James Prescott Ltd - Filleted accounts

Registered number

15359965

James Prescott Ltd

Filleted Accounts

31 December 2025

James Prescott Ltd
Registered number:		15359965
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		359,293			37,691
			359,293			37,691

Current assets
Debtors	4	500			8,411
Cash at bank and in hand		98,683			188,590
		99,183			197,001

Creditors: amounts falling due within one year	5	(275,325)			(220,327)

Net current liabilities			(176,142)			(23,326)

Net assets			183,151			14,365

Capital and reserves
Called up share capital			3			3
Profit and loss account			183,148			14,362

Shareholders' funds			183,151			14,365

The director is 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 director acknowledges his 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.




James Keir Prescott
Director
Approved by the board on 14 August 2026

James Prescott Ltd
Notes to the Accounts
for the year ended 31 December 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).

	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 rendering of services. 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:

	Computer equipment		over 3 years
	Furniture, fixtures and equipment		over 5 years

	Depreciation is not provided on freehold property as the anticipated residual value exceeds the carrying cost.

	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.

	Going Concern
	After reviewing the company's forecasts and projections, the director has a reasonable expectation that the company has adequare resources to continue in operational existence for the forseeable future. The company teherfore continues to adopt the going concern basis in preparing the accounts.
2	Employees				2025		2024
Number						Number

	Average number of persons employed by the company				2		3


3	Tangible fixed assets
		Freehold Property	Furniture, fixtures and fittings		Computer equipment		Total
£			£	£		£
	Cost
	At 1 January 2025	-	39,476		9,165		48,641
	Additions	305,247	27,557		6,168		338,972
	At 31 December 2025	305,247	67,033		15,333		387,613

	Depreciation
	At 1 January 2025	-	7,895		3,055		10,950
	Charge for the year	-	13,406		3,964		17,370
	At 31 December 2025	-	21,301		7,019		28,320

	Net book value
	At 31 December 2025	305,247	45,732		8,314		359,293
	At 31 December 2024	-	31,581		6,110		37,691


4	Debtors				2025		2024
£						£

	Prepayments				-		1,315
	Trade debtors				500		-
	Other debtors				-		7,096
					500		8,411


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

	Trade creditors				120,000		120,000
	Taxation and social security costs				88,208		17,559
	Deferred income				60,248		-
	Other creditors and accruals				6,869		82,768
					275,325		220,327


6	Other information

	James Prescott Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Devonshire House
	582 Honeypot Lane
	Stanmore
	Middlesex
	HA7 1JS