REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 May 2024 |
for |
JAKESFORD INVESTMENTS LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 May 2024 |
for |
JAKESFORD INVESTMENTS LIMITED |
JAKESFORD INVESTMENTS LIMITED (REGISTERED NUMBER: 11384714) |
Contents of the Financial Statements |
for the Year Ended 31 May 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
JAKESFORD INVESTMENTS LIMITED |
Company Information |
for the Year Ended 31 May 2024 |
Director: |
Registered office: |
Registered number: |
JAKESFORD INVESTMENTS LIMITED (REGISTERED NUMBER: 11384714) |
Balance Sheet |
31 May 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investments | 5 |
Current assets |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
Provisions for liabilities | ( |
) | ( |
) |
Net assets |
Capital and reserves |
Called up share capital | 9 |
Share premium |
Fair value reserve | 10 |
Retained earnings |
Shareholders' funds |
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. |
JAKESFORD INVESTMENTS LIMITED (REGISTERED NUMBER: 11384714) |
Balance Sheet - continued |
31 May 2024 |
The financial statements were approved by the director and authorised for issue on |
JAKESFORD INVESTMENTS LIMITED (REGISTERED NUMBER: 11384714) |
Notes to the Financial Statements |
for the Year Ended 31 May 2024 |
1. | Statutory information |
Jakesford Investments Limited is a |
2. | Statement of compliance |
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. |
3. | Accounting policies |
Basis of preparing the financial statements |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. |
4. | Employees and directors |
The average number of employees during the year was |
5. | Fixed asset investments |
Other |
investments |
£ |
Cost or valuation |
At 1 June 2023 |
Additions |
Disposals | ( |
) |
Revaluations |
At 31 May 2024 |
Net book value |
At 31 May 2024 |
At 31 May 2023 |
JAKESFORD INVESTMENTS LIMITED (REGISTERED NUMBER: 11384714) |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2024 |
5. | Fixed asset investments - continued |
Cost or valuation at 31 May 2024 is represented by: |
Other |
investments |
£ |
Valuation in 2024 | 264,317 |
Cost | 1,622,564 |
1,886,881 |
6. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Other debtors |
7. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Corporation tax | ( |
) | ( |
) |
8. | Creditors: amounts falling due after more than one year |
2024 | 2023 |
£ | £ |
Directors' loan accounts | 850,000 | 850,000 |
9. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
A Ordinary | 0.01 | 1 | 1 |
B Ordinary | 1 | 75 | 75 |
C Ordinary | 1 | 75 | 75 |
151 | 151 |
10. | Reserves |
Fair |
value |
reserve |
£ |
At 1 June 2023 |
Fair value adjustments | 134,593 |
At 31 May 2024 |