| Registered Number:05750972 |
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2025
JCPII Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
JCPII Limited
Statement of Financial Position
2024
2025
| Property, plant and equipment |
5,004
5,505
2
5,004
5,505
| Trade and other receivables |
162,682
276,166
3
134,560
| Cash and cash equivalents |
-
276,166
297,242
| Trade and other payables: amounts falling due within one |
| year |
(284,518)
(273,256)
4
12,724
2,910
Net current assets
| Total assets less current liabilities |
7,914
18,229
| Trade and other payables: amounts falling due after more |
| than one year |
(16,667)
(6,668)
5
(1,200)
(1,000)
| Provisions for liabilities |
46
Net assets
562
95
95
(49)
467
46
562
Shareholders' funds
| For the year ended 31 March 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| 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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 March 2025
JCPII Limited
Statement of Financial Position Continued
| Mr D. De-Burgh Milne Director |
| These financial statements were approved and authorised for issue by the Board on 30 December 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 March 2025
JCPII Limited
Notes to the Financial Statements
Statutory Information
| JCPII Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 05750972. |
Omega Court
368 Cemetery Road
Sheffield
S11 8FT
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and |
| the Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Turnover is recognised on the completion of each large contract assignment or small job, in accordance with the contract terms. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Marine craft
Fixtures and fittings
Inventories
| Income on work in progress contracts is recognised by reference to the valuation of time spent on each contract, at the year end. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to fairly reflect the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover, and the related costs. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 the 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 timing differences. 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 future profits. |
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For the year ended 31 March 2025
JCPII Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
14,657
383
15,040
| Provision for depreciation and impairment |
9,152
Charge for year
884
10,036
5,004
5,505
| 3. Trade and other receivables |
2024
2025
219,166
162,682
57,000
-
162,682
276,166
| 4. Trade and other payables: amounts falling due within one year |
2024
2025
30,026
10,000
148,182
138,044
| Taxation and social security |
90,018
132,193
5,030
4,281
273,256
284,518
| 5. Trade and other payables: amounts falling due after more than one year |
2024
2025
6,668
16,667
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For the year ended 31 March 2025
JCPII Limited
Notes to the Financial Statements Continued
| 6. Related party transactions |
| The directors are also shareholders of the company. Dividends paid to the directors, as shareholders of the |
| company, during the year (with the previous year shown in brackets) were as follows: Mr D. de Burgh-Milne |
| £105,300 (£163,200); Mr J.T. Dakin £Nil (£6,250); Mr P. Rowson £32,400 (£35,150). |
| 7. Directors advances and guarantees |
| During the year, the Director's Current Account of D. de Burgh-Milne became overdrawn. The Director's |
| Current Account first became overdrawn in March 2025 by virtue of a loan provided by the company. The |
| maximum loan balance outstanding in the year was £57,000 and forms part of 'Other Debtors'. The loan |
| balance outstanding at the year end was £57,000. Interest has been charged by the company on these loans. |
| 8. Average number of persons employed |
During the year the average number of employees was 3 (2024 : 3)
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