Jake Island Ltd - Accounts

Jake Island Ltd Accountants' Report For the year ended 31 October 2025
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of Jake Island Ltd for the year ended 31 October 2025 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and related notes from the company's accounting records and from information and explanations you have given us. As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com. This report is made solely to the member of Jake Island Ltd, as a body, in accordance with the terms of our engagement letter dated 28 November 2016. Our work has been undertaken solely to prepare for your approval the accounts of Jake Island Ltd and state those matters that we have agreed to state to the Board of Jake Island Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jake Island Ltd and its members as a body for our work or for this report. It is your duty to ensure that Jake Island Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and Profit of Jake Island Ltd. You consider that Jake Island Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of Jake Island Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts. Mr Simon Waters FCCA SJW ACCOUNTANTS Casterton Suite, Clawthorpe Hall Business Centre Burton in Kendal Carnforth Lancashire LA6 1NU 25 July 2026 1

Jake Island Ltd
Accountants' Report
For the year ended 31 October 2025

In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of Jake Island Ltd for the year ended 31 October 2025 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at

http://rulebook.accaglobal.com.

This report is made solely to the member of Jake Island Ltd, as a body, in accordance with the terms of our engagement letter dated 28 November 2016. Our work has been undertaken solely to prepare for your approval the accounts of Jake Island Ltd and state those matters that we have agreed to state to the Board of Jake Island Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants and as detailed at

http://www.accaglobal.com/factsheet163.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jake Island Ltd and its members as a body for our work or for this report.

It is your duty to ensure that Jake Island Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and Profit of Jake Island Ltd. You consider that Jake Island Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Jake Island Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Mr Simon Waters FCCA
SJW ACCOUNTANTS
Casterton Suite, Clawthorpe Hall Business Centre
Burton in Kendal
Carnforth
Lancashire
LA6 1NU
25 July 2026

Jake Island Ltd
Statement of Financial Position
As at 31 October 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	5	5,000	6,809
		5,000	6,809
Current assets
Stocks		96,508	75,138
Debtors		11,917	30,032
Cash at bank and in hand		16,228	31,758
		124,653	136,928
Creditors: amount falling due within one year		(27,616)	(54,413)
Net current assets		97,037	82,515

Total assets less current liabilities		102,037	89,324
Provisions for liabilities		(1,283)	(1,759)
Net assets		100,754	87,565

Capital and reserves
Called up share capital	6	1	1
Profit and loss account		100,753	87,564
Shareholders' funds		100,754	87,565

For the year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 25 July 2026 and were signed by:

-------------------------------
David Felton
Director

Jake Island Ltd
Notes to the Abridged Financial Statements
For the year ended 31 October 2025

General Information

Jake Island Ltd is a private company, limited by shares, registered in England and Wales, registration number 07398515, registration address Casterton Suite C H B C, Burton-in-Kendal, Carnforth, Lancs, LA6 1NU.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	25% Reducing Balance
Fixtures and Fittings	15% Reducing Balance
Computer Equipment	25% Reducing Balance

Inventory

Inventories are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

Directors' Emoluments

	2025 £	2024 £
Administrative Expenses
Directors Salaries	11,908	11,908
	11,908	11,908

Staff Costs

	2025 £	2024 £
Wages and salaries	18,258	27,965
Pension costs, defined contribution plan	227	465
	18,485	28,430

4.	Average number of employees Average number of employees during the year was 2 (2024 : 2).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£
At 01 November 2024	37,915	5,100	16,002	59,017
Additions	-	-	-	-
Disposals	-	-	-	-
At 31 October 2025	37,915	5,100	16,002	59,017
Depreciation
At 01 November 2024	34,407	3,074	14,727	52,208
Charge for year	878	506	425	1,809
On disposals	-	-	-	-
At 31 October 2025	35,285	3,580	15,152	54,017
Net book values
Closing balance as at 31 October 2025	2,630	1,520	850	5,000
Opening balance as at 01 November 2024	3,508	2,027	1,274	6,809

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
1 Class A share of £1.00 each	1		1
	1		1

7.	Controlling Parties The company's ultimate controlling party is MR DAVID FELTON by virtue of their interest in the share capital of the company.

Registered Number: 07398515
England and Wales
JAKE ISLAND LTD

Abridged Accounts

Period of accounts Start date: 01 November 2024 End date: 31 October 2025