Company Registration No. SC712116 (Scotland)
Jacks Homes Ltd
Unaudited accounts
for the year ended 31 March 2024
Jacks Homes Ltd
Unaudited accounts
Contents
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
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
Jacks Homes Ltd
Statement of financial position
as at 31 March 2024
Called up share capital not paid
1
1
Investment property
190,521
88,127
Cash at bank and in hand
2,058
5,605
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
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
Jacks Homes Ltd
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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
Additions
-
150
7,983
529
8,662
At 31 March 2024
-
150
7,983
529
8,662
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
At 31 March 2024
-
142
7,152
367
7,661
At 31 March 2023
960
-
-
-
960
Fair value at 1 April 2023
88,127
Transfers from tangible fixed assets
960
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
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Loans from directors
69,265
22,815
8
Creditors: amounts falling due after more than one year
2024
2023
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).