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REGISTERED NUMBER: 12666053 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 March 2024

for

Jog Along Limited

Jog Along Limited (Registered number: 12666053)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jog Along Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Ms M T Hudson





REGISTERED OFFICE: The View
Wilder Road
Ilfracombe
Devon
EX34 9AW





REGISTERED NUMBER: 12666053 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Jog Along Limited (Registered number: 12666053)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 179,062 223,876
Investment property 5 2,719,945 2,719,945
2,899,007 2,943,821

CURRENT ASSETS
Debtors 6 1,254 38,886
Cash at bank 5,406 5,331
6,660 44,217
CREDITORS
Amounts falling due within one year 7 (263,582 ) (315,273 )
NET CURRENT LIABILITIES (256,922 ) (271,056 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,642,085 2,672,765

CREDITORS
Amounts falling due after more than one year 8 (1,409,778 ) (1,409,846 )
NET ASSETS 1,232,307 1,262,919

CAPITAL AND RESERVES
Called up share capital 10 1,400,100 1,400,100
Retained earnings 11 (167,793 ) (137,181 )
SHAREHOLDERS' FUNDS 1,232,307 1,262,919

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 director acknowledges her 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.

Jog Along Limited (Registered number: 12666053)

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.

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 23 August 2024 and were signed by:





Ms M T Hudson - Director


Jog Along Limited (Registered number: 12666053)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Jog Along 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.

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. Trading losses were incurred this year, but the company is expected to make a profit in the next year. The director has also confirmed that she will continue to support the company. On this basis the policy is considered to be reasonable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

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

Jog Along Limited (Registered number: 12666053)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 405,933 23,596 1,102 430,631
DEPRECIATION
At 1 April 2023 196,440 10,005 310 206,755
Charge for year 41,898 2,718 198 44,814
At 31 March 2024 238,338 12,723 508 251,569
NET BOOK VALUE
At 31 March 2024 167,595 10,873 594 179,062
At 31 March 2023 209,493 13,591 792 223,876

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 2,719,945
NET BOOK VALUE
At 31 March 2024 2,719,945
At 31 March 2023 2,719,945

The investment property was valued on an open market basis on 31/03/24 by the director.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 39 37,543
Prepayments 1,215 1,343
1,254 38,886

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 261,500 275,500
Directors' current accounts - 37,793
Accrued expenses 2,082 1,980
263,582 315,273

Jog Along Limited (Registered number: 12666053)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans more 5 yrs non-inst 1,409,778 1,409,846

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,409,778 1,409,846

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 1,409,778 1,409,846

The bank loan is secured on the property known as 1-5 The View, Wilder Road, Ilfracombe.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,260,090 Ordinary A £1 1,260,090 1,260,090
140,010 Ordinary B £1 140,010 140,010
1,400,100 1,400,100

11. RESERVES
Retained
earnings
£   

At 1 April 2023 (137,181 )
Deficit for the year (30,612 )
At 31 March 2024 (167,793 )

12. RELATED PARTY DISCLOSURES

During the period, the company rented an apartment to Jog On Kitty Limited, a company under common control of the director of Jog Along Limited, for a total of £24,000.

At the period end, monies totalling £261,500 (2023: £275,500) were owed to Jog On Kitty Limited.