JEREMY'S LIMITED - Filleted accounts

Registered number

08508684

JEREMY'S LIMITED

Unaudited Filleted Accounts

30 September 2025

JEREMY'S LIMITED
Registered number:		08508684
Balance Sheet
as at 30 September 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		-			615

Current assets
Stocks		-			8,000
Debtors	4	7,136			77,428
Cash at bank and in hand		-			3,288
		7,136			88,716

Creditors: amounts falling due within one year	5	(108,502)			(73,595)

Net current (liabilities)/assets			(101,366)			15,121

Total assets less current liabilities			(101,366)			15,736

Creditors: amounts falling due after more than one year	6		(1,740)			(15,000)



Net (liabilities)/assets			(103,106)			736

Capital and reserves
Called up share capital			2			2
Profit and loss account			(103,108)			734

Shareholders' funds			(103,106)			736

The company ceased to trade at the end of September 2025.
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 25 June 2026

JEREMY'S LIMITED
Notes to the Accounts
for the period from 1 May 2024 to 30 September 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). Note that the company ceased to trade in the period.

	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:

	Plant and machinery	over 5 years
	Motor vehicles	over 5 years
	Office equipment	over 3 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.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			5		6


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 May 2024	12,805		1,060		13,865
	Disposals	(12,805)		(1,060)		(13,865)
	At 30 September 2025	-		-		-

	Depreciation
	At 1 May 2024	12,190		1,060		13,250
	On disposals	(12,190)		(1,060)		(13,250)
	At 30 September 2025	-		-		-

	Net book value
	At 30 September 2025	-		-		-
	At 30 April 2024	615		-		615


4	Debtors			2025		2024
£					£

	Trade debtors			-		1,618
	Other debtors			7,136		75,810
				7,136		77,428
	Other debtors in 2024 included £74,191 owed by Jeremys Two Ltd, a related party. In 2025 the balance was a creditor resulting from Jeremys Two Ltd having paid for items on behalf of Jeremys Ltd.
	Amounts due after more than one year included above			-		74,191


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

	Bank loans and overdrafts			33,981		29,518
	Trade creditors			-		18,850
	Taxation and social security costs			518		20,847
	Other creditors			74,003		4,380
				108,502		73,595
	Other creditors include £70,775 owed to Jeremys Two Ltd, a related party, for items paid on behalf of Jeremys Ltd (2024 was a debtor).

6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			1,740		15,000


7	Other financial commitments			2025		2024
£					£

	Total future minimum payments under non-cancellable operating leases (net of VAT).			-		2,976


8	Related party transactions

	The directors are paid salaries that are considered to be the market rate for a company of this type and size. No dividends were declared during the year. At 30/09/2025 the company owed £70,775 (2024: debtor £74,191) to Jeremys Two Ltd (same directors and shareholders). During the year Jeremys Two Ltd purchased an estimated £150,000 of produce on behalf of Jeremys Ltd which is recharged at the estimated cost (2024 an estimated £112,000). In the accounts both the purchase and the estimated recharge are shown netted off in Cost of Sales which may result in either a net profit or a net loss within the accounts from these transactions as the recharge is estimated. The company uses property owned by the directors/ shareholders. No rent is charged other than the interest on the mortgage which was £7,102 during the 17 month period of these accounts.


9	Controlling party

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


10	Other information

	JEREMY'S LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	Ansty House
	High Street
	Henfield
	West Sussex, BN5 9DA