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REGISTERED NUMBER: 01261244 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

JESTON LIMITED

JESTON LIMITED (REGISTERED NUMBER: 01261244)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JESTON LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: G Hatton
J A Alderson





REGISTERED OFFICE: 288 Church Street
Blackpool
Lancashire
FY1 3QA





REGISTERED NUMBER: 01261244 (England and Wales)





ACCOUNTANTS: ma2 (Blackpool) Limited
288 Church Street
Blackpool
Lancashire
FY1 3QA

JESTON LIMITED (REGISTERED NUMBER: 01261244)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 765,140 895,140
765,140 895,140

CURRENT ASSETS
Debtors 6 200 200
Cash at bank 62,599 54,864
62,799 55,064
CREDITORS
Amounts falling due within one year 7 91,071 225,854
NET CURRENT LIABILITIES (28,272 ) (170,790 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

736,868

724,350

CREDITORS
Amounts falling due after more than one
year

8

-

17,283
NET ASSETS 736,868 707,067

CAPITAL AND RESERVES
Called up share capital 10 200 200
Revaluation reserve 11 237,690 295,981
Retained earnings 498,978 410,886
SHAREHOLDERS' FUNDS 736,868 707,067

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

JESTON LIMITED (REGISTERED NUMBER: 01261244)

BALANCE SHEET - continued
31 March 2023


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 2 October 2023 and were signed on its behalf by:





G Hatton - Director


JESTON LIMITED (REGISTERED NUMBER: 01261244)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Jeston Limited 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 preparing the financial statements
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.

Turnover
Turnover represents rent receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 32,795 409 33,204
DEPRECIATION
At 1 April 2022
and 31 March 2023 32,795 409 33,204
NET BOOK VALUE
At 31 March 2023 - - -
At 31 March 2022 - - -

JESTON LIMITED (REGISTERED NUMBER: 01261244)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 895,140
Disposals (130,000 )
At 31 March 2023 765,140
NET BOOK VALUE
At 31 March 2023 765,140
At 31 March 2022 895,140

Included in the cost or valuation of investment property is freehold land and buildings of £765,140 (202 - £895,140) which is not depreciated.

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2022 765,140

If the properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 527,450 599,159

Investment property was valued on an open market basis on 31 March 2022 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 200 200

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 1,980
Tax 7,345 6,717
Other creditors 2,976 2,976
Directors' current accounts 79,648 213,343
Accruals and deferred income 1,102 838
91,071 225,854

JESTON LIMITED (REGISTERED NUMBER: 01261244)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years - 7,920
Bank loans more 5 yr by instal - 9,363
- 17,283

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 9,363

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 19,263

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary A £1 100 100
51 Ordinary B £1 51 51
49 Ordinary C £1 49 49
200 200

The company's Articles of Association (as adopted by Special Resolution passed on 31st March 2006 state
that the "A" shares "B" shares and "C" shares shall be deemed to represent separate classes of shares for such purposes as are specifically provided for in those articles. In all other aspects they shall rank pari passu as if they constituted one class of shares.

The purposes for which they shall be deemed to represent separate classes of shares are:

1. There are no voting rights attached to the "B" and "C" shares.

11. RESERVES
Revaluation
reserve
£   
At 1 April 2022 295,981
Disposal (58,291 )

At 31 March 2023 237,690

JESTON LIMITED (REGISTERED NUMBER: 01261244)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


12. RELATED PARTY DISCLOSURES

Ultimate control of the company is held by Mr G Hatton.