Company Registration No. SC811991 (Scotland)
Jmcp Property Ltd
Unaudited accounts
for the year ended 31 May 2026
Jmcp Property Ltd
Unaudited accounts
Contents
Jmcp Property Ltd
Company Information
for the year ended 31 May 2026
Company Number
SC811991 (Scotland)
Registered Office
5 South Charlotte Street
Edinburgh
Midlothian
EH2 4AN
Scotland
Accountants
SYKAM & Co Limited
19 Greek Thomson Road
Balfron
Glasgow
G63 0RE
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Jmcp Property Ltd for the year ended 31 May 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Jmcp Property Ltd for the year ended
31 May 2026 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
SYKAM & Co Limited
Chartered Accountants
19 Greek Thomson Road
Balfron
Glasgow
G63 0RE
13 August 2026
Jmcp Property Ltd
Statement of financial position
as at 31 May 2026
Investment property
290,000
282,919
Cash at bank and in hand
138,452
11,860
Creditors: amounts falling due within one year
(300,962)
(301,441)
Net current liabilities
(162,510)
(289,581)
Total assets less current liabilities
127,560
(6,522)
Creditors: amounts falling due after more than one year
(118,499)
-
Provisions for liabilities
Net assets/(liabilities)
7,702
(6,522)
Called up share capital
100
100
Fair value reserve
5,736
-
Profit and loss account
1,866
(6,622)
Shareholders' funds
7,702
(6,522)
For the year ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 August 2026 and were signed on its behalf by
John McPherson
Director
Company Registration No. SC811991
Jmcp Property Ltd
Notes to the Accounts
for the year ended 31 May 2026
Jmcp Property Ltd is a private company, limited by shares, registered in Scotland, registration number SC811991. The registered office is 5 South Charlotte Street, Edinburgh, Midlothian, EH2 4AN, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
3 years straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Jmcp Property Ltd
Notes to the Accounts
for the year ended 31 May 2026
4
Tangible fixed assets
Plant & machinery
Fair value at 1 June 2025
282,919
Net gain from fair value adjustments
7,081
Directors revaluation at 31 May 2026 base on agent valuations received.
Original cost £282,919, revaluation (2026) £7,081, total valuation £290,000.
6
Creditors: amounts falling due within one year
2026
2025
Taxes and social security
424
-
Loans from directors
298,810
299,713
7
Creditors: amounts falling due after more than one year
2026
2025
8
Average number of employees
During the year the average number of employees was 0 (2025: 0).