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REGISTERED NUMBER: 10124346 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Jaynic Suffolk Park Logistics Limited

Jaynic Suffolk Park Logistics Limited (Registered number: 10124346)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Jaynic Suffolk Park Logistics Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: N S Rumsey
Mrs J E Rumsey





SECRETARY: Mrs D A Measures





REGISTERED OFFICE: The EpiCentre
Enterprise Way
Withersfield
Haverhill
CB9 7LR





REGISTERED NUMBER: 10124346 (England and Wales)





AUDITORS: Xeinadin Audit Limited
The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT

Jaynic Suffolk Park Logistics Limited (Registered number: 10124346)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 3,851,480 7,179,812
Investment property 5 1,400,000 1,438,342
5,251,480 8,618,154

CURRENT ASSETS
Stocks 13,681,002 13,869,350
Debtors 6 549,419 255,517
Cash at bank 751,352 281,069
14,981,773 14,405,936
CREDITORS
Amounts falling due within one year 7 4,483,316 4,090,911
NET CURRENT ASSETS 10,498,457 10,315,025
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,749,937

18,933,179

CREDITORS
Amounts falling due after more than one year 8 - 4,411,105
NET ASSETS 15,749,937 14,522,074

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 15,749,934 14,522,071
SHAREHOLDERS' FUNDS 15,749,937 14,522,074

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





N S Rumsey - Director


Jaynic Suffolk Park Logistics Limited (Registered number: 10124346)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Jaynic Suffolk Park Logistics 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.

The company is part of a group.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
No significant judgements or estimations have been applied in the preparation of the financial statements.

Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

Investments in subsidiaries
Investments in subsidiaries are valued at amortised cost, using the effective interest rate method.

Investment property
The investment property is included at fair value. Gains and losses are recognised in the income statement and subsequently transferred to the fair value reserve. Deferred tax is provided on gains at the rate expected to apply when the property is sold.

Work in progress
Work in progress comprises land and infrastructure costs incurred on the company's development projects in and around Bury St Edmunds.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities, including debtors, creditors and bank balances. Basic short term financial assets are measured at the transaction price, less any impairment and basic short term financial liabilities are measured at the transaction price. Other financial liabilities, including loans, are measured initially and subsequently at fair value, net of transaction costs.


Jaynic Suffolk Park Logistics Limited (Registered number: 10124346)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

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 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 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS

Fixed asset investments represent share capital acquired and capital advanced to the company's subsidiary JSPL (SP160) Limited. This is shown at amortised cost using the effective interest rate method. In 2023, the investment was shown at historic cost.

The investment comprises:

2024 2023
£ £

Share capital 100 100
Loan receivable 3,011,197 7,179,712
Investment in subsidiary 840,183 -
Total 3,851,480 7,179,812


Jaynic Suffolk Park Logistics Limited (Registered number: 10124346)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 1,438,342
Additions 90,356
Revaluations (128,698 )
At 30 June 2024 1,400,000
NET BOOK VALUE
At 30 June 2024 1,400,000
At 30 June 2023 1,438,342

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 (128,698 )
Cost 1,528,698
1,400,000

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

2024 2023
£    £   
Cost 1,528,698 1,438,342

The investment property was valued on an open market basis on 8 October 2024 by Jackson-Stops .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by related parties 9,500 9,500
Other debtors 539,919 246,017
549,419 255,517

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 23,216 398
Taxation and social security 3,919 31,297
Other creditors 4,456,181 4,059,216
4,483,316 4,090,911

Jaynic Suffolk Park Logistics Limited (Registered number: 10124346)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 4,411,105

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 4,411,105 8,411,105

The other loan is due to Property Recycling Group plc and is secured by a legal charge over the freehold property at Shepherd's Grove, Stanton, Suffolk. The loan was repaid in August 2024 and the charge satisfied.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrea Kaley (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited

11. ULTIMATE CONTROLLING PARTY

The company's immediate and ultimate parent is Jaynic Developments Limited, a company registered in England and Wales, whose registered office is The Epicentre, Enterprise Way, Withersfield, Haverhill, CB9 7LR.

The company's ultimate controlling party is Mr and Mrs N Rumsey.