JEWELSPRING LIMITED


Directors	CHALMERS, Sara Jane
	MADDISON, Vivienne Helen


Company Secretary	CHALMERS, Sara Jane


Registered Address	C/O Armstrong Watson 1st Floor
	One Strawberry Lane
	Newcastle Upon Tyne
	NE1 4BX


Registered Number	01692729 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
Current assets
Stocks	3	85,328		86,346
Debtors	4	4,646		3,072
Cash at bank and on hand		7,121		14,623
		97,095		104,041
Creditors amounts falling due within one year	5	(46,998)		(50,282)
Net current assets (liabilities)			50,097		53,759
Total assets less current liabilities			50,097		53,759
Net assets			50,097		53,759
Capital and reserves
Called up share capital			2		2
Profit and loss account			50,095		53,757
Shareholders' funds			50,097		53,759

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

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

CHALMERS, Sara Jane
Director
Registered Company No. 01692729

JEWELSPRING LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis 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.

	Judgements and key sources of estimation uncertainty
	In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

	Turnover policy
	Turnover represents ground rents and other income receivable in respect of freehold reversions, together with sales of freehold reversions.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Stocks and work in progress

Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). 

At each date of Statement of Financial Position, stocks are assessed for impairment.  If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell.  The impairment loss is recognised immediately in the Income Statement.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Stocks
	Stocks are stated at the lower of cost and net realisable value. In determining the cost of freehold reversions, average purchase price is used.

	2025	2024
	£	£
Raw materials and consumables	85,328	86,346
Total	85,328	86,346

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	4,646	3,072
Total	4,646	3,072


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	1,141	4,544
Other creditors	40,000	40,000
Accrued liabilities and deferred income	5,857	5,738
Total	46,998	50,282


	Short term creditors are measured at transaction price (which is usually the invoice price).

6.	Related party transactions
	The company was under control of Mrs F S Horne and Mrs V H Maddison throughout the previous and current year. Included within other creditors is a loan balance of £20,000 (2024 - £20,000) due to Mrs F S Horne and a director's current account balance due to Mrs V H Maddison of £20,000 (2024 - £20,000). Mrs V H Maddison was paid dividends of £4,000 (2024 - £8,000) during the year. There were no further transactions with related parties that were undertaken such as are required to be disclosed under the Financial Reporting Standard 102 Section 1A.

Related party transactions

The company was under control of Mrs F S Horne and Mrs V H Maddison throughout the previous and current year.

Included within other creditors is a loan balance of £20,000 (2024 - £20,000) due to Mrs F S Horne and a director's current account balance due to Mrs V H Maddison of £20,000 (2024 - £20,000). Mrs V H Maddison was paid dividends of £4,000 (2024 - £8,000) during the year.

There were no further transactions with related parties that were undertaken such as are required to be disclosed under the Financial Reporting Standard 102 Section 1A.