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Registration number: 02028386

Jethurst Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 30 June 2025

Jethurst Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

Jethurst Limited

Company Information

Director | Mr Paul Edward Owen

Company secretary | Mrs Anne Margaret Owen

Registered office | Direct Diesels Westport Road Burslem Stoke on Trent ST6 4JF

Accountants | Mill House Accountancy Limited Chartered AccountantsUnit 2, The Keele Centre Three Mile Lane Keele Newcastle-under-Lyme Staffordshire ST5 5HH

Jethurst Limited

(Registration number: 02028386)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 360,250 | 371,032
Investment property | 5 | 2,745,000 | 2,735,422
|  | 3,105,250 | 3,106,454
Current assets |  |  |
Stocks | 6 | 80,500 | 52,750
Debtors | 7 | 180,249 | 348,957
Cash at bank and in hand |  | 477,310 | 547,023
|  | 738,059 | 948,730
Creditors: Amounts falling due within one year | 8 | (474,783) | (394,878)
Net current assets |  | 263,276 | 553,852
Total assets less current liabilities |  | 3,368,526 | 3,660,306
Creditors: Amounts falling due after more than one year | 8 | (70,000) | (70,000)
Provisions for liabilities |  | (274,621) | (321,077)
Net assets |  | 3,023,905 | 3,269,229
Capital and reserves |  |  |
Called up share capital | 9 | 1,300 | 1,300
Revaluation reserve |  | 839,436 | 1,280,243
Retained earnings |  | 2,183,169 | 1,987,686
Shareholders' funds |  | 3,023,905 | 3,269,229

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 March 2026

Jethurst Limited

(Registration number: 02028386)
Balance Sheet as at 30 June 2025

......................................... Mr Paul Edward Owen Director

Jethurst Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Direct Diesels
Westport Road
Burslem
Stoke on Trent
ST6 4JF
United Kingdom

These financial statements were authorised for issue by the director on 17 March 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Jethurst Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Freehold Buildings | 2% Straight line
Plant & Machinery | 25% Reducing balance
Motor Vehicles | 25% Reducing balance
Fixtures & Fittings | 25% Reducing balance
Computer Equipment | 25% Straight Line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Jethurst Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2024 - 5).

Jethurst Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 July 2024 | 417,000 | 6,995 | 19,000 | 25,092 | 468,087
Disposals | - | - | (16,000) | - | (16,000)
At 30 June 2025 | 417,000 | 6,995 | 3,000 | 25,092 | 452,087
Depreciation
At 1 July 2024 | 50,040 | 6,901 | 17,094 | 23,019 | 97,054
Charge for the year | 8,340 | 24 | 477 | 518 | 9,359
Eliminated on disposal | - | - | (14,576) | - | (14,576)
At 30 June 2025 | 58,380 | 6,925 | 2,995 | 23,537 | 91,837
Carrying amount
At 30 June 2025 | 358,620 | 70 | 5 | 1,555 | 360,250
At 30 June 2024 | 366,960 | 94 | 1,906 | 2,072 | 371,032

Included within the net book value of land and buildings above is £358,620 (2024 - £366,960) in respect of freehold land and buildings.

Jethurst Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

5 | Investment properties

| 2025 £
At 1 July | 2,860,422
Additions | 325,385
Fair value adjustments | (440,807)
At 30 June | 2,745,000

The fair value has been assesed by the Directors with reference to discussions with local estate agents.

6 | Stocks

| 2025 £ | 2024 £
Other inventories | 80,500 | 52,750

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 133,352 | 120,011
Prepayments | 6,897 | 32,400
Other debtors | 40,000 | 196,546
| 180,249 | 348,957

Jethurst Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 10,479 | 56,180
Taxation and social security | 96,135 | 99,616
Accruals and deferred income | 47,813 | 43,726
Other creditors | 320,356 | 195,356
| 474,783 | 394,878

Creditors: amounts falling due after more than one year

| 2025 £ | 2024 £
Due after one year |  |
Other financial liabilities | 70,000 | 70,000

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 1,000 | 1,000 | 1,000 | 1,000
C Ordinary of £1 each | 100 | 100 | 100 | 100
B Ordinary of £1 each | 100 | 100 | 100 | 100
D Ordinary of £1 each | 100 | 100 | 100 | 100
| 1,300 | 1,300 | 1,300 | 1,300

10 | Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

| Revaluation reserve £ | Total £
Surplus/deficit on property, plant and equipment revaluation | (440,807) | (440,807)

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Jethurst Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

| Revaluation reserve £ | Total £
Surplus/deficit on property, plant and equipment revaluation | (583,000) | (583,000)