J.A.N. Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 02261849

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		406,000		431,500
Tangible Assets	5		1,025,597		1,037,465

			1,431,597		1,468,965
CURRENT ASSETS
Stocks	6	1,500		1,500
Debtors	7	21,344		27,264
Cash at bank and in hand		73,299		105,457

		96,143		134,221
Creditors: Amounts Falling Due Within One Year	8	(177,683 )		(177,274 )

NET CURRENT ASSETS (LIABILITIES)			(81,540 )		(43,053 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,350,057		1,425,912

Creditors: Amounts Falling Due After More Than One Year	9		(270,854 )		(392,956 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(8,986 )		(9,263 )

NET ASSETS			1,070,217		1,023,693

CAPITAL AND RESERVES
Called up share capital	11		15,000		15,000
Profit and Loss Account			1,055,217		1,008,693

SHAREHOLDERS' FUNDS			1,070,217		1,023,693

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J.A.N. Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs A J Nicholson

Director

30 August 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

J.A.N. Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02261849 . The registered office is 6 Houndiscombe Road, Plymouth, Devon, PL4 6HH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation :

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Goodwill 5% straight line

2.4. Tangible Fixed Assets and Depreciation

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 is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% straight line
Motor Vehicles	25% reducing balance
Fixtures & Fittings	15% reducing balance
Computer Equipment	33% straight line

2.5. Leasing and Hire Purchase Contracts

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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J.A.N. Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Stocks and Work in Progress

Stocks is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Stock comprise food, catering supplies, medical consumables, household items, and other consumables required for the operation of the Care Home. Items purchased for immediate consumption are recognised as an expense in the period of purchase.

2.7. Taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

2.8. Pensions

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 38 (2024: 41)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	510,000

As at 31 March 2025	510,000

Amortisation
As at 1 April 2024	78,500
Provided during the period	25,500

As at 31 March 2025	104,000

Net Book Value
As at 31 March 2025	406,000

As at 1 April 2024	431,500

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J.A.N. Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Tangible Assets

	Land & Property
	Freehold	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	1,070,565	54,709	156,682	5,839	1,287,795
Additions	-	-	7,765	1,497	9,262

As at 31 March 2025	1,070,565	54,709	164,447	7,336	1,297,057

Depreciation
As at 1 April 2024	70,348	53,113	121,773	5,096	250,330
Provided during the period	13,411	398	6,404	917	21,130

As at 31 March 2025	83,759	53,511	128,177	6,013	271,460

Net Book Value
As at 31 March 2025	986,806	1,198	36,270	1,323	1,025,597

As at 1 April 2024	1,000,217	1,596	34,909	743	1,037,465

Included within the net book value of land and buildings above is £1,000,217 (2023 - £1,013,628) in respect of freehold land and buildings.

6. Stocks

	2025	2024
	£	£
Stock	1,500	1,500

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	2,757	19,026
Prepayments and accrued income	7,461	8,238
Other debtors	11,126	-

	21,344	27,264

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	2,201	2,201
Trade creditors	(7,553 )	6,507
Bank loans and overdrafts	63,801	48,382
Other creditors	45,278	48,801
Taxation and social security	73,956	71,383

	177,683	177,274

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J.A.N. Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	790	3,023
Bank loans	170,064	239,933
Other creditors	100,000	150,000

	270,854	392,956

Creditors due after more than one year include bank loans which are secured of £226,652 (2023: £285,251).

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	2,201	2,201
Later than one year and not later than five years	790	3,023

	2,991	5,224

	2,991	5,224

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	15,000	15,000

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