Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-3162024-04-01falsePrivate housebuilders6truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00420353 2024-04-01 2025-03-31 00420353 2023-04-01 2024-03-31 00420353 2025-03-31 00420353 2024-03-31 00420353 c:Director1 2024-04-01 2025-03-31 00420353 d:Buildings d:LongLeaseholdAssets 2024-04-01 2025-03-31 00420353 d:Buildings d:LongLeaseholdAssets 2025-03-31 00420353 d:Buildings d:LongLeaseholdAssets 2024-03-31 00420353 d:Buildings d:ShortLeaseholdAssets 2024-04-01 2025-03-31 00420353 d:PlantMachinery 2024-04-01 2025-03-31 00420353 d:PlantMachinery 2025-03-31 00420353 d:PlantMachinery 2024-03-31 00420353 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 00420353 d:MotorVehicles 2024-04-01 2025-03-31 00420353 d:MotorVehicles 2025-03-31 00420353 d:MotorVehicles 2024-03-31 00420353 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 00420353 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 00420353 d:FreeholdInvestmentProperty 2024-04-01 2025-03-31 00420353 d:FreeholdInvestmentProperty 2025-03-31 00420353 d:FreeholdInvestmentProperty 2024-03-31 00420353 d:FreeholdInvestmentProperty 2 2024-04-01 2025-03-31 00420353 d:CurrentFinancialInstruments 2025-03-31 00420353 d:CurrentFinancialInstruments 2024-03-31 00420353 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 00420353 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 00420353 d:ShareCapital 2025-03-31 00420353 d:ShareCapital 2024-03-31 00420353 d:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 00420353 d:RetainedEarningsAccumulatedLosses 2025-03-31 00420353 d:RetainedEarningsAccumulatedLosses 2024-03-31 00420353 c:FRS102 2024-04-01 2025-03-31 00420353 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 00420353 c:FullAccounts 2024-04-01 2025-03-31 00420353 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 00420353 d:WithinOneYear 2025-03-31 00420353 d:WithinOneYear 2024-03-31 00420353 d:BetweenOneFiveYears 2025-03-31 00420353 d:BetweenOneFiveYears 2024-03-31 00420353 6 2024-04-01 2025-03-31 00420353 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 00420353 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 00420353 d:OtherDeferredTax 2025-03-31 00420353 d:OtherDeferredTax 2024-03-31 00420353 f:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 00420353










J A B SHORT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

 
J A B SHORT LIMITED
REGISTERED NUMBER: 00420353

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,858
2,477

Investments
 6 
7,038
7,038

Investment property
 7 
1,910,970
1,371,125

  
1,919,866
1,380,640

Current assets
  

Stocks
  
500
500

Debtors: amounts falling due within one year
 8 
175,236
199,678

Cash at bank and in hand
  
434,526
943,071

  
610,262
1,143,249

Creditors: amounts falling due within one year
 9 
(125,462)
(148,256)

Net current assets
  
 
 
484,800
 
 
994,993

Provisions for liabilities
  

Deferred tax
  
(17,529)
-

  
 
 
(17,529)
 
 
-

Net assets
  
2,387,137
2,375,633


Capital and reserves
  

Called up share capital 
  
31,915
31,915

Profit and loss account
  
2,355,222
2,343,718

  
2,387,137
2,375,633


Page 1

 
J A B SHORT LIMITED
REGISTERED NUMBER: 00420353
    
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 income and retained earnings 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 on 27 August 2025.





J A B Short
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
J A B SHORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

J A B Short Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 00420353). Its registered office 33 The Bridge Business Centre, Beresford Way, Chesterfield, Derbyshire, S41 9FG. The principal activity of the Company throughout the year was that of property investment. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in 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 that 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.

Page 3

 
J A B SHORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The depreciation rates used are:

Office alterations
-
10%
straight line
Plant and machinery
-
25%
reducing balance basis
Motor vehicles
-
25%
reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Income and Retained Earnings.

 
2.6

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
J A B SHORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

No significant judgements have had to be made by management in preparing these financial statements.
The directors have made key assumptions in the determination of fair value of the investment property in respect of the state of the property market in the location where the property is situated and in respect of the range of reasonable fair value estimates of the asset.


4.


Employees

The average monthly number of employees, including directors, during the year was 6 (2024 - 6).

Page 5

 
J A B SHORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Tangible fixed assets





Office alterations
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost


At 1 April 2024
8,097
15,701
12,315
36,113



At 31 March 2025

8,097
15,701
12,315
36,113



Depreciation


At 1 April 2024
8,097
13,224
12,315
33,636


Charge for the year on owned assets
-
619
-
619



At 31 March 2025

8,097
13,843
12,315
34,255



Net book value



At 31 March 2025
-
1,858
-
1,858



At 31 March 2024
-
2,477
-
2,477


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2024
7,038



At 31 March 2025
7,038




Page 6

 
J A B SHORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

7.


Investment property


Freehold investment property

£



Valuation


At 1 April 2024
1,371,125


Additions at cost
482,007


Surplus on revaluation
57,838



At 31 March 2025
1,910,970

The 2025 valuations were made by the directors, on an open market value for existing use basis.





8.


Debtors

2025
2024
£
£


Trade debtors
7,143
7,586

Amounts owed by group undertakings
145,278
153,726

Other debtors
152
-

Prepayments and accrued income
22,663
38,366

175,236
199,678



9.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
22,505
31,227

Other taxation and social security
2,285
5,693

Other creditors
100,672
111,336

125,462
148,256


Page 7

 
J A B SHORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

10.


Deferred taxation




2025


£






Charged to profit or loss
17,529



At end of year
17,529

The deferred taxation balance is made up as follows:

2025
2024
£
£


Accelerated capital allowances
465
-

Capital gains
17,064
-

17,529
-


11.


Reserves

Profit and loss account

Both previous UK GAAP and FRS 102 require investment properties to be stated in the accounts at their
current market value, with no annual depreciation charge. However, while previous UK GAAP stipulated
that the surplus on revaluation of the property should be held in a revaluation reserve, which, being and
unrealised surplus, did not form part of the company's distributable reserves, FRS 102 requires that these
surpluses, although still not distributable, be charged through the Profit and Loss Account.
The Profit and Loss Account reserve at 31 March 2025 includes a non-distributable amount of £51,194 (2024: £10,420).


12.


Contingent liabilities

A guarantee has been given to the directors of Manor Developments (Chesterfield) Limited that in the event of any liquidity problems in the foreseeable future full financial support will be provided to that company. In the directors' opinion no liability will arise in connection therewith.


13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £6,278 (2024 - £6,507). 

Page 8

 
J A B SHORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

14.


Commitments under operating leases

At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2025
2024
£
£


Not later than 1 year
23,251
23,251

Later than 1 year and not later than 5 years
14,852
38,103

38,103
61,354

 
Page 9