		27,670
					-		42,448

15	Other information

	J K Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Victoria House
	88 The Causeway
	Maldon
	Essex
	CM9 4LL