Jessecco Prosecco Ltd - Filleted accounts


JESSECCO PROSECCO LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2025



































Company Registration Number: 14613751

JESSECCO PROSECCO LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 8

JESSECCO PROSECCO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025


DIRECTOR

J C Hayes


SECRETARY

The company does not have an appointed secretary


REGISTERED OFFICE

45 Station Road
Wallingford
Oxon
OX10 0JX


COMPANY REGISTRATION NUMBER

14613751 England and Wales

JESSECCO PROSECCO LTD

BALANCE SHEET
AS AT 31 JANUARY 2025


	Notes	2025		2024
		£		£

FIXED ASSETS
Tangible assets	5		4,957		3,765

CURRENT ASSETS
Debtors	6	48,968		8,710
Cash at bank and in hand		2,100		21,478


		51,068		30,188

CREDITORS: Amounts falling due within one year	7	53,170		32,059
CREDITORS: Amounts falling due within one year


NET CURRENT LIABILITIES			(2,102)		(1,871)


TOTAL ASSETS LESS CURRENT LIABILITIES			2,855		1,894

Provisions for liabilities and charges			942		-


NET ASSETS			1,913		1,894


CAPITAL AND RESERVES
Called up share capital			1		1
Distributable profit and loss account			1,912		1,893


SHAREHOLDER'S FUNDS			1,913		1,894

JESSECCO PROSECCO LTD

BALANCE SHEET
AS AT 31 JANUARY 2025


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board




J C Hayes
Director

Date approved by the board: 12 December 2025

JESSECCO PROSECCO LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


1	GENERAL INFORMATION

	Jessecco Prosecco Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	45 Station Road
	Wallingford
	Oxon
	OX10 0JX

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Revenue recognition

	Turnover is measured at the fair value of consideration received or receivable. It is recognised at the point of sale for food, beverages, and other goods supplied in the café. For catering and event services, turnover is recognised when the service is provided. Turnover is stated net of trade discounts and value added tax.

	The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.


	Tangible fixed assets

	Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

	Depreciation has been provided at the following rates so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.

	Furniture, fittings, tools and equipment					Straight line basis at 25% per annum
	Computer equipment					Straight line basis at 25% per annum
	Motor vehicles					Reducing balance basis at 25% per annum

	On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.

JESSECCO PROSECCO LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Financial Instruments

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Financial assets are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. Where objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.

The impairment loss for financial assets measured at cost is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.


	Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amount and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

	Impairment of non-financial assets

	At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.

	If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.


	Debtors

	Short term debtors are measured at transaction price, less any impairment.

	Creditors

	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

JESSECCO PROSECCO LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Leases

	Leases are classified as finance leases when they transfer substantially all the risks and rewards of ownership of the leased assets to the company. Other leases that do not transfer substantially all the risks and rewards of ownership of the leased assets to the company are classified as operating leases.

	Payments applicable to operating leases are charged against profit on a straight line basis over the lease term.

	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	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 taxable profits.

	Deferred tax is measured using 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.

	Current and deferred tax assets and liabilities are not discounted.

	Pensions

	The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the amount payable in the year. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments in the balance sheet.

3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	No significant accounting estimates and judgements have had to be made by the director in preparing these financial statements.

JESSECCO PROSECCO LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

4	EMPLOYEES

	The average number of persons employed by the company (including the director) during the year / period was:

					2025	2024
	Average number of employees				11	10


5	TANGIBLE ASSETS
		Furniture, fittings, tools and equipment		Computer equipment	Motor vehicles	Total
			£	£	£	£
	Cost
	At 1 February 2024		2,099	541	1,906	4,546

	Additions		3,184	165	-	3,349

	Disposals		-	-	(906)	(906)


	At 31 January 2025		5,283	706	1,000	6,989


	Accumulated depreciation
	At 1 February 2024		331	68	382	781

	Charge for year		1,029	166	188	1,383

	Disposals		-	-	(132)	(132)


	At 31 January 2025		1,360	234	438	2,032


	Net book value
	At 1 February 2024		1,768	473	1,524	3,765


	At 31 January 2025		3,923	472	562	4,957


6	DEBTORS
					2025	2024
					£	£
	Trade debtors				1,188	-
	Prepayments and accrued income				1,356	-
	Other debtors				46,424	8,710


					48,968	8,710

JESSECCO PROSECCO LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


7	CREDITORS: Amounts falling due within one year
				2025	2024
				£	£
	Bank loans and overdrafts			-	435
	Trade creditors			3,802	-
	Taxation and social security			32,617	25,906
	Accruals and deferred income			4,138	-
	Other creditors			12,613	5,718


				53,170	32,059


8	CONTINGENCIES AND COMMITMENTS

	Other Commitments

	Amounts falling due under operating leases:			2025	2024
				£	£
	In less than one year			6,000	6,000


9	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

	The following director's advances, credits and guarantees took place during the year:

		Balance at 1 February 2024	Amounts advanced	Amounts repaid	Balance at 31 January 2025
		£	£	£	£
	J C Hayes	8,283	35,070	8,643	34,710

Interest has been charged on this advance at the beneficial loan arrangement official rate as prescribed by HM Revenue and Customs. The advance is repayable on demand.