Company registration number 06949967 (England and Wales)
J & C TURNER PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
J & C TURNER PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
J & C TURNER PROPERTIES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
500
996
Investment property
4
2,961,992
3,481,670
Investments
5
1
3
2,962,493
3,482,669
Current assets
Debtors
7
8,564
4,877
Investments
8
997,709
-
0
Cash at bank and in hand
237,895
829,220
1,244,168
834,097
Creditors: amounts falling due within one year
9
(80,164)
(290,669)
Net current assets
1,164,004
543,428
Total assets less current liabilities
4,126,497
4,026,097
Creditors: amounts falling due after more than one year
10
(2,427,562)
(2,475,454)
Provisions for liabilities
(13,484)
(30,701)
Net assets
1,685,451
1,519,942
Capital and reserves
Called up share capital
11
100
100
Non-distributable profits reserve
12
53,435
91,357
Distributable profit and loss reserves
13
1,631,916
1,428,485
Total equity
1,685,451
1,519,942

The notes on pages 3 to 8 form part of these financial statements.

J & C TURNER PROPERTIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2026
31 March 2026
- 2 -

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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

The financial statements were approved by the board of directors and authorised for issue on 7 July 2026 and are signed on its behalf by:
Mrs C G Turner
Mr J G Turner
Director
Director
Company registration number 06949967 (England and Wales)
J & C TURNER PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 3 -
1
Accounting policies
Company information

J & C Turner Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 382 Charminster Road, Bournemouth, Dorset, BH8 9SA.

1.1
Basis of preparation

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, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover represents amounts receivable from operating leases net of VAT and is recognised at the fair value of the consideration received or receivable in the normal course of business. Rents receivable under leases are charged against income on a straight line basis over the lease term.

The company recognises revenue from the following major sources:

- Renting of properties

1.3
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:

Plant and equipment
10% on cost
Computers
33% 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.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

J & C TURNER PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 4 -
1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, 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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts 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.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

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

J & C TURNER PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 5 -
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.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

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

2026
2025
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2025 and 31 March 2026
6,457
Depreciation and impairment
At 1 April 2025
5,461
Depreciation charged in the year
496
At 31 March 2026
5,957
Carrying amount
At 31 March 2026
500
At 31 March 2025
996
J & C TURNER PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 6 -
4
Investment property
2026
£
Fair value
At 1 April 2025
3,481,669
Additions
20,985
Disposals
(490,100)
Revaluations
(50,562)
At 31 March 2026
2,961,992

Investment property comprises a portfolio of freehold residential properties held for lettings and investment. An adjustment has been included for the fair value movement on investment properties.

5
Fixed asset investments
2026
2025
£
£
Shares in group undertakings and participating interests
1
3

The company holds 3 £1 Ordinary Shares in The Willows (Pimperne) Management Company Limited, a UK based company involved in residential property management. The shareholding gives J & C Turner Properties Limited a 20% interest in the associated company.

Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 April 2025
3
Disposals
(2)
At 31 March 2026
1
Carrying amount
At 31 March 2026
1
At 31 March 2025
3
6
Financial instruments
2026
2025
£
£
Carrying amount of financial assets include:
Instruments measured at fair value through profit or loss
997,709
-
J & C TURNER PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 7 -
7
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
6,559
3,214
Other debtors
2,005
1,663
8,564
4,877
8
Current asset investments
2026
2025
£
£
Other investments
997,709
-
0
9
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
-
0
443
Corporation tax
57,638
65,809
Other creditors
22,526
224,417
80,164
290,669
10
Creditors: amounts falling due after more than one year
2026
2025
£
£
Other creditors
2,427,562
2,475,454
11
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Class A Ordinary shares of £1 each
29
100
29
100
Class B Ordinary shares of £1 each
26
0
26
-
0
Class C Ordinary shares of £1 each
15
0
15
-
0
Class D Ordinary shares of £1 each
15
0
15
-
0
Class E Ordinary shares of £1 each
15
0
15
-
0
100
100
100
100
J & C TURNER PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 8 -
12
Non-distributable profits reserve
2026
2025
£
£
At the beginning of the year
91,357
167,200
Non distributable profits in the year
(37,922)
(75,843)
At the end of the year
53,435
91,357
13
Profit and loss reserves
2026
2025
£
£
At the beginning of the year
1,428,485
1,246,197
Profit for the year
183,509
106,444
Current year profits transferred to non-distributable reserve
37,922
75,843
Dividends declared and paid in the year
(18,000)
-
At the end of the year
1,631,916
1,428,485
14
Related party transactions
2026
2025
Amounts due to related parties
£
£
Key management personnel
2,097,143
2,147,143
Other related parties
330,311
329,013
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