Jacobs Theatre & Leisure Group Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01402092 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

JACOBS THEATRE & LEISURE GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

Mrs V Jacobs

N G Jacobs Jnr

Miss V N Jacobs

SECRETARY:

Mrs V Jacobs

REGISTERED OFFICE:

Kingswood

1 Park Avenue

Wisbech

Cambridgeshire

PE13 3AQ

REGISTERED NUMBER:

01402092 (England and Wales)

ACCOUNTANTS:

Wheelers

Chartered Accountants & Tax Consultants

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

FIXED ASSETS

Tangible assets

4

811

1,025

Investment property

5

1,698,045

1,698,856

1,699,070

CURRENT ASSETS

Debtors

6

259,704

253,123

Cash at bank

754,574

954,762

1,014,278

1,207,885

CREDITORS

Amounts falling due within one year

7

49,857

186,607

NET CURRENT ASSETS

964,421

1,021,278

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,663,277

2,720,348

PROVISIONS FOR LIABILITIES

146,568

146,623

NET ASSETS

2,516,709

2,573,725

CAPITAL AND RESERVES

Called up share capital

9,000

Fair value reserve

8

507,335

Retained earnings

2,000,374

2,057,390

SHAREHOLDERS' FUNDS

2,516,709

2,573,725

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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

Mrs V Jacobs - Director

Miss V N Jacobs - Director

N G Jacobs Jnr - Director

1.	STATUTORY INFORMATION

Jacobs Theatre & Leisure Group 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 directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover

Turnover comprises revenue recognised by the company in respect of rents received during the year, stated net of value added tax.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Such costs include costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value of each asset on a systematic basis over its expected useful life as follows:

Fixtures and fittings

20% Reducing balance

Investment property

Investment property is carried at fair value determined annually by external valuers or based on the opinion of the board of directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value, together with a provision for corporation tax on capital gains which would arise if in the future the properties were sold at the balance sheet value, are recognised in the profit and loss account. The net amount is not distributable and transferred to a fair value reserve.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

and 31 March 2025

425,727

DEPRECIATION

At 1 April 2024

424,702

Charge for year

214

At 31 March 2025

424,916

NET BOOK VALUE

At 31 March 2025

811

At 31 March 2024

1,025

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,698,045

NET BOOK VALUE

At 31 March 2025

1,698,045

At 31 March 2024

1,698,045

Fair value at 31 March 2025 is represented by:

£

Valuation in 2023

1,490,000

Cost

208,045

1,698,045

Investment property was valued on an open market basis on 31 March 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

33,814

17,870

Other debtors

225,890

235,253

259,704

253,123

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Taxation and social security

11,946

66,774

Other creditors

37,911

119,833

49,857

186,607

8.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

507,335

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

Mrs V Jacobs

Balance outstanding at start of year

-

148,642

Amounts advanced

-

62,568

Amounts repaid

-

(211,210

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

N G Jacobs Jnr

Balance outstanding at start of year

152,339

-

Amounts advanced

16,315

165,363

Amounts repaid

(29,171

)

(13,024

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

139,483

152,339

Interest was charged on the overdrawn directors loan account balances at 2.25%

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jacobs Theatre & Leisure Group Limited for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Jacobs Theatre & Leisure Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Jacobs Theatre & Leisure Group Limited and state those matters that we have agreed to state to the Board of Directors of Jacobs Theatre & Leisure Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jacobs Theatre & Leisure Group Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Jacobs Theatre & Leisure Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jacobs Theatre & Leisure Group Limited. You consider that Jacobs Theatre & Leisure Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Jacobs Theatre & Leisure Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wheelers

Chartered Accountants & Tax Consultants

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

17 December 2025