Registration number: 14567496

J-Mac Properties Ltd

Contents

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

J-Mac Properties Ltd

Company Information

Directors

Mr Jake Wright Mr Daniel Crooks

Registered office

38 St Stephen Street Salford United Kingdom M3 6AY

Accountants

Horne Brooke Shenton 15 Olympic Court Boardmans Way, Whitehills Business Park Blackpool FY4 5GU

J-Mac Properties Ltd

(Registration number: 14567496)
Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed Assets
Tangible Assets	4	88,127	1,473
Investment property	5	1,016,651	165,000
		1,104,778	166,473
Current assets
Debtors	6	7,801	304
Cash at bank and in hand		515,184	120,219
		522,985	120,523
Creditors: Amounts falling due within one year	7	(69,527)	(154,565)
Net current assets/(liabilities)		453,458	(34,042)
Total assets less current liabilities		1,558,236	132,431
Creditors: Amounts falling due after more than one year	7	(1,612,855)	(89,405)
Provisions for liabilities		(9,400)	(8,166)
Net (liabilities)/assets		(64,019)	34,860
Capital and Reserves
Called up share capital	9	100	4
Retained Earnings		(64,119)	34,856
Shareholders' (deficit)/funds		(64,019)	34,860

For the financial year ending 31 January 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 October 2026 and signed on its behalf by:
 

......................................... Mr Daniel Crooks Director

J-Mac Properties Ltd

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

1	General information

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

The address of its registered office is:
38 St Stephen Street
Salford
M3 6AY
United Kingdom

These financial statements were authorised for issue by the Board on 30 October 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.

The presentation currency is £ Sterling.

Going concern

The financial statements have been prepared on a going concern basis, with management having given due consideration to the company’s ability to continue as a going concern for at least the next twelve months.

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 turnover 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.

J-Mac Properties Ltd

Notes to the Unaudited Financial Statements for the year ended 31 January 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:

Depreciation method and rate for Tangible Assets
Asset class	Depreciation method and rate
Office equipment	33% Straight line
Fixtures & Fittings	20% Straight line

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. 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.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

J-Mac Properties Ltd

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade Creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

J-Mac Properties Ltd

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

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.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2025 - 0).

J-Mac Properties Ltd

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

4	Tangible Assets

	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 February 2025	-	2,209	2,209
Additions	109,237	-	109,237
At 31 January 2026	109,237	2,209	111,446
Depreciation
At 1 February 2025	-	736	736
Charge for the year	21,847	736	22,583
At 31 January 2026	21,847	1,472	23,319
Carrying amount
At 31 January 2026	87,390	737	88,127
At 31 January 2025	-	1,473	1,473

5	Investment properties

	2026 £
At 1 February	165,000
Additions	851,651
At 31 January	1,016,651

6

Debtors

Current	2026 £	2025 £
Prepayments	5,138	304
Other debtors	2,663	-
	7,801	304

J-Mac Properties Ltd

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	10	10,408	-
Accruals and deferred income		2,715	1,842
Other creditors		56,404	152,723
		69,527	154,565

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	10	1,612,855	89,405

8	Provisions for liabilities

	Deferred tax £	Total £
At 1 February 2025	8,166	8,166
Increase (decrease) in existing provisions	1,234	1,234
At 31 January 2026	9,400	9,400

9	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	-	-	2	2
Ordinary A of £1 each	-	-	2	2
Ordinary of £0.01 (2025 - £0) each	9,999	100	-	-
	9,999	100	4	4

During the year, all Ordinary A class shares were cancelled, the existing ordinary share capital was sub-divided into shares with a nominal value of £0.01 each, and further ordinary £0.01 shares were issued so that a total of 9,999 ordinary shares were in circulation.
 

J-Mac Properties Ltd

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

10	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	743,866	89,405
Other borrowings	868,989	-
	1,612,855	89,405

Current loans and borrowings

	2026 £	2025 £
Other borrowings	10,408	-

10 Unrealised gains on investment property

The company holds investment property which is measured at fair value in accordance with FRS 102 Section 16. At the balance sheet date, the carrying amount of investment property includes unrealised gains of £50,399 (2025: £50,399) arising from fair value adjustments.
These gains have been recognised in profit or loss and are included within retained earnings. As they are unrealised, they are not considered distributable for dividend purposes under UK company law. The directors have therefore designated an equivalent amount within retained earnings as a non-distributable reserve.