JEREMYS TWO LTD - Filleted accounts

Registered number

10920321

JEREMYS TWO LTD

Unaudited Filleted Accounts

31 July 2025

JEREMYS TWO LTD
Registered number:		10920321
Balance Sheet
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		16,617			22,145

Current assets
Stocks		29,000			26,000
Debtors	4	85,387			7,673
Cash at bank and in hand		2,380			1,500
		116,767			35,173

Creditors: amounts falling due within one year	5	(179,519)			(150,016)

Net current liabilities			(62,752)			(114,843)

Total assets less current liabilities			(46,135)			(92,698)


Provisions for liabilities			-			(292)


Net liabilities			(46,135)			(92,990)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(46,235)			(93,090)

Shareholders' funds			(46,135)			(92,990)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




J SHOTTER
Director
Approved by the board on 21 April 2026

JEREMYS TWO LTD
Notes to the Accounts
for the year ended 31 July 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
	The directors acknowledge that the company's liabilties exceed its assets. Having considered expected future trading and opportunities to improve the profitability of the business plus the fact that the directors are the company's largest creditor, the directors believe that the going concern basis is still a suitable basis for the preparation of these accounts.
	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings			over the lease term
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

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


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					8		8


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 August 2024	59,453		20,362		49,583		129,398
	Additions	-		511		-		511
	At 31 July 2025	59,453		20,873		49,583		129,909

	Depreciation
	At 1 August 2024	40,243		17,427		49,583		107,253
	Charge for the year	4,855		1,184		-		6,039
	At 31 July 2025	45,098		18,611		49,583		113,292

	Net book value
	At 31 July 2025	14,355		2,262		-		16,617
	At 31 July 2024	19,210		2,935		-		22,145


4	Debtors					2025		2024
£							£

	Trade debtors					3,833		4,350
	Other debtors					81,554		3,323
						85,387		7,673
	Other debtors include £73,025 owed by a connected company (2024: £4,073 creditor). Since the year end the Jeremys Ltd has ceased to trade and therefore this debt is unlikely to be recovered in full.

5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					1,654		8,826
	Trade creditors					39,114		20,950
	Taxation and social security costs					437		2,702
	Other creditors					138,314		117,538
						179,519		150,016


6	Other financial commitments					2025		2024
£							£

	Annual rental payment under non-cancellable operating lease, with 1 year break clause					15,700		15,700


7	Related party transactions

	The directors received no remuneration during the period. At 31/07/2025 the company was owed £73,025 (included in other debtors, 2024: £4,073 creditor) by Jeremys Ltd (same directors and shareholders). Jeremys Ltd has ceased to trade since the year end and therefore this debt is unlikely to be recovered in full. During the year the company recharged a net £60,000 to Jeremys Ltd for produced purchased on its behalf. This is charged is an estimate of the costs incurred.


8	Controlling party

	The ultimate controlling party is J Shotter and C Shotter by virtue of their combined 100% shareholding.


9	Other information

	JEREMYS TWO LTD is a private company limited by shares and incorporated in England. Its registered office is:
	Ansty House
	High Street
	Henfield
	West Sussex
	BN5 9DA