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REGISTERED NUMBER: 01432962 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

JEZCROFT LIMITED

JEZCROFT LIMITED (REGISTERED NUMBER: 01432962)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


JEZCROFT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs J E Wallace
Mr S J Wallace



REGISTERED OFFICE: 25 Dalton Road
Askam-in-Furness
Cumbria
LA16 7AP



REGISTERED NUMBER: 01432962 (England and Wales)



BANKERS: Barclays Bank plc
Leicestershire
LE87 2BB

JEZCROFT LIMITED (REGISTERED NUMBER: 01432962)

ABRIDGED BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 81 95
Investment property 5 415,000 415,000
415,081 415,095

CURRENT ASSETS
Cash at bank 11,975 10,784

CREDITORS
Amounts falling due within one year 14,018 12,291
NET CURRENT LIABILITIES (2,043 ) (1,507 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

413,038

413,588

CAPITAL AND RESERVES
Called up share capital 7 2 2
Revaluation reserve 393,173 393,173
Retained earnings 19,863 20,413
SHAREHOLDERS' FUNDS 413,038 413,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

JEZCROFT LIMITED (REGISTERED NUMBER: 01432962)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2024 and were signed on its behalf by:





Mrs J E Wallace - Director


JEZCROFT LIMITED (REGISTERED NUMBER: 01432962)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Jezcroft 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.

The financial statements have been prepared on the going concern basis the directors having agreed to continue to support the company.

Turnover
Turnover represents amounts receivable in respect of rental income.

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 - 15% on reducing balance

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.

Investment properties
All of the company's properties are held for long-term investment and are included in the Balance Sheet at open market value. The surpluses or deficits on revaluation of freehold properties are transferred to the investment property revaluation reserve. Depreciation is not provided in respect of investment properties which is a departure from the Companies Act 2006. Depreciation if provided would not have been of a material nature

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 7,069
DEPRECIATION
At 1 April 2023 6,974
Charge for year 14
At 31 March 2024 6,988
NET BOOK VALUE
At 31 March 2024 81
At 31 March 2023 95

JEZCROFT LIMITED (REGISTERED NUMBER: 01432962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 415,000
NET BOOK VALUE
At 31 March 2024 415,000
At 31 March 2023 415,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 415,000

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

31.3.24 31.3.23
£    £   
Cost 21,827 21,827

6. SECURED DEBTS

Barclays Bank Plc holds 2 legal charges over the freehold land and Cliffe House regarding all monies due from the company to the chargee on any account whatsoever.

Barclays Bank Plc holds 1 legal charge on 1 and 3 Moor Road, Ireleth regarding all monies due or to become due from the company to the chargee on any account whatsoever.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2