| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2026 |
| FOR |
| JAMES O'FLANAGAN LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2026 |
| FOR |
| JAMES O'FLANAGAN LIMITED |
| JAMES O'FLANAGAN LIMITED (REGISTERED NUMBER: 00469337) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2026 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| JAMES O'FLANAGAN LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 JUNE 2026 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Corner Oak |
| 1 Homer Road |
| Solihull |
| B91 3QG |
| JAMES O'FLANAGAN LIMITED (REGISTERED NUMBER: 00469337) |
| BALANCE SHEET |
| 30 JUNE 2026 |
| 2026 | 2025 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Investments | 8 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 10 |
| Capital redemption reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| JAMES O'FLANAGAN LIMITED (REGISTERED NUMBER: 00469337) |
| BALANCE SHEET - continued |
| 30 JUNE 2026 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| JAMES O'FLANAGAN LIMITED (REGISTERED NUMBER: 00469337) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2026 |
| 1. | STATUTORY INFORMATION |
| James O'Flanagan Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 and depreciation |
| Tractors and mobile plant | - |
| Plant | - |
| Office furniture and equipment | - |
| Motor vehicles | - |
| Builders yard and offices | - |
| No depreciation is charged on freehold land. |
| Stock |
| Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Profit on long term contracts (work in progress) is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. In respect of domestic property work a contract is only acknowledged if at the year end date individual plots are able in the opinion of the directors to be occupied and contract commitments are exchanged between the company and the potential purchasers.The profit included is calculated by the directors on a prudent basis to reflect the uncertain nature of predicting the profitability of development sites. Full provision is made for losses on all contracts in the period in which they are foreseen. |
| 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. |
| JAMES O'FLANAGAN LIMITED (REGISTERED NUMBER: 00469337) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2026 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| Investment property |
| Investment property is included at fair value. Gains are recognised in the income statement, Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Tractors | Office |
| and | furniture |
| mobile | and |
| plant | Plant | equipment |
| £ | £ | £ |
| COST |
| At 1 July 2025 |
| Additions |
| At 30 June 2026 |
| DEPRECIATION |
| At 1 July 2025 |
| Charge for year |
| At 30 June 2026 |
| NET BOOK VALUE |
| At 30 June 2026 |
| At 30 June 2025 |
| JAMES O'FLANAGAN LIMITED (REGISTERED NUMBER: 00469337) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2026 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Builders |
| Motor | yard and |
| vehicles | offices | Totals |
| £ | £ | £ |
| COST |
| At 1 July 2025 |
| Additions |
| At 30 June 2026 |
| DEPRECIATION |
| At 1 July 2025 |
| Charge for year |
| At 30 June 2026 |
| NET BOOK VALUE |
| At 30 June 2026 |
| At 30 June 2025 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 July 2025 |
| Disposals | ( |
) |
| At 30 June 2026 |
| NET BOOK VALUE |
| At 30 June 2026 |
| At 30 June 2025 |
| Fair value at 30 June 2026 is represented by: |
| £ |
| Valuation in 2016 | 430,857 |
| Valuation in 2021 | 45,000 |
| Cost | 255,640 |
| 731,497 |
| If the investment properties had not been revalued they would have been included at the following historical cost: |
| 2026 | 2025 |
| £ | £ |
| Cost | 255,641 | 255,641 |
| JAMES O'FLANAGAN LIMITED (REGISTERED NUMBER: 00469337) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2026 |
| 5. | INVESTMENT PROPERTY - continued |
| The directors revalued these properties at 30 June 2021 at their present market value, after taking into account the terms of the tenancies given by the company. |
| 6. | STOCKS |
| 2026 | 2025 |
| £ | £ |
| Work in progress contracts |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2026 | 2025 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 8. | CURRENT ASSET INVESTMENTS |
| 2026 | 2025 |
| £ | £ |
| Cazenove deposit account |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2026 | 2025 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 10. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1 July 2025 |
| Revaluation reserve | (59,882 | ) |
| At 30 June 2026 |
| 11. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |