Company No: 04441100 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	1,792		1,829
		1,792		1,829
Current assets
Debtors	4	8,372		51,805
Cash at bank and in hand		6,150		9
		14,522		51,814
Creditors: amounts falling due within one year	5	( 5,140)		( 20,122)
Net current assets		9,382		31,692
Total assets less current liabilities		11,174		33,521
Provision for liabilities		0		( 400)
Net assets		11,174		33,121
Capital and reserves
Called-up share capital	6	250		250
Profit and loss account		10,924		32,871
Total shareholders' funds		11,174		33,121

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

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Jarrett-Kerr Consulting Limited (registered number: 04441100) were approved and authorised for issue by the Board of Directors on 14 November 2025. They were signed on its behalf by:

Mr N C Jarrett-Kerr Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Jarrett-Kerr Consulting Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Office equipment	15 % reducing balance
Computer equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Office equipment		Computer equipment		Total
	£		£		£
Cost
At 01 June 2024	992		9,356		10,348
Additions	0		371		371
At 31 May 2025	992		9,727		10,719
Accumulated depreciation
At 01 June 2024	338		8,181		8,519
Charge for the financial year	98		310		408
At 31 May 2025	436		8,491		8,927
Net book value
At 31 May 2025	556		1,236		1,792
At 31 May 2024	654		1,175		1,829

4. Debtors

	2025		2024
	£		£
Trade debtors	4,678		0
Amounts owed by directors	2,329		46,727
Prepayments	679		483
VAT recoverable	147		653
Corporation tax	0		3,403
Other debtors	539		539
	8,372		51,805

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank overdrafts	0		17,509
Trade creditors	21		108
Accruals	2,350		2,500
Corporation tax	1,335		0
Other taxation and social security	1,428		0
Other creditors	6		5
	5,140		20,122

6. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
50 A ordinary shares of £ 1.00 each	50		50
500 B ordinary shares of £ 0.10 each	50		50
50 C ordinary shares of £ 1.00 each	50		50
50 D ordinary shares of £ 1.00 each	50		50
50 E ordinary shares of £ 1.00 each	50		50
	250		250

The A, B, C, D and E ordinary shares all carry the same rights and privileges and rank pari passu in all respects. In respect of dividends the directors shall not be bound to treat the A, B, C, D and E ordinary shares in the same manner.

7. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Amounts owed by/(to) directors at 31 May 2024	46,727		49,006
Advances to directors	1,630		3,059
Repayments by directors	46,028		5,338
Amounts owed by/(to) directors at 31 May 2025	2,329		46,727

The amount owed by the directors include interest at 2.25% and are repayable on demand.