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REGISTERED NUMBER: 02253717 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Jumbobright Limited

Jumbobright Limited (Registered number: 02253717)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Chartered Accountants' Report 1

Balance Sheet 2

Notes to the Financial Statements 4


Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Jumbobright Limited

The following reproduces the text of the report prepared for the director 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director 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 Jumbobright Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Jumbobright Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Jumbobright Limited and state those matters that we have agreed to state to the director of Jumbobright Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jumbobright Limited and its director for our work or for this report.

It is your duty to ensure that Jumbobright 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 Jumbobright Limited. You consider that Jumbobright 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 Jumbobright 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.






Wilson Sandford Limited
Chartered accountants
85 Church Road
Hove
East Sussex
BN3 2BB


29 May 2025

Jumbobright Limited (Registered number: 02253717)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £   
Fixed assets
Tangible fixed assets 4 8,865 11,082
Investment property 5 2,200,000 2,200,000
2,208,865 2,211,082

Current assets
Debtors 6 112,176 76,694
Cash at bank 42,867 21,099
155,043 97,793
Creditors: amounts falling due within
one year

7

26,794

417,388
Net current assets/(liabilities) 128,249 (319,595 )
Total assets less current liabilities 2,337,114 1,891,487

Creditors: amounts falling due after
more than one year

8

(407,322

)

(7,829

)

Provisions for liabilities (378,537 ) (379,091 )
Net assets 1,551,255 1,504,567

Jumbobright Limited (Registered number: 02253717)

Balance Sheet - continued
31 March 2025

2025 2024
Notes £    £    £   
Capital and reserves
Called up share capital 9 1,000 1,000
Fair value reserve 10 1,487,945 1,487,945
Retained earnings 10 62,310 15,622
Shareholders' funds 1,551,255 1,504,567

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 director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 May 2025 and were signed by:





P J M Hutchinson - Director


Jumbobright Limited (Registered number: 02253717)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. Statutory information

Jumbobright Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02253717

Registered office: 85 Church Road
Hove
East Sussex
BN3 2BB

The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).

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.

Turnover
Turnover is measured at the fair value of the rents receivable, excluding discounts, rebates and value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued at its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.


Jumbobright Limited (Registered number: 02253717)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Government grants
Government grants are included in the year to which they relate.

3. Employees and directors

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

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 April 2024
and 31 March 2025 29,719
Depreciation
At 1 April 2024 18,637
Charge for year 2,217
At 31 March 2025 20,854
Net book value
At 31 March 2025 8,865
At 31 March 2024 11,082

Jumbobright Limited (Registered number: 02253717)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. Investment property
Total
£   
Fair value
At 1 April 2024
and 31 March 2025 2,200,000
Net book value
At 31 March 2025 2,200,000
At 31 March 2024 2,200,000

The investment property fair value of £2,200,000 (2024 - £2,200,000) included in the balance sheet was determined by the director based on valuations of similar properties in the local area.

6. Debtors: amounts falling due within one year
2025 2024
£    £   
Other debtors 112,176 76,694

7. Creditors: amounts falling due within one year
2025 2024
£    £   
Bank loans and overdrafts 5,186 401,821
Taxation and social security 17,738 11,847
Other creditors 3,870 3,720
26,794 417,388

Included within creditors amounts falling due after one year are liabilities of £nil (2024 - £396,744) which are secured by charges on the specific fixed assets to which they relate.

8. Creditors: amounts falling due after more than one year
2025 2024
£    £   
Bank loans 407,322 7,829

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 404,679 -

Jumbobright Limited (Registered number: 02253717)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

8. Creditors: amounts falling due after more than one year - continued

Included within creditors amounts falling due after one year are liabilities of £404,679 (2024 - £nil) which are secured by charges on the specific fixed assets to which they relate.

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
1,000 Ordinary £1 1,000 1,000

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

At 1 April 2024 15,622 1,487,945 1,503,567
Profit for the year 61,688 61,688
Dividends (15,000 ) (15,000 )
At 31 March 2025 62,310 1,487,945 1,550,255

11. Director's advances, credits and guarantees

During the year, advances and credits of £41,408 (2024 - £52,740) were made to and repayments of £15,216 (2024 - £10,216) received from the director resulting in an overdrawn loan account balance of £96,052 (2024 - £69,860) which is held within debtors at the year end. This loan was interest free and repayable on demand.