REGISTERED NUMBER: 06701101 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

JAGEL ENTERPRISES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S M Guy

REGISTERED OFFICE:

42-44 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BL

REGISTERED NUMBER:

06701101 (England and Wales)

ACCOUNTANTS:

Beeley Hawley & Co. Ltd

Chartered Accountants

42-44 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BL

FIXED ASSETS

Intangible assets

4

12,000

15,000

Tangible assets

5

79,818

106,648

Investment property

6

1,070,000

1,070,000

1,161,818

1,191,648

CURRENT ASSETS

Debtors

7

8,000

3,587

Cash at bank

19,016

23,157

27,016

26,744

CREDITORS

Amounts falling due within one year

8

196,077

269,838

NET CURRENT LIABILITIES

(169,061

)

(243,094

)

TOTAL ASSETS LESS CURRENT LIABILITIES

992,757

948,554

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Fair value reserve

9

79,888

79,888

Retained earnings

902,869

858,666

992,757

948,554

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 31 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 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 director and authorised for issue on 7 October 2025 and were signed by:

S M Guy - Director

1.	STATUTORY INFORMATION

Jagel Enterprises 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 as modified by the revaluation of certain assets.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

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

Plant and machinery etc

-

20% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

30,000

AMORTISATION

At 1 January 2024

15,000

Charge for year

3,000

At 31 December 2024

18,000

NET BOOK VALUE

At 31 December 2024

12,000

At 31 December 2023

15,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

279,277

Disposals

(17,790

)

At 31 December 2024

261,487

DEPRECIATION

At 1 January 2024

172,629

Charge for year

19,546

Eliminated on disposal

(10,506

)

At 31 December 2024

181,669

NET BOOK VALUE

At 31 December 2024

79,818

At 31 December 2023

106,648

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

1,070,000

NET BOOK VALUE

At 31 December 2024

1,070,000

At 31 December 2023

1,070,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2023

79,887

Cost

990,113

1,070,000

The investment property is included at a director's valuation. If measured at the historic cost basis, the net book value would be £969,701.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

8,000

-

Other debtors

-

3,587

8,000

3,587

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Tax

7,258

-

Other creditors

12,800

12,800

Directors' loan accounts

171,380

244,518

Accruals and deferred income

4,639

12,520

196,077

269,838

9.

RESERVES

Fair

value

reserve

£

At 1 January 2024

and 31 December 2024

79,888

10.	RELATED PARTY DISCLOSURES

During the year end the director held a loan account with the company, at the year end the company owed

£171,379 (2023 : £244,518) to the director. This loan is interest free and repayable under no specific terms.