J.B.H.limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00370375 (England and Wales)

Financial Statements for the Year Ended 31 March 2026

for

J.B.H.limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

M J Johnston

A R E Clifford

M C E Evans

N V Guttridge

SECRETARY:

M J Johnston

REGISTERED OFFICE:

Ashdene House

107 Lavender Sweep

London

SW11 1EA

REGISTERED NUMBER:

00370375 (England and Wales)

AUDITORS:

Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

PROPERTY CONSULTANTS:

Van De Berg Management Ltd

30a Green Lane

Northwood

Middlesex

HA6 2QB

FIXED ASSETS

Investment property

4

3,342,610

3,186,549

CURRENT ASSETS

Debtors

5

92,871

85,917

Cash at bank

386,579

340,846

479,450

426,763

CREDITORS

Amounts falling due within one year

6

154,982

164,958

NET CURRENT ASSETS

324,468

261,805

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,667,078

3,448,354

PROVISIONS FOR LIABILITIES

8

315,849

265,564

NET ASSETS

3,351,229

3,182,790

CAPITAL AND RESERVES

Called up share capital

9

200,000

Non-distributable reserves

10

1,471,387

1,101,063

Capital reserves

10

1,325,706

Retained earnings

10

354,136

556,021

SHAREHOLDERS' FUNDS

3,351,229

3,182,790

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 August 2026 and were signed on its behalf by:

M J Johnston - Director

1.	STATUTORY INFORMATION

J.B.H.limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The directors believe that the company will continue to be profitable and will have adequate resources in order to pay all of its creditors as they fall due for the foreseeable future and for at least 12 months from the date of signing of these financial statements.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions which impact on the carrying amounts of assets and liabilities. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

Valuation of investment properties:

The valuation of the investment properties is on the basis of a valuation carried out by the directors of the company. The valuation was made on an open market basis by reference to market evidence of transaction prices of similar properties.

Rental income

Rental income under operating leases is charged to the profit and loss account on a straight-line basis over the period of the lease.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. Provision is made for potential tax due on the revalued amount of the freehold property.

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 end 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.

Investment property

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102 1A. The directors consider that, as these properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view, and that it is necessary to adopt the investment policy under FRS 102 1A in order to give a true and fair view as follows:

Properties are initially recognised at cost, and subsequently revalued to fair value at each reporting date through the income statement.

If this departure from the Act had not been made, the profit for the financial year would have been decreased by depreciation. However, the amount of depreciation cannot be reasonably quantified because depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Capital reserve

Although the company does not fulfil all the criteria to be classified as an investment company, profits arising from the disposal of properties are held within a separate capital reserve. Accordingly the directors are of opinion that this treatment of profits and losses on certain property disposals is appropriate to the company's circumstance and is necessary in order to present a true and fair view.

Equity instruments

The called up share capital is recognised at the value of cash receivable on being fully paid. Dividends are paid to the shareholders at the discretion of the directors.

Fixed asset investments

The fixed asset investments are included at fair value and revalued through the profit and loss.

Revaluation reserve movement

The movement in the revaluation reserve shown on the Statement of Changes in Equity is due to the transfer of the investment property and fixed asset investment revaluations and the associated deferred tax movement from distributable retained earnings to the non-distributable revaluation reserve.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 4 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

3,186,549

Revaluations

156,061

At 31 March 2026

3,342,610

NET BOOK VALUE

At 31 March 2026

3,342,610

At 31 March 2025

3,186,549

The value of the investment properties are based on the estimated open market values. The directors of the company who have significant knowledge of the property market have reviewed values at 31 March 2026 and confirmed they are accurate at this date.

Fair value at 31 March 2026 is represented by:

£

Valuations

1,787,231

Cost

1,555,379

3,342,610

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Other debtors

85,098

64,896

Prepayments and accrued income

7,773

21,021

92,871

85,917

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade creditors

1,260

11,404

Tax

55,514

41,648

Social security and other taxes

7,399

16,736

Other creditors

22,433

21,152

Income in advance

44,992

51,188

Accrued expenses

23,384

22,830

154,982

164,958

7.	LEASING AGREEMENTS

Operating leases represent leases to third parties. The leases are negotiated over terms of between 5 and 20 years and are subject to provisions for rent reviews according to prevailing market conditions.

At the year end date the company held non-cancellable operating leases with tenants specifying minimum lease payments amounting to £1,159,667 (2025 - £1,392,367).

8.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

Deferred tax

315,849

265,564

Deferred

tax

£

Balance at 1 April 2025

265,564

Property revaluation

50,126

Accelerated capital allowances

159

Balance at 31 March 2026

315,849

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

200,000

Ordinary

£1

200,000

The company has one class of ordinary share which carry full voting rights.

10.

RESERVES

Retained

Non-distributable

Capital

earnings

reserves

Totals

£

At 1 April 2025

556,021

1,101,063

1,325,706

2,982,790

Profit for the year

274,439

Dividends

(106,000

)

(106,000

)

Transfer to non distributable

reserve

(370,324

)

370,324

-

At 31 March 2026

354,136

1,471,387

1,325,706

3,151,229

Non distributable retained earnings relates to the revaluation gain on investment properties held in the company less a provision for potential tax arising on a future sale of the properties.

The capital reserve is made up of the accumulated profits on disposal of properties.

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Denise Lindsell FCA (Senior Statutory Auditor)

for and on behalf of Hardcastle Burton LLP

12.	OFF-BALANCE SHEET ARRANGEMENTS

Of the investment properties included in the accounts at a valuation of £3,342,610 (2025 - £3,186,549), £1,667,583 (2025 - £1,550,855) are held by way of long leaseholds. The risks and rewards of the long leaseholds are all with the company.

The investment properties held by the company including those held by way of long leaseholds are all leased to tenants under operating leases.

13.	RELATED PARTY DISCLOSURES

During the year, total dividends of £22,303 (2025: £22,303) were paid to the directors.

14.	ULTIMATE CONTROLLING PARTY

There is no one controlling party.

15.	OTHER OPERATING INCOME

During the year the company received £50,000 (2025: £Nil) in respect of assessed dilapidations which is shown in other operating income.