Julian Properties (Midlands) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00935667 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2026

for

Julian Properties (Midlands) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

J E Timmins

SECRETARY:

Mrs P A Timmins

REGISTERED OFFICE:

3 Temple Street

West Bromwich

West Midlands

B70 9AE

REGISTERED NUMBER:

00935667 (England and Wales)

ACCOUNTANTS:

Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

FIXED ASSETS

Tangible assets

4

1,101

1,296

Investment property

5

722,657

713,117

723,758

714,413

CURRENT ASSETS

Stocks

6

182,844

Debtors

7

224,727

253,587

Cash at bank

57,555

23,696

465,126

460,127

CREDITORS

Amounts falling due within one year

8

(17,529

)

(22,006

)

NET CURRENT ASSETS

447,597

438,121

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,171,355

1,152,534

PROVISIONS FOR LIABILITIES

9

(118,025

)

(118,075

)

NET ASSETS

1,053,330

1,034,459

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

1,053,230

1,034,359

SHAREHOLDERS' FUNDS

1,053,330

1,034,459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 October 2026 and were signed by:

J E Timmins - Director

1.	STATUTORY INFORMATION

Julian Properties (Midlands) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The directors have considered going concern in preparing these financial statements through review of the company's financial position. It has been considered that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the going concern basis of accounting has been adopted, and no material uncertainties have been identified.

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

Investment property

Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to revaluation reserve.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 March 2025

and 28 February 2026

6,515

DEPRECIATION

At 1 March 2025

5,219

Charge for year

195

At 28 February 2026

5,414

NET BOOK VALUE

At 28 February 2026

1,101

At 28 February 2025

1,296

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2025

713,117

Additions

9,540

At 28 February 2026

722,657

NET BOOK VALUE

At 28 February 2026

722,657

At 28 February 2025

713,117

Investment property was valued on an open market basis on 28 February 2026 by the director and this valuation has been used for the purpose of these accounts.

6.

STOCKS

Stocks comprise of land for development.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

695

2,946

Other debtors

224,032

250,641

224,727

253,587

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

7,250

Taxation and social security

7,455

12,456

Other creditors

2,824

2,300

17,529

22,006

9.	PROVISIONS FOR LIABILITIES

2026

2025

£

Deferred tax

118,025

118,075

Deferred

tax

£

Balance at 1 March 2025

118,075

Credit to Profit and loss account during year

(50

)

Balance at 28 February 2026

118,025

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

40

Ordinary A

£1

40

Ordinary B

£1

40

10

Ordinary C

£1

10

Ordinary D

£1

10

100

11.	RELATED PARTY DISCLOSURES

Arbor Townscape Limited

A company of which J E Timmins is a director

The amount owed by Arbor Townscape Limited of £214,684 (2025 - £232,363) is unsecured and has no specific terms regarding payment of interest. The amount due is repayable on demand but the director of Julian Properties (Midlands) Limited has given his assurance that the amount payable will not be demanded until such time as this company can afford to do so without detriment to its operating and working capital needs.

Arbor Townscape (Contracts) Limited

A company of which J E Timmins is a director

The amount owed by Arbor Townscape (Contracts) Limited of £4,841 (2025 - £18,278) is unsecured and has no specific terms regarding payment of interest. The amount due is repayable on demand but the director of Julian Properties (Midlands) Limited has given his assurance that the amount payable will not be demanded until such time as this company can afford to do so without detriment to its operating and working capital needs.

Chorley Developments Ltd

A company of which J E Timmins is a director

The amount owed to Chorley Developments Limited of £524 (2025 - £nil) is unsecured and has no specific terms regarding payment of interest. The amount due is repayable on demand but the director of Chorley Developments Limited has given his assurance that the amount payable will not be demanded until such time as this company can afford to do so without detriment to its operating and working capital needs.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Julian Properties (Midlands) Limited for the year ended 28 February 2026 which comprise the Profit and loss account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Julian Properties (Midlands) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Julian Properties (Midlands) Limited and state those matters that we have agreed to state to the director of Julian Properties (Midlands) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Julian Properties (Midlands) Limited and its director for our work or for this report.

It is your duty to ensure that Julian Properties (Midlands) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Julian Properties (Midlands) Limited. You consider that Julian Properties (Midlands) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Julian Properties (Midlands) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

19 October 2026