Registration number: 08180971

JSS (North Downs) Limited

Statement of Financial Position as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	14,476	16,768
Current assets
Debtors	5	123,349	26,737
Cash at bank and in hand		109,371	342,497
		232,720	369,234
Creditors: Amounts falling due within one year	6	(66,854)	(124,065)
Net current assets		165,866	245,169
Total assets less current liabilities		180,342	261,937
Creditors: Amounts falling due after more than one year	6	(17,593)	(22,412)
Provisions for liabilities		-	(375)
Net assets		162,749	239,150
Capital and reserves
Called up share capital		392	392
Retained earnings		162,357	238,758
Shareholders' funds		162,749	239,150

For the financial year ending 31 March 2026 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of JSS (North Downs) Limited have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

JSS (North Downs) Limited

Statement of Financial Position as at 31 March 2026

Approved and authorised by the Board on 4 August 2026 and signed on its behalf by:
 

.........................................

Mr A J King

Director

.........................................

Mr P J Ballard

Director

Company registration number: 08180971

JSS (North Downs) Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
First Floor
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

The principal activity of the company is that of estate agents.

2	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Long period of account

The comparatives relate to the 16 month period ended 31 March 2025. The current period relates to the year ended 31 March 2026.

Going concern

The company made a loss for the year ended 31 March 2026 but had net assets at that date of £162,749 including cash at bank of £109,371.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, with the careful control of overheads where possible. The directors remain confident in the company's long term future and, thus, have adopted the going concern basis for the preparation of these financial statements.

JSS (North Downs) Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, rebates and discounts.

The company recognises turnover in line with its terms and conditions, 50% of the fee is recognised at the point of exchange of contracts, with the remaining 50% at the point of completion of the respective sale.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a charge 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.

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 statement of financial position 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:

Asset class	Depreciation method and rate
Leasehold improvements	Over the period of the lease
Furniture fittings, and equipment	20% and 33% reducing balance

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.

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.

JSS (North Downs) Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company during the year was 9 (2025 - 9).

JSS (North Downs) Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

4	Tangible assets

	Leasehold improvements £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2025	28,037	38,728	66,765
Additions	-	1,019	1,019
At 31 March 2026	28,037	39,747	67,784
Depreciation
At 1 April 2025	15,571	34,426	49,997
Charge for the year	1,869	1,442	3,311
At 31 March 2026	17,440	35,868	53,308
Carrying amount
At 31 March 2026	10,597	3,879	14,476
At 31 March 2025	12,466	4,302	16,768

5

Debtors

	2026 £	2025 £
Trade debtors	104,150	19,539
Other debtors	19,199	7,198
	123,349	26,737

6

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Loans and borrowings	7	5,555	6,292
Trade creditors		13,103	1,268
Taxation and social security		28,234	106,619
Accruals and deferred income		17,943	7,611
Other creditors		2,019	2,275
		66,854	124,065