Registration number: 03231680

J & A Allely Limited

(Registration number: 03231680)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	3	784	784
Investment property	4	160,000	160,000
		160,784	160,784
Current assets
Stocks	5	176,297	176,297
Debtors	6	149,534	149,534
		325,831	325,831
Creditors: Amounts falling due within one year	7	(15,845)	(15,845)
Net current assets		309,986	309,986
Net assets		470,770	470,770
Capital and reserves
Called up share capital		800,000	800,000
Retained earnings		(329,230)	(329,230)
Shareholders' funds		470,770	470,770

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 4 November 2026 and signed on its behalf by:
 

......................................... J A Allely Company secretary and director

J & A Allely Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England & Wales. The company's registration number is 03231680.

The address of its registered office is:
Trerhose
Ghost Hill
Mullion
Helston
Cornwall
TR12 7EX

These financial statements were authorised for issue by the Board on 4 November 2026.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold property	Straight line over the life of the lease
Fixtures, fittings and equipment	15% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

J & A Allely Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

2	Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2025	9,013	364	9,377
At 31 March 2026	9,013	364	9,377
Depreciation
At 1 April 2025	8,258	335	8,593
At 31 March 2026	8,258	335	8,593
Carrying amount
At 31 March 2026	755	29	784
At 31 March 2025	755	29	784

Included within the net book value of land and buildings above is £755 (2025 - £755) in respect of short leasehold land and buildings.
 

4	Investment properties

	2026 £
At 1 April	160,000
At 31 March	160,000

J & A Allely Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

4	Investment properties (continued)

There has been no valuation of investment property by an independent valuer.

5

Stocks

	2026 £	2025 £
Finished goods and goods for resale	176,297	176,297

6

Debtors

Current	2026 £	2025 £
Other debtors	149,534	149,534
	149,534	149,534

7

Creditors

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	8	15,005	15,005
Accruals		840	840
		15,845	15,845

8	Loans and borrowings

Current loans and borrowings

	2026 £	2025 £
Other borrowings	15,005	15,005