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REGISTERED NUMBER: 05960677 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31st October 2023

for

Jacob Sykes Limited

Jacob Sykes Limited (Registered number: 05960677)






Contents of the Financial Statements
for the Year Ended 31st October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jacob Sykes Limited

Company Information
for the Year Ended 31st October 2023







DIRECTOR: J H H Sykes





SECRETARY: N D Ball





REGISTERED OFFICE: Stud Farm
Station Road
North Kilworth
Leicestershire
LE17 6JD





REGISTERED NUMBER: 05960677 (England and Wales)





ACCOUNTANTS: Barker & Co
Chartered Accountants
Watling Offices
Smockington Lane
Wolvey
Hinckley
Leicestershire
LE10 3AY

Jacob Sykes Limited (Registered number: 05960677)

Balance Sheet
31st October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 339,025 339,025

CURRENT ASSETS
Debtors 5 318,057 327,520
Cash at bank 5,703 7,029
323,760 334,549
CREDITORS
Amounts falling due within one year 6 72,474 51,078
NET CURRENT ASSETS 251,286 283,471
TOTAL ASSETS LESS CURRENT
LIABILITIES

590,311

622,496

CREDITORS
Amounts falling due after more than one
year

7

604,262

620,732
NET (LIABILITIES)/ASSETS (13,951 ) 1,764

CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings (13,954 ) 1,761
SHAREHOLDERS' FUNDS (13,951 ) 1,764

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Jacob Sykes Limited (Registered number: 05960677)

Balance Sheet - continued
31st October 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 director and authorised for issue on 31st July 2024 and were signed by:





J H H Sykes - Director


Jacob Sykes Limited (Registered number: 05960677)

Notes to the Financial Statements
for the Year Ended 31st October 2023

1. STATUTORY INFORMATION

Jacob Sykes 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.

Turnover
Turnover represents sales of services and rents received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Not provided on development properties
Equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold
property Equipment Totals
£    £    £   
COST
At 1st November 2022
and 31st October 2023 339,025 878 339,903
DEPRECIATION
At 1st November 2022
and 31st October 2023 - 878 878
NET BOOK VALUE
At 31st October 2023 339,025 - 339,025
At 31st October 2022 339,025 - 339,025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Client deposits held by agent 3,981 -
Working fund deposits 1,556 -
Fosse Meadows Farm Loan 312,520 327,520
318,057 327,520

Jacob Sykes Limited (Registered number: 05960677)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Client deposits 5,135 1,154
Director's current account 16,333 15,623
Accruals 1,620 2,920
Mortgage 49,386 31,381
72,474 51,078

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Mortgage 604,262 620,732

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage 604,262 620,732

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Mortgage 653,647 652,113

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary "A" £1 1 1
1 Ordinary "B" £1 1 1
1 Ordinary "C" £1 1 1
3 3

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director J H H Sykes made the following advances to the company during the year:-

Use of home as office(312)
Private expenses (398)

No interest was payable by the company on the director's loan account.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J H H Sykes.