REGISTERED NUMBER: 01030041 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

JASON PHILLIPS & SON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

J G Phillips

Mrs V A Phillips

SECRETARY:

Mrs V A Phillips

REGISTERED OFFICE:

Windy Ridge

Beggarswell Wood

Ambergate

Belper

Derbyshire

DE56 2HF

REGISTERED NUMBER:

01030041 (England and Wales)

ACCOUNTANTS:

Bradley Accounting Plus Ltd

41 St John Street

Ashbourne

Derbyshire

DE6 1GP

FIXED ASSETS

Tangible assets

4

270

360

Investment property

5

295,000

295,000

295,270

295,360

CURRENT ASSETS

Debtors

6

66

78

CREDITORS

Amounts falling due within one year

7

8,538

16,312

NET CURRENT LIABILITIES

(8,472

)

(16,234

)

TOTAL ASSETS LESS CURRENT LIABILITIES

286,798

279,126

PROVISIONS FOR LIABILITIES

36,082

36,082

NET ASSETS

250,716

243,044

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Fair value reserve

8

227,245

227,245

Retained earnings

8

18,471

10,799

SHAREHOLDERS' FUNDS

250,716

243,044

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2026 and were signed on its behalf by:

J G Phillips - Director

Mrs V A Phillips - Director

1.	STATUTORY INFORMATION

Jason Phillips & Son 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.

Investment properties

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Turnover

Rental income is accounted for on the receivable basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 March 2025

and 28 February 2026

889

DEPRECIATION

At 1 March 2025

529

Charge for year

90

At 28 February 2026

619

NET BOOK VALUE

At 28 February 2026

270

At 28 February 2025

360

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2025

and 28 February 2026

295,000

NET BOOK VALUE

At 28 February 2026

295,000

At 28 February 2025

295,000

Fair value at 28 February 2026 is represented by:

£

Valuation in 2026

295,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Prepayments and accrued income

66

78

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Tax

1,944

368

Directors' current accounts

4,569

13,855

Accruals and deferred income

2,025

2,089

8,538

16,312

8.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 March 2025

10,799

227,245

238,044

Profit for the year

8,198

8,198

Dividends

(526

)

(526

)

At 28 February 2026

18,471

227,245

245,716

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Mr J G Phillips and Mrs V A Phillips, directors, have advanced monies to the company interest free and repayable on demand. The amount owed to the directors at the year end was 2026 - £4569.14 (2025 £13,855)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 February 2026 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Bradley Accounting Plus Ltd

41 St John Street

Ashbourne

Derbyshire

DE6 1GP

28 July 2026