Company registration number 01175953 (England and Wales)
JACKSON (LIFE & PENSIONS) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
JACKSON (LIFE & PENSIONS) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 9
JACKSON (LIFE & PENSIONS) LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
4,740
25,280
Tangible assets
4
82,240
90,105
86,980
115,385
Current assets
Debtors
5
559,666
279,300
Cash at bank and in hand
138,997
60,930
698,663
340,230
Creditors: amounts falling due within one year
6
(482,485)
(265,195)
Net current assets
216,178
75,035
Total assets less current liabilities
303,158
190,420
Creditors: amounts falling due after more than one year
7
-
0
(6,320)
Provisions for liabilities
(20,600)
(22,400)
Net assets
282,558
161,700
Capital and reserves
Called up share capital
8
1,000
1,000
Profit and loss reserves
281,558
160,700
Total equity
282,558
161,700
JACKSON (LIFE & PENSIONS) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 February 2026 and are signed on its behalf by:
PB Matthew
Director
Company registration number 01175953 (England and Wales)
JACKSON (LIFE & PENSIONS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Jackson (Life & Pensions) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit Three, Mounts Bay Retail Centre, Wharf Road, PENZANCE, Cornwall, TR18 4FG.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents revenue recognised in the accounts. Revenue is recognised when the company fulfils its contractual obligations to customers. Turnover comprises commission and sundry income receivable from the arranging of pension and life assurance policies and investments and the provision of advice.

The company recognises revenue from the following major sources:

- Commission income

- Income from financial planning

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Commission income

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Income from financial planning

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

JACKSON (LIFE & PENSIONS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
15% per annum on cost
Fixtures, fittings & equipment
20% per annum on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

JACKSON (LIFE & PENSIONS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ 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 debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of 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 deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

JACKSON (LIFE & PENSIONS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 6 -
1.9
Derivatives

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship.

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits
The pension costs charged in the financial statements represent the contributions payable by the company during the year in accordance with FRS 17.
1.13
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.14
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

JACKSON (LIFE & PENSIONS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
26
24
3
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2025 and 31 December 2025
139,800
Amortisation and impairment
At 1 January 2025
114,520
Amortisation charged for the year
20,540
At 31 December 2025
135,060
Carrying amount
At 31 December 2025
4,740
At 31 December 2024
25,280
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2025
7,809
174,212
182,021
Additions
-
0
19,366
19,366
Disposals
(7,809)
(44,438)
(52,247)
At 31 December 2025
-
0
149,140
149,140
Depreciation and impairment
At 1 January 2025
7,474
84,442
91,916
Depreciation charged in the year
-
0
26,846
26,846
Eliminated in respect of disposals
(7,474)
(44,388)
(51,862)
At 31 December 2025
-
0
66,900
66,900
Carrying amount
At 31 December 2025
-
0
82,240
82,240
At 31 December 2024
335
89,770
90,105
JACKSON (LIFE & PENSIONS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,998
-
0
Amounts owed by group undertakings
525,987
258,074
Other debtors
31,681
21,226
559,666
279,300
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
7,211
8,612
Amounts owed to group undertakings
237,796
-
0
Taxation and social security
195,565
110,272
Other creditors
41,913
146,311
482,485
265,195
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
-
0
6,320
8
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
500 'A' Ordinary shares of 40p each
200.00
200.00
125 'B' Ordinary shares of 40p each
50.00
50.00
125 'C' Ordinary shares of 40p each
50.00
50.00
125 'D' Ordinary shares of 40p each
50.00
50.00
125 'E' Ordinary shares of 40p each
50.00
50.00
63 'F' Ordinary shares of 50p each
31.50
31.50
105 'G' Ordinary shares of 50p each
52.50
52.50
225 'K' Ordinary shares of 50p each
112.50
112.50
75 'L' Ordinary shares of 50p each
37.50
37.50
75 'M' Ordinary shares of 50p each
37.50
37.50
225 'N' Ordinary shares of 50p each
112.50
112.50
132 'R' Ordinary shares of 50p each
66.00
66.00
263 'S' Ordinary shares of 50p each
131.50
131.50
37 'T' Ordinary shares of 50p each
18.50
18.50
1,000.00
1,000.00
JACKSON (LIFE & PENSIONS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 9 -
9
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
210,000
-
0
2025-12-31 2025-01-01 false false false 10 February 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity MS Caffry PB Matthew 01175953 2025-01-01 2025-12-31 01175953 2025-12-31 01175953 2024-12-31 01175953 core:NetGoodwill 2025-12-31 01175953 core:NetGoodwill 2024-12-31 01175953 core:LandBuildings 2025-12-31 01175953 core:OtherPropertyPlantEquipment 2025-12-31 01175953 core:LandBuildings 2024-12-31 01175953 core:OtherPropertyPlantEquipment 2024-12-31 01175953 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 01175953 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 01175953 core:WithinOneYear 2025-12-31 01175953 core:WithinOneYear 2024-12-31 01175953 core:AfterOneYear 2025-12-31 01175953 core:AfterOneYear 2024-12-31 01175953 core:CurrentFinancialInstruments 2025-12-31 01175953 core:CurrentFinancialInstruments 2024-12-31 01175953 core:ShareCapital 2025-12-31 01175953 core:ShareCapital 2024-12-31 01175953 core:RetainedEarningsAccumulatedLosses 2025-12-31 01175953 core:RetainedEarningsAccumulatedLosses 2024-12-31 01175953 bus:Director2 2025-01-01 2025-12-31 01175953 core:Goodwill 2025-01-01 2025-12-31 01175953 core:LeaseholdImprovements 2025-01-01 2025-12-31 01175953 core:FurnitureFittings 2025-01-01 2025-12-31 01175953 2024-01-01 2024-12-31 01175953 core:NetGoodwill 2024-12-31 01175953 core:NetGoodwill 2025-01-01 2025-12-31 01175953 core:LandBuildings 2024-12-31 01175953 core:OtherPropertyPlantEquipment 2024-12-31 01175953 2024-12-31 01175953 core:LandBuildings 2025-01-01 2025-12-31 01175953 core:OtherPropertyPlantEquipment 2025-01-01 2025-12-31 01175953 core:Non-currentFinancialInstruments 2025-12-31 01175953 core:Non-currentFinancialInstruments 2024-12-31 01175953 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 01175953 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 01175953 bus:FRS102 2025-01-01 2025-12-31 01175953 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 01175953 bus:Director1 2025-01-01 2025-12-31 01175953 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP