Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 07697111 Mr J Adkin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07697111 2024-03-31 07697111 2025-03-31 07697111 2024-04-01 2025-03-31 07697111 frs-core:CurrentFinancialInstruments 2025-03-31 07697111 frs-core:Non-currentFinancialInstruments 2025-03-31 07697111 frs-core:FurnitureFittings 2025-03-31 07697111 frs-core:FurnitureFittings 2024-04-01 2025-03-31 07697111 frs-core:FurnitureFittings 2024-03-31 07697111 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07697111 frs-core:MotorVehicles 2025-03-31 07697111 frs-core:MotorVehicles 2024-04-01 2025-03-31 07697111 frs-core:MotorVehicles 2024-03-31 07697111 frs-core:ShareCapital 2025-03-31 07697111 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07697111 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07697111 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 07697111 frs-bus:SmallEntities 2024-04-01 2025-03-31 07697111 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07697111 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07697111 frs-bus:Director1 2024-04-01 2025-03-31 07697111 frs-countries:EnglandWales 2024-04-01 2025-03-31 07697111 2023-03-31 07697111 2024-03-31 07697111 2023-04-01 2024-03-31 07697111 frs-core:CurrentFinancialInstruments 2024-03-31 07697111 frs-core:Non-currentFinancialInstruments 2024-03-31 07697111 frs-core:ShareCapital 2024-03-31 07697111 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 07697111
JAQ Investments Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 07697111
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,808 -
Investment Properties 5 5,532,930 2,236,650
5,536,738 2,236,650
CURRENT ASSETS
Debtors 6 4,920 1,000
Cash at bank and in hand 80,862 181,517
85,782 182,517
Creditors: Amounts Falling Due Within One Year 7 (393,652 ) (463,814 )
NET CURRENT ASSETS (LIABILITIES) (307,870 ) (281,297 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,228,868 1,955,353
Creditors: Amounts Falling Due After More Than One Year 8 (5,058,304 ) (1,775,244 )
NET ASSETS 170,564 180,109
CAPITAL AND RESERVES
Called up share capital 150 150
Income Statement 170,414 179,959
SHAREHOLDERS' FUNDS 170,564 180,109
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Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr J Adkin
Director
16/06/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
JAQ Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07697111 . The registered office is First Floor, Embsay Mill, Embsay, Skipton, North Yorkshire, BD23 6QR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The financial statements are prepared under the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
2.2. Turnover
Turnover comprises gross rental income receivable during the period.
Turnover is invoiced monthly in advance, and is recognised in the income statement for the period to which it relates.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No Depreciation
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
2.5. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transactions 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.
Debt instruments are subsequently measured at amortised cost.
2.6. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.
The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
2.7. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period is arises.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 1)
2 1
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost or Valuation
As at 1 April 2024 - - -
Additions 4,500 509 5,009
As at 31 March 2025 4,500 509 5,009
Depreciation
As at 1 April 2024 - - -
Provided during the period 1,125 76 1,201
As at 31 March 2025 1,125 76 1,201
Net Book Value
As at 31 March 2025 3,375 433 3,808
As at 1 April 2024 - - -
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 2,236,650
Additions 2,895,617
Revaluations 400,663
As at 31 March 2025 5,532,930
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 4,920 1,000
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 306 -
Other creditors 393,346 463,814
393,652 463,814
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Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Mortgages 3,745,872 557,812
Other creditors 1,312,432 1,217,432
5,058,304 1,775,244
9. Related Party Transactions
During the year, dividends of £4,000 (2024 - £13,500) were paid to the director.
Included in creditors: amounts falling due within one year, is a directors loan account balance of £392,346 (2024 - £463,214) owing to Mr J Adkin.
The loan is interest free and repayable on demand.
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