REGISTERED NUMBER: 01432962 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

JEZCROFT LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J E Wallace

Mr S J Wallace

REGISTERED OFFICE:

25 Dalton Road

Askam-in-Furness

Cumbria

LA16 7AP

REGISTERED NUMBER:

01432962 (England and Wales)

BANKERS:

Barclays Bank plc

Leicestershire

LE87 2BB

FIXED ASSETS

Tangible assets

4

293

81

Investment property

5

415,000

415,000

415,293

415,081

CURRENT ASSETS

Cash at bank

8,641

11,975

CREDITORS

Amounts falling due within one year

13,467

14,018

NET CURRENT LIABILITIES

(4,826

)

(2,043

)

TOTAL ASSETS LESS CURRENT LIABILITIES

410,467

413,038

PROVISIONS FOR LIABILITIES

79,595

-

NET ASSETS

330,872

413,038

CAPITAL AND RESERVES

Called up share capital

7

2

2

Revaluation reserve

-

393,173

Fair value reserve

313,578

-

Retained earnings

17,292

19,863

SHAREHOLDERS' FUNDS

330,872

413,038

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by:

Mrs J E Wallace - Director

1.	STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The financial statements have been prepared on the going concern basis.

Turnover

Turnover represents amounts receivable in respect of rental income.

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

-

15% on reducing balance

Computer equipment

-

33% on 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.

Investment properties

All of the company's properties are held for long-term investment and are included in the Balance Sheet at open market value. The surpluses or deficits on revaluation of freehold properties are transferred to the investment property revaluation reserve. Depreciation is not provided in respect of investment properties which is a departure from the Companies Act 2006. Depreciation if provided would not have been of a material nature

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

7,069

Additions

335

At 31 March 2025

7,404

DEPRECIATION

At 1 April 2024

6,988

Charge for year

123

At 31 March 2025

7,111

NET BOOK VALUE

At 31 March 2025

293

At 31 March 2024

81

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

415,000

NET BOOK VALUE

At 31 March 2025

415,000

At 31 March 2024

415,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2023

415,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

21,827

21,827

6.	SECURED DEBTS

Barclays Bank Plc holds 2 legal charges over the freehold land and Cliffe House regarding all monies due from the company to the chargee on any account whatsoever.

Barclays Bank Plc holds 1 legal charge on 1 and 3 Moor Road, Ireleth regarding all monies due or to become due from the company to the chargee on any account whatsoever.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

2

Ordinary

£1

2

2

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs J E Wallace.