Company No: 11677379 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Balance Sheet
• Notes to the Financial Statements

Director

J Slade

Registered office	22 Seaview Road
	Brighton
	BN2 6DF
	United Kingdom

Company number

11677379 (England and Wales)

Accountant	Kreston Reeves LLP
	1st Floor
	8a Ship Street
	Brighton
	BN1 1AZ

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of JMS Property Connections Limited for the financial year ended 31 March 2026 which comprise the Balance Sheet and the related notes 1 to 8 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 at www.icaew.com/regulation.

This report is made solely to the Director of JMS Property Connections Limited, as a body, in accordance with the terms of our engagement letter dated 09 February 2026. Our work has been undertaken solely to prepare for your approval the financial statements of JMS Property Connections Limited and state those matters that we have agreed to state to the director of JMS Property Connections Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JMS Property Connections Limited and its Director as a body for our work or for this report.

It is your duty to ensure that JMS Property Connections 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 loss of JMS Property Connections Limited. You consider that JMS Property Connections Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of JMS Property Connections 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.

Kreston Reeves LLP
Accountant

1st Floor
8a Ship Street
Brighton
BN1 1AZ

30 October 2026

	Note	2026		2025
		£		£
				Restated - note 2
Fixed assets
Investment property	4	380,000		405,000
		380,000		405,000
Current assets
Cash at bank and in hand		11,565		6,291
		11,565		6,291
Creditors: amounts falling due within one year	5	( 40,098)		( 29,539)
Net current liabilities		(28,533)		(23,248)
Total assets less current liabilities		351,467		381,752
Creditors: amounts falling due after more than one year	6	( 238,169)		( 249,998)
Net assets		113,298		131,754
Capital and reserves
Called-up share capital	7	1		1
Revaluation reserve		65,000		90,000
Profit and loss account		48,297		41,753
Total shareholder's funds		113,298		131,754

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.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of JMS Property Connections Limited (registered number: 11677379) were approved and authorised for issue by the Director on 30 October 2026. They were signed on its behalf by:

J Slade Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

JMS Property Connections Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 22 Seaview Road, Brighton, BN2 6DF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Prior year adjustment

A prior period adjustment has been made as a result of a prior period presentation error to correct the classification of the fixed assets, creditors and equity.

The prior year figures have been restated to reflect this correction. The impact of the adjustment is summarised as follows:

Fixed assets decreased by £416,500 (prior year)
Creditors decreased by £417,552 (prior year)
Equity increased by £1,052 (prior year)

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding value added tax.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Prior year adjustment

During the year, the directors identified errors in the accounting records relating to the year ended 31 March 2025.
 
Certain transactions and balances had been recognised in the company's financial statements which, following further review, were determined not to relate to the company. Accordingly, the comparative figures have been restated to remove these balances and the related income and expenditure.
 
The restatement has resulted in:
 
• the derecognition of an investment property;
• the derecognition of a related loan liability;
• the removal of amounts recognised within amounts due to connected companies; and
• the reversal of associated income and expenditure recognised within the profit and loss account.

During the year, the directors identified that historic property revaluation gains of £90,000 had been incorrectly recognised within the profit and loss account. The comparative figures have been restated to reclassify these gains from profit and loss reserves to the revaluation reserve. The adjustment has no effect on the company's net assets or profit for the current year.

The corrections have been accounted for as a prior period adjustment. The comparative figures presented within these financial statements have been restated accordingly.

		As previously reported		Adjustment		As restated
Year ended 31 March 2025		£		£		£
Fixed assets		821,500		(416,500)		405,000
Creditors: amounts falling due after more than one year		(670,925)		420,927		(249,998)
Creditors: amounts falling due within one year		(26,164)		(3,375)		(29,539)
Profit and loss account		(130,701)		88,948		(41,753)
Revaluation reserve		0		(90,000)		(90,000)

3. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2025	405,000
Fair value movement	(25,000)
As at 31 March 2026	380,000

Valuation

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

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2026		2025
	£		£
Historic cost	315,000		315,000

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans	19,992		22,250
Amounts owed to director	17,346		3,826
Accruals	1,225		775
Taxation and social security	1,535		2,688
	40,098		29,539

6. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans	158,607		164,136
Amounts owed to connected companies	79,562		85,862
	238,169		249,998

There are no amounts included above in respect of which any security has been given by the small entity.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2026		2025
	£		£
Bank loans	75,923		97,009

7. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 (2025: nil shares)	1		0

8. Related party transactions

Transactions with the entity's director

During the year the director provided the company with an interest-free, unsecured loan repayable on demand. The balance due to the director at the end of the year was £17,346 (2025: £3,826).