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REGISTERED NUMBER: 00628973 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Jackson & Lakin(Freckingham Street)
Limited

Jackson & Lakin(Freckingham Street)
Limited (Registered number: 00628973)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Jackson & Lakin(Freckingham Street)
Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mrs C A Bendy
Mr R E Bendy





SECRETARY: Mrs C A Bendy





REGISTERED OFFICE: Alexandra House
43 Alexandra Street
Nottingham
Nottinghamshire
NG5 1AY





REGISTERED NUMBER: 00628973 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Alexandra House
43 Alexandra St
Nottingham
Nottinghamshire
NG5 1AY

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Jackson & Lakin(Freckingham Street)
Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jackson & Lakin(Freckingham Street) Limited for the year ended 31 May 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Jackson & Lakin(Freckingham Street) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Jackson & Lakin(Freckingham Street) Limited and state those matters that we have agreed to state to the Board of Directors of Jackson & Lakin(Freckingham Street) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jackson & Lakin(Freckingham Street) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Jackson & Lakin(Freckingham Street) 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 Jackson & Lakin(Freckingham Street) Limited. You consider that Jackson & Lakin(Freckingham Street) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Jackson & Lakin(Freckingham Street) 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.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Alexandra House
43 Alexandra St
Nottingham
Nottinghamshire
NG5 1AY


30 October 2023

Jackson & Lakin(Freckingham Street)
Limited (Registered number: 00628973)

Statement of Financial Position
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,731 3,172
Investments 5 132,724 132,656
Investment property 6 675,000 675,000
810,455 810,828

CURRENT ASSETS
Debtors 7 131,932 131,841
Cash at bank 141,023 269,335
272,955 401,176
CREDITORS
Amounts falling due within one year 8 5,237 17,520
NET CURRENT ASSETS 267,718 383,656
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,078,173

1,194,484

PROVISIONS FOR LIABILITIES 47,584 47,668
NET ASSETS 1,030,589 1,146,816

CAPITAL AND RESERVES
Called up share capital 9 10,524 10,524
Revaluation reserve 10 379,672 379,672
Retained earnings 640,393 756,620
SHAREHOLDERS' FUNDS 1,030,589 1,146,816

Jackson & Lakin(Freckingham Street)
Limited (Registered number: 00628973)

Statement of Financial Position - continued
31 May 2023


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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2023 and were signed on its behalf by:





Mr R E Bendy - Director


Jackson & Lakin(Freckingham Street)
Limited (Registered number: 00628973)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Jackson & Lakin(Freckingham Street) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable for rental income, net of value added tax.

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 reducing balance
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Jackson & Lakin(Freckingham Street)
Limited (Registered number: 00628973)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

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 June 2022
and 31 May 2023 9,524 575 10,099
DEPRECIATION
At 1 June 2022 6,547 380 6,927
Charge for year 298 143 441
At 31 May 2023 6,845 523 7,368
NET BOOK VALUE
At 31 May 2023 2,679 52 2,731
At 31 May 2022 2,977 195 3,172

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 June 2022 128,040 4,616 132,656
Additions - 68 68
At 31 May 2023 128,040 4,684 132,724
NET BOOK VALUE
At 31 May 2023 128,040 4,684 132,724
At 31 May 2022 128,040 4,616 132,656

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 675,000
NET BOOK VALUE
At 31 May 2023 675,000
At 31 May 2022 675,000

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2023 675,000

Jackson & Lakin(Freckingham Street)
Limited (Registered number: 00628973)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 248,508 248,508

Investment property was valued on an open market basis on 31 May 2023 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,932 11,841
Amounts owed by associates 120,000 120,000
131,932 131,841

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 2,640 13,035
Other creditors 2,597 4,485
5,237 17,520

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
4,599 Ordinary A Shares £1.00 4,599 4,599
2,962 Ordinary B Shares £1.00 2,962 2,962
2,963 Ordinary C Shares £1.00 2,963 2,963
10,524 10,524

10. RESERVES
Revaluation
reserve
£   
At 1 June 2022
and 31 May 2023 379,672

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £20,000 were paid to the directors .

At 31 May 2023, the company was owed from Jackson & Lakin Limited £120,000 (2022: £120,000), a company in which participating interest is held.