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REGISTERED NUMBER: 05040962 (England and Wales)















JACKDOOR PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






JACKDOOR PROPERTIES LIMITED (REGISTERED NUMBER: 05040962)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 6

Accountants' Report 7

JACKDOOR PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: I R Jacklin
A G Jacklin
Mrs B M Jacklin



SECRETARY: A G Jacklin



REGISTERED OFFICE: Bakers Bridge
Haltoft End
Frieston
Boston
Lincolnshire
PE22 0PH



REGISTERED NUMBER: 05040962 (England and Wales)



ACCOUNTANTS: Duncan & Toplis Limited
Oxley House
Lincoln Way
Louth
Lincolnshire
LN11 0LS



BANKERS: Lloyds Bank plc
51 Market Place
Boston
Lincolnshire
PE21 6NQ

JACKDOOR PROPERTIES LIMITED (REGISTERED NUMBER: 05040962)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Investment property 4 1,772,080 1,772,080

CURRENT ASSETS
Debtors 5 1,280 1,774
Cash at bank 39,430 30,100
40,710 31,874
CREDITORS
Amounts falling due within one year 6 739,593 740,282
NET CURRENT LIABILITIES (698,883 ) (708,408 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,073,197 1,063,672

CREDITORS
Amounts falling due after more than one year 7 (213,318 ) (240,819 )

PROVISIONS FOR LIABILITIES (28,863 ) (28,863 )
NET ASSETS 831,016 793,990

CAPITAL AND RESERVES
Called up share capital 9 300 300
Fair value reserve 10 305,528 305,528
Retained earnings 10 525,188 488,162
SHAREHOLDERS' FUNDS 831,016 793,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

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 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 and authorised for issue by the Board of Directors and authorised for issue on 7 May 2025 and were signed on its behalf by:





A G Jacklin - Director


JACKDOOR PROPERTIES LIMITED (REGISTERED NUMBER: 05040962)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Jackdoor Properties 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Land and buildings have been reclassified as investment property and is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

JACKDOOR PROPERTIES LIMITED (REGISTERED NUMBER: 05040962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued

Going concern
The company is reliant on the support of the directors. The company continues to meet its liabilities as they fall due, or is in the process of agreeing arrangements. The directors considers that the going concern basis of accounting continues to be appropriate and they consider that there would be no significant changes to the carrying values on a break up basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024
and 31 March 2025 1,772,080
NET BOOK VALUE
At 31 March 2025 1,772,080
At 31 March 2024 1,772,080

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2022 334,391
Cost 1,437,689
1,772,080

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

2025 2024
£    £   
Cost 1,437,689 1,437,689

Investment property was valued on an open market basis on by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Prepayments 1,280 1,774

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation 10,798 11,709
Other creditors 727,030 727,030
Accrued expenses 1,765 1,543
739,593 740,282

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans more 5 yrs non-inst 213,318 240,819

JACKDOOR PROPERTIES LIMITED (REGISTERED NUMBER: 05040962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2025 2024
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 213,318 240,819

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 213,318 240,819

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
300 Ordinary £1 300 300

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2024 488,162 305,528 793,690
Profit for the year 37,026 37,026
At 31 March 2025 525,188 305,528 830,716

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
Mrs B M Jacklin
Balance outstanding at start of year (242,342 ) (242,342 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (242,342 ) (242,342 )

I R Jacklin
Balance outstanding at start of year (242,343 ) (242,343 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (242,343 ) (242,343 )

JACKDOOR PROPERTIES LIMITED (REGISTERED NUMBER: 05040962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

A G Jacklin
Balance outstanding at start of year (242,342 ) (242,342 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (242,342 ) (242,342 )

The directors' loan accounts are unsecured, repayable on demand and interest free.

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
JACKDOOR PROPERTIES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jackdoor Properties Limited for the year ended 31 March 2025 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Jackdoor Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Jackdoor Properties Limited and state those matters that we have agreed to state to the Board of Directors of Jackdoor Properties Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Jackdoor Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jackdoor Properties Limited. You consider that Jackdoor Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Jackdoor Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Duncan & Toplis Limited
Oxley House
Lincoln Way
Louth
Lincolnshire
LN11 0LS


7 May 2025