Jackson Lockhart Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 11067237 (England and Wales)

Jackson Lockhart Ltd

Unaudited Financial Statements

For The Year Ended

30th November 2024

Page

Balance Sheet

1

to

2

Notes to the Financial Statements

3

to

6

FIXED ASSETS

Tangible assets

4

20,221

26,558

Investments

5

12,600

Investment property

6

1,519,776

1,552,597

1,558,934

CURRENT ASSETS

Debtors

7

25,900

Cash at bank

1,383

2,640

27,283

28,540

CREDITORS

Amounts falling due within one year

8

567,076

612,700

NET CURRENT LIABILITIES

(539,793

)

(584,160

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,012,804

974,774

CREDITORS

Amounts falling due after more than one year

9

(218,344

)

(219,063

)

PROVISIONS FOR LIABILITIES

(114,174

)

(114,174

)

NET ASSETS

680,286

641,537

CAPITAL AND RESERVES

Called up share capital

2

Other reserves

465,224

Retained earnings

215,060

176,311

SHAREHOLDERS' FUNDS

680,286

641,537

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2024 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 28th November 2025 and were signed on its behalf by:

T W Pollack - Director

1.	STATUTORY INFORMATION

Jackson Lockhart Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11067237

Registered office:

Studio 6

Pivotal House

Orford Yard

Norwich

Norfolk

NR1 3TB

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.

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.

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1st December 2023

and 30th November 2024

5,186

45,000

1,350

51,536

DEPRECIATION

At 1st December 2023

1,767

22,324

887

24,978

Charge for year

513

5,669

155

6,337

At 30th November 2024

2,280

27,993

1,042

31,315

NET BOOK VALUE

At 30th November 2024

2,906

17,007

308

20,221

At 30th November 2023

3,419

22,676

463

26,558

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st December 2023

and 30th November 2024

12,600

NET BOOK VALUE

At 30th November 2024

12,600

At 30th November 2023

12,600

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st December 2023

and 30th November 2024

1,519,776

NET BOOK VALUE

At 30th November 2024

1,519,776

At 30th November 2023

1,519,776

Investment property was valued on an open market basis on 30 November 2023 by the director.

Fair value at 30th November 2024 is represented by:

£

Valuation in 2021

315,000

Valuation in 2022

259,351

Cost

945,425

1,519,776

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Other debtors

25,900

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Amounts owed to group undertakings

52,227

63,127

Taxation and social security

6,717

-

Other creditors

508,132

549,573

567,076

612,700

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Other creditors

218,344

219,063

10.	RELATED PARTY DISCLOSURES

At the year end, the company owed £52,227 (2023: £63,127), to a company which is under the directors control.There is no interest being charged on this and there are no fixed repayment terms.

At the year end, the company owed £559,047 (2023: £588,996) to the directors. There is no interest being charged on this and there are no fixed repayment terms.

During the year, the company charged rent of £52,000 (2023: £48,000) to a company which is under the directors control.