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REGISTERED NUMBER: 03461130 (England and Wales)













Financial Statements

for the Year Ended 31 December 2023

for

Jagger Homes Limited

Jagger Homes Limited (Registered number: 03461130)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Jagger Homes Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr D M Jagger deceased
Mr A D Jagger
Mr N Jagger



SECRETARY: Mr A D Jagger



REGISTERED OFFICE: Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN



REGISTERED NUMBER: 03461130 (England and Wales)



ACCOUNTANTS: Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN



BANKERS: HSBC Bank plc
221 High Street
LINCOLN
Lincolnshire
LN1 1TS



SOLICITORS: Nelsons
30 Avenue Road
GRANTHAM
Lincolnshire
NG31 6TH

Jagger Homes Limited (Registered number: 03461130)

Abridged Statement of Financial Position
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 666 784
Investment property 5 650,000 650,000
650,666 650,784

CURRENT ASSETS
Debtors 596 596
Cash at bank 89,351 164,461
89,947 165,057
CREDITORS
Amounts falling due within one year 60,551 135,057
NET CURRENT ASSETS 29,396 30,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

680,062

680,784

PROVISIONS FOR LIABILITIES 47,210 47,232
NET ASSETS 632,852 633,552

CAPITAL AND RESERVES
Called up share capital 150,000 150,000
Retained earnings 6 482,852 483,552
SHAREHOLDERS' FUNDS 632,852 633,552

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Jagger Homes Limited (Registered number: 03461130)

Abridged Statement of Financial Position - continued
31 December 2023


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 Statement of Financial Position for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:





Mr N Jagger - Director


Jagger Homes Limited (Registered number: 03461130)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Jagger Homes 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable.

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 - 15% Reducing balance

Investment property
Investment property is property that is held to generate rental income and/or held for capital appreciation. Investment property is initially measured at cost and subsequently revalued to fair value at each reporting date with changes in fair value recognised in profit or loss in the year they arise.

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.


Jagger Homes Limited (Registered number: 03461130)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Rental income
The rents received relate to the fixed asset investment property. Rental income from operating leases is recognised on a straight line basis over the term of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 12,055
DEPRECIATION
At 1 January 2023 11,271
Charge for year 118
At 31 December 2023 11,389
NET BOOK VALUE
At 31 December 2023 666
At 31 December 2022 784

Jagger Homes Limited (Registered number: 03461130)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 650,000
NET BOOK VALUE
At 31 December 2023 650,000
At 31 December 2022 650,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2022 650,000

If the investment property had not been revalued it would have been included at the following historical cost:

31/12/23 31/12/22
£    £   
Cost 231,395 231,395
Aggregate depreciation (104,581 ) (99,953 )

If the investment property was sold at the revalued amount of £650,000 there would be additional corporation tax due of approximately £47,083 (2022 - £47,083).

Income received from the fixed asset investment for the year totalled £46,000 (2022 - £46,000).

At 31 December 2023 the director of Jagger Homes Limited valued the property at a fair value of £650,000, the director used the rental yield basis and applied a rental yield of 7%.

6. RESERVES
Retained
earnings
£   

At 1 January 2023 483,552
Profit for the year 31,300
Dividends (32,000 )
At 31 December 2023 482,852

Included within reserves is an amount of £371,522 (2022 - £371,522) which relates to an upward revaluation of investment properties, this amount does not represent distributable reserves.

Jagger Homes Limited (Registered number: 03461130)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. RELATED PARTY DISCLOSURES

Included in creditors is a balance of £37,461 (2022 - £105,691) representing the amount owed to Mr D M Jagger, director of the company. This loan is interest free and not secured.