| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31st March 2025 |
| for |
| Justancorr Ltd |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31st March 2025 |
| for |
| Justancorr Ltd |
| Justancorr Ltd (Registered number: 11703926) |
| Contents of the Financial Statements |
| for the Year Ended 31st March 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Justancorr Ltd |
| Company Information |
| for the Year Ended 31st March 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 29 High Street |
| Blue Town |
| SHEERNESS |
| Kent |
| ME12 1RN |
| Justancorr Ltd (Registered number: 11703926) |
| Balance Sheet |
| 31st March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 9 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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. |
| Justancorr Ltd (Registered number: 11703926) |
| Balance Sheet - continued |
| 31st March 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Justancorr Ltd (Registered number: 11703926) |
| Notes to the Financial Statements |
| for the Year Ended 31st March 2025 |
| 1. | STATUTORY INFORMATION |
| Justancorr Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2024 - NIL). |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st April 2024 |
| Revaluations | 65,000 |
| At 31st March 2025 |
| NET BOOK VALUE |
| At 31st March 2025 |
| At 31st March 2024 |
| Justancorr Ltd (Registered number: 11703926) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2025 |
| 4. | INVESTMENT PROPERTY - continued |
| Fair value at 31st March 2025 is represented by: |
| £ |
| Valuation in 2023 | 250,017 |
| Valuation in 2024 | 135,000 |
| Valuation in 2025 | 65,000 |
| Cost | 359,983 |
| 810,000 |
| If investment properties had not been revalued they would have been included at the following historical cost: |
| 2025 | 2024 |
| £ | £ |
| Cost | 359,983 | 359,983 |
| Aggregate depreciation | (21,600 | ) | (14,400 | ) |
| Investment properties were valued on an open market basis on 31st March 2025 by the directors . |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Barclays Bank PLC | - | 6,209 |
| Onesavings Bank PLC | 267,750 | 267,750 |
| Together Commercial Finance Ltd | 136,378 | 136,378 |
| 404,128 | 410,337 |
| Justancorr Ltd (Registered number: 11703926) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2025 |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Onesavings Bank PLC | 267,750 | 267,750 |
| Together Commercial Finance | 136,378 | 136,378 |
| There is a charge registered over the property at 101a to 101c Dover Road, Folkstone Kent in favour of Onesavings Bank PLC dated 25 March 2022. |
| There is a charge registered over the property at The Old Coach House 101a Dover Road, Folkstone Kent in favour of Together Commercial Finance Limited dated 12 May 2023. |
| 9. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1st April 2024 |
| Investment properties | 65,000 |
| Deferred tax | (12,350 | ) |
| At 31st March 2025 |
| 10. | RELATED PARTY DISCLOSURES |
| Included in creditors due within 1 year are amounts owed to the company's directors as follows, the amounts are repayable on demand. |
| C Griffin £292,180. |
| S Dernulc £61,701. |
| J Newbury £61,701 |