Caseware UK (AP4) 2024.0.164 2024.0.164 2025-04-30 2025-04-30 true 2024-05-01 true true true true true false manufacture of plastic products 17 18 true false 02018225 2024-05-01 2025-04-30 02018225 2023-05-01 2024-04-30 02018225 2025-04-30 02018225 2024-04-30 02018225 2023-05-01 02018225 2 2024-05-01 2025-04-30 02018225 2 2023-05-01 2024-04-30 02018225 d:Director3 2024-05-01 2025-04-30 02018225 e:Buildings 2024-05-01 2025-04-30 02018225 e:Buildings 2025-04-30 02018225 e:Buildings 2024-04-30 02018225 e:Buildings e:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 02018225 e:PlantMachinery 2024-05-01 2025-04-30 02018225 e:PlantMachinery 2025-04-30 02018225 e:PlantMachinery 2024-04-30 02018225 e:PlantMachinery e:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 02018225 e:MotorVehicles 2024-05-01 2025-04-30 02018225 e:FurnitureFittings 2024-05-01 2025-04-30 02018225 e:FurnitureFittings 2025-04-30 02018225 e:FurnitureFittings 2024-04-30 02018225 e:FurnitureFittings e:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 02018225 e:ComputerEquipment 2024-05-01 2025-04-30 02018225 e:ComputerEquipment 2025-04-30 02018225 e:ComputerEquipment 2024-04-30 02018225 e:ComputerEquipment e:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 02018225 e:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 02018225 e:FreeholdInvestmentProperty 2025-04-30 02018225 e:FreeholdInvestmentProperty 2024-04-30 02018225 e:CurrentFinancialInstruments 2025-04-30 02018225 e:CurrentFinancialInstruments 2024-04-30 02018225 e:Non-currentFinancialInstruments 2025-04-30 02018225 e:Non-currentFinancialInstruments 2024-04-30 02018225 e:CurrentFinancialInstruments e:WithinOneYear 2025-04-30 02018225 e:CurrentFinancialInstruments e:WithinOneYear 2024-04-30 02018225 e:Non-currentFinancialInstruments e:AfterOneYear 2025-04-30 02018225 e:Non-currentFinancialInstruments e:AfterOneYear 2024-04-30 02018225 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2025-04-30 02018225 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2024-04-30 02018225 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2025-04-30 02018225 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2024-04-30 02018225 e:ShareCapital 2025-04-30 02018225 e:ShareCapital 2024-04-30 02018225 e:ShareCapital 2023-05-01 02018225 e:RevaluationReserve 2024-05-01 2025-04-30 02018225 e:RevaluationReserve 2025-04-30 02018225 e:RevaluationReserve 2 2024-05-01 2025-04-30 02018225 e:RevaluationReserve 2023-05-01 2024-04-30 02018225 e:RevaluationReserve 2024-04-30 02018225 e:RevaluationReserve 2023-05-01 02018225 e:RevaluationReserve 2 2023-05-01 2024-04-30 02018225 e:InvestmentPropertiesRevaluationReserve 2024-05-01 2025-04-30 02018225 e:InvestmentPropertiesRevaluationReserve 2025-04-30 02018225 e:InvestmentPropertiesRevaluationReserve 2 2024-05-01 2025-04-30 02018225 e:InvestmentPropertiesRevaluationReserve 2024-04-30 02018225 e:InvestmentPropertiesRevaluationReserve 2023-05-01 02018225 e:InvestmentPropertiesRevaluationReserve 2 2023-05-01 2024-04-30 02018225 e:RetainedEarningsAccumulatedLosses 2024-05-01 2025-04-30 02018225 e:RetainedEarningsAccumulatedLosses 2025-04-30 02018225 e:RetainedEarningsAccumulatedLosses 2 2024-05-01 2025-04-30 02018225 e:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 02018225 e:RetainedEarningsAccumulatedLosses 2024-04-30 02018225 e:RetainedEarningsAccumulatedLosses 2023-05-01 02018225 e:RetainedEarningsAccumulatedLosses 2 2023-05-01 2024-04-30 02018225 e:AcceleratedTaxDepreciationDeferredTax 2025-04-30 02018225 e:AcceleratedTaxDepreciationDeferredTax 2024-04-30 02018225 e:TaxLossesCarry-forwardsDeferredTax 2025-04-30 02018225 e:TaxLossesCarry-forwardsDeferredTax 2024-04-30 02018225 e:OtherDeferredTax 2025-04-30 02018225 e:OtherDeferredTax 2024-04-30 02018225 d:FRS102 2024-05-01 2025-04-30 02018225 d:Audited 2024-05-01 2025-04-30 02018225 d:FullAccounts 2024-05-01 2025-04-30 02018225 d:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 02018225 d:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 02018225 5 2024-05-01 2025-04-30 02018225 e:ShareCapital 2 2024-05-01 2025-04-30 02018225 e:ShareCapital 2 2023-05-01 2024-04-30 02018225 f:PoundSterling 2024-05-01 2025-04-30 iso4217:GBP xbrli:pure

Registered number: 02018225 JET PRESS SHIREBROOK LIMITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 30 APRIL 2025
JET PRESS SHIREBROOK LIMITED REGISTERED NUMBER: 02018225 BALANCE SHEET AS AT 30 APRIL 2025
| 2025 | 2025 | 2024 | 2024
Note | £ | £ | £ | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 781,696 |  | 833,538
Investment property | 5 |  | 275,000 |  | 275,000
|  |  | 1,056,696 |  | 1,108,538
Current assets |  |  |  |  |
Stocks |  | 169,378 |  | 189,588 |
Debtors: amounts falling due within one year | 6 | 96,400 |  | 277,443 |
Cash at bank and in hand | 7 | 8,769 |  | 9,583 |
|  | 274,547 |  | 476,614 |
Creditors: amounts falling due within one year | 8 | (151,470) |  | (275,258) |
Net current assets |  |  | 123,077 |  | 201,356
Total assets less current liabilities |  |  | 1,179,773 |  | 1,309,894
Creditors: amounts falling due after more than one year | 9 |  | - |  | (14,585)
Provisions for liabilities |  |  |  |  |
Deferred tax | 11 |  | (87,877) |  | (100,915)
Net assets |  |  | 1,091,896 |  | 1,194,394
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1,000 |  | 1,000
Asset revaluation reserve | 12 |  | 251,930 |  | 257,179
Investment property reserve | 12 |  | 114,000 |  | 114,000
Profit and loss account | 12 |  | 724,966 |  | 822,215
|  |  | 1,091,896 |  | 1,194,394
Page 1
