Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31No description of principal activityfalsefalse2024-04-0123trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11696257 2024-04-01 2025-03-31 11696257 2023-04-01 2024-03-31 11696257 2025-03-31 11696257 2024-03-31 11696257 c:Director1 2024-04-01 2025-03-31 11696257 d:CurrentFinancialInstruments 2025-03-31 11696257 d:CurrentFinancialInstruments 2024-03-31 11696257 d:Non-currentFinancialInstruments 2025-03-31 11696257 d:Non-currentFinancialInstruments 2024-03-31 11696257 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 11696257 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11696257 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 11696257 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11696257 d:ShareCapital 2025-03-31 11696257 d:ShareCapital 2024-03-31 11696257 d:CapitalRedemptionReserve 2025-03-31 11696257 d:CapitalRedemptionReserve 2024-03-31 11696257 d:RetainedEarningsAccumulatedLosses 2025-03-31 11696257 d:RetainedEarningsAccumulatedLosses 2024-03-31 11696257 c:OrdinaryShareClass1 2024-04-01 2025-03-31 11696257 c:OrdinaryShareClass1 2025-03-31 11696257 c:OrdinaryShareClass1 2024-03-31 11696257 c:FRS102 2024-04-01 2025-03-31 11696257 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11696257 c:FullAccounts 2024-04-01 2025-03-31 11696257 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11696257 2 2024-04-01 2025-03-31 11696257 6 2024-04-01 2025-03-31 11696257 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11696257










JBSR LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
JBSR LTD
REGISTERED NUMBER: 11696257

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Investments
 4 
11,527,524
11,527,524

  
11,527,524
11,527,524

Current assets
  

Cash at bank and in hand
  
15,342
454

Creditors: amounts falling due within one year
 5 
(179,930)
(574,050)

Net current liabilities
  
 
 
(164,588)
 
 
(573,596)

Total assets less current liabilities
  
11,362,936
10,953,928

Creditors: amounts falling due after more than one year
 6 
(2,066,124)
(2,426,002)

  

Net assets
  
9,296,812
8,527,926


Capital and reserves
  

Called up share capital 
  
40
60

Capital redemption reserve
  
20
-

Profit and loss account
  
9,296,752
8,527,866

  
9,296,812
8,527,926


Page 1

 
JBSR LTD
REGISTERED NUMBER: 11696257
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
M A C Mansfield
Director

Date: 20 July 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
JBSR LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

JBSR Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Old Village Hall, Church Street, Sawtry, PE28 5SZ.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention 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.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of
Page 3

 
JBSR LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.6
Financial instruments (continued)

financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
JBSR LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 3).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2024
11,527,524



At 31 March 2025
11,527,524




The company owns 100% of the share capital of JB Specialist Refurbishments Ltd, a company incorporated in england and wales, and registered at The Old Village Hall, Church Street, Sawtry, E28 6LR.


5.


Creditors: Amounts falling due within one year

2025
2024
£
£

Other creditors
179,930
574,050

179,930
574,050


The Estate of Jon Balding Deceased holds a fixed charge over the shares and their associated rights owned by JBSR Ltd created 20 May 2019.
The Estate of Jon Balding Deceased holds a fixed and floating charge over the assets of JBSR Ltd created 20 May 2019.

Page 5

 
JBSR LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Other creditors
2,066,124
2,426,002

2,066,124
2,426,002


The Estate of Jon Balding Deceased holds a fixed charge over the shares and their associated rights owned by JBSR Ltd created 20 May 2019.
The Estate of Jon Balding Deceased holds a fixed and floating charge over the assets of JBSR Ltd created 20 May 2019.


7.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



40 (2024 - 60) Ordinary shares of £1.00 each
40
60

During the year, the company puchased 20 of its own £1 shares at a cost of £2,000.



8.


Related party transactions

TThe Company has taken advantage of the exemptions in FRS 102 section 1A whereby it has not disclosed transactions with wholly owned subsidiary undertakings.

 
Page 6