Silverfin false false 30/09/2025 01/10/2024 30/09/2025 Mr M P Jameson 03/09/2020 Mrs L G Ridgway 03/09/2020 05 May 2026 The principal activity of the Company during the financial year was the sale and rental of marine antiques, décor and lighting. 12854739 2025-09-30 12854739 bus:Director1 2025-09-30 12854739 bus:Director2 2025-09-30 12854739 2024-09-30 12854739 core:CurrentFinancialInstruments 2025-09-30 12854739 core:CurrentFinancialInstruments 2024-09-30 12854739 core:Non-currentFinancialInstruments 2025-09-30 12854739 core:Non-currentFinancialInstruments 2024-09-30 12854739 core:ShareCapital 2025-09-30 12854739 core:ShareCapital 2024-09-30 12854739 core:RetainedEarningsAccumulatedLosses 2025-09-30 12854739 core:RetainedEarningsAccumulatedLosses 2024-09-30 12854739 core:Goodwill 2024-09-30 12854739 core:Goodwill 2025-09-30 12854739 core:PlantMachinery 2024-09-30 12854739 core:Vehicles 2024-09-30 12854739 core:FurnitureFittings 2024-09-30 12854739 core:OfficeEquipment 2024-09-30 12854739 core:PlantMachinery 2025-09-30 12854739 core:Vehicles 2025-09-30 12854739 core:FurnitureFittings 2025-09-30 12854739 core:OfficeEquipment 2025-09-30 12854739 bus:OrdinaryShareClass1 2025-09-30 12854739 bus:OrdinaryShareClass2 2025-09-30 12854739 bus:OrdinaryShareClass3 2025-09-30 12854739 2024-10-01 2025-09-30 12854739 bus:FilletedAccounts 2024-10-01 2025-09-30 12854739 bus:SmallEntities 2024-10-01 2025-09-30 12854739 bus:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 12854739 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 12854739 bus:Director1 2024-10-01 2025-09-30 12854739 bus:Director2 2024-10-01 2025-09-30 12854739 core:Goodwill core:TopRangeValue 2024-10-01 2025-09-30 12854739 core:Goodwill 2024-10-01 2025-09-30 12854739 core:PlantMachinery 2024-10-01 2025-09-30 12854739 core:Vehicles 2024-10-01 2025-09-30 12854739 core:FurnitureFittings 2024-10-01 2025-09-30 12854739 core:OfficeEquipment 2024-10-01 2025-09-30 12854739 2023-10-01 2024-09-30 12854739 core:Non-currentFinancialInstruments 2024-10-01 2025-09-30 12854739 bus:OrdinaryShareClass1 2024-10-01 2025-09-30 12854739 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 12854739 bus:OrdinaryShareClass2 2024-10-01 2025-09-30 12854739 bus:OrdinaryShareClass2 2023-10-01 2024-09-30 12854739 bus:OrdinaryShareClass3 2024-10-01 2025-09-30 12854739 bus:OrdinaryShareClass3 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12854739 (England and Wales)

# JAMESON & SONS LIMITED

### Unaudited Financial Statements
For the financial year ended 30 September 2025
Pages for filing with the registrar

JAMESON & SONS LIMITED

## Unaudited Financial Statements

For the financial year ended 30 September 2025

Contents

JAMESON & SONS LIMITED

## BALANCE SHEET

As at 30 September 2025
JAMESON & SONS LIMITED

## BALANCE SHEET (continued)

As at 30 September 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 304,851 |  | 365,822
Tangible assets | 4 | 24,952 |  | 25,420
|  | 329,803 |  | 391,242
Current assets |  |  |  |
Stocks |  | 695,000 |  | 795,000
Debtors | 5 | 24,169 |  | 28,926
Cash at bank and in hand |  | 227,346 |  | 158,256
|  | 946,515 |  | 982,182
Creditors: amounts falling due within one year | 6 | ( 264,934) |  | ( 280,093)
Net current assets |  | 681,581 |  | 702,089
Total assets less current liabilities |  | 1,011,384 |  | 1,093,331
Creditors: amounts falling due after more than one year | 7 | ( 602,974) |  | ( 685,099)
Provision for liabilities |  | ( 6,238) |  | ( 5,902)
Net assets |  | 402,172 |  | 402,330
Capital and reserves |  |  |  |
Called-up share capital | 8 | 100 |  | 100
Profit and loss account |  | 402,072 |  | 402,230
Total shareholders' funds |  | 402,172 |  | 402,330

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

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Jameson & Sons Limited (registered number: 12854739) were approved and authorised for issue by the Board of Directors on 05 May 2026. They were signed on its behalf by:

Mr M P Jameson Director |

JAMESON & SONS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2025
JAMESON & SONS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Jameson & Sons Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Trinity Marine Scattor Rock, Sheldon Lane, Dunsford, Exeter, EX6 7YT, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

##### Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 10 years straight line

###### Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 10 years.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery | 20 % reducing balance
Vehicles | 25 % reducing balance
Fixtures and fittings | 20 % reducing balance
Office equipment | 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 8 |  | 9

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 October 2024 | 609,705 |  | 609,705
At 30 September 2025 | 609,705 |  | 609,705
Accumulated amortisation |  |  |
At 01 October 2024 | 243,883 |  | 243,883
Charge for the financial year | 60,971 |  | 60,971
At 30 September 2025 | 304,854 |  | 304,854
Net book value |  |  |
At 30 September 2025 | 304,851 |  | 304,851
At 30 September 2024 | 365,822 |  | 365,822

#### 4. Tangible assets

| Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 October 2024 | 9,997 |  | 18,489 |  | 17,129 |  | 2,357 |  | 47,972
Additions | 0 |  | 12,989 |  | 0 |  | 3,765 |  | 16,754
Disposals | 0 |  | ( 18,489) |  | 0 |  | 0 |  | ( 18,489)
At 30 September 2025 | 9,997 |  | 12,989 |  | 17,129 |  | 6,122 |  | 46,237
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 October 2024 | 5,862 |  | 6,067 |  | 9,604 |  | 1,019 |  | 22,552
Charge for the financial year | 827 |  | 2,929 |  | 1,505 |  | 574 |  | 5,835
Disposals | 0 |  | ( 7,102) |  | 0 |  | 0 |  | ( 7,102)
At 30 September 2025 | 6,689 |  | 1,894 |  | 11,109 |  | 1,593 |  | 21,285
Net book value |  |  |  |  |  |  |  |  |
At 30 September 2025 | 3,308 |  | 11,095 |  | 6,020 |  | 4,529 |  | 24,952
At 30 September 2024 | 4,135 |  | 12,422 |  | 7,525 |  | 1,338 |  | 25,420

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 5,713 |  | 8,068
Other debtors | 18,456 |  | 20,858
| 24,169 |  | 28,926

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 3,139 |  | 5,389
Taxation and social security | 55,099 |  | 70,309
Other creditors | 206,696 |  | 204,395
| 264,934 |  | 280,093

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Other creditors | 602,974 |  | 685,099

There are no amounts included above in respect of which any security has been given by the small entity.

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
85 Ordinary A shares of £ 1.00 each | 85 |  | 85
5 Ordinary B shares of £ 1.00 each | 5 |  | 5
10 Ordinary C shares of £ 1.00 each | 10 |  | 10
| 100 |  | 100