REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
FOR |
JAGUAR ESTATES LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
FOR |
JAGUAR ESTATES LIMITED |
JAGUAR ESTATES LIMITED (REGISTERED NUMBER: 02190562) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
JAGUAR ESTATES LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
12 Victoria Road |
Barnsley |
South Yorkshire |
S70 2BB |
BANKERS: |
1 High Street |
Sheffield |
South Yorkshire |
S1 2GA |
JAGUAR ESTATES LIMITED (REGISTERED NUMBER: 02190562) |
BALANCE SHEET |
30 SEPTEMBER 2024 |
30.9.24 | 30.9.23 |
Notes | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Stocks | 6 |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Other reserve | 12 | ( |
) | ( |
) |
Retained earnings |
SHAREHOLDERS' FUNDS |
JAGUAR ESTATES LIMITED (REGISTERED NUMBER: 02190562) |
BALANCE SHEET - continued |
30 SEPTEMBER 2024 |
The directors acknowledge their 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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
JAGUAR ESTATES LIMITED (REGISTERED NUMBER: 02190562) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
1. | STATUTORY INFORMATION |
Jaguar Estates Limited is a |
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements. |
There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year. |
Turnover |
Turnover is recognised to the extent that the company has obtained the right to consideration through the performance of its contractual obligations. Where the substance is that the company's contractual obligations are performed over time, turnover is recognised as contract activity progresses to reflect the company's partial performance of its contractual obligations. The amount recognised represents the right to consideration by reference to the value of work performed. |
Tangible fixed assets |
Motor vehicles | - |
Office equipment | - |
All fixed assets are initially recorded at cost. |
Investment property |
Investment properties are measured at fair value at each reporting date with changes in fair value recognised in the the profit or loss account. |
The fair value is assessed by Mr R G Wadsworth, a director, at each balance sheet date. |
JAGUAR ESTATES LIMITED (REGISTERED NUMBER: 02190562) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
2. | ACCOUNTING POLICIES - continued |
Stocks |
Developed properties for sale are valued at the lower of direct costs and net realisable value. No element of profit is included in the valuation of developed properties for sale. |
Properties under development and land & buildings for resale are valued at the lower of direct costs and net realisable value. No element of profit is included in the valuation of properties under development and land & buildings for resale. |
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. |
Hire purchase and operating lease commitments |
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis. |
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease. |
Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
JAGUAR ESTATES LIMITED (REGISTERED NUMBER: 02190562) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
4. | TANGIBLE FIXED ASSETS |
Motor | Office |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 October 2023 |
Additions |
At 30 September 2024 |
DEPRECIATION |
At 1 October 2023 |
Charge for year |
At 30 September 2024 |
NET BOOK VALUE |
At 30 September 2024 |
At 30 September 2023 |
Included within the net book value of £21,156 is £20,801 (2023: £27,735) relating to assets held under hire purchase agreements. The depreciation charged to the financial statements in the year in respect of such assets amounted to £590 (2023: £590). |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 October 2023 |
and 30 September 2024 |
NET BOOK VALUE |
At 30 September 2024 |
At 30 September 2023 |
JAGUAR ESTATES LIMITED (REGISTERED NUMBER: 02190562) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
5. | INVESTMENT PROPERTY - continued |
Fair value at 30 September 2024 is represented by: |
£ |
Valuation in 2019 | (15,394 | ) |
Cost | 95,394 |
80,000 |
If investment property had not been revalued they would have been included at the following historical cost: |
30.9.24 | 30.9.23 |
£ | £ |
Cost | 95,394 | 95,394 |
Investment property was valued on an open market basis on 30 September 2024 by Mr R G Wadsworth, a company director . |
6. | STOCKS |
30.9.24 | 30.9.23 |
£ | £ |
Properties under development |
Developed properties for sale | 114,680 | 114,680 |
Development land & buildings |
for resale |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.24 | 30.9.23 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
VAT |
Prepayments and accrued income |
JAGUAR ESTATES LIMITED (REGISTERED NUMBER: 02190562) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.24 | 30.9.23 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Amounts owed to group undertakings |
Corporation tax |
Other creditors |
Directors' current accounts | 644,159 | 644,519 |
Accruals and deferred income |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.9.24 | 30.9.23 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
30.9.24 | 30.9.23 |
£ | £ |
Hire purchase contracts | 19,680 | 23,044 |
11. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.9.24 | 30.9.23 |
value: | £ | £ |
Ordinary | £1 | 20,500 | 20,500 |
JAGUAR ESTATES LIMITED (REGISTERED NUMBER: 02190562) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
12. | RESERVES |
Other |
reserve |
£ |
At 1 October 2023 |
and 30 September 2024 | ( |
) |
13. | CONTINGENT LIABILITIES |
An unlimited intercompany composite guarantee by and between the company and Jaguar Estates Investments Limited, Jaguar Residential Limited, Jaguar Property Limited and Barnes Green Investments Limited. As at 30 September 2024 the balance due to the bank was £180,742 (2023: £186,771). |
In addition, an omnibus guarantee set off arrangement is in place across the group comprising Jaguar Estates Investments Limited, Jaguar Estates Limited, Jaguar Residential Limited, Jaguar Property Limited and Barnes Green Investments Limited. As at 30 September 2024 the balance due was £1,240,907 (2023: £854,816) |
14. | RELATED PARTY DISCLOSURES |
Group companies |
30.09.24 | 30.09.23 |
£ | £ |
Interest free loans to/from | 363,318 | 678,484 |
Amounts due from group company | 789,877 | 775,221 |
Amounts due to group company | 2,612,709 | 2,201,735 |
Entities with control, joint control or significant influence over the entity |
30.09.24 | 30.09.23 |
£ | £ |
Interest free loans to/from | 73,719 | 1,286,089 |
Amounts due from related party | 858,731 | 831,820 |
Amounts due to related party | 262,673 | 309,481 |
JAGUAR ESTATES LIMITED (REGISTERED NUMBER: 02190562) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
15. | ULTIMATE PARENT UNDERTAKING |
The ultimate parent undertaking is Jaguar Estates Investments Limited. |
The parent company's registered office address is; |
201 High Street |
Ecclesfield |
Sheffield |
S35 9XB |