2024-01-012024-12-312024-12-31false06035580A.J. JACKSON PROPERTIES 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A.J. JACKSON PROPERTIES LTD

Registered Number
06035580
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

A.J. JACKSON PROPERTIES LTD
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

JACKSON, Jason
JACKSON, Jonathan
JACKSON, Linda Marion

Company Secretary

JACKSON, Linda Marion

Registered Address

Beckside House
Soulby
Kirkby Stephen
CA17 4PJ

Registered Number

06035580 (England and Wales)
A.J. JACKSON PROPERTIES LTD
Statement of Financial Position
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3128,930151,020
Investment property41,835,0001,835,000
1,963,9301,986,020
Current assets
Stocks5830,000834,219
Debtors651,04962,034
Cash at bank and on hand267,997169,602
1,149,0461,065,855
Creditors amounts falling due within one year7(1,556,008)(1,575,437)
Net current assets (liabilities)(406,962)(509,582)
Total assets less current liabilities1,556,9681,476,438
Provisions for liabilities8(32,200)(37,700)
Net assets1,524,7681,438,738
Capital and reserves
Called up share capital100100
Profit and loss account1,524,6681,438,638
Shareholders' funds1,524,7681,438,738
The financial statements were approved and authorised for issue by the Board of Directors on 24 March 2025, and are signed on its behalf by:
JACKSON, Linda Marion
Director
Registered Company No. 06035580
A.J. JACKSON PROPERTIES LTD
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Employee benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets’ residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery15
Fixtures and fittings15
Vehicles25
Investment property
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.
Finance leases and hire purchase contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to completed the sale. The impairment loss is recognised immediately in the Income Statement.
Financial instruments
The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20242023
Average number of employees during the year88
3.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Total

££££
Cost or valuation
At 01 January 24198,96142,75720,674262,392
Additions4,767--4,767
Disposals(7,000)--(7,000)
At 31 December 24196,72842,75720,674260,159
Depreciation and impairment
At 01 January 2466,86638,0456,461111,372
Charge for year20,3511,1783,10124,630
On disposals(4,773)--(4,773)
At 31 December 2482,44439,2239,562131,229
Net book value
At 31 December 24114,2843,53411,112128,930
At 31 December 23132,0954,71214,213151,020
4.Investment property

£
Fair value at 01 January 241,835,000
At 31 December 241,835,000
5.Stocks

2024

2023

££
Work in progress830,000834,219
Total830,000834,219
6.Debtors: amounts due within one year

2024

2023

££
Other debtors43,45856,428
Prepayments and accrued income7,5915,606
Total51,04962,034
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables49,74531,972
Amounts owed to related parties1,438,2821,466,919
Taxation and social security63,79572,671
Accrued liabilities and deferred income4,1863,875
Total1,556,0081,575,437
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)32,20037,700
Total32,20037,700