Company Registration No. SC712116 (Scotland)
Jacks Homes Ltd
Unaudited accounts
for the year ended 31 March 2025
Jacks Homes Ltd
Unaudited accounts
Contents
Jacks Homes Ltd
Company Information
for the year ended 31 March 2025
Director
Sarah Louise Jack
Company Number
SC712116 (Scotland)
Registered Office
Craggiemore Farmhouse
Daviot
Inverness
IV2 5XQ
Scotland
Accountants
Kerry Mackinnon
Signature Accounting Solutions Ltd
93 Suilven Way
Inverness
Highland
IV3 8PE
Jacks Homes Ltd
Accountants' report
Accountants' report to the director of Jacks Homes Ltd (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 March 2025.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 March 2025. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Kerry Mackinnon
Signature Accounting Solutions Ltd
93 Suilven Way
Inverness
Highland
IV3 8PE
7 May 2024
Jacks Homes Ltd
Statement of financial position
as at 31 March 2025
Called up share capital not paid
1
1
Tangible assets
31,816
7,661
Investment property
373,773
190,521
Cash at bank and in hand
4,474
2,058
Creditors: amounts falling due within one year
(106,623)
(69,715)
Net current liabilities
(100,049)
(65,562)
Total assets less current liabilities
305,541
132,621
Creditors: amounts falling due after more than one year
(345,872)
(133,514)
Net liabilities
(40,331)
(893)
Profit and loss account
(40,331)
(893)
Shareholders' funds
(40,331)
(893)
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 May 2025 and were signed on its behalf by
Sarah Louise Jack
Director
Company Registration No. SC712116
Jacks Homes Ltd
Notes to the Accounts
for the year ended 31 March 2025
Jacks Homes Ltd is a private company, limited by shares, registered in Scotland, registration number SC712116. The registered office is Craggiemore Farmhouse, Daviot, Inverness, IV2 5XQ, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Other tangible fixed assets
20%
Jacks Homes Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
150
-
7,983
529
8,662
Additions
2,992
24,740
-
985
28,717
Disposals
-
-
(2,793)
-
(2,793)
At 31 March 2025
3,142
24,740
5,190
1,514
34,586
At 1 April 2024
8
-
831
162
1,001
Charge for the year
172
1,237
129
231
1,769
At 31 March 2025
180
1,237
960
393
2,770
At 31 March 2025
2,962
23,503
4,230
1,121
31,816
At 31 March 2024
142
-
7,152
367
7,661
Fair value at 1 April 2024
190,521
The business has elected to use the Fair Value reporting model. Both properties have a current home report.
42 Inverbreakie Drive was surveyed by Ruth Brown of Walker Fraser Steele LLP
8a Alexander Place was surveyed by James Burns of Allied Surveyors Scotland Plc
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
3,805
-
Loans from directors
98,235
69,265
Jacks Homes Ltd
Notes to the Accounts
for the year ended 31 March 2025
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
326,004
133,514
Obligations under finance leases and hire purchase contracts
19,868
-
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).