REGISTERED NUMBER: SC785948 (Scotland)

Financial Statements

for the Year Ended 31 October 2025

for

JLMK Property Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J A Kilcoyne

Mrs L Marshall-Kilcoyne

REGISTERED OFFICE:

201 Bath Street

Glasgow

United Kingdom

G2 4HZ

REGISTERED NUMBER:

SC785948 (Scotland)

ACCOUNTANTS:

O'Haras Chartered Accountants

Radleigh House

1 Golf Road

Clarkston

Glasgow

G76 7HU

FIXED ASSETS

Investment property

3

420,900

135,774

CURRENT ASSETS

Debtors

4

1,690

-

Cash at bank

41,465

59,673

43,155

59,673

CREDITORS

Amounts falling due within one year

5

215,086

128,240

NET CURRENT LIABILITIES

(171,931

)

(68,567

)

TOTAL ASSETS LESS CURRENT LIABILITIES

248,969

67,207

CREDITORS

Amounts falling due after more than one year

6

258,770

73,374

NET LIABILITIES

(9,801

)

(6,167

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(9,901

)

(6,267

)

SHAREHOLDERS' FUNDS

(9,801

)

(6,167

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2026 and were signed on its behalf by:

J A Kilcoyne - 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.

Going concern

The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

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.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Impairment of fixed assets

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

135,774

Additions

285,126

At 31 October 2025

420,900

NET BOOK VALUE

At 31 October 2025

420,900

At 31 October 2024

135,774

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

1,690

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

11,745

8,400

Directors' current accounts

201,900

118,400

Accrued expenses

1,441

1,440

215,086

128,240

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

12,453

8,400

Bank loans - 2-5 years

41,101

25,200

Bank loans more 5 yr by instal

205,216

39,774

258,770

73,374

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

205,216

39,774

7.	SECURED DEBTS

The Mortgage Works (UK) PLC holds a charge over 2/1, 62 Niddrie Road, Glasgow.

The Mortgage Works (UK) PLC holds a charge over 2/3, 1103 Cathcart Road, Glasgow.

The Mortgage Works (UK) PLC holds a charge over 327 Clarkston Road, Glasgow.