REGISTERED NUMBER: 14023835 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

JFICO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M A Jury

Mrs M Varrall

B Jury

REGISTERED OFFICE:

52-54 Winchester Street

Salisbury

Wiltshire

SP1 1HG

REGISTERED NUMBER:

14023835 (England and Wales)

ACCOUNTANTS:

Ray Bartlett & Co

Accountants & Taxation Consultants

52-54 Winchester Street

Salisbury

Wiltshire

SP1 1HG

FIXED ASSETS

Tangible assets

4

31,633

8,509

Investment property

5

707,979

707,979

739,612

716,488

CURRENT ASSETS

Cash in hand

-

130

CREDITORS

Amounts falling due within one year

6

(151,834

)

(115,867

)

NET CURRENT LIABILITIES

(151,834

)

(115,737

)

TOTAL ASSETS LESS CURRENT LIABILITIES

587,778

600,751

CAPITAL AND RESERVES

Called up share capital

7

650,100

650,100

Retained earnings

8

(62,322

)

(49,349

)

SHAREHOLDERS' FUNDS

587,778

600,751

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 31 October 2025 and were signed on its behalf by:

M A Jury - Director

1.	STATUTORY INFORMATION

JFICO 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.

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

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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

fittings

Totals

£

£

£

COST

At 1 May 2024

-

9,199

9,199

Additions

19,401

5,850

25,251

At 30 April 2025

19,401

15,049

34,450

DEPRECIATION

At 1 May 2024

-

690

690

Charge for year

-

2,127

2,127

At 30 April 2025

-

2,817

2,817

NET BOOK VALUE

At 30 April 2025

19,401

12,232

31,633

At 30 April 2024

-

8,509

8,509

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

and 30 April 2025

707,979

NET BOOK VALUE

At 30 April 2025

707,979

At 30 April 2024

707,979

Included in fair value of investment property is freehold land of £ 707,979 (2024 - £ 707,979 ) which is not depreciated.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Other creditors

151,114

111,667

Accrued expenses

720

4,200

151,834

115,867

Other creditors £146,656 (£111,667-2024) is the amount owed to New Forest Water Park Group Holdings Limited a company owned by the directors and shareholders.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

650,000

Ordinary A

£1

650,000

650,000

Allotted and issued:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

100

Share capital 1

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 May 2024

(49,349

)

Deficit for the year

(12,973

)

At 30 April 2025

(62,322

)