JIC PROPERTIES LTD - Filleted accounts

Registered number

15424739

JIC PROPERTIES LTD

Filleted Accounts

31 January 2026

JIC PROPERTIES LTD
Registered number:		15424739
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		929,903			614,271

Current assets
Cash at bank and in hand		5,283			81,067

Creditors: amounts falling due within one year	4	(1,440)			(720)

Net current assets			3,843			80,347

Total assets less current liabilities			933,746			694,618

Creditors: amounts falling due after more than one year	5		(942,589)			(696,609)



Net liabilities			(8,843)			(1,991)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(8,943)			(2,091)

Shareholders' funds			(8,843)			(1,991)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




John Butler
Director
Approved by the board on 18 August 2026

JIC PROPERTIES LTD
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	No Depreciation as value maintained

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		1		0


3	Tangible fixed assets
					Land and buildings
£
	Cost
	At 1 February 2025				614,271
	Additions				315,632
	At 31 January 2026				929,903

	Depreciation
	At 31 January 2026				-

	Net book value
	At 31 January 2026				929,903
	At 31 January 2025				614,271


4	Creditors: amounts falling due within one year		2026		2025
£				£

	Other creditors		1,440		720


5	Creditors: amounts falling due after one year		2026		2025
£				£

	Mortgage loans		942,589		696,609


6	Other information

	JIC PROPERTIES LTD is a private company limited by shares and incorporated in England. Its registered office is:
	Charnwood Stables
	Hamilton Road
	Newmarket
	Suffolk
	CB8 7JQ