JEC Properties Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06181862

JEC Properties Limited

Unaudited financial statements

28 February 2026

JEC Properties Limited

Statement of financial position

28 February 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	5	180,000	360,000
Investments	6	22,500	22,500
		---------	---------
		202,500	382,500

Current assets

Debtors	7	80,679	80,679
Cash at bank and in hand		6,591	4,960
		-------	-------
		87,270	85,639

Creditors: Amounts falling due within one year	8	( 122,777)		( 332,332)
		---------		---------
Net current liabilities			( 35,507)		( 246,693)
			---------		---------
Total assets less current liabilities			166,993		135,807
			---------		---------
Net assets			166,993		135,807
			---------		---------

Capital and reserves

Called up share capital		100	100
Investment property revaluation reserve	9	42,277	78,525
Profit and loss account	9	124,616	57,182
		---------	---------
Shareholders funds		166,993	135,807
		---------	---------

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 income statement has not been delivered.

For the year ending 28 February 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 financial statements for the year in question in accordance with section 476 ;

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

JEC Properties Limited

Statement of financial position (continued)

28 February 2026

These financial statements were approved by the board of directors and authorised for issue on 19 August 2026 , and are signed on behalf of the board by:

J E P Connolly

Director

Company registration number: 06181862

JEC Properties Limited

Notes to the financial statements

Year ended 28 February 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor Suite, 2 Hillside Business Park, Bury St Edmunds, Suffolk, IP32 7EA. The company's trading address during the year was Apartment 12, Old Post Office, The Thoroughfare, Bury St Edmunds, Suffolk, IP33 1DR.

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.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

Judgements and key sources of estimation uncertainty

Estimates and judgements used in preparing the financial statements 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. The resulting accounting estimates will, by definition seldom equal the related actual results. Any subsequent changes are accounted for with an effect on income at the time such updated information is available. The estimates and assumptions that have a significant effect on the carrying amounts of assets and liabilities are discussed below: - In applying the Company's accounting policies for investment properties carried at fair value, consideration was given to the valuation of the Company's properties at the reporting date. Further detail of the estimate has been included in the tangible assets note.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discount. Rental income is recognised on an accruals basis.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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. 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 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:

	Office Equipment	-	33% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

4. Employee numbers

The average number of employees during the year was 2 (2025: 2 ).

5. Tangible assets

	Equipment	Freehold investment property	Total
	£	£	£
Cost
At 1 March 2025	1,701	360,000	361,701
Disposals	–	( 180,000)	( 180,000)
	------	---------	---------
At 28 February 2026	1,701	180,000	181,701
	------	---------	---------
Depreciation
At 1 March 2025 and 28 February 2026	1,701	–	1,701
	------	---------	---------
Carrying amount
At 28 February 2026	–	180,000	180,000
	------	---------	---------
At 28 February 2025	–	360,000	360,000
	------	---------	---------

Investment property comprises one residential property. The fair value of the Company's investment property at 28 February 2026 has been determined by the directors. In arriving at this valuation, the directors considered evidence of transaction prices for similar properties and other relevant data available at the reporting date. The valuation has been made on an open market value basis and reflects the directors' assessment of fair value in light of current economic conditions.

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Freehold investment property
	£
At 28 February 2026
Aggregate cost	137,723
Aggregate depreciation	–
	---------
Carrying value	137,723
	---------

At 28 February 2025
Aggregate cost	281,475
Aggregate depreciation	–
	---------
Carrying value	281,475
	---------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 March 2025 and 28 February 2026	22,500
	-------
Impairment
At 1 March 2025 and 28 February 2026	–
	-------

Carrying amount
At 28 February 2026	22,500
	-------
At 28 February 2025	22,500
	-------

7. Debtors

	2026	2025
	£	£
Other debtors	80,679	80,679
	-------	-------

The debtors above include the following amounts falling due after more than one year:

	2026	2025
	£	£
Other debtors	20,090	20,090
	-------	-------

8. Creditors: Amounts falling due within one year

	2026	2025
	£	£
Social security and other taxes	7,822	17,426
Other creditors	114,955	314,906
	---------	---------
	122,777	332,332
	---------	---------

9. Reserves

Investment property valuation reserve - This reserve records accumulated fair value adjustments in respect of the freehold investment property recognised through profit or loss and is non-distributable. Profit and loss account - This reserve records retained earnings and accumulated losses.

10. Directors' advances, credits and guarantees

Included in other debtors is an amount due from the directors to the company of £60,589 (2025 - £60,589). The maximum overdrawn balance in the year was £205,755. During the year interest of £5,587 (2025 - £2,591) was charged in respect of the loan.

11. Related party transactions

At the reporting date, the Company had an outstanding balance of £108,248 due to a connected company. The balance is interest-free, unsecured and repayable on demand.