JEWEL PASSIVE FIRE PROTECTION LTD


Directors	BARRANCE, Stuart
	FERENDINOS, Jeremy Alexander


Registered Address	Argent House
	175 Hook Rise South
	Surbiton
	KT6 7LD


Registered Number	12340720 (England and Wales)

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	These financial statements have been prepared under the historical cost convention and in accordance with FRS 102 1A of the Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Although the company has net liabilities at the balance sheet date, this position is mitigated by the continued support of the directors and related parties through interest-free loans. The directors therefore continue to adopt the going concern basis in preparing the financial statements.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Although the company has net liabilities at the balance sheet date, this position is mitigated by the continued support of the directors and related parties through interest-free loans. The directors therefore continue to adopt the going concern basis in preparing the financial statements.

	Judgements and key sources of estimation uncertainty
	In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities. The estimates and underlying assumptions are reviewed on an ongoing basis. The principal area of estimation is the useful economic lives of tangible fixed assets.

	Turnover policy
	Turnover represents amounts receivable for services provided, net of VAT and trade discounts. Revenue is recognised when the company has transferred the significant risks and rewards of ownership and the amount can be reliably measured.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Borrowing costs
	Borrowing costs are recognised in profit or loss in the period in which they are incurred.

	Finance costs
	Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows: plant and machinery, office equipment and computer equipment at 25% reducing balance; motor vehicles written down to their estimated residual value over their remaining useful lives.

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows: plant and machinery, office equipment and computer equipment at 25% reducing balance; motor vehicles written down to their estimated residual value over their remaining useful lives.

	Trade and other debtors
	Trade debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

	Trade and other creditors
	Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers, classified as current liabilities if payment is due within one year.

	Financial instruments
	A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. 

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	4		2

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 25	27,726
	At 31 March 26	27,726
	Depreciation and impairment
	At 01 April 25	12,720
	Charge for year	10,814
	At 31 March 26	23,534
	Net book value
	At 31 March 26	4,192
	At 31 March 25	15,006

4.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	33,662	76,995
Other debtors	12	-
Prepayments and accrued income	15,373	16,972
Total	49,047	93,967

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	58,583	50,919
Bank borrowings and overdrafts	483	44,910
Taxation and social security	10,997	29,058
Accrued liabilities and deferred income	-	104,904
Total	70,063	229,791

6.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	24,167	29,167
Other creditors	21,600	22,702
Total	45,767	51,869


	Other creditors are interest-free loans from directors and a related company. See note 10.

7.	Events after reporting date
	In May 2026 (subsequent to the year end), Mr Les Reilly transferred his entire shareholding of 30 ordinary £1 shares. Of these, 15 ordinary £1 shares were transferred to Mr Stuart Barrance and 15 ordinary £1 shares were transferred to Mr Nigel Reilly. The directors do not consider this event to require adjustment to the financial statements.

8.	Related party transactions
	During the year and at the balance sheet date, the company had the following loans payable to related parties: Loans from directors: - Mr Stuart Barrance: £7,500 at 31 March 2026 (2025: £10,502) — comprising a personal loan of £5,000 and van loan of £2,500 - Mr Jeremy Ferendinos: £5,600 at 31 March 2026 (2025: £3,700) Loans from other related parties: - Mr Gordon Barrance (close family of director): £nil at 31 March 2026 (2025: £7,000) — repaid in full during the year - Stuart Barrance (close family) — SMB Loan: £nil at 31 March 2026 (2025: £30,000) — repaid in full during the year - Jewel Property Serve Ltd (entity under common control of a director): £8,500 at 31 March 2026 (2025: £8,500) All loans are interest-free and repayable on demand. No formal repayment terms are in place.

Related party transactions

During the year and at the balance sheet date, the company had the following loans payable to related parties:
Loans from directors:
- Mr Stuart Barrance: £7,500 at 31 March 2026 (2025: £10,502) — comprising a personal loan of £5,000 and van loan of £2,500
- Mr Jeremy Ferendinos: £5,600 at 31 March 2026 (2025: £3,700)
Loans from other related parties:
- Mr Gordon Barrance (close family of director): £nil at 31 March 2026 (2025: £7,000) — repaid in full during the year
- Stuart Barrance (close family) — SMB Loan: £nil at 31 March 2026 (2025: £30,000) — repaid in full during the year
- Jewel Property Serve Ltd (entity under common control of a director): £8,500 at 31 March 2026 (2025: £8,500)
All loans are interest-free and repayable on demand. No formal repayment terms are in place.

9.	Controlling party
	At the balance sheet date, no single shareholder held a controlling interest in the company. In the opinion of the directors, there is no ultimate controlling party.

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		4,192		15,006
			4,192		15,006
Current assets
Debtors	4	49,047		93,967
Cash at bank and on hand		15,248		93,862
		64,295		187,829
Creditors amounts falling due within one year	5	(70,063)		(229,791)
Net current assets (liabilities)			(5,768)		(41,962)
Total assets less current liabilities			(1,576)		(26,956)
Creditors amounts falling due after one year	6		(45,767)		(51,869)
Net assets			(47,343)		(78,825)
Capital and reserves
Called up share capital			4		4
Profit and loss account			(47,347)		(78,829)
Shareholders' funds			(47,343)		(78,825)