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Company registration number:
02662085
JACK RABBIT PROPERTIES LIMITED
Unaudited Filleted Financial Statements for the year ended
31 March 2026
JACK RABBIT PROPERTIES LIMITED
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of JACK RABBIT PROPERTIES LIMITED
Year ended
31 March 2026
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
JACK RABBIT PROPERTIES LIMITED
for the year ended
31 March 2026
which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
JACK RABBIT PROPERTIES LIMITED
, as a body, in accordance with the terms of my engagement letter dated 28 March 2023. My work has been undertaken solely to prepare for your approval the
financial statements
of
JACK RABBIT PROPERTIES LIMITED
and state those matters that I have agreed to state to the Board of Directors of
JACK RABBIT PROPERTIES LIMITED
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
JACK RABBIT PROPERTIES LIMITED
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
JACK RABBIT PROPERTIES LIMITED
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and loss of
JACK RABBIT PROPERTIES LIMITED
. You consider that
JACK RABBIT PROPERTIES LIMITED
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of JACK RABBIT PROPERTIES LIMITED. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Ian Nelson BFP FCA CT CLCA
t/a VFM Direct 2U Chartered Accountant & Business Advisor
Karinya,
Bungay Rd,
Norwich
Norfolk
NR15 2NG
United Kingdom
Date:
8 April 2026
JACK RABBIT PROPERTIES LIMITED
Statement of Financial Position
31 March 2026

|  | 2026 | 2025
--- | --- | --- | ---
| Note | £ | £
Fixed assets |  |  |  |  |
Tangible assets | 5 | 780,000 |  | 780,000 |
Current assets |  |  |  |  |
Debtors | 6 | 1,389 |  | 1,492 |
Cash at bank and in hand |  | 20,002 |  | 20,936 |
|  | 21,391 |  | 22,428 |
Creditors: amounts falling due within one year | 7 | (26,162 | ) | (23,203 | )
Net current liabilities |  | (4,771 | ) | (775 | )
Total assets less current liabilities |  | 775,229 |  | 779,225 |
Creditors: amounts falling due after more than one year | 8 | (176,695 | ) | (178,274 | )
Provisions for liabilities |  | (103,507 | ) | (103,825 | )
Net assets |  | 495,027 |  | 497,126 |
Capital and reserves |  |  |  |  |
Called up share capital |  | 35,000 |  | 35,000 |
Revaluation reserve |  | 493,825 |  | 493,825 |
Profit and loss account |  | (33,798 | ) | (31,699 | )
Shareholders funds |  | 495,027 |  | 497,126 |

For the year ending
31 March 2026
, 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 financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act 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.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
8 April 2026
, and are signed on behalf of the board by:

Mr M D Donaldson-Davidson
Director

Company registration number:
02662085
JACK RABBIT PROPERTIES LIMITED
Notes to the Financial Statements
Year ended
31 March 2026

## 1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
9a Sunningdale
,
Norwich
,
NR4 6AQ
, United Kingdom.

## 2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

## 3 Accounting policies

## Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

## Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:
Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of turnover can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

## Investment properties

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 the Income Statement.

## Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each Statement of Financial Position date. Gains and losses on remeasurement are recognised in the Income Statement for the year. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Investments in listed company shares are remeasured to market value at each Statement of Financial Position date. Gains and losses on remeasurement are recognised in the Income Statement for the year.

## Deferred tax

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position 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 reporting date.

## Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Income Statement in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

## 4 Average number of employees

The average number of persons employed by the company during the year was
1
(2025:
1.00
).

## 5 Tangible assets

| Land and buildings
--- | ---
| £
Cost |  |
At 1 April 2025 and 31 March 2026 | 780,000 |
Depreciation |  |
At 1 April 2025 and 31 March 2026 | - |
Carrying amount |  |
At 31 March 2026 | 780,000 |
At 31 March 2025 | 780,000 |

## Tangible assets held at valuation

In respect of tangible assets held at valuation, the comparable amounts that would have been recognised if the assets had been carried under the historical cost model are as follows:

| Land and buildings | Land and buildings
--- | --- | ---
| 2026 | 2025
| £ | £
Aggregate historical cost | 197,945 |  | 197,945 |
Carrying amount | 197,945 |  | 197,945 |

## Investment property

Included in land and buildings are the following amounts in relation to investment properties:

| 2026
--- | ---
| £
Carrying value at 1 April 2025 and 31 March 2026 | 780,000 |

The valuations for this and the preceding year were made by the directors, on an open market value for existing use basis.

## 6 Debtors

| 2026 | 2025
--- | --- | ---
| £ | £
Other debtors | 1,389 |  | 1,492 |

## 7 Creditors: amounts falling due within one year

| 2026 | 2025
--- | --- | ---
| £ | £
Other creditors | 26,162 |  | 23,203 |

## 8 Creditors: amounts falling due after more than one year

| 2026 | 2025
--- | --- | ---
| £ | £
Other creditors | 176,695 |  | 178,274 |

## 9 Related party transactions

During the year the company entered into the following transactions with related parties:

| 2026 | 2025
--- | --- | ---
| £ | £
Director's loan to company | 176,695 |  | 178,274 |