| JERRY ELLIS LIMITED |
| Registered number: |
07005124 |
| Balance Sheet |
| as at 31 January 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
1,745,692 |
|
|
1,751,481 |
|
| Current assets |
| Debtors |
4 |
|
4,320 |
|
|
21,700 |
| Cash at bank and in hand |
|
|
15,010 |
|
|
93,924 |
|
|
|
19,330 |
|
|
115,624 |
|
| Creditors: amounts falling due within one year |
5 |
|
(54,055) |
|
|
(95,999) |
|
| Net current (liabilities)/assets |
|
|
|
(34,725) |
|
|
19,625 |
|
| Total assets less current liabilities |
|
|
|
1,710,967 |
|
|
1,771,106 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(1,380,903) |
|
|
(1,384,953) |
|
|
| Net assets |
|
|
|
330,064 |
|
|
386,153 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
330,063 |
|
|
386,152 |
|
| Shareholder's funds |
|
|
|
330,064 |
|
|
386,153 |
|
|
|
|
|
|
|
|
| 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 member has 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. |
|
|
|
|
| J Ellis |
| Director |
| Approved by the board on 25 August 2026 |
|
| JERRY ELLIS LIMITED |
| Notes to the Accounts |
| for the year ended 31 January 2026 |
|
|
| 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).
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group. |
|
|
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. |
|
|
Tangible fixed assets |
|
Investment properties are included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Transitional exemption advantage has been taken to include fair value or revaluation as deemed cost as fair value cannot be measured reliably.
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: |
|
|
Fixtures and fittings |
over 4 years |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
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. |
|
|
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 |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 February 2025 |
1,742,802 |
|
23,254 |
|
1,766,056 |
|
At 31 January 2026 |
1,742,802 |
|
23,254 |
|
1,766,056 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 February 2025 |
- |
|
14,575 |
|
14,575 |
|
Charge for the year |
- |
|
5,789 |
|
5,789 |
|
At 31 January 2026 |
- |
|
20,364 |
|
20,364 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2026 |
1,742,802 |
|
2,890 |
|
1,745,692 |
|
At 31 January 2025 |
1,742,802 |
|
8,679 |
|
1,751,481 |
|
|
The above include five leasehold investment properties (leases expire on 30 December 2134) and two freehold properties.. |
|
| 4 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Other debtors and prepayments |
4,320 |
|
21,700 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loans and overdrafts |
3,000 |
|
3,000 |
|
Trade creditors |
23,816 |
|
22,109 |
|
Other creditors |
2,742 |
|
55,850 |
|
Accruals |
24,497 |
|
15,040 |
|
|
|
|
|
|
54,055 |
|
95,999 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loans |
1,230,903 |
|
1,234,953 |
|
Other creditors |
150,000 |
|
150,000 |
|
|
|
|
|
|
1,380,903 |
|
1,384,953 |
|
|
|
|
|
|
|
|
|
|
Bank loans are on an interest-only basis and repayable between the years 2045 and 2049 and they are secured against the investment properties. |
|
| 7 |
Loans |
2026 |
|
2025 |
| £ |
£ |
|
Creditors include: |
|
Amounts payable otherwise than by instalment falling due for payment after more than five years |
|
1,095,903 |
|
1,099,953 |
|
Instalments falling due for payment after more than five years |
135,000 |
|
135,000 |
|
|
|
|
|
|
1,230,903 |
|
1,234,953 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
1,230,903 |
|
1,234,953 |
|
|
|
|
|
|
|
|
|
|
Bank loans are on an interest-only basis and repayable between the years 2045 and 2049 and they are secured against the investment properties. A loan for £151,876 is repayable by annual instalments and expires in the year 2048. |
|
| 8 |
Controlling party |
|
|
Mr Jerry Ellis is the ultimate controlling party. |
|
| 9 |
Other information |
|
|
JERRY ELLIS LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
c/o Virtual Company Secretary Ltd |
|
7 York Road |
|
Woking |
|
Surrey |
|
GU22 7XH |