ACCOUNTS - Final Accounts

Company registration number: 08447340

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 JANUARY 2026

	JAMES IRVIN LTD


JAMES IRVIN LTD

COMPANY INFORMATION

Director	J D R Irvin


Registered number	08447340


Registered office	2nd Floor Midas House
	62 Goldsworth Road
	Woking
	Surrey
	GU21 6LQ


Accountants	Menzies LLP
	Chartered Accountants
	2nd Floor, Midas House
	62 Goldsworth Road
	Woking
	Surrey
	GU21 6LQ

Page 1


JAMES IRVIN LTD REGISTERED NUMBER:08447340

STATEMENT OF FINANCIAL POSITION

AS AT 31 JANUARY 2026

		2026		2025
Note		£		£

Fixed assets
Tangible assets	5		4,913		10,040
Investment property			420,351		420,351
			425,264		430,391
Current assets
Bank and cash balances		45,841		37,954
		45,841		37,954
Creditors: amounts falling due within one year	7	(341,297)		(363,686)
Net current liabilities			(295,456)		(325,732)
Total assets less current liabilities			129,808		104,659
Provisions for liabilities
Deferred tax		(189)		-
			(189)		-
Net assets			129,619		104,659

Capital and reserves
Called up share capital	100	100
Profit and loss account	129,519	104,559
	129,619	104,659

Page 2


JAMES IRVIN LTD REGISTERED NUMBER:08447340

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JANUARY 2026

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

J D R Irvin

Director

Date: 30 October 2026

The notes on pages 4 to 8 form part of these financial statements.

Page 3


JAMES IRVIN LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

1.	General information

James Irvin Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is disclosed on the company information page.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue consists of rental income and is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable.

2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery

10%

Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4


JAMES IRVIN LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.5

Investment property

Investment property is carried at fair value determined annually by the Directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 5


JAMES IRVIN LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Employees

The average monthly number of employees, including directors, during the year was 1 (2025 - 1).

4.	Intangible assets

		Goodwill
		£
	Cost
	At 1 February 2025	35,000
	At 31 January 2026	35,000
	Amortisation
	At 1 February 2025	35,000
	At 31 January 2026	35,000
	Net book value
	At 31 January 2026	-
	At 31 January 2025	-

Page 6


JAMES IRVIN LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

5.	Tangible fixed assets

		Plant and machinery
		£
	Cost or valuation
	At 1 February 2025	78,501
	At 31 January 2026	78,501
	Depreciation
	At 1 February 2025	68,461
	Charge for the year on owned assets	5,127
	At 31 January 2026	73,588
	Net book value
	At 31 January 2026	4,913
	At 31 January 2025	10,040

6.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 February 2025	420,351
	At 31 January 2026	420,351

The 2026 valuations were made by the company's director, on an open market value for existing use basis.

Page 7


JAMES IRVIN LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

7.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Corporation tax	9,965	24,246
Other creditors	305,036	335,036
Accruals and deferred income	26,296	4,404
	341,297	363,686

8.	Transactions with Director
		Brought Forward	Advance/ Credit	Repaid	Carried Forward
		£	£	£	£

	Directors loan	(334,224)	30,000	-	(304,224)
		(334,224)	30,000	-	(304,224)

No interest was charged on this loan during the year.

9.	Related party transactions
	At the balance sheet date, included within other creditors is an amount the company owed totalling £812 (2025 - £812) to J C Amusements Limited, a company in which the director holds shares. This balance represents a loan which is unsecured, interest-free, and repayable on demand.

Page 8