JFW Property Ltd - Filleted accounts

Registered number

12398273

JFW Property Ltd

Filleted Accounts

31 January 2026

JFW Property Ltd
Registered number:		12398273
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		86,654			86,654

Current assets
Cash at bank and in hand		4,887			2,597

Creditors: amounts falling due within one year	4	(37,364)			(36,739)

Net current liabilities			(32,477)			(34,142)

Total assets less current liabilities			54,177			52,512

Creditors: amounts falling due after more than one year	5		(41,635)			(45,645)



Net assets			12,542			6,867

Capital and reserves
Called up share capital			2			2
Profit and loss account			12,540			6,865

Shareholders' funds			12,542			6,867


The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Colin Wakefield
Director
Approved by the board on 21 October 2026

JFW Property Ltd
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover represents revenue earned from letting and is recognised upon receipt.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment			over 5 years

	Investment properties
	Investment properties are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is based on open market value.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.




2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					2		2



3	Tangible fixed assets
		Investment property		Office equipment		Motor vehicles		Total
£			£		£		£
	Cost
	At 31 January 2026	86,654		-		-		86,654

	Depreciation
	At 31 January 2026	-		-		-		-

	Net book value
	At 31 January 2026	86,654		-		-		86,654


	Freehold land and buildings:					2026		2025
£							£
	Historical cost					86,654		86,654
	Cumulative depreciation based on historical cost					-		-
						86,654		86,654

	There has been no significant change in open market values during the current accounting year.




4	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					3,000		3,000
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					-		-
	Taxation and social security costs					1,332		751
	Other creditors					32,210		32,208
						37,364		36,739




5	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					11,635		15,645
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					30,000		30,000
						41,635		45,645





6	Related party transactions
	Directors' loans
	Included in other creditors are loans due to the directors as follows: Emma Wakefield £17,071 Colin Wakefield £15,139



7	Other information

	JFW Property Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	5a Church Road South
	Woolton Village
	Liverpool
	L25 7RJ