Company registration number 05166032 (England and Wales)
JAYCODE LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
JAYCODE LTD
COMPANY INFORMATION
Director
Mr M T O'Connell
Company number
05166032
Registered office
Hedgerows
Heronway
Hutton Mount
Brentwood
Essex
United Kingdom
CM13 2LX
Accountants
Xeinadin Billericay Limited
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ
JAYCODE LTD
CONTENTS
Page
Director's report
1
Accountants' report
9
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
JAYCODE LTD
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -

The director presents his annual report and financial statements for the year ended 31 December 2024.

Principal activities

The principal activity of the company in the year under review was that of property development.

Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

Mr M T O'Connell
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr M T O'Connell
Director
13 August 2025
JAYCODE LTD
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,964
2,654
Investment property
4
320,000
320,000
Investments
5
100
-
0
323,064
322,654
Current assets
Debtors
6
192,314
177,743
Investments
7
100,000
750,000
Cash at bank and in hand
2,189,865
13,975
2,482,179
941,718
Creditors: amounts falling due within one year
8
(2,417,285)
(915,929)
Net current assets
64,894
25,789
Total assets less current liabilities
387,958
348,443
Provisions for liabilities
(563)
(504)
Net assets
387,395
347,939
Capital and reserves
Called up share capital
9
1
1
Profit and loss reserves
387,394
347,938
Total equity
387,395
347,939
JAYCODE LTD
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 3 -

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 end of 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.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 13 August 2025
Mr M T O'Connell
Director
Company registration number 05166032 (England and Wales)
JAYCODE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
1
Accounting policies
Company information

Jaycode Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Hedgerows, Heronway, Hutton Mount, Brentwood, Essex, United Kingdom, CM13 2LX.

1.1
Accounting convention

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 are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts in respect of rents charged and services supplied during the year.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
33% on reducing balance
Computer equipment
33% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

JAYCODE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.6
Financial instruments

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 profit and loss account in other administrative expenses.

 

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered 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.

1.8

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.

2
Employees

The average number of employees during the year was:

2024
2023
Number
Number
Total
1
1
JAYCODE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024
7,641
Additions
1,705
At 31 December 2024
9,346
Depreciation and impairment
At 1 January 2024
4,987
Depreciation charged in the year
1,395
At 31 December 2024
6,382
Carrying amount
At 31 December 2024
2,964
At 31 December 2023
2,654
4
Investment property
2024
£
Fair value
At 1 January 2024 and 31 December 2024
320,000

Investment property was valued on a fair value basis on 31 December 2024 by M T O'Connell, director of the company.

5
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
100
-
0
JAYCODE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
5
Fixed asset investments
(Continued)
- 7 -
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 January 2024
-
Additions
100
At 31 December 2024
100
Carrying amount
At 31 December 2024
100
At 31 December 2023
-
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
39,188
26,713
Other debtors
153,126
151,030
192,314
177,743
7
Current asset investments
2024
2023
£
£
Joint ventures
100,000
750,000
8
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
-
0
14,000
Amounts owed to group undertakings
750,000
750,000
Taxation and social security
9,196
1,278
Other creditors
1,658,089
150,651
2,417,285
915,929
9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1
1
1
1
JAYCODE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
10
Other Financial Commitments

At 31 December 2024, the company had operating lease commitments over the remaining life of those leases of £ 9,893 (2023 £ 830).

11
Parent company

The company is wholly owned by Jaycode Trading Company Ltd.

The registered office and business address of the parent company is the same as Jaycode Ltd.

JAYCODE LTD
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF JAYCODE LTD FOR THE YEAR ENDED 31 DECEMBER 2024
- 9 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jaycode Ltd for the year ended 31 December 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Jaycode Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Jaycode Ltd and state those matters that we have agreed to state to the board of directors of Jaycode Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jaycode Ltd and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Jaycode Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jaycode Ltd. You consider that Jaycode Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Jaycode Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Xeinadin Billericay Limited
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ
13 August 2025
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