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REGISTERED NUMBER: 00528685 (England and Wales)














Unaudited Financial Statements

for the Year Ended 4 April 2024

for

N.Jackson Limited

N.Jackson Limited (Registered number: 00528685)






Contents of the Financial Statements
for the Year Ended 4 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N.Jackson Limited

Company Information
for the Year Ended 4 April 2024







DIRECTOR: Dr N D Jackson





REGISTERED OFFICE: c/o Freedman Frankl & Taylor
Reedham House
31 King Street West
Manchester
M3 2PJ





REGISTERED NUMBER: 00528685 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

N.Jackson Limited (Registered number: 00528685)

Balance Sheet
4 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 125,039 125,049

CURRENT ASSETS
Debtors 5 62,269 57,940
Cash at bank 71,278 67,712
133,547 125,652
CREDITORS
Amounts falling due within one year 6 5,918 5,003
NET CURRENT ASSETS 127,629 120,649
TOTAL ASSETS LESS CURRENT
LIABILITIES

252,668

245,698

PROVISIONS FOR LIABILITIES 12,005 12,011
NET ASSETS 240,663 233,687

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 7 98,572 98,572
Other reserves 14,742 14,742
Retained earnings 126,349 119,373
SHAREHOLDERS' FUNDS 240,663 233,687

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 4 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 4 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

N.Jackson Limited (Registered number: 00528685)

Balance Sheet - continued
4 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 January 2025 and were signed by:





Dr N D Jackson - Director


N.Jackson Limited (Registered number: 00528685)

Notes to the Financial Statements
for the Year Ended 4 April 2024

1. STATUTORY INFORMATION

N.Jackson 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 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.

Fixtures and fittings - 20% on reducing balance

No depreciation is provided on the freehold property as it is the policy of the company to regularly maintain and repair the property such that its expected residual value is greater than cost. The director considers the estimated useful life of the freehold property to be 50 years.

Tangible fixed assets are initially recorded at cost less any tax, discounts and rebates. Subsequently they are recorded 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 Statement of Income and Retained Earnings, 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.

N.Jackson Limited (Registered number: 00528685)

Notes to the Financial Statements - continued
for the Year Ended 4 April 2024

2. ACCOUNTING POLICIES - continued

Going concern
The company's financial statements for the year ended 4 April 2024 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 5 April 2023
and 4 April 2024 125,000 1,444 126,444
DEPRECIATION
At 5 April 2023 - 1,395 1,395
Charge for year - 10 10
At 4 April 2024 - 1,405 1,405
NET BOOK VALUE
At 4 April 2024 125,000 39 125,039
At 4 April 2023 125,000 49 125,049

Cost or valuation at 4 April 2024 is represented by:

Fixtures
Freehold and
property fittings Totals
£    £    £   
Valuation in 2017 122,000 - 122,000
Valuation in 2019 (5,000 ) - (5,000 )
Cost 8,000 1,444 9,444
125,000 1,444 126,444

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

2024 2023
£    £   
Cost 8,000 8,000

The freehold property was valued on an open market basis on 30 June 2019 by WT Gunson, Chartered Surveyors .

N.Jackson Limited (Registered number: 00528685)

Notes to the Financial Statements - continued
for the Year Ended 4 April 2024

4. TANGIBLE FIXED ASSETS - continued

The director considers the market value of the freehold property not to be materially different from the value stated in the financial statements as at 4 April 2024.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,130 1,180
Other debtors 56,139 56,760
62,269 57,940

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,620 1,620
Taxation and social security 1,637 1,763
Other creditors 2,661 1,620
5,918 5,003

7. RESERVES
Fair
value
reserve
£   
At 5 April 2023
and 4 April 2024 98,572

8. RELATED PARTY DISCLOSURES

Included within other debtors is a balance amounting to of £30,001 (2023: £30,094) due from a company in which the director of the company is also a director and shareholder. There are no fixed repayment terms and no interest is chargeable by the company in respect of this balance.

Included within other debtors is a balance amounting to £18,389 (2023: £19,103) due from an ex-shareholder of the company. Interest amounting to £434 has been charged during the year in respect of this balance.