Registration number: 10495723

Jones Properties (NE) Ltd

(Registration number: 10495723)
Statement of Financial Position as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	4	3,239,242	2,909,242
Current assets
Debtors	5	7,992	10,819
Cash at bank and in hand		1,636	4,050
		9,628	14,869
Creditors: Amounts falling due within one year	6	(253,368)	(247,336)
Net current liabilities		(243,740)	(232,467)
Total assets less current liabilities		2,995,502	2,676,775
Creditors: Amounts falling due after more than one year	6	(1,550,992)	(1,558,702)
Provisions for liabilities		(111,000)	(9,310)
Net assets		1,333,510	1,108,763
Capital and reserves
Called up share capital		400	400
Share premium reserve		1,227,978	1,227,978
Revaluation reserve		379,000	49,000
Retained earnings		(273,868)	(168,615)
Shareholders' funds		1,333,510	1,108,763

Jones Properties (NE) Ltd

(Registration number: 10495723)
Statement of Financial Position as at 30 November 2025

For the financial year ending 30 November 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 Income Statement.

Approved and authorised by the Board on 21 August 2026 and signed on its behalf by:
 

......................................... Mr Steve James Jones Director

Jones Properties (NE) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1	General information

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

The address of its registered office is:
100 Osborne Road
Jesmond
Newcastle Upon Tyne
Tyne And Wear
NE2 2TD

These financial statements were authorised for issue by the Board on 21 August 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.

The financial statements are prepared in UK Pound Sterling (£), which is the functional currency of the company

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental of properties 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 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.

Jones Properties (NE) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 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 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.

Investment property

Investment property is included at fair value. Gains are recognised in the income statement.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4	Investment properties

	2025 £
At 1 December	2,909,242
Fair value adjustments	330,000
At 30 November	3,239,242

The company's properties were last independently valued in 2021. They have subsequently been reviewed annually by the directors to a current value of £3,239,242 (2024 £2,909,242). The directors consider this value to accurately reflect the open market value of the properties.

5

Debtors

Current	2025 £	2024 £
Prepayments	7,992	10,819
	7,992	10,819

Jones Properties (NE) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	8,000	-
Taxation and social security		286	148
Accruals and deferred income		1,884	1,770
Other creditors		243,198	245,418
		253,368	247,336

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	1,550,992	1,558,702

7

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	330,000	330,000

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	1,550,992	1,558,702

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	8,000	-

Bank borrowings

Jones Properties (NE) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

The following secured debt is included within creditors £1,544,325 (2024 - £1,542,702). The bank loans are secured against assets of the company