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REGISTERED NUMBER: 04291032 (England and Wales)

| JBCO LIMITED |

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 JANUARY 2025 |

| JBCO LIMITED (REGISTERED NUMBER: 04291032) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page |

| Company Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| JBCO LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JANUARY 2025

| DIRECTORS: | J C Morphet

| B S J Stott

| D Alston

| REGISTERED OFFICE: | South Lakeland House

| Main A6

| Yealand Redmayne

| Carnforth

| Lancashire

| LA5 9RN

| REGISTERED NUMBER: | 04291032 (England and Wales)

| AUDITORS: | Rushtons

| Chartered Accountants

| Statutory Auditors

| Shorrock House

| 1 Faraday Court

| Fulwood

| Preston

| Lancashire

| PR2 9NB

| JBCO LIMITED (REGISTERED NUMBER: 04291032) |

ABRIDGED BALANCE SHEET

31 JANUARY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,401,448 |  | 1,466,966 |  |

CURRENT ASSETS

Stocks | 292,944 |  | 360,058 |  |

Debtors | 12,648,100 |  | 11,992,314 |  |

Cash at bank and in hand | 189,894 |  | 733,417 |  |

13,130,938 |  | 13,085,789 |  |

CREDITORS

Amounts falling due within one year | 745,875 |  | 878,451 |  |

NET CURRENT ASSETS | 12,385,063 |  | 12,207,338 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 13,786,511 |  | 13,674,304 |  |

CAPITAL AND RESERVES

Called up share capital | 3,165 |  | 3,165 |  |

Share premium | 1,862,856 |  | 1,862,856 |  |

Capital redemption reserve | 1,885 |  | 1,885 |  |

Retained earnings | 11,918,605 |  | 11,806,398 |  |

13,786,511 |  | 13,674,304 |  |

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 3 October 2025 and were signed on its behalf by:

D Alston - Director

| JBCO LIMITED (REGISTERED NUMBER: 04291032) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

1. | STATUTORY INFORMATION

| JBCO 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.

| 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 £.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

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

| Freehold property | - | 2% on cost

| Plant and machinery | - | 20% on cost

| Hire fleet | - | 20% on cost

| Motor vehicles | - | 25% on cost

| Land is not depreciated

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

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| 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.

| JBCO LIMITED (REGISTERED NUMBER: 04291032) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| 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.

| 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.

| JBCO LIMITED (REGISTERED NUMBER: 04291032) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102.

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets

| Basic financial assets, which include trade debtors, other debtors, amounts owed by group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| Basic financial liabilities

| Basic financial liabilities, including trade creditors, other creditors and amounts due to fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| Going concern

| The financial statements have been prepared on a going concern basis. The company is part of a large profitable group, which will continue to give support and does not intend to place the company under any undue pressure to repay any intercompany balances.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 12 (2024 - 4 ) .

| JBCO LIMITED (REGISTERED NUMBER: 04291032) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 February 2024 | 1,481,740 |  |

| Disposals | (11,285 | ) |

| At 31 January 2025 | 1,470,455 |  |

| DEPRECIATION

| At 1 February 2024 | 14,774 |  |

| Charge for year | 55,869 |  |

| Eliminated on disposal | (1,636 | ) |

| At 31 January 2025 | 69,007 |  |

| NET BOOK VALUE

| At 31 January 2025 | 1,401,448 |  |

| At 31 January 2024 | 1,466,966 |  |

5. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Adam Calvert FCA (Senior Statutory Auditor)

| for and on behalf of Rushtons

6. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| JBCO LIMITED (REGISTERED NUMBER: 04291032) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

7. | ULTIMATE CONTROLLING PARTY

| The directors consider the ultimate parent undertaking to be Pure Leisure Group Limited, a company incorporated in the United Kingdom. The registered office address for the parent company is:

| South Lakeland House

| Main A6

| Yealand Redmayne

| Carnforth

| Lancashire

| LA5 9RN.

| The ultimate controlling party is John Morphet by way of his controlling interest in the ultimate parent undertaking Pure Leisure Group Limited.

| The smallest and largest group in which the results of the company are consolidated is that headed by Pure Leisure Group Limited. The consolidated accounts of this group are available to the public and may be obtained from:

| The Registrar of Companies

| Companies House

| Crown Way

| Cardiff

| CF14 3UZ.