J & M Residential Lettings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06565577 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2026

FOR

J & M RESIDENTIAL LETTINGS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M C W Camden-clarke

Mrs J G Camden-clarke

SECRETARY:

Mrs J G Camden-clarke

REGISTERED OFFICE:

Park House

200 Drake Street

Rochdale

Lancashire

OL16 1PJ

REGISTERED NUMBER:

06565577 (England and Wales)

ACCOUNTANTS:

TC Group

Park House

200 Drake Street

Rochdale

Lancashire

OL16 1PJ

FIXED ASSETS

Tangible assets

4

11,108

20,201

Investment property

5

11,889,000

11,228,000

11,900,108

11,248,201

CURRENT ASSETS

Debtors

873,849

213,767

Cash at bank

418,475

1,047,194

1,292,324

1,260,961

CREDITORS

Amounts falling due within one year

1,107,572

1,085,513

NET CURRENT ASSETS

184,752

175,448

TOTAL ASSETS LESS CURRENT
LIABILITIES

12,084,860

11,423,649

CREDITORS

Amounts falling due after more than one
year

6

(4,702,097

)

(4,719,866

)

PROVISIONS FOR LIABILITIES

9

(3,694,922

)

(3,542,703

)

NET ASSETS

3,687,841

3,161,080

CAPITAL AND RESERVES

Called up share capital

100

Non distributable reserve

10

2,864,228

2,426,298

Retained earnings

823,513

734,682

SHAREHOLDERS' FUNDS

3,687,841

3,161,080

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 5 April 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2026 and were signed on its behalf by:

M C W Camden-clarke - Director

1.	STATUTORY INFORMATION

J & M Residential Lettings 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

30% on reducing balance

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 Income Statement, 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.

Government grants

Capital grants have been received in respect of the purchase of properties where renovation works were required. These grants are repayable when the properties are sold. Amounts have been included in provisions for liabilities and charges.

The company has not discounted these grants as there is no way to determine with any reliability when the properties will be sold and when the grants will therefore become repayable, so it is impossible to determine a reliable discount factor.

On that basis, the company maintains that the accounts are showing a true and fair view as the total balance due to be repaid is always stated, so if a property is sold, the loan balance in the accounts will always match the repayable loan value.

Revenue grants received to fund repair works have been written off in the profit and loss account as received.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 6 April 2025

and 5 April 2026

31,994

DEPRECIATION

At 6 April 2025

11,793

Charge for year

9,093

At 5 April 2026

20,886

NET BOOK VALUE

At 5 April 2026

11,108

At 5 April 2025

20,201

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6 April 2025

11,228,000

Additions

51,095

Revaluations

609,905

At 5 April 2026

11,889,000

NET BOOK VALUE

At 5 April 2026

11,889,000

At 5 April 2025

11,228,000

Fair value at 5 April 2026 is represented by:

£

Valuation in 2026

3,818,970

Cost

8,070,030

11,889,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2026

2025

£

Cost

8,070,030

8,018,935

The investment properties were valued on an open market basis on 5 April 2026 by the directors .

The revaluations represent unrealised gains on property. The unrealised gain net of deferred tax is £2,864,228, leaving distributable reserves of £831,814.

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS

2026

2025

£

Repayable by instalments

Bank loans more 5 yr by instal

3,539,285

3,674,526

7.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

Amounts falling due within one year or on demand:

Bank loans

290,286

260,918

Other loans

250

10,000

290,536

270,918

Amounts falling due between one and two years:

Bank loans - 1-2 years

291,953

262,585

Amounts falling due between two and five years:

Bank loans - 2-5 years

870,859

782,755

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

3,539,285

3,674,526

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

Bank loans

4,992,633

4,990,784

The bank mortgages are secured on the investment properties to which they relate.

9.	PROVISIONS FOR LIABILITIES

2026

2025

£

Deferred tax

955,502

803,283

Government grants received

2,739,420

3,694,922

3,542,703

Deferred

tax

£

Balance at 6 April 2025

803,283

Charge to Income Statement during year

152,219

Balance at 5 April 2026

955,502

10.

RESERVES

Non

distributable

reserve

£

At 6 April 2025

2,426,298

Reserve transfer

437,930

At 5 April 2026

2,864,228

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 5 April 2026 and 5 April 2025:

2026

2025

£

M C W Camden-clarke

Balance outstanding at start of year

-

Amounts advanced

676,956

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

676,956

-

The directors loan account was repaid after the financial year end.

12.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr and Mrs Camden-Clarke who together own 100% of the issued share capital jointly.