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Registration number: NI666407

JEDP LTD
Annual Report and Unaudited Financial Statements
for the Year Ended 31 December 2025

JEDP LTD

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 5

JEDP LTD

(Registration number: NI666407)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 6,782 | 7,181
Investment property | 5 | 2,275,000 | 1,850,000
|  | 2,281,782 | 1,857,181
Current assets |  |  |
Debtors | 6 | 23,908 | 44,317
Cash at bank and in hand |  | 58,186 | 166,485
|  | 82,094 | 210,802
Creditors: Amounts falling due within one year | 7 | (1,267,309) | (1,490,671)
Net current liabilities |  | (1,185,215) | (1,279,869)
Total assets less current liabilities |  | 1,096,567 | 577,312
Provisions for liabilities |  | (1,696) | (1,795)
Net assets |  | 1,094,871 | 575,517
Capital and reserves |  |  |
Called up share capital | 8 | 100 | 100
Revaluation reserve |  | 396,233 | -
Retained earnings |  | 698,538 | 575,417
Shareholders' funds |  | 1,094,871 | 575,517

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 July 2026 and signed on its behalf by:

......................................... Desmond P O'Kane Director

JEDP LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
c/o 51-53 Thomas Street
Ballymena
Co Antrim
BT43 6AZ

The principal place of business is:
110a Galgorm Road
Ballymena
Co Antrim
BT42 1AE

These financial statements were authorised for issue by the Board on 31 July 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

JEDP LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

JEDP LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4 | Tangible assets

| Other tangible assets £ | Total £
Cost or valuation
At 1 January 2025 | 7,979 | 7,979
At 31 December 2025 | 7,979 | 7,979
Depreciation
At 1 January 2025 | 798 | 798
Charge for the year | 399 | 399
At 31 December 2025 | 1,197 | 1,197
Carrying amount
At 31 December 2025 | 6,782 | 6,782
At 31 December 2024 | 7,181 | 7,181

5 | Investment properties

| 2025 £
At 1 January | 1,850,000
Additions | 28,767
Fair value adjustments | 396,233
At 31 December | 2,275,000

The investment properties were valued by an independent valuer when they were transferred from the partnership on 1st January 2020. The directors undertook a revaluation of the investment properties at 31st December 2025. The directors are of the opinion that the investment properties are stated at a fair value.

JEDP LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 21,530 | 38,410
Prepayments | 2,378 | 5,907
| 23,908 | 44,317

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 7,133 | 4,874
Taxation and social security | 45,772 | 50,645
Accruals and deferred income | 2,000 | 1,800
Other creditors | 1,212,404 | 1,433,352
| 1,267,309 | 1,490,671

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

9 | Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

| Revaluation reserve £ | Total £
Surplus/deficit on property, plant and equipment revaluation | 396,233 | 396,233