COMPANY REGISTRATION NUMBER:
14884650
|
JMR Property Holdings Ltd |
|
|
Unaudited financial statements |
|
|
JMR Property Holdings Ltd |
|
|
Statement of financial position |
|
31 May 2025
Fixed assets
|
Tangible assets |
5 |
|
742,187 |
|
– |
|
|
|
|
|
|
Current assets
|
Debtors |
6 |
36,963 |
|
63,780 |
|
|
Cash at bank and in hand |
3,100 |
|
86,674 |
|
|
------- |
|
--------- |
|
|
40,063 |
|
150,454 |
|
|
|
|
|
|
|
|
Creditors: Amounts falling due within one year |
7 |
(
873,852) |
|
(
151,200) |
|
|
--------- |
|
--------- |
|
|
Net current liabilities |
|
(
833,789) |
|
(
746) |
|
|
--------- |
|
---- |
|
Total assets less current liabilities |
|
(
91,602) |
|
(
746) |
|
|
------- |
|
---- |
|
Net liabilities |
|
(
91,602) |
|
(
746) |
|
|
------- |
|
---- |
|
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
100 |
|
100 |
|
Profit and loss account |
|
(
91,702) |
|
(
846) |
|
|
------- |
|
---- |
|
Shareholders deficit |
|
(
91,602) |
|
(
746) |
|
|
------- |
|
---- |
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
16 October 2026
, and are signed on behalf of the board by:
Company registration number:
14884650
|
JMR Property Holdings Ltd |
|
|
Notes to the financial statements |
|
Year ended 31 May 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Roxburgh House, Mentmore Way, Poringland, Norwich, NR14 7XP.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
Estimates and judgements used in preparing the financial statements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The resulting accounting estimates will, by definition seldom equal the related actual results. Any subsequent changes are accounted for with an effect on income at the time such updated information is available. The estimates and assumptions that have a significant effect on the carrying amounts of assets and liabilities are discussed below: - In applying the Company's accounting policies for investment properties carried at fair value, consideration was given to the valuation of the Company's properties at the reporting date. Further detail of the estimate has been included in the tangible assets note.
Revenue recognition
Turnover is recognised at the fair value of the consideration received or receivable in the ordinary course of business, and is shown net of Value Added Tax. Rental Rental income is recognised on an accruals basis in line with lease terms and arises solely in the UK.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at present value.
4.
Employee numbers
The average number of employees during the year was
2
(2024:
1
).
5.
Tangible assets
|
Investment property |
|
£ |
|
Cost |
|
|
At 1 June 2024 |
– |
|
Additions |
742,187 |
|
--------- |
|
At 31 May 2025 |
742,187 |
|
--------- |
|
Depreciation |
|
|
At 1 June 2024 and 31 May 2025 |
– |
|
--------- |
|
Carrying amount |
|
|
At 31 May 2025 |
742,187 |
|
--------- |
|
At 31 May 2024 |
– |
|
--------- |
|
|
Investment property comprises £742,187. The fair value of the Company's investment property at 31 May 2025 has been determined by the director. In arriving at this valuation, the director considered evidence of transaction prices for similar properties and other relevant data available at the reporting date. The valuation has been made on an open market value basis and reflects the director's assessment of fair value in light of current economic conditions.
6.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Other debtors |
36,963 |
63,780 |
|
------- |
------- |
|
|
|
The debtors above include the following amounts falling due after more than one year:
|
2025 |
2024 |
|
£ |
£ |
|
Other debtors |
9,327 |
– |
|
------ |
---- |
|
|
|
7.
Creditors:
Amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Bank loans and overdrafts |
521,225 |
– |
|
Trade creditors |
210 |
– |
|
Amounts owed to connected companies |
339,000 |
150,000 |
|
Social security and other taxes |
9,471 |
– |
|
Other creditors |
3,946 |
1,200 |
|
--------- |
--------- |
|
873,852 |
151,200 |
|
--------- |
--------- |
|
|
|
Included in creditors are bank loans of £521,225 (2024: £nil) which are secured by the assets concerned.
8.
Director's advances, credits and guarantees
At the balance sheet date, included within debtors is £27,636 (2024: £40,550) which is owed to the company by the director. Interest has been charged on the loan at the official rate.
9.
Related party transactions
At the reporting date, the Company has outstanding balances totalling £339,000 due to connected companies. The balances are interest free, unsecured and repayable on demand.