JAS Developments Limited

Financial Statements for the Year Ended 31 December 2025

DIRECTORS:

A P Donnelly

B Donnelly

S G P Donnelly

SECRETARY:

B Donnelly

REGISTERED OFFICE:

3 Oldfield Road

Bocam Park

Bridgend

CF35 5LJ

REGISTERED NUMBER:

04477418 (England and Wales)

ACCOUNTANTS:

BPU Limited

Chartered Accountants

Radnor House

Greenwood Close

Cardiff Gate Business Park

Cardiff

CF23 8AA

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss Account and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of JAS Developments Limited for the year ended 31 December 2025 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of JAS Developments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of JAS Developments Limited and state those matters that we have agreed to state to the Board of Directors of JAS Developments Limited, as a body, in this report in accordance with icaew/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JAS Developments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that JAS Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of JAS Developments Limited. You consider that JAS Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of JAS Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

BPU Limited

Chartered Accountants

8 September 2026

FIXED ASSETS

Investment property

3

1,925,000

CURRENT ASSETS

Debtors

4

5,460

6,038

Cash at bank

14,976

9,331

20,436

15,369

CREDITORS

Amounts falling due within one year

5

88,718

118,647

NET CURRENT LIABILITIES

(68,282

)

(103,278

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,856,718

1,821,722

CREDITORS

Amounts falling due after more than
one year

6

(1,382,382

)

(1,382,382

)

PROVISIONS FOR LIABILITIES

(37,000

)

(37,000

)

NET ASSETS

437,336

402,340

CAPITAL AND RESERVES

Called up share capital

100

Non-distributable reserve

641,373

Retained earnings

(204,137

)

(239,133

)

SHAREHOLDERS' FUNDS

437,336

402,340

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2026 and were signed on its behalf by:

A P Donnelly - Director

1.	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.

The financial statements have been prepared on the going concern basis, on the basis of the confirmed continued support of the directors and the company's creditors, who consider the company retains sufficient working capital to continue trading for the foreseeable future.

Turnover

Turnover represents net invoiced rents, accounted for in the period to which they relate.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

1,925,000

NET BOOK VALUE

At 31 December 2025

1,925,000

At 31 December 2024

1,925,000

The investment property was valued on an open market basis in 2024.

Fair value at 31 December 2025 is represented by:

£

Valuation in 2006

487,464

Valuation in 2007

59,554

Valuation in 2008

(193,645

)

Valuation in 2010

(150,000

)

Valuation in 2018

100,000

Valuation in 2024

375,000

Cost

1,246,627

1,925,000

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

5,460

1,386

Other debtors

-

4,652

5,460

6,038

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

-

2,106

Other creditors & accruals

88,718

116,541

88,718

118,647

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2025

2024

£

Bank loans

1,382,382

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

1,382,382

The bank loan is in the form of a mortgage and is secured over a property in which it relates.