Company No: 04805769 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Investments	3	975,596		975,596
		975,596		975,596
Current assets
Debtors	4	25,942		59,607
Cash at bank and in hand		1,697		4,578
		27,639		64,185
Creditors: amounts falling due within one year	5	( 120,503)		( 163,532)
Net current liabilities		(92,864)		(99,347)
Total assets less current liabilities		882,732		876,249
Net assets		882,732		876,249
Capital and reserves
Called-up share capital	6	2		2
Profit and loss account		882,730		876,247
Total shareholders' funds		882,732		876,249

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Jetset Limited (registered number: 04805769) were approved and authorised for issue by the Board of Directors on 12 December 2025. They were signed on its behalf by:

R C Wickham Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Jetset Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at X.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 April 2024	975,596
At 31 March 2025	975,596
Carrying value at 31 March 2025	975,596
Carrying value at 31 March 2024	975,596

Investments in shares

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.03.2025	Ownership 31.03.2024
Ottervale Haulage Limited	Centenary House, Peninsula Park, Rydon Lane, Exeter, EX2 7XE	Haulage and supply of ready mixed concrete	£1 Ordinary Shares	100.00%	100.00%
Barton Block & Stone Limited	Centenary House, Peninsula Park, Rydon Lane, Exeter, EX2 7XE	Merchanting of concrete blocks and quarry products.	£1 Ordinary Shares	100.00%	100.00%
South West Concrete Limited	Centenary House, Peninsula Park, Rydon Lane, Exeter, EX2 7XE	Dormant company	£1 Ordinary Shares	100.00%	0.00%

4. Debtors

	2025		2024
	£		£
Amounts owed by Group undertakings	25,942		59,607

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured)	0		32,029
Other creditors	120,503		131,503
	120,503		163,532

Creditors include secured bank loans of £nil (2024: £32,029)

6. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each	2		2