JJ Property Kent Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13077571

JJ Property Kent Limited

Filleted Unaudited Financial Statements

31 December 2025

JJ Property Kent Limited

Statement of Financial Position

31 December 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	368,328	369,072

Current assets

Debtors	6	2,840	601
Investments	7	2,076,742	2,076,742
Cash at bank and in hand		1,302	8,679
		------------	------------
		2,080,884	2,086,022

Creditors: amounts falling due within one year	8	418,250	405,010
		------------	------------
Net current assets		1,662,634	1,681,012
		------------	------------
Total assets less current liabilities		2,030,962	2,050,084
		------------	------------
Net assets		2,030,962	2,050,084
		------------	------------

Capital and reserves

Called up share capital	9	2,076,744	2,076,744
Profit and loss account		( 45,782)	( 26,660)
		------------	------------
Shareholders funds		2,030,962	2,050,084
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the 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.

Director's responsibilities:

- The 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

JJ Property Kent Limited

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 17 August 2026 , and are signed on behalf of the board by:

Mrs J Cullen
Director

Company registration number: 13077571

JJ Property Kent Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 Radnor Cliff, Folkestone, CT20 2JN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% straight line
Equipment	-	50% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship (see hedge accounting policy). Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Long leasehold property	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 January 2025	368,059	5,257	1,349	374,665
Additions	–	–	200	200
	---------	-------	-------	---------
At 31 December 2025	368,059	5,257	1,549	374,865
	---------	-------	-------	---------
Depreciation
At 1 January 2025	–	4,918	675	5,593
Charge for the year	–	170	774	944
	---------	-------	-------	---------
At 31 December 2025	–	5,088	1,449	6,537
	---------	-------	-------	---------
Carrying amount
At 31 December 2025	368,059	169	100	368,328
	---------	-------	-------	---------
At 31 December 2024	368,059	339	674	369,072
	---------	-------	-------	---------

Long leasehold property represents investment property purchased for the purpose of letting.

6. Debtors

	2025	2024
	£	£
Other debtors	2,840	601
	-------	----

7. Investments

	2025	2024
	£	£
Investments in group undertakings	2,076,742	2,076,742
	------------	------------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	411,511	402,794
Social security and other taxes	4,708	–
Other creditors	2,031	2,216
	---------	---------
	418,250	405,010
	---------	---------

9. Called up share capital

The company was incorporated with a share capital of 2 ordinary shares with a nominal value of £1.00 each. On 16th Jan 2024 the company allotted a further 2,076,742 ordinary shares with a nominal value of £1.00 each in consideration for JLC Financial Ltd. The total share capital of the company at the year-end was 2,076,744 shares of £1.00 each.

The shares have attached to them full rights regarding voting and rank equally in respect of payment of dividends and distribution (including on winding up).

10. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mrs J Cullen	( 406)	1,500	( 362)	732
	----	-------	----	----

	2024
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mrs J Cullen	( 96)	2	( 312)	( 406)
	----	----	----	----

Overdrawn directors loan accounts are charged interest in line with HMRC guidelines. No interest is charged if directors loan account is in credit balance.

11. Related party transactions

During the prior year, the company acquired JLC Financial Ltd from Radnor Financial Ltd for consideration of £2,076,742. See note 10. During the current year, JLC Financial Limited loaned JJ Properties Kent Limited a total of £8,716 (2024: £nil). Both companies are ultimately controlled by Mrs J Cullen . The total oustanding at the year end was £411,511 (2024: £402,794). No further transactions with related parties were undertaken such as is required to be disclosed under the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

12. Controlling party

The company was under control of Mrs J Cullen through the current and prior period from 2nd May 2024 as sole director and shareholder. Prior to this the company was under joint control of Mrs J & Mr S Cullen as joint directors and shareholders.