J.K.T. Properties Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 04737034 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

J.K.T. PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B S Thorp

Mr S A Twigger

REGISTERED OFFICE:

Arc Terrace Road

Pinvin

Pershore

Worcestershire

WR10 2DJ

REGISTERED NUMBER:

04737034 (England and Wales)

ACCOUNTANTS:

LDP Luckmans

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

FIXED ASSETS

Tangible assets

4

9,439

8,745

Investment property

5

11,695,914

12,288,009

11,705,353

12,296,754

CURRENT ASSETS

Stocks

-

5,150

Debtors

6

4,214,010

4,153,588

Cash at bank and in hand

5,610,052

7,613,766

9,824,062

11,772,504

CREDITORS

Amounts falling due within one year

7

7,025,862

10,320,745

NET CURRENT ASSETS

2,798,200

1,451,759

TOTAL ASSETS LESS CURRENT
LIABILITIES

14,503,553

13,748,513

PROVISIONS FOR LIABILITIES

8

1,726,644

1,760,221

NET ASSETS

12,776,909

11,988,292

CAPITAL AND RESERVES

Called up share capital

9

1,000

Share premium

1,049,000

Fair value reserve

10

5,139,103

5,274,103

Retained earnings

6,587,806

5,664,189

SHAREHOLDERS' FUNDS

12,776,909

11,988,292

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 29 October 2026 and were signed on its behalf by:

Mr B S Thorp - Director

1.	GENERAL INFORMATION

J.K.T. Properties Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparation

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 presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised.

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 and after eliminating sales within the company.

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.

Tangible assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and Machinery

-

10 - 33% straight line basis

Investment property

Investment property is carried at fair value, which is reviewed annually. Any surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Debtors and creditors receivable/payable within one year

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

COST

At 1 February 2025

19,932

2,468

22,400

Additions

-

3,272

At 31 January 2026

19,932

5,740

25,672

DEPRECIATION

At 1 February 2025

13,184

471

13,655

Charge for year

1,349

1,229

2,578

At 31 January 2026

14,533

1,700

16,233

NET BOOK VALUE

At 31 January 2026

5,399

4,040

9,439

At 31 January 2025

6,748

1,997

8,745

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

12,288,009

Disposals

(592,095

)

At 31 January 2026

11,695,914

NET BOOK VALUE

At 31 January 2026

11,695,914

At 31 January 2025

12,288,009

The investment properties have been revalued by the Director on a fair value basis.

Fair value at 31 January 2026 is represented by:

£

Valuation in 2011

(666,445

)

Valuation in 2015

2,023,945

Valuation in 2023

5,539,638

Cost

4,798,776

11,695,914

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

Trade debtors

215,178

70,374

Amounts owed by group undertakings

46,433

23,573

Other debtors

3,952,399

4,059,641

4,214,010

4,153,588

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

Trade creditors

21,976

20,846

Amounts owed to group undertakings

1,905,074

1,932,387

Taxation and social security

263,376

121,324

Other creditors

4,835,436

8,246,188

7,025,862

10,320,745

8.	PROVISIONS FOR LIABILITIES

31.1.26

31.1.25

£

Deferred tax

1,726,644

1,760,221

Deferred

tax

£

Balance at 1 February 2025

1,760,221

Credit to Income Statement during year

(33,577

)

Balance at 31 January 2026

1,726,644

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

1,000

Ordinary shares

£1

1,000

10.

RESERVES

Fair

value

reserve

£

At 1 February 2025

5,274,103

Transfer of reserve

(135,000

)

At 31 January 2026

5,139,103

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2026 and 31 January 2025:

31.1.26

31.1.25

£

Mr B S Thorp

Balance outstanding at start of year

-

180,072

Amounts repaid

-

(180,072

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption allowed relating to subsidiaries where 100% of the voting rights are controlled within the group not to disclose transactions between the company and fellow group undertakings.