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JACARANDA GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
The Company is a private company limited by shares and is registered in England and Wales. The Company's registered number is 13901687. The registered office is 1 Cockerel Rise, Magnetic Park, Desborough, Northamptonshire, NN14 2WE.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of 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.
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Exemption from preparing consolidated financial statements
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The Group qualifies as small as set out in section 383 of the Companies Act 2006 and the Group is considered eligible for the exemption to prepare consolidated accounts.
The directors continue to review cash and profit forecasts and are of the view that the company is able to continue as a going concern for a period of at least 12 months from the date of signing the financial statements, on the basis of financing arrangements in place and the ongoing support of the directors and its subsidiary company.
The directors have looked ahead for a period in excess of 12 months from the date of approval of these financial statements in forming their assessment that the company is a going concern.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Investments in subsidiaries are measured at cost less accumulated impairment.
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Cash and cash equivalents
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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.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
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