| Jam Jar Estates Limited |
| Registered number: |
11850593 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Investments |
3 |
|
|
249,890 |
|
|
249,890 |
|
| Current assets |
| Debtors |
4 |
|
35 |
|
|
42 |
| Cash at bank and in hand |
|
|
6,249 |
|
|
5,791 |
|
|
|
6,284 |
|
|
5,833 |
|
| Creditors: amounts falling due within one year |
5 |
|
(165,032) |
|
|
(165,058) |
|
| Net current liabilities |
|
|
|
(158,748) |
|
|
(159,225) |
|
| Total assets less current liabilities |
|
|
|
91,142 |
|
|
90,665 |
|
|
| Provisions for liabilities |
|
|
|
(22,000) |
|
|
(22,000) |
|
|
| Net assets |
|
|
|
69,142 |
|
|
68,665 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
4 |
|
|
4 |
| Non-distributable reserve |
6 |
|
|
66,000 |
|
|
66,000 |
| Profit and loss account |
|
|
|
3,138 |
|
|
2,661 |
|
| Shareholders' funds |
|
|
|
69,142 |
|
|
68,665 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Jasvinder Mahil |
| Director |
| Approved by the board on 14 July 2025 |
|
| Jam Jar Estates Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
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 return on investment and from the rendering of services. |
|
|
Investment properties |
|
Investment properties are measured at fair value. Gains are recognised in the profit and loss account. Deferred tax is provided on these gains at the rate expected to apply when the property is sold. Changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
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. |
|
|
Creditors |
|
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. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 April 2024 |
249,890 |
|
|
At 31 March 2025 |
249,890 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 April 2024 |
161,890 |
|
At 31 March 2025 |
161,890 |
|
|
|
|
|
|
|
|
|
|
The directors have reviewed the valuation of investment properties and are of the opinion that the valuation has been stated at their current valuation. No depreciation has been charged on the investment properties. |
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Sundry debtors |
35 |
|
42 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Taxation and social security costs |
112 |
|
132 |
|
Directors' loan account |
164,296 |
|
164,296 |
|
Other creditors |
624 |
|
630 |
|
|
|
|
|
|
165,032 |
|
165,058 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Non-distributable reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 April 2024 |
66,000 |
|
66,000 |
|
|
At 31 March 2025 |
66,000 |
|
66,000 |
|
|
|
|
|
|
|
|
|
|
Non-distributable reserve has arisen as a result of gains on the revaluation of investment properties, net of deferred taxation. These profits are not distributable and hence are stated separately in the Statement of Changes in Equity to differenciate from distributable profits. |
|
|
| 7 |
Other information |
|
|
Jam Jar Estates Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
169 Stoke Poges Lane |
|
Slough |
|
Berkshire |
|
SL1 3LU |