| REGISTERED NUMBER: |
| Ian Jeanes Limited |
| Unaudited Financial Statements for the Year Ended 31 May 2025 |
| REGISTERED NUMBER: |
| Ian Jeanes Limited |
| Unaudited Financial Statements for the Year Ended 31 May 2025 |
| Ian Jeanes Limited (Registered number: 05132417) |
| Contents of the Financial Statements |
| for the year ended 31 May 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Ian Jeanes Limited |
| Company Information |
| for the year ended 31 May 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Accountants and Business Advisers |
| One New Street |
| Wells |
| Somerset |
| BA5 2LA |
| Ian Jeanes Limited (Registered number: 05132417) |
| Balance Sheet |
| 31 May 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Fair value reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Ian Jeanes Limited (Registered number: 05132417) |
| Balance Sheet - continued |
| 31 May 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Ian Jeanes Limited (Registered number: 05132417) |
| Notes to the Financial Statements |
| for the year ended 31 May 2025 |
| 1. | STATUTORY INFORMATION |
| Ian Jeanes Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Preparation of consolidated financial statements |
| The financial statements contain information about Ian Jeanes Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| 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. |
| 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 Profit and Loss Account, 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. |
| Ian Jeanes Limited (Registered number: 05132417) |
| Notes to the Financial Statements - continued |
| for the year ended 31 May 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. |
| Turnover |
| Property Sales |
| Turnover comprises the proceeds from the sale of properties during the financial year, excluding VAT and after deducting any trade discounts. Turnover is recognised at the point at which the significant risks and rewards of ownership have been transferred to the buyer. |
| For property sales, this transfer typically occurs on the earlier of legal completion of the sale contract or transfer of possession to the buyer. At this stage, the company ceases to have managerial involvement or effective control over the property, and the buyer assumes all ownership rights and obligations. |
| Where a sale includes conditional terms, turnover is recognised when all significant conditions of the contract are met, and the buyer is able to complete the purchase with no further barriers. Any payments received prior to this point are treated as deposits and are not included in turnover until completion occurs. |
| Rental Income |
| Rental income from properties are recognised on a straight-line basis over the term of the lease. Rental income is measured at the fair value of the consideration received or receivable, excluding VAT. Incentives granted to tenants, such as rent-free periods, are recognised evenly over the term of the lease. Any service charges and other income related to leased assets are recognised when the related services are performed. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Ian Jeanes Limited (Registered number: 05132417) |
| Notes to the Financial Statements - continued |
| for the year ended 31 May 2025 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Motor |
| fittings | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 June 2024 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 May 2025 |
| DEPRECIATION |
| At 1 June 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 May 2025 |
| NET BOOK VALUE |
| At 31 May 2025 |
| At 31 May 2024 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| under- |
| takings |
| £ |
| COST |
| At 1 June 2024 |
| and 31 May 2025 |
| NET BOOK VALUE |
| At 31 May 2025 |
| At 31 May 2024 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 June 2024 |
| and 31 May 2025 |
| NET BOOK VALUE |
| At 31 May 2025 |
| At 31 May 2024 |
| If investment properties had not been revalued they would have been included at the following historical cost £647,869 (2024 - £647,869). |
| Investment properties were valued on an open market basis on 31 May 2025 by the directors. |
| Ian Jeanes Limited (Registered number: 05132417) |
| Notes to the Financial Statements - continued |
| for the year ended 31 May 2025 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary | £1 | 1,500 | 1,500 |
| Ordinary A | £1 | 90 | 90 |
| Ordinary B | £1 | 90 | 90 |
| Ordinary C | £1 | 90 | 90 |
| 1,770 | 1,770 |