JET PRESS SHIREBROOK LIMITED REGISTERED NUMBER: 02018225 BALANCE SHEET (CONTINUED) AS AT 30 APRIL 2025 The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 September 2025.
R Johnson
Director
The notes on pages 4 to 13 form part of these financial statements. Page 2
JET PRESS SHIREBROOK LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 APRIL 2025
| Called up share capital | Asset revaluation reserve | Investment property revaluation reserve | Profit and loss account | Total equity
| £ | £ | £ | £ | £
At 1 May 2023 | 1,000 | 269,509 | 117,076 | 750,913 | 1,138,498
Profit for the year | - | - | - | 61,228 | 61,228
Movement on deferred tax | - | (5,332) | - | - | (5,332)
Transfer to/from profit and loss account | - | (6,998) | - | 6,998 | -
Surplus on revaluation of investment property | - | - | (3,076) | 3,076 | -
At 1 May 2024 | 1,000 | 257,179 | 114,000 | 822,215 | 1,194,394
Loss for the year | - | - | - | (104,247) | (104,247)
Movement on deferred tax | - | 1,749 | - | - | 1,749
Transfer to/from profit and loss account | - | (6,998) | - | 6,998 | -
At 30 April 2025 | 1,000 | 251,930 | 114,000 | 724,966 | 1,091,896
| The notes on pages 4 to 13 form part of these financial statements.
Page 3
JET PRESS SHIREBROOK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
1. | General information
Jet Press Shirebrook Limited is a private limited company incorporated and domiciled in England. Its registered office and principal place of business are situated at Kingfisher House, Portland Road, Shirebrook, Mansfield, Nottinghamshire NG20 8TY. The principal activity of the company is the manufacture of plastic products. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland": ∙the requirements of Section 7 Statement of Cash Flows; ∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d); ∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c); ∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A; ∙the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23; ∙the requirements of Section 33 Related Party Disclosures paragraph 33.7; ∙the requirement of paragraph 24(b) of IFRS 6 Exploration for and Evaluation of Mineral Resources to disclose the operating and investing cash flows arising from the exploration for and evaluation of mineral resources (when applying this standard in accordance with paragraph 34.11 of FRS 102). This information is included in the consolidated financial statements of Jet Press Holdings Limited as at 30 April 2025 and these financial statements may be obtained from Companies House. Page 4
JET PRESS SHIREBROOK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2.Accounting policies (continued)
| 2.3 | Going concern
The company is supported by its immediate parent company. Discussions with the parent company give the directors no reason to believe this support will be withdrawn in the foreseeable future. The directors have reviewed the working capital requirements of the buisness and anticipated cash flows for the 12 months ending 30 September 2026. On the basis of their assessment of the company's financial position, the directors have a reasonable expectation that the company will be able to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of preparation of the financial statements.
| 2.4 | Foreign currency translation
Functional and presentation currency The company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.
| 2.5 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the company has transferred the significant risks and rewards of ownership to the buyer; ∙the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Page 5
JET PRESS SHIREBROOK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2.Accounting policies (continued)
| 2.6 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.7 | Pensions
Defined contribution pension plan The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
| 2.8 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Page 6
JET PRESS SHIREBROOK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2.Accounting policies (continued)
| 2.9 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight line or reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Freehold property | - | 2% | straight line
|  |  |  | Plant and machinery | - | 20% | reducing balance
|  |  |  | Motor vehicles | - | 25% | reducing balance
|  |  |  | Fixtures and fittings | - | 20% | reducing balance
|  |  |  | Computer equipment | - | 33% | reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.10 | Revaluation of tangible fixed assets
Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date. Fair values are determined from market based evidence normally undertaken by professionally qualified valuers. Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.
| 2.11 | Investment property
Investment property is carried at fair value determined annually by external valuers 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. No depreciation is provided. Changes in fair value are recognised in profit or loss. Page 7
JET PRESS SHIREBROOK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2.Accounting policies (continued)
| 2.12 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.13 | Financial instruments
The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Basic financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Page 8
JET PRESS SHIREBROOK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2.Accounting policies (continued)
| 2.13 | Financial instruments (continued)
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
3. | Employees
| The average monthly number of employees, including directors, during the year was 17 (2024 - 18).
