Jackdoor Properties Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 05040962 (England and Wales)

JACKDOOR PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

6

DIRECTORS:

I R Jacklin

A G Jacklin

SECRETARY:

A G Jacklin

REGISTERED OFFICE:

Bakers Bridge

Haltoft End

Frieston

Boston

Lincolnshire

PE22 0PH

REGISTERED NUMBER:

05040962 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Oxley House

Lincoln Way

Louth

Lincolnshire

LN11 0LS

BANKERS:

Lloyds Bank plc

51 Market Place

Boston

Lincolnshire

PE21 6NQ

FIXED ASSETS

Investment property

4

1,772,080

CURRENT ASSETS

Debtors

5

1,285

1,280

Cash at bank

45,470

39,430

46,755

40,710

CREDITORS

Amounts falling due within one year

6

722,291

739,593

NET CURRENT LIABILITIES

(675,536

)

(698,883

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,096,544

1,073,197

CREDITORS

Amounts falling due after more than one year

7

(193,317

)

(213,318

)

PROVISIONS FOR LIABILITIES

(28,863

)

(28,863

)

NET ASSETS

874,364

831,016

CAPITAL AND RESERVES

Called up share capital

9

300

Fair value reserve

10

-

305,528

Retained earnings

10

874,064

525,188

SHAREHOLDERS' FUNDS

874,364

831,016

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 21 May 2026 and were signed on its behalf by:

A G Jacklin - Director

1.	STATUTORY INFORMATION

Jackdoor Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Land and buildings have been reclassified as investment property and is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Going concern

The company is reliant on the support of the directors. The company continues to meet its liabilities as they fall due, or is in the process of agreeing arrangements. The directors considers that the going concern basis of accounting continues to be appropriate and they consider that there would be no significant changes to the carrying values on a break up basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

1,772,080

NET BOOK VALUE

At 31 March 2026

1,772,080

At 31 March 2025

1,772,080

Fair value at 31 March 2026 is represented by:

£

Valuation in 2022

334,391

Cost

1,437,689

1,772,080

If investment property had not been revalued it would have been included at the following historical cost:

2026

2025

£

Cost

1,437,689

Investment property was valued on an open market basis on by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Prepayments

1,285

1,280

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Taxation

13,078

10,798

Other creditors

707,030

727,030

Accrued expenses

2,183

1,765

722,291

739,593

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

Bank loans more 5 yrs non-inst

193,317

213,318

2026

2025

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

193,317

213,318

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

Bank loans

193,317

213,318

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

300

Ordinary

£1

300

10.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1 April 2025

525,188

305,528

830,716

Transfer to P&L reserves

305,528

830,716

1,136,244

Profit for the year

43,348

Transfer to P&L reserves

-

(305,528

)

(305,528

)

At 31 March 2026

874,064

-

874,064

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

Mrs B M Jacklin

Balance outstanding at start of year

(242,342

)

(242,342

)

Amounts advanced

242,342

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

(242,342

)

I R Jacklin

Balance outstanding at start of year

(242,343

)

(242,343

)

Amounts repaid

(111,171

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(353,514

)

(242,343

)

A G Jacklin

Balance outstanding at start of year

(242,342

)

(242,342

)

Amounts repaid

(111,171

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(353,513

)

(242,342

)

The directors' loan accounts are unsecured, repayable on demand and interest free.

Mrs B M Jacklin resigned as a director on 19 March 2026.