Company registration number 04344883 (England and Wales)
JEWELCAST LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
JEWELCAST LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 10
JEWELCAST LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2025
30 November 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
971,889
838,767
Investment property
4
2,758,997
2,678,670
3,730,886
3,517,437
Current assets
Stocks
900,393
735,822
Debtors
5
1,513,283
1,283,372
Cash at bank and in hand
741,921
606,682
3,155,597
2,625,876
Creditors: amounts falling due within one year
6
(1,242,886)
(1,087,785)
Net current assets
1,912,711
1,538,091
Total assets less current liabilities
5,643,597
5,055,528
Creditors: amounts falling due after more than one year
7
(956,513)
(1,022,820)
Net assets
4,687,084
4,032,708
Capital and reserves
Called up share capital
8
118
118
Share premium account
34,900
34,900
Profit and loss reserves
4,652,066
3,997,690
Total equity
4,687,084
4,032,708
JEWELCAST LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2025
30 November 2025
- 2 -

For the financial year ended 30 November 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.

The financial statements were approved by the board of directors and authorised for issue on 14 April 2026 and are signed on its behalf by:
K S Murphy
Director
Company registration number 04344883 (England and Wales)
JEWELCAST LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 3 -
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 December 2023
118
34,900
3,555,405
3,590,423
Year ended 30 November 2024:
Profit and total comprehensive income
-
-
859,557
859,557
Dividends
-
-
(417,272)
(417,272)
Balance at 30 November 2024
118
34,900
3,997,690
4,032,708
Year ended 30 November 2025:
Profit and total comprehensive income
-
-
1,134,303
1,134,303
Dividends
-
-
(479,927)
(479,927)
Balance at 30 November 2025
118
34,900
4,652,066
4,687,084
JEWELCAST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 4 -
1
Accounting policies
Company information

Jewelcast Limited is a private company limited by shares incorporated in England and Wales. The registered office is 25 - 26 Warstone Lane, Birmingham, United Kingdom, B18 6JQ.

1.1
Accounting convention

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, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

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.

1.3
Tangible fixed assets

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

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

Freehold land and buildings
2% straight line
Leasehold land and buildings
straight line over the term of the lease
Plant and machinery
15% reducing balance
Fixtures, fittings and equipment
33% straight line
Motor vehicles
25% reducing balance

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.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

JEWELCAST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible 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.

1.6
Stocks

Stocks are stated at market value less costs to complete and sell.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
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.

Debtors and creditor with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.9
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.

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 liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

JEWELCAST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 6 -
1.12
Retirement benefits

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

1.13
Leases

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.

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.

1.15
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

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

2025
2024
Number
Number
Total
45
41
JEWELCAST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 7 -
3
Tangible fixed assets
Freehold land and buildings
Leasehold land and buildings
Plant and machinery
Fixtures, fittings and equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 December 2024
542,591
37,479
599,976
121,283
11,000
1,312,329
Additions
-
0
-
0
184,252
47,757
-
0
232,009
Disposals
-
0
-
0
(31,800)
-
0
-
0
(31,800)
At 30 November 2025
542,591
37,479
752,428
169,040
11,000
1,512,538
Depreciation and impairment
At 1 December 2024
43,408
35,398
295,296
96,242
3,218
473,562
Depreciation charged in the year
10,852
1,503
49,743
24,489
1,356
87,943
Eliminated in respect of disposals
-
0
-
0
(20,856)
-
0
-
0
(20,856)
At 30 November 2025
54,260
36,901
324,183
120,731
4,574
540,649
Carrying amount
At 30 November 2025
488,331
578
428,245
48,309
6,426
971,889
At 30 November 2024
499,183
2,081
304,680
25,041
7,782
838,767
4
Investment property
2025
£
Fair value
At 1 December 2024
2,678,669
Additions
80,328
At 30 November 2025
2,758,997

Investment property comprises a single property held for rental purposes.

The properties were subject to directors' valuation as at 30 November 2025. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

The carrying value of the remaining property is the same as the cost basis based on the above valuation.

JEWELCAST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 8 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
579,315
502,261
Corporation tax recoverable
196,035
118,396
Other debtors
561,586
454,089
Prepayments and accrued income
50,379
60,500
1,387,315
1,135,246
Deferred tax asset
125,968
148,126
1,513,283
1,283,372
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
99,502
89,442
Trade creditors
335,424
243,095
Amounts owed to group undertakings
36,284
33,339
Corporation tax
153,252
225,106
Other taxation and social security
415,642
315,265
Government grants
24,771
7,402
Other creditors
157,844
159,215
Accruals and deferred income
20,167
14,921
1,242,886
1,087,785

Bank loans are secured by way of fixed and floating charges on the assets of the company.

7
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
887,465
997,026
Government grants
69,048
25,794
956,513
1,022,820

Bank loans are secured by way of fixed and floating charges on the assets of the company.

JEWELCAST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 9 -
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
100
100
100
100
Ordinary B shares of £1 each
5
5
5
5
Ordinary C shares of £1 each
5
5
5
5
Ordinary D shares of £1 each
8
8
8
8
118
118
118
118
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
22,182
10,269
10
Related party transactions

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due to related parties
£
£
Entities with control, joint control or significant influence over the company
36,284
33,339
Key management personnel
-
0
6,045
Other related parties
157,844
153,170
2025
2024
Amounts due from related parties
£
£
Owners holding a participating interest
401,698
318,796

Loans due from owners holding a participating interest carry no fixed interest and are repayable on demand.

The amounts due from key management personnel are repayable on demand and interest free.

11
Directors' transactions

Advances to directors carry no fixed interest and are repayable on demand.

JEWELCAST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
11
Directors' transactions
(Continued)
- 10 -
Loans
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Director's Loan
-
132,998
154,462
(170,806)
116,654
132,998
154,462
(170,806)
116,654
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