Registered number
NI616037
Jeck Ltd
Filleted Accounts
29 February 2024
Jeck Ltd
Registered number: NI616037
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Plant and machinery 3 60,059 80,078
Investment properties 3 2,528,871 2,537,871
Other investments 4 541,569 4,375,522
3,130,499 6,993,471
Current assets
Debtors 5 8,584,625 2,177,371
Cash at bank and in hand 3,364,879 2,883,932
11,949,504 5,061,303
Creditors: amounts falling due within one year 6 (3,409,238) (608,506)
Net current assets 8,540,266 4,452,797
Total assets less current liabilities 11,670,765 11,446,268
Provisions for liabilities - (468,750)
Net assets 11,670,765 10,977,518
Capital and reserves
Called up share capital 202 202
Revaluation reserve 7 933,950 917,827
Profit and loss account 10,736,613 10,059,489
Shareholders' funds 11,670,765 10,977,518
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Cathal Boylan
Director
Approved by the board on 21 October 2024
Jeck Ltd
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rental of commercial and residential properties.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Reducing Balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Fixed Assets
Investment properties Plant and machinery Total
£ £ £
Valuation
At 1 March 2023 2,537,871 125,000 2,662,871
Additions 109,387 - 109,387
Movement on revaluation reserve 16,123 - 16,123
Disposals (134,510) - (134,510)
At 29 February 2024 2,528,871 125,000 2,653,871
Depreciation
At 1 March 2023 - 44,922 44,922
Charge for the year - 20,019 20,019
At 29 February 2024 - 64,941 64,941
Net book value
At 29 February 2024 2,528,871 60,059 2,588,930
At 28 February 2023 2,537,871 80,078 2,617,949
4 Other Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 March 2023 522 4,375,000 4,375,522
Additions - 541,147 541,147
Disposals (100) (4,375,000) (4,375,100)
At 29 February 2024 422 541,147 541,569
The company holds 100% of the shares of the following subsidiaries:
CCL Services (NI) Limited
CCL Contracts Limited (Republic of Ireland)
CCL Energy Limited
CCL Marine Limited
Glebe Capital Limited

Turmore Limited was sold in August 2023.
5 Debtors 2024 2023
£ £
Trade debtors 740 33,139
Amounts owed by group undertakings and undertakings in which the company has a participating interest 2,927,920 1,147,358
Commercial Loans 1,314,541 996,874
Other debtors 4,341,424 -
8,584,625 2,177,371
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 4,914 2,606
Amounts owed to group undertakings and undertakings in which the company has a participating interest 3,112,637 -
Taxation and social security costs 1,901 27,864
Other creditors 289,786 578,036
3,409,238 608,506
7 Revaluation reserve 2024 2023
£ £
At 1 March 2023 917,827 916,944
Gain on revaluation of investment properties 16,123 883
At 29 February 2024 933,950 917,827
8 Events after the reporting date
There have been no events occurring since the balance sheet date which would necessitate a revision of the above figures.
9 Capital commitments
There were no capital commitments at the year end.
10 Contingent liabilities
As far as the director is aware there were no contingent liabilities at the year end.
11 Related party transactions
Transactions have occurred between the company and it's subsidiary companies. All such transactions are at arms length. Jeck Ltd received dividends from its subsidiary companies as set out below:
2024 2023
£ £
Dividends received from CCL Contracts Ltd - 2,100,000
Dividends received from CCL Services (NI) Ltd - -
2024 2023
£ £
Amount due from/(to) CCL Services (NI) Ltd 2,898,205 753,726
Amount due from/(to) CCL Contracts Ltd (3,112,637) -
Amount due from/(to) Turmore Ltd - 353,592
Amount due from/(to) Glebe Capital Ltd 29,715 40,040
There were no transactions with directors outside the normal course of business.
12 Controlling party
The ultimate controlling party has been identified as Cathal Boylan, the managing director.
13 Other information
Jeck Ltd is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
Glebe House
Unit 7 Carnbane Business Park
Newry
Co. Down
BT34 6QH
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