ACCOUNTS - Final Accounts preparation

Registered number: 16125972

JACK & WILLIAMS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

JACK & WILLIAMS LIMITED

CONTENTS

	Page
Balance Sheet	1
Notes to the Financial Statements	2 - 4

JACK & WILLIAMS LIMITED

REGISTERED NUMBER: 16125972

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025
Note		£

Fixed assets
Investment property	4		59,253
Current assets
Stocks		249,271
Cash at bank and in hand		3,236
		252,507
Creditors: amounts falling due within one year	5	(313,677)
Net current liabilities			(61,170)
Total assets less current liabilities			(1,917)

Net liabilities			(1,917)

Capital and reserves
Called up share capital			100
Profit and loss account			(2,017)
			(1,917)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 August 2026.

M A Jack

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

JACK & WILLIAMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

1.	General information

Jack & Williams Limited (the company) is a private company limited by shares, incorporated and domiciled in England. The address of the registered office is Ground floor, 35 Newhall Street, Birmingham, B3 3PU.

The company's principal activity is that of property investment and property development.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in Sterling (£).

The following principal accounting policies have been applied:

2.2

Going concern

The company has net current liabilities and net liabilities at the period end of £60,330 and £1,077 respectively. The directors have considered the position of the business and it's future cash flows and acknowledge confirmation received from the sole shareholder that he will not recall loans due to himself nor parties related to him until the Company has funds to repay amounts due without jeopardising its going concern status, and that he will continue to provide any such financial support necessary to enable the company meet its debts as they fall due and to continue in operational existence for the foreseeable future and in any case for a period of not less than 12 months from the date of approval of the financial statements.

Accordingly, the financial statements have been prepared on a going concern basis.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents rent receivable during the year recognised on an accruals basis relating to rentals receivable on investment property based on the period to which the rents relate.

2.4

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation provided. Changes in fair value are recognised in the profit and loss account.

2.5

Stocks

Work in progress, which represents properties held for development is valued at the lower of cost and net realisable value.

Page 2

JACK & WILLIAMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the period was 2.

4.	Investment property

		Leasehold investment property
		£
	Valuation
	Additions	59,253
	At 31 December 2025	59,253

	Net book value
	At 31 December 2025	59,253

The historic cost of the investment property is £59,253.

The investment property was valued at the year end by the director on an open market for existing use
basis.

Page 3

JACK & WILLIAMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

5.	Creditors: Amounts falling due within one year
		2025
		£

	Other creditors	310,137
	Accruals and deferred income	3,540
		313,677

Related party transactions

Included within other creditors is an amount due of £177,010 from a related undertakings, a company in which the directors are shareholders and directors. The loan is unsecured, interest free and repayable on demand.

In the period a property was purchased from a director at open market value of £55,000.

Included within other creditors is a loan from a director of £133,127 which is unsecured, interest-free and repayable on demand.

Page 4