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REGISTERED NUMBER: 06578861 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

JASON WEBB AB LIMITED

JASON WEBB AB LIMITED (REGISTERED NUMBER: 06578861)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


JASON WEBB AB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTOR: J M Webb





SECRETARY: T Webb





REGISTERED OFFICE: 3A Foston Lane
North Frodingham
Driffield
East Yorkshire
YO25 8JZ





REGISTERED NUMBER: 06578861 (England and Wales)





ACCOUNTANTS: Cheetham Allen
Chartered Accountants
17 Wright Street
Hull
East Yorkshire
HU2 8HU

JASON WEBB AB LIMITED (REGISTERED NUMBER: 06578861)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,201 2,935
Investments 5 352,833 350,224
Investment property 6 935,000 825,000
1,290,034 1,178,159

CURRENT ASSETS
Debtors 7 17,368 16,383
Cash at bank 113,853 66,567
131,221 82,950
CREDITORS
Amounts falling due within one year 8 13,354 1,350
NET CURRENT ASSETS 117,867 81,600
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,407,901

1,259,759

PROVISIONS FOR LIABILITIES 9 71,963 51,067
NET ASSETS 1,335,938 1,208,692

CAPITAL AND RESERVES
Called up share capital 10 100 100
Other reserves 156,942 156,942
Retained earnings 1,178,896 1,051,650
SHAREHOLDERS' FUNDS 1,335,938 1,208,692

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

JASON WEBB AB LIMITED (REGISTERED NUMBER: 06578861)

BALANCE SHEET - continued
30TH 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 5th December 2024 and were signed by:





J M Webb - Director


JASON WEBB AB LIMITED (REGISTERED NUMBER: 06578861)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

Jason Webb AB 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 invoiced sales of goods and services in relation to building work, excluding value added tax, adjusted for contract work in progress.

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 - 25% on reducing balance
Motor vehicle - 25% on reducing balance

Investment property
Investment property is shown 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

JASON WEBB AB LIMITED (REGISTERED NUMBER: 06578861)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicle Totals
£    £    £   
COST
At 1st May 2023
and 30th April 2024 3,300 10,200 13,500
DEPRECIATION
At 1st May 2023 825 9,740 10,565
Charge for year 619 115 734
At 30th April 2024 1,444 9,855 11,299
NET BOOK VALUE
At 30th April 2024 1,856 345 2,201
At 30th April 2023 2,475 460 2,935

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st May 2023 350,224
Additions 2,609
At 30th April 2024 352,833
NET BOOK VALUE
At 30th April 2024 352,833
At 30th April 2023 350,224

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st May 2023 825,000
Revaluations 110,000
At 30th April 2024 935,000
NET BOOK VALUE
At 30th April 2024 935,000
At 30th April 2023 825,000

Fair value at 30th April 2024 is represented by:
£   
Valuation in 2021 268,755
Valuation in 2024 110,000
Cost 556,245
935,000

JASON WEBB AB LIMITED (REGISTERED NUMBER: 06578861)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

6. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 556,245 556,245

Investment properties were valued on an open market basis on 30th April 2024 by J.M. Webb, a director of the company .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 17,368 16,383

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 1
Taxation and social security 12,154 350
Other creditors 1,200 999
13,354 1,350

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Revaluation of investment properties 71,963 51,067

Deferred
tax
£   
Balance at 1st May 2023 51,067
Revaluation of investment
property 20,896
Balance at 30th April 2024 71,963

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100