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REGISTERED NUMBER: 01030041 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

JASON PHILLIPS & SON LIMITED

JASON PHILLIPS & SON LIMITED (REGISTERED NUMBER: 01030041)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

JASON PHILLIPS & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTORS: J G Phillips
Mrs V A Phillips





SECRETARY: Mrs V A Phillips





REGISTERED OFFICE: Windy Ridge
Beggarswell Wood
Ambergate
Belper
Derbyshire
DE56 2HF





REGISTERED NUMBER: 01030041 (England and Wales)





ACCOUNTANTS: Bradley Accounting Plus Ltd
41 St John Street
Ashbourne
Derbyshire
DE6 1GP

JASON PHILLIPS & SON LIMITED (REGISTERED NUMBER: 01030041)

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 360 2
Investment property 5 295,000 295,000
295,360 295,002

CURRENT ASSETS
Debtors 6 78 47

CREDITORS
Amounts falling due within one year 7 16,312 17,326
NET CURRENT LIABILITIES (16,234 ) (17,279 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

279,126

277,723

PROVISIONS FOR LIABILITIES 36,082 36,082
NET ASSETS 243,044 241,641

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Fair value reserve 8 227,245 227,245
Retained earnings 8 10,799 9,396
SHAREHOLDERS' FUNDS 243,044 241,641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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.

JASON PHILLIPS & SON LIMITED (REGISTERED NUMBER: 01030041)

BALANCE SHEET - continued
28 FEBRUARY 2025



The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:




J G Phillips - Director



Mrs V A Phillips - Director


JASON PHILLIPS & SON LIMITED (REGISTERED NUMBER: 01030041)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1. STATUTORY INFORMATION

Jason Phillips & Son 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Investment properties
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Turnover
Rental income is accounted for on the receivable basis.

3. EMPLOYEES AND DIRECTORS

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

JASON PHILLIPS & SON LIMITED (REGISTERED NUMBER: 01030041)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 March 2024 410
Additions 479
At 28 February 2025 889
DEPRECIATION
At 1 March 2024 408
Charge for year 121
At 28 February 2025 529
NET BOOK VALUE
At 28 February 2025 360
At 29 February 2024 2

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2024
and 28 February 2025 295,000
NET BOOK VALUE
At 28 February 2025 295,000
At 29 February 2024 295,000

Fair value at 28 February 2025 is represented by:
£   
Valuation in 2025 295,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Prepayments and accrued income 78 47

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Tax 368 915
Directors' current accounts 13,855 14,669
Accruals and deferred income 2,089 1,742
16,312 17,326

JASON PHILLIPS & SON LIMITED (REGISTERED NUMBER: 01030041)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 March 2024 9,396 227,245 236,641
Profit for the year 1,929 1,929
Dividends (526 ) (526 )
At 28 February 2025 10,799 227,245 238,044

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Mr J G Phillips and Mrs V A Phillips, directors, have advanced monies to the company interest free and repayable on demand. The amount owed to the directors at the year end was £13,855.
(£14669 - 2024)

JASON PHILLIPS & SON LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
JASON PHILLIPS & SON LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 February 2025 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Bradley Accounting Plus Ltd
41 St John Street
Ashbourne
Derbyshire
DE6 1GP


26 June 2025