REGISTERED NUMBER: 00445538 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

JAMES TRUST LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D L Graham

Mr G J Graham

Mr R A Graham

REGISTERED OFFICE:

28 Hereford Road

LONDON

W2 5AJ

REGISTERED NUMBER:

00445538 (England and Wales)

ACCOUNTANTS:

Durrants - Calleva

Accountants and Tax Advisors

4 Comet House

Calleva Park

Aldermaston

Berkshire

RG7 8JA

FIXED ASSETS

Investment property

4

3,865,000

3,765,000

CURRENT ASSETS

Debtors

5

63,053

73,619

Cash at bank

35,635

27,555

98,688

101,174

CREDITORS

Amounts falling due within one year

6

119,349

111,085

NET CURRENT LIABILITIES

(20,661

)

(9,911

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,844,339

3,755,089

PROVISIONS FOR LIABILITIES

304,105

279,105

NET ASSETS

3,540,234

3,475,984

CAPITAL AND RESERVES

Called up share capital

51,000

51,000

Fair value reserve

7

1,226,001

1,126,001

Retained earnings

7

2,263,233

2,298,983

SHAREHOLDERS' FUNDS

3,540,234

3,475,984

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2026 and were signed on its behalf by:

Mr R A Graham - Director

1.	STATUTORY INFORMATION

James Trust Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced rent, excluding value added tax, from investment properties owned.

Investment property

Investment properties are stated at the most recent valuation.

Myddleton and Major perform a professional valuation at least every 5 years. The Directors perform interim valuations at every year end in between.

Depreciation is not provided in respect of investment properties.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

3,765,000

Revaluations

100,000

At 31 March 2026

3,865,000

NET BOOK VALUE

At 31 March 2026

3,865,000

At 31 March 2025

3,765,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2007

2,096,939

Valuation in 2008

(500,025

)

Valuation in 2009

(383,475

)

Valuation in 2020

191,667

Valuation in 2026

100,000

Cost

2,359,894

3,865,000

If the investment property had not been revalued it would have been included at the following historical cost:

31/3/26

31/3/25

£

£

Cost

2,359,894

2,359,894

Investment property was valued on an open market basis on 31 March 2026 by the Directors with professional advice .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Trade debtors

39,628

60,194

Other debtors

23,425

13,425

63,053

73,619

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Trade creditors

23,861

(2

)

Amounts owed to group undertakings

51,825

21,825

Tax

31,417

63,826

Social security and other taxes

-

958

VAT

2,696

3,053

Other creditors

8,050

19,925

Accrued expenses

1,500

1,500

119,349

111,085

7.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 April 2025

2,298,983

1,126,001

3,424,984

Profit for the year

69,250

69,250

Dividends

(105,000

)

(105,000

)

Property revaluation

-

100,000

100,000

At 31 March 2026

2,263,233

1,226,001

3,489,234

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Arthur Newbery Limited holds 100% (2025: 100%) of the ordinary share capital of the company. Mr D L Graham, Mr R A Graham and Mr G J Graham are directors of both James Trust Limited and Arthur Newbery Limited. A dividend of £105,000 (2025: £195,000) was paid in the year to Arthur Newbery Limited.