1 April 2023 false No description of principal activity Taxfiler 2024.5 SC712116business:PrivateLimitedCompanyLtd2023-04-012024-03-31 SC7121162023-03-31 SC7121162023-04-012024-03-31 SC712116business:AuditExemptWithAccountantsReport2023-04-012024-03-31 SC712116business:FilletedAccounts2023-04-012024-03-31 SC7121162024-03-31 SC712116business:Director12023-04-012024-03-31 SC712116business:RegisteredOffice2023-04-012024-03-31 SC7121162023-03-31 SC712116core:WithinOneYear2024-03-31 SC712116core:WithinOneYear2023-03-31 SC712116core:AfterOneYear2024-03-31 SC712116core:AfterOneYear2023-03-31 SC712116core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 SC712116core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 SC712116core:PreviouslyStatedAmount2024-03-31 SC712116core:PreviouslyStatedAmount2023-03-31 SC712116business:SmallEntities2023-04-012024-03-31 SC712116countries:Scotland2023-04-012024-03-31 SC712116core:PlantMachinery2023-04-012024-03-31 SC712116core:FurnitureFittings2023-04-012024-03-31 SC712116core:ComputerEquipment2023-04-012024-03-31 SC712116core:LandBuildings2023-03-31 SC712116core:PlantMachinery2023-03-31 SC712116core:FurnitureFittings2023-03-31 SC712116core:ComputerEquipment2023-03-31 SC712116core:LandBuildings2023-04-012024-03-31 SC712116core:LandBuildings2024-03-31 SC712116core:PlantMachinery2024-03-31 SC712116core:FurnitureFittings2024-03-31 SC712116core:ComputerEquipment2024-03-31 SC7121162022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. SC712116 (Scotland)
Jacks Homes Ltd Unaudited accounts for the year ended 31 March 2024
Jacks Homes Ltd Unaudited accounts Contents
Page
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Jacks Homes Ltd Company Information for the year ended 31 March 2024
Director
Sarah Louise Jack
Company Number
SC712116 (Scotland)
Registered Office
Craggiemore Farmhouse Daviot Inverness IV2 5XQ Scotland
Accountants
Kerry Mackinnon Signature Accounting Solutions Ltd 93 Suilven Way Inverness Highland IV3 8PE
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Jacks Homes Ltd Accountants' report
Accountants' report to the director of Jacks Homes Ltd (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 March 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 March 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Kerry Mackinnon Signature Accounting Solutions Ltd 93 Suilven Way Inverness Highland IV3 8PE 18 September 2024
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Jacks Homes Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
1 
1 
Fixed assets
Tangible assets
7,661 
960 
Investment property
190,521 
88,127 
198,182 
89,087 
Current assets
Debtors
2,095 
700 
Cash at bank and in hand
2,058 
5,605 
4,153 
6,305 
Creditors: amounts falling due within one year
(69,715)
(28,775)
Net current liabilities
(65,562)
(22,470)
Total assets less current liabilities
132,621 
66,618 
Creditors: amounts falling due after more than one year
(133,514)
(63,500)
Net (liabilities)/assets
(893)
3,118 
Capital and reserves
Profit and loss account
(893)
3,118 
Shareholders' funds
(893)
3,118 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 September 2024 and were signed on its behalf by
Sarah Louise Jack Director Company Registration No. SC712116
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Jacks Homes Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Jacks Homes Ltd is a private company, limited by shares, registered in Scotland, registration number SC712116. The registered office is Craggiemore Farmhouse, Daviot, Inverness, IV2 5XQ, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33%
Fixtures & fittings
33%
Computer equipment
33%
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Jacks Homes Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
- 
- 
- 
- 
- 
Additions
- 
150 
7,983 
529 
8,662 
At 31 March 2024
- 
150 
7,983 
529 
8,662 
Depreciation
At 1 April 2023
(960)
- 
- 
- 
(960)
Charge for the year
960 
8 
831 
162 
1,961 
At 31 March 2024
- 
8 
831 
162 
1,001 
Net book value
At 31 March 2024
- 
142 
7,152 
367 
7,661 
At 31 March 2023
960 
- 
- 
- 
960 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
88,127 
Additions
101,434 
Transfers from tangible fixed assets
960 
At 31 March 2024
190,521 
The business has elected to use the Fair Value reporting model. Both properties have a current home report. 42 Inverbreakie Drive was surveyed by Ruth Brown of Walker Fraser Steele LLP 8a Alexander Place was surveyed by James Burns of Allied Surveyors Scotland Plc
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
695 
- 
Other debtors
1,400 
700 
2,095 
700 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
- 
5,960 
Loans from directors
69,265 
22,815 
Accruals
450 
- 
69,715 
28,775 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
133,514 
63,500 
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Jacks Homes Ltd Notes to the Accounts for the year ended 31 March 2024
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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