JESTELL LIMITED


Directors	PYCROFT, Elliott Joseph
	PYCROFT, Jessica Rae
	PYCROFT, Stephen Gerard


Registered Address	Winston Court Llanvetherine
	Llanvetherine
	Abergavenny
	NP7 8RG


Registered Number	08765568 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		8,578,493		8,578,515
Investments	4		101		101
			8,578,594		8,578,616
Current assets
Stocks	5	2,426,830		2,359,453
Debtors		8,559,666		8,249,829
Cash at bank and on hand		56,001		85,971
		11,042,497		10,695,253
Creditors amounts falling due within one year	6	(1,313,027)		(1,680,328)
Net current assets (liabilities)			9,729,470		9,014,925
Total assets less current liabilities			18,308,064		17,593,541
Creditors amounts falling due after one year	7		(4,081,100)		(3,381,100)
Provisions for liabilities	8		(262,815)		(262,815)
Net assets			13,964,149		13,949,626
Capital and reserves
Called up share capital			2,010		2,010
Share premium			9,998,000		9,998,000
Profit and loss account			3,964,139		3,949,616
Shareholders' funds			13,964,149		13,949,626

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 31 December 2025, and are signed on its behalf by:

PYCROFT, Stephen Gerard
Director
Registered Company No. 08765568

JESTELL LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	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.

Revenue from sale of goods

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.

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

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	4		4

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 April 24	7,260,218	-	108,569	16,783	7,385,570
Additions	-	339	549	-	888
At 31 March 25	7,260,218	339	109,118	16,783	7,386,458
Depreciation and impairment
At 01 April 24	(1,308,243)	-	97,346	17,952	(1,192,945)
Charge for year	-	-	910	-	910
At 31 March 25	(1,308,243)	-	98,256	17,952	(1,192,035)
Net book value
At 31 March 25	8,568,461	339	10,862	(1,169)	8,578,493
At 31 March 24	8,568,461	-	11,223	(1,169)	8,578,515

4.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 April 24	101	101
At 31 March 25	101	101
Net book value
At 31 March 25	101	101
At 31 March 24	101	101

	Notes
	¹Investments in group undertakings and participating interests

5.	Stocks

	2025	2024
	£	£
Work in progress	2,426,830	2,359,453
Total	2,426,830	2,359,453

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	77,546	131,275
Amounts owed to related parties	1,195,977	1,375,029
Taxation and social security	6,760	86,190
Other creditors	18,280	55,644
Accrued liabilities and deferred income	14,464	32,190
Total	1,313,027	1,680,328


	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.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	4,081,100	3,381,100
Total	4,081,100	3,381,100

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	262,815	262,815
Total	262,815	262,815