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Registered number: 01400662
J.F. Ayre Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Coman & Co Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01400662
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 200,107 206,807
Investment Properties 6 298,500 298,500
498,607 505,307
CURRENT ASSETS
Stocks 7 7,950 8,430
Debtors 8 3,614 2,702
Cash at bank and in hand 11,307 7,841
22,871 18,973
Creditors: Amounts Falling Due Within One Year 9 (256,853 ) (278,834 )
NET CURRENT ASSETS (LIABILITIES) (233,982 ) (259,861 )
TOTAL ASSETS LESS CURRENT LIABILITIES 264,625 245,446
Creditors: Amounts Falling Due After More Than One Year 10 (14,937 ) (25,151 )
NET ASSETS 249,688 220,295
CAPITAL AND RESERVES
Called up share capital 12 1,105 1,105
Revaluation reserve 13 176,837 176,837
Profit and Loss Account 71,746 42,353
SHAREHOLDERS' FUNDS 249,688 220,295
Page 1
Page 2
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
V P Ayre
Director
7 September 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
J.F. Ayre Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01400662 . The registered office is 133 Evelina Road, London, SE15 3HB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0% straight line
Plant & Machinery 33% reducing balance
Computer Equipment 33% reducing balance
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2025 65,000
As at 31 December 2025 65,000
Amortisation
As at 1 January 2025 65,000
As at 31 December 2025 65,000
Net Book Value
As at 31 December 2025 -
As at 1 January 2025 -
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5. Tangible Assets
Land & Property
Freehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2025 182,965 708,634 28,628 920,227
Additions - 910 833 1,743
As at 31 December 2025 182,965 709,544 29,461 921,970
Depreciation
As at 1 January 2025 - 686,959 26,461 713,420
Provided during the period - 7,453 990 8,443
As at 31 December 2025 - 694,412 27,451 721,863
Net Book Value
As at 31 December 2025 182,965 15,132 2,010 200,107
As at 1 January 2025 182,965 21,675 2,167 206,807
6. Investment Property
2025
£
Fair Value
As at 1 January 2025 and 31 December 2025 298,500
7. Stocks
2025 2024
£ £
Finished goods 7,950 8,430
8. Debtors
2025 2024
£ £
Due within one year
Thackray Willams Solicitor Clearing account 1,010 -
TooGoodToGo receivable 1,503 1,702
VAT 101 -
Called up share capital not paid 1,000 1,000
3,614 2,702
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9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 3,027
Trade creditors 56,431 66,579
Bank loans and overdrafts 232,646 225,557
Corporation tax 29,958 40,874
Other taxes and social security 3,564 821
VAT - 719
Ayre Retail intercompany (90,788 ) (90,788 )
Pension Control Account 479 379
Funding Circle 20,458 17,561
Accruals and deferred income 635 635
Bradleys Loan 3,470 13,470
256,853 278,834
10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Coronavirus Business Interruption Loan 14,937 25,151
11. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 3,027
12. Share Capital
2025 2024
£ £
Called Up Share Capital not Paid 1,000 1,000
Called Up Share Capital has been paid up 105 105
Amount of Allotted, Called Up Share Capital 1,105 1,105
13. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 January 2025 176,837 42,353
Profit for the year and total comprehensive income - 82,938
Dividends paid - (53,545)
As at 31 December 2025 176,837 71,746
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