Company Registration No. 08670694 (England and Wales)
Jacobson Grace Ltd
Unaudited accounts
for the year ended 31 March 2025
Jacobson Grace Ltd
Statement of financial position
as at 31 March 2025
Investment property
700,000
700,000
Cash at bank and in hand
49,238
63,842
Creditors: amounts falling due within one year
(185,235)
(202,608)
Net current liabilities
(135,997)
(138,766)
Total assets less current liabilities
564,003
561,234
Provisions for liabilities
Deferred tax
(116,490)
(116,490)
Net assets
447,513
444,744
Called up share capital
5,000
5,000
Profit and loss account
442,513
439,744
Shareholders' funds
447,513
444,744
For the 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. 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2025 and were signed on its behalf by
Kerry Wilson
Director
Company Registration No. 08670694
Jacobson Grace Ltd
Notes to the Accounts
for the year ended 31 March 2025
Jacobson Grace Ltd is a private company, limited by shares, registered in England and Wales, registration number 08670694. The registered office is 141 Somerset Road, Christchurch, Dorset, BH23 3PY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The directors believe that the company Jacobson Grace Ltd has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
The accounts are presented in £ sterling.
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and revenue can be measured reliably. Revenue from rental of investment property is measured as the fair value of any consideration received or receivable, excluding discounts, value added taxes and other sales taxes.
Investment property is measured at fair value with changes in fair value recognised in the Profit and Loss Account. Revalued investment properties are not depreciated or amortised.
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
Jacobson Grace Ltd
Notes to the Accounts
for the year ended 31 March 2025
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 April 2024
700,000
The profit and loss account includes £311,969 of accumulated distributable reserves relating to fair value uplifts recognised on investment properties (2024: £311,969).
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Creditors: amounts falling due within one year
2025
2024
Trade creditors
1,839
1,680
Taxes and social security
8,742
8,900
Loans from directors
172,869
185,078
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Deferred taxation
2025
2024
Revaluation of investment property
116,490
116,490
Provision at start of year
116,490
116,490
Provision at end of year
116,490
116,490
Allotted, called up and fully paid:
5,000 Ordinary shares of £1 each
5,000
5,000
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Average number of employees
During the year the average number of employees was 1 (2024: 1).