Company No: 13871099 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Investments	3	942,135		942,135
		942,135		942,135
Current assets
Debtors	4	50		7,050
Cash at bank and in hand	5	178		2,907
		228		9,957
Creditors: amounts falling due within one year	6	( 2,750)		( 10,050)
Net current liabilities		(2,522)		(93)
Total assets less current liabilities		939,613		942,042
Net assets		939,613		942,042
Capital and reserves
Called-up share capital	7	50		50
Profit and loss account		939,563		941,992
Total shareholder's funds		939,613		942,042

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Joscol Investments Limited (registered number: 13871099) were approved and authorised for issue by the Director on 31 March 2025. They were signed on its behalf by:

D Wheatcroft Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Joscol Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Dividend income

Dividend income is recognised when the company's right to receive payment has been established.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	0		0

3. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 February 2024	942,135
At 31 January 2025	942,135
Carrying value at 31 January 2025	942,135
Carrying value at 31 January 2024	942,135

Investments in shares

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.01.2025	Ownership 31.01.2024
Tasman House Developments Limited	Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA	Commercial property investment	Ordinary	100.00%	100.00%

4. Debtors

	2025		2024
	£		£
Amounts owed by own subsidiaries	0		7,000
Other debtors	50		50
	50		7,050

5. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	178		2,907

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Amounts owed to own subsidiaries	500		0
Other creditors	2,250		10,050
	2,750		10,050

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
50 Ordinary shares of £ 1.00 each	50		50