REGISTERED NUMBER: 04662061 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

JAMIES PASTY SHOP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J M Evans

N Coppen

SECRETARY:

N Coppen

REGISTERED OFFICE:

6 Central Square

Newquay

Cornwall

TR7 1EX

REGISTERED NUMBER:

04662061 (England and Wales)

ACCOUNTANTS:

Whitakers

Chartered Accountants

Bryndon House

5/7 Berry Road

Newquay

Cornwall

TR7 1AD

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

25,444

26,492

25,444

26,492

CURRENT ASSETS

Stocks

105

100

Debtors

6

41,324

40,588

Cash at bank and in hand

19,026

13,145

60,455

53,833

CREDITORS

Amounts falling due within one year

7

55,431

54,192

NET CURRENT ASSETS/(LIABILITIES)

5,024

(359

)

TOTAL ASSETS LESS CURRENT LIABILITIES

30,468

26,133

CREDITORS

Amounts falling due after more than one year

8

(1,167

)

(14,481

)

PROVISIONS FOR LIABILITIES

(1,361

)

-

NET ASSETS

27,940

11,652

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

27,938

11,650

SHAREHOLDERS' FUNDS

27,940

11,652

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.

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 5 September 2025 and were signed on its behalf by:

Mrs J M Evans - Director

1.	STATUTORY INFORMATION

Jamies Pasty Shop 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been fully amortised.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

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.

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.

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 6 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

40,000

AMORTISATION

At 1 April 2024

and 31 March 2025

40,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

20,000

40,509

2,468

62,977

Additions

-

100

-

100

At 31 March 2025

20,000

40,609

2,468

63,077

DEPRECIATION

At 1 April 2024

-

34,091

2,394

36,485

Charge for year

-

1,129

19

1,148

At 31 March 2025

-

35,220

2,413

37,633

NET BOOK VALUE

At 31 March 2025

20,000

5,389

55

25,444

At 31 March 2024

20,000

6,418

74

26,492

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

39,250

40,588

VAT

2,074

-

41,324

40,588

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

7,000

686

Trade creditors

-

6,130

Tax

4,385

1,636

Social security and other taxes

1,643

1,613

Other creditors

3,745

-

Directors' current accounts

36,271

42,112

Accrued expenses

2,387

2,015

55,431

54,192

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

1,167

7,440

Bank loans - 2-5 years

-

7,041

1,167

14,481

9.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company is owed £39,250, (2023: £32,250), from Korner Kabin Limited, a company controlled by the director, Mrs J Evans. There is no interest being charged on this loan and it's repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs J M Evans.