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REGISTERED NUMBER: 00739810 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

J.O. & L.N.Jaine Limited

J.O. & L.N.Jaine Limited (Registered number: 00739810)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J.O. & L.N.Jaine Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: R P Tyler-Street
Mrs J Tyler-Street
Miss T J Tyler-Street
M D Tyler-Street
W G Tyler-Street





SECRETARY: Miss T J Tyler-Street





REGISTERED OFFICE: Trenance Farm
Mullion
HELSTON
Cornwall
TR12 7HB





REGISTERED NUMBER: 00739810 (England and Wales)





ACCOUNTANTS: Colin Truscott Accountancy Limited
9 Heron Close
Tresillian
Cornwall
TR2 4BH

J.O. & L.N.Jaine Limited (Registered number: 00739810)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 154,072 155,400

CURRENT ASSETS
Stocks 400 400
Debtors 5 6,740 40,802
Cash at bank and in hand 19,506 9,425
26,646 50,627
CREDITORS
Amounts falling due within one year 6 52,505 33,242
NET CURRENT (LIABILITIES)/ASSETS (25,859 ) 17,385
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,213

172,785

CREDITORS
Amounts falling due after more than
one year

7

(2,600

)

(7,800

)

PROVISIONS FOR LIABILITIES (2,654 ) (2,920 )
NET ASSETS 122,959 162,065

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 121,959 161,065
122,959 162,065

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.

J.O. & L.N.Jaine Limited (Registered number: 00739810)

Balance Sheet - continued
31 March 2025


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 by the Board of Directors and authorised for issue on 14 July 2025 and were signed on its behalf by:





R P Tyler-Street - Director


J.O. & L.N.Jaine Limited (Registered number: 00739810)

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

1. STATUTORY INFORMATION

J.O. & L.N.Jaine 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.

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.

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

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be readily measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates Value Added Tax and other sales taxes.

Revenue from a contract to provide services is recognised in the period which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: the amount of revenue can be measured reliably; it is probable they the company will receive the consideration due under the contract; the stage of completion of the contract at the end of the reporting period can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Plant and machinery etc - 10% on reducing balance and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.


J.O. & L.N.Jaine Limited (Registered number: 00739810)

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 Income Statement, 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 that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

J.O. & L.N.Jaine Limited (Registered number: 00739810)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024
and 31 March 2025 145,450 66,410 211,860
DEPRECIATION
At 1 April 2024 - 56,460 56,460
Charge for year - 1,328 1,328
At 31 March 2025 - 57,788 57,788
NET BOOK VALUE
At 31 March 2025 145,450 8,622 154,072
At 31 March 2024 145,450 9,950 155,400

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 215 215
Other debtors 6,525 40,587
6,740 40,802

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 5,200 5,200
Taxation and social security 4,051 1,390
Other creditors 43,254 26,652
52,505 33,242

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2025 2024
£    £   
Bank loans 2,600 7,800

J.O. & L.N.Jaine Limited (Registered number: 00739810)

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

8. 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
£    £   
R P Tyler-Street and Mrs J Tyler-Street
Balance outstanding at start of year 33,492 16,298
Amounts advanced - 17,194
Amounts repaid (44,489 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (10,997 ) 33,492