ACCOUNTS - Final Accounts preparation

Registered number: 14738458

DOUBLE J PROPERTIES (LEISURE) LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2025

DOUBLE J PROPERTIES (LEISURE) LIMITED

REGISTERED NUMBER: 14738458

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		1,472		1,337
Investment property	5		486,543		440,736
			488,015		442,073
Current assets
Debtors: amounts falling due within one year	6	1,791		7,560
Cash at bank and in hand	7	7,697		438
		9,488		7,998
Creditors: amounts falling due within one year	8	(557,543)		(481,762)
Net current liabilities			(548,055)		(473,764)
Total assets less current liabilities			(60,040)		(31,691)

Net liabilities			(60,040)		(31,691)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(60,140)	(31,791)
	(60,040)	(31,691)

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DOUBLE J PROPERTIES (LEISURE) LIMITED

REGISTERED NUMBER: 14738458

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

J F Aspinall

Director

Date: 25 September 2026

The notes on pages 3 to 7 form part of these financial statements.

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DOUBLE J PROPERTIES (LEISURE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Double J Properties (Leisure) Limited is a private limited liability company incorporated and domiciled in the United Kingdom.

The address of its registered office is:
High Street Business Centre
42a High Street
Sutton Coldfield
B72 1UJ

The financial statements are prepared in Sterling (£) and are for the year ended 31 December 2025 (2024: year ended 31 December 2024).

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The director has prepared the financial statements on a going concern basis due to the continued support of the shareholders of the business.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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DOUBLE J PROPERTIES (LEISURE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, once the asset is in use.

Depreciation is provided on the following basis:

Fixtures and fittings

25%

reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.9

Investment property

Investment property is carried at fair value determined annually by external valuers 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. Changes in fair value are recognised in profit or loss.

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DOUBLE J PROPERTIES (LEISURE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 1).

4.	Tangible fixed assets

		Fixtures and fittings
		£
	Cost or valuation
	At 1 January 2025	1,337
	Additions	474
	At 31 December 2025	1,811
	Depreciation
	Charge for the year on owned assets	339
	At 31 December 2025	339
	Net book value
	At 31 December 2025	1,472
	At 31 December 2024	1,337

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DOUBLE J PROPERTIES (LEISURE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

5.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 January 2025	440,736
	Additions at cost	45,807
	At 31 December 2025	486,543

The 2025 valuations were made by the directors, on an open market value basis.

Debtors

					2025	2024
					£	£


Other debtors	565	6,575
Prepayments and accrued income	1,226	985
	1,791	7,560

7.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	7,697	438
	7,697	438

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DOUBLE J PROPERTIES (LEISURE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

8.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	239,163	73,275
Trade creditors	2,146	772
Amounts owed to related company	-	18,250
Other taxation and social security	34	-
Other creditors	315,000	369,300
Accruals and deferred income	1,200	20,165
	557,543	481,762

Included in Other Creditors are loans from shareholders amounting to £315,000 (2024: £369,300). The loans are unsecured, interest free and have no immediate repayment date.

The following liabilities were secured:
	2025	2024
	£	£


Bank loans	239,163	73,275
	239,163	73,275

Details of security provided:

The loan is secured against the investment property.

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