Registration number: 00617579

J.C. Payne Engineering Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

J.C. Payne Engineering Limited

(Registration number: 00617579)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	110	138
Investment property	5	2,750,000	2,750,000
		2,750,110	2,750,138
Current assets
Debtors	6	57,536	40,247
Cash at bank and in hand		310,645	292,928
		368,181	333,175
Creditors: Amounts falling due within one year	7	(49,528)	(40,999)
Net current assets		318,653	292,176
Total assets less current liabilities		3,068,763	3,042,314
Provisions for liabilities		(350,000)	(350,000)
Net assets		2,718,763	2,692,314
Capital and reserves
Called up share capital	8	5,253	5,253
Capital redemption reserve		2,749	2,749
Revaluation reserve		1,726,763	1,726,763
Retained earnings		983,998	957,549
Shareholders' funds		2,718,763	2,692,314

J.C. Payne Engineering Limited

(Registration number: 00617579)
Balance Sheet as at 31 December 2025

For the financial 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.

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 Profit and Loss Account.

Approved and authorised by the Board on 14 September 2026 and signed on its behalf by:
 

.........................................

Mrs V I Castell
Director

J.C. Payne Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

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

The address of its registered office is:
Polgraines
Faringdon Road
Cumnor
Oxford
OX2 9QY

These financial statements were authorised for issue by the Board on 14 September 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.

Going concern

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

Revenue recognition

The total turnover of the company for the year has been derived from its pricipal activity of the management of its properties, wholly undertaken in the UK.

Tax

The tax expense for the period comprises current and 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

J.C. Payne Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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 balance sheet 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, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% reducing balance

Investment property

Investment properties are included at fair value. The valuation of investment properties is considered annually by the directors and revalued whenever their carrying amounts are likely to differ materially from their fair value. Changes in fair value are recognised in profit or loss. No depreciation is provided in respect of investment properties.

Defined contribution pension obligation

Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3	Staff numbers

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

J.C. Payne Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4	Tangible assets

	Plant and machinery  £	Total £
Cost or valuation
At 1 January 2025	6,337	6,337
At 31 December 2025	6,337	6,337
Depreciation
At 1 January 2025	6,199	6,199
Charge for the year	28	28
At 31 December 2025	6,227	6,227
Carrying amount
At 31 December 2025	110	110
At 31 December 2024	138	138

5	Investment properties

	2025 £
At 1 January	2,750,000
At 31 December	2,750,000