4. | Tangible fixed assets
|  | Freehold property | Plant and machinery | Fixtures and fittings | Computer equipment | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 May 2024 | 662,466 | 740,285 | 182,440 | 1,659 | 1,586,850
| Additions | 306 | 19,451 | 930 | 661 | 21,348
| Disposals | - | (251,654) | (41,600) | - | (293,254)
| At 30 April 2025 | 662,772 | 508,082 | 141,770 | 2,320 | 1,314,944
| Depreciation |  |  |  |  |
| At 1 May 2024 | 13,227 | 582,035 | 157,685 | 365 | 753,312
| Charge for the year on owned assets | 13,241 | 30,259 | 4,402 | 635 | 48,537
| Disposals | - | (227,649) | (40,952) | - | (268,601)
| At 30 April 2025 | 26,468 | 384,645 | 121,135 | 1,000 | 533,248
| Net book value |  |  |  |  |
| At 30 April 2025 | 636,304 | 123,437 | 20,635 | 1,320 | 781,696
| At 30 April 2024 | 649,239 | 158,250 | 24,755 | 1,294 | 833,538
The freehold property was valued on an open market for existing use basis by the director, based on an average of the professional valuations obtained from Fisher Hargreaves Proctor Limited and Innes England Limited on 31 March 2023. The directors do not consider any movement in market value since that time to be material. Page 9
JET PRESS SHIREBROOK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 4.Tangible fixed assets (continued)
| If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cost | 300,403 | 300,097
| Accumulated depreciation | (12,010) | (6,002)
| Net book value | 288,393 | 294,095
5. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 May 2024 | 275,000
| At 30 April 2025 | 275,000
The 2025 valuations were made by the directors, on an open market value for existing use basis.
| If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Historic cost | 123,000 | 123,000
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 55,151 | 48,214
| Prepayments and accrued income | 41,249 | 229,229
|  | 96,400 | 277,443
Page 10
JET PRESS SHIREBROOK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
7. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 8,769 | 9,583
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | - | 9,726
| Trade creditors | 54,898 | 64,839
| Other taxation and social security | 13,779 | 20,096
| Other creditors | 66,034 | 165,039
| Accruals and deferred income | 16,759 | 15,558
|  | 151,470 | 275,258
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | - | 14,585
Page 11
JET PRESS SHIREBROOK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
10. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | - | 9,726
| Amounts falling due 1-2 years |  |
| Bank loans | - | 10,197
| Amounts falling due 2-5 years |  |
| Bank loans | - | 4,388
|  | - | 24,311
| The bank loan is an unsecured Bounce Back loan.
11. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | 100,915
| Charged/(credited) to profit or loss | (11,289)
| Charged/(credited) to other comprehensive income | (1,749)
| At end of year | 87,877
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | 37,058 | 48,347
| Tax losses carried forward | (71,158) | (71,158)
| Revaluation surpluses | 121,977 | 123,726
|  | 87,877 | 100,915
Page 12
JET PRESS SHIREBROOK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
12. | Reserves
Asset revaluation reserve Unrealised gains and losses on revaluation of fixed assets, net of the related deferred tax charge, are held separately in the asset revaluation reserve. These gains are not distributable. The difference between depreciation calculated on the valuation of the the relevant assets and on their historical cost is released to the profit and loss account each year. Investment property revaluation reserve Unrealised gains and losses on revaluation of investment properties, net of the related deferred tax charge, are held separately in the investment property revaluation reserve. These gains are not distributable. Profit and loss account Total comprehensive income for the year is retained and carried forward in the profit and loss account.
13. | Pension commitments
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £4,532 (2024: £8,948). Contributions totalling £244 (2024: £229) were payable to the fund at the balance sheet date and are included in creditors.
14. | Controlling party
The company is a wholly owned subsidiary of Jet Press Limited, a private limited company incorporated and domiciled in England. Jet Press Limited is a wholly owned subsidiary of Jet Press Holdings Limited, a private limited company incorporated and domiciled in Scotland. The company's results are included in the group financial statements prepared by Jet Press Holdings Limited, which can be obtained from Companies House (company number SC619070). G Schwarz holds the controlling interest in Jet Press Holdings Limited and is therefore the ultimate controlling party of Jet Press Shirebrook Limited.
15. | Auditors' information
The auditors' report on the financial statements for the year ended 30 April 2025 was unqualified. The audit report was signed on 22 September 2025 by Jonathan Wilson FCA CTA (senior statutory auditor) on behalf of Barnett & Turner Accountants Ltd.
Page 13