Company registration number 13839081 (England and Wales)
JUPITER GLOBAL HOLDINGS LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023
PAGES FOR FILING WITH REGISTRAR
JUPITER GLOBAL HOLDINGS LIMITED
COMPANY INFORMATION
Directors
A E Brough
(Appointed 10 January 2022)
O C D Hughes
(Appointed 4 March 2022)
Mrs B H Karsten
(Appointed 4 March 2022)
P A Karsten
(Appointed 4 March 2022)
M P Tweddle
(Appointed 4 March 2022)
Mrs Y Tweddle
(Appointed 4 March 2022)
Company number
13839081
Registered office
Aspen House Central Boulevard
Blythe Valley Park
Solihull
B90 8AJ
Accountants
HSKSG
Lion Buildings
8 Market Place
Uttoxeter
Staffordshire
ST14 8HP
JUPITER GLOBAL HOLDINGS LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Statement of financial position
3
Notes to the financial statements
4 - 5
JUPITER GLOBAL HOLDINGS LIMITED
DIRECTORS' REPORT
FOR THE PERIOD ENDED 31 JANUARY 2023
- 1 -
The directors present their annual report and financial statements for the Period ended 31 January 2023.
Principal activities
The principal activity of the company continued to be that of a holding company.
Directors
The directors who held office during the Period and up to the date of signature of the financial statements were as follows:
A E Brough
(Appointed 10 January 2022)
O C D Hughes
(Appointed 4 March 2022)
Mrs B H Karsten
(Appointed 4 March 2022)
P A Karsten
(Appointed 4 March 2022)
M P Tweddle
(Appointed 4 March 2022)
Mrs Y Tweddle
(Appointed 4 March 2022)
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
A E Brough
Director
20 November 2023
JUPITER GLOBAL HOLDINGS LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF JUPITER GLOBAL HOLDINGS LIMITED FOR THE PERIOD ENDED 31 JANUARY 2023
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jupiter Global Holdings Limited for the Period ended 31 January 2023 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of Jupiter Global Holdings Limited, as a body, in accordance with the terms of our engagement letter dated 6 November 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Jupiter Global Holdings Limited and state those matters that we have agreed to state to the board of directors of Jupiter Global Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jupiter Global Holdings Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Jupiter Global Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Jupiter Global Holdings Limited. You consider that Jupiter Global Holdings Limited is exempt from the statutory audit requirement for the Period.
We have not been instructed to carry out an audit or a review of the financial statements of Jupiter Global Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
HSKSG
2 November 2023
Chartered Accountants
Lion Buildings
8 Market Place
Uttoxeter
Staffordshire
ST14 8HP
JUPITER GLOBAL HOLDINGS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 JANUARY 2023
31 January 2023
- 3 -
2023
Notes
£
£
Current assets
Debtors
4,635,002
Creditors: amounts falling due within one year
(4,300,901)
Net current assets
334,101
Capital and reserves
Called up share capital
3
300,001
Share premium account
35,000
Profit and loss reserves
(900)
Total equity
334,101
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial Period ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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.
The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 20 November 2023 and are signed on its behalf by:
A E Brough
Director
Company registration number 13839081 (England and Wales)
JUPITER GLOBAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023
- 4 -
1
Accounting policies
Company information
Jupiter Global Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Aspen House Central Boulevard, Blythe Valley Park, Solihull, B90 8AJ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.3
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
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.
JUPITER GLOBAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2023
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
1.4
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.5
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2
Employees
The average monthly number of persons (including directors) employed by the company during the Period was:
2023
Number
Total
6
3
Called up share capital
2023
2023
Ordinary share capital
Number
£
Issued and fully paid
Ordinary A of £1 each
100,000
100,000
Ordinary B of £1 each
100,000
100,000
Ordinary C1 of £1 each
60,000
60,000
Ordinary C2 of £1 each
20,000
20,000
Ordinary C3 of £1 each
20,000
20,000
Ordinary D of 0.001p each
100,000
1
400,000
300,001