JAF (Yeovil) Limited


Directors	Evans, Carolyn
	Frosdick, John Arthur


Company Secretary	Frosdick, Doreen Carole


Registered Address	Orchard Farm, 67 High Street
	West Coker
	Yeovil
	BA22 9AS


Registered Number	05960208 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		8,039		10,264
Investments	4		580,000		587,000
			588,039		597,264
Current assets
Debtors	6	1,611		1,431
Cash at bank and on hand		52,487		69,138
		54,098		70,569
Creditors amounts falling due within one year	7	(161,226)		(191,856)
Net current assets (liabilities)			(107,128)		(121,287)
Total assets less current liabilities			480,911		475,977
Provisions for liabilities			(22,058)		(23,811)
Net assets			458,853		452,166
Capital and reserves
Called up share capital			500		500
Revaluation reserve			147,797		153,467
Profit and loss account			310,556		298,199
Shareholders' funds	8		458,853		452,166

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 2 December 2025, and are signed on its behalf by:

Evans, Carolyn
Director
Registered Company No. 05960208

JAF (Yeovil) Limited

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	25	-
Fixtures and fittings	25	-
Vehicles	25	-
Office Equipment	-	3

	Investments
	Investments property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 April 24	21,798	20,600	12,742	4,275	59,415
Additions	-	-	-	600	600
At 31 March 25	21,798	20,600	12,742	4,875	60,015
Depreciation and impairment
At 01 April 24	15,503	18,066	11,466	4,116	49,151
Charge for year	1,573	633	319	300	2,825
At 31 March 25	17,076	18,699	11,785	4,416	51,976
Net book value
At 31 March 25	4,722	1,901	957	459	8,039
At 31 March 24	6,295	2,534	1,276	159	10,264

4.	Fixed asset investments

	Other investments¹	Total
	£	£
Cost or valuation
At 01 April 24	587,000	587,000
Revaluations	(7,000)	(7,000)
At 31 March 25	580,000	580,000
Net book value
At 31 March 25	580,000	580,000
At 31 March 24	587,000	587,000

	Notes
	¹Other investments other than loans

5.	Revaluation of fixed asset investments
	If the investment properties had not been revalued they would have been included at historical cost of £411,671 (2024: £411,671). The investment properties were valued on an open market basis on 31 March 2025 by the director. 2025 2024 £ £ Investments 580,000 587,000

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	715	715
Prepayments and accrued income	896	716
Total	1,611	1,431


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	3,000	6,088
Amounts owed to related parties	153,332	180,562
Taxation and social security	3,556	3,928
Accrued liabilities and deferred income	1,338	1,278
Total	161,226	191,856


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Revaluation reserve
	The revaluation reserve is non-distributable.


		£
	Reserve at 01 April 24	153,467
	Revaluations of plant, property and equipment	(7,000)
	Deferred Tax on Revaluations	1,330
	At 31 March 25	147,797