Jac Y Do Limited - Filleted accounts

Registered number

08469516

Jac Y Do Limited

Unaudited Filleted Accounts

31 March 2025

Jac Y Do Limited
Registered number:		08469516
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		43,706			20,974
Investment property	5		512,321			512,321
			556,027			533,295

Current assets
Debtors	6	465,121			471,063
Cash at bank and in hand		254,742			210,119
		719,863			681,182

Creditors: amounts falling due within one year	7	(358,070)			(341,481)

Net current assets			361,793			339,701

Total assets less current liabilities			917,820			872,996

Creditors: amounts falling due after more than one year	8		(62,183)			(79,853)

Provisions for liabilities			(5,371)			-


Net assets			850,266			793,143

Capital and reserves
Called up share capital			100			100
Profit and loss account			850,166			793,043

Shareholders' funds			850,266			793,143

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The 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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


B J L Morris
Director
Approved by the board on 15 December 2025

Jac Y Do Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	Over 3 to 5 years
	Motor vehicles	over 4 years

	Investment property
	Investment property is property held either to earn rental income or for capital appreciation or both, but not for sale in the ordinary course of business, use in the production or supply of goods or services or for administrative purposes. Investment property is initially measured at cost and subsequently at fair value with any change recognised in the statement of comprehensive income. Deferred tax is provided on gains arising on revaluations at the rate expected to apply when the property is sold.

	Debtors
	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.

	Creditors
	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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 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.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Determination of fair value

	Investment property
	The company's investment properties are valued annually by the directors who are experienced in the acquisition and management of investment properties. The fair values are based on market values, being the estimated amount for which a property could be exchanged on the date of the valuation between a willing buyer and a willing seller in an arm's length transaction after proper marketing wherein the parties had each acted knowledgeably. In the absence of current prices in an active market, the valuations are prepared by considering the estimated rental value of the property. A market yield is applied to the estimated rental value to arrive at the gross property valuation. When actual rents differ materially from the estimated rental value, adjustments are made to reflect actual returns. Valuations reflect, when appropriate, the type of the tenants actually in occupation or responsible for meeting lease commitments or likely to be in occupation after letting vacant accommodation, the allocation of maintenance and insurance obligations between the company and the lessee, and the remaining economic life of the property. When rent reviews or lease renewals are pending with anticipated reversionary increases, it is assumed that all notices, and when appropriate, counter-notices, have been served validly and within the appropriate time.


3	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			3		2


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	18,951		51,723		70,674
	Additions	861		41,175		42,036
	Disposals	-		(20,116)		(20,116)
	At 31 March 2025	19,812		72,782		92,594

	Depreciation
	At 1 April 2024	15,494		34,206		49,700
	Charge for the year	1,532		17,772		19,304
	On disposals	-		(20,116)		(20,116)
	At 31 March 2025	17,026		31,862		48,888

	Net book value
	At 31 March 2025	2,786		40,920		43,706
	At 31 March 2024	3,457		17,517		20,974

5	Investment property			2025		2024
£					£
	Fair value
	At 1 April 2024			512,321		512,321
	Additions			-		-
	Change in fair value
	At 31 March 2025			512,321		512,321

	Historical cost
	At 1 April 2024			512,321		512,321
	At 31 March 2025			512,321		512,321

	Investment property comprises a mixed residential and commercial property which is leased to third parties. The commercial leases contains an initial non-cancellable period with periodic rent reviews. Subsequent renewals are negotiated with the lessee. Residential property is let on short term assured tenancies for an initial period of six months. Tenancies are either rolled over into tenancies at will on the same terms or are re-negotiated with the tenants. The property is measured at fair value and changes in fair value are recognised in the statement of comprehensive income. Fair value is determined by the directors.

6	Debtors			2025		2024
£					£

	Other debtors			465,121		471,063


7	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			17,709		16,291
	Trade creditors			49,357		41,551
	Taxation and social security costs			36,111		55,317
	Other creditors			254,893		228,322
				358,070		341,481


8	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			62,183		79,853


9	Related party transactions

	The directors have made loans to the company. The balance due to the directors at the year end is £209,275 (2024 - £183,937) and is included in other creditors. The loans are interest free and repayable on demand.

	The directors received no remuneration during the year. As shareholders they participated in the dividend payments made during the year in proportion to their shareholdings in the company.

	RBIS Properties Limited			2025		2024
£					£
	Mr R M L Morris and Mr B J L Morris are directors and shareholders of RBIS Properties Limited.
	Jac Y do Limited has made loans to RBIS Properties Limited. The loans are interest free and repayable on demand. The balance outstanding is included in other debtors.
	Amount due from the related party at the year end was			169,796		169,796

	Henllys Holdings Ltd			2025		2024
£					£
	Mr R M L Morris, Mrs S I Morris and Mr B J L Morris are directors and shareholders of Henllys Holdings Limited.
	Jac Y do Limited has made loans to Henllys Holdings Ltd. The loans are interest free and repayable on demand. The balance outstanding is included in other debtors.
	Amount due to the related party at the year end was			264,733		268,975

	Linquest Limited			2025		2024
£					£
	Mr R M L Morris, Mrs S I Morris and Mr B J L Morris are directors and shareholders of Linquest Limited.
	Jac Y Do Limited has received loans from Linquest Limited. The loans are interest free and repayable on demand. The balance outstanding is included in other creditors.
	Amount due to the related party at the year end was			33,637		33,637



10	Controlling party

	The company is under the ultimate control of Mr B J L Morris.


11	Other information

	Jac Y Do Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
	Morawel
	Tresaith
	Cardigan
	Ceredigeon
	SA43 2JN