Registration number: SC613384

JMAX Properties Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

JMAX Properties Ltd

Company Information

Directors

Mrs EP McLaren TS McLaren

Registered office

51 Moss Street Paisley PA1 1DR

Accountants

Boon and Worth Limited Suite A4, Skylon Court Coldnose Road Rotherwas Hereford HR2 6JS

JMAX Properties Ltd

(Registration number: SC613384)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	153,155	161,168
Investment property	5	886,000	950,000
		1,039,155	1,111,168
Current assets
Debtors	6	16,112	13,549
Cash at bank and in hand		15,948	2,565
		32,060	16,114
Creditors: Amounts falling due within one year	7	(105,766)	(125,673)
Net current liabilities		(73,706)	(109,559)
Total assets less current liabilities		965,449	1,001,609
Creditors: Amounts falling due after more than one year	7	(761,529)	(796,077)
Provisions for liabilities		(76,614)	(82,621)
Net assets		127,306	122,911
Capital and reserves
Called up share capital	8	200	200
Retained earnings		127,106	122,711
Shareholders' funds		127,306	122,911

JMAX Properties Ltd

(Registration number: SC613384)
Balance Sheet as at 31 March 2026

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 25 June 2026 and signed on its behalf by:
 

......................................... Mrs EP McLaren Director

JMAX Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
51 Moss Street
Paisley
PA1 1DR
Scotland

These financial statements were authorised for issue by the Board on 25 June 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

JMAX Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% Straight Line Method
Computer equipment	33% Reducing Balance Method
Plant and machinery	Over 25 years using straight line method
Fixtures and fittings	25% Reducing Balance Method

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

JMAX Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

4	Tangible assets

	Furniture, fittings and equipment  £	Fixture and fittings  £	Total £
Cost or valuation
At 1 April 2025	170,694	6,000	176,694
Additions	491	-	491
At 31 March 2026	171,185	6,000	177,185
Depreciation
At 1 April 2025	13,838	1,688	15,526
Charge for the year	7,426	1,078	8,504
At 31 March 2026	21,264	2,766	24,030
Carrying amount
At 31 March 2026	149,921	3,234	153,155
At 31 March 2025	156,856	4,312	161,168

JMAX Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5	Investment properties

	2026 £
At 1 April	950,000
Disposals	(65,000)
Fair value adjustments	1,000
At 31 March	886,000

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current	2026 £	2025 £
Trade debtors	4,103	1,742
Other debtors	12,009	11,807
	16,112	13,549

7

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Accruals and deferred income	1,800	1,800
Other creditors	103,966	123,873
	105,766	125,673

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	9	761,529	796,077

JMAX Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

8	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100
Ordinary A shares of £1 each	100	100	100	100
	200	200	200	200

9	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	572,229	606,777
Other borrowings	189,300	189,300
	761,529	796,077

10	Related party transactions

Transactions with directors

2026	At 1 April 2025 £	Advances to director £	Repayments by director £	At 31 March 2026 £
Mrs EP McLaren
Directors loan account	(123,126)	21,124	(1,311)	(103,313)

2025	At 1 April 2024 £	Advances to director £	Repayments by director £	At 31 March 2025 £
Mrs EP McLaren
Directors loan account	(63,455)	15,863	(75,534)	(123,126)

JMAX Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Directors' remuneration

The directors' remuneration for the year was as follows:

	2026 £	2025 £
Remuneration	-	12,570
Contributions paid to money purchase schemes	9,000	-
	9,000	12,570