Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312022-01-01falseNo description of principal activity12falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05717797 2022-01-01 2022-12-31 05717797 2021-01-01 2021-12-31 05717797 2022-12-31 05717797 2021-12-31 05717797 c:Director1 2022-01-01 2022-12-31 05717797 d:FurnitureFittings 2022-01-01 2022-12-31 05717797 d:FurnitureFittings 2022-12-31 05717797 d:FurnitureFittings 2021-12-31 05717797 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 05717797 d:ComputerEquipment 2022-01-01 2022-12-31 05717797 d:ComputerEquipment 2022-12-31 05717797 d:ComputerEquipment 2021-12-31 05717797 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 05717797 d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 05717797 d:CurrentFinancialInstruments 2022-12-31 05717797 d:CurrentFinancialInstruments 2021-12-31 05717797 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05717797 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 05717797 d:ShareCapital 2022-12-31 05717797 d:ShareCapital 2021-12-31 05717797 d:RetainedEarningsAccumulatedLosses 2022-12-31 05717797 d:RetainedEarningsAccumulatedLosses 2021-12-31 05717797 c:FRS102 2022-01-01 2022-12-31 05717797 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 05717797 c:FullAccounts 2022-01-01 2022-12-31 05717797 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

05717797







JAMUS BUSINESS GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED
31 DECEMBER 2022

JAMUS BUSINESS GROUP LIMITED
REGISTERED NUMBER:05717797

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,029
7,855

Current assets
  

Debtors: amounts falling due within one year
 5 
32,216
29,145

Bank and cash balances
  
88,625
7,404

  
120,841
36,549

Creditors: amounts falling due within one year
 6 
(396,253)
(301,121)

Net current liabilities
  
 
 
(275,412)
 
 
(264,572)

Total assets less current liabilities
  
(272,383)
(256,717)

  

Net liabilities
  
(272,383)
(256,717)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(272,483)
(256,817)

  
(272,383)
(256,717)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
Page 1

JAMUS BUSINESS GROUP LIMITED
REGISTERED NUMBER:05717797
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J. B. Gambrell
Director

Date: 29 February 2024

The notes on pages 3 to 6 form part of these financial statements.
Page 2

JAMUS BUSINESS GROUP LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Jamus Business Group Limited (the Company) is a limited company domiciled and incorporated in England and Wales.
The address of the Company's registered office and principal place of business is 28 Old Brompton Road, Suite 98, London, SW7 3SS. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

Monetary amount in these financial statements are stated in pounds sterling and are rounded to the nearest whole £1, except where otherwise indicated. 

The following principal accounting policies have been applied:

  
2.2

Going concern

The Company has made a loss after tax of £15,666 (2021: £49,871) and at the balance sheet    date, the Company had net current liabilities of £275,412 (2021: £264,572). The director has provided a confirmation that he will provide financial support to the Company to allow it to meet its financial obligations as they fall due. Furthermore, the director has confirmed he will not recall the loan made to the Company for at least 12 months from the date on which these financial  statements are signed.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of income and retained earnings.

Page 3

JAMUS BUSINESS GROUP LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. In respect of professional services, revenue is recognised as the service is provided.

 
2.5

Finance costs

Finance costs are charged to the Statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the   associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
3 years
Computer equipment
-
3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

JAMUS BUSINESS GROUP LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.8

 Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.9

 Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.10

 Creditors

Short-term creditors are measured at the transaction price. 


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 2).


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2022
615
22,788
23,403



At 31 December 2022

615
22,788
23,403



Depreciation


At 1 January 2022
615
14,934
15,549


Charge for the year on owned assets
-
4,825
4,825



At 31 December 2022

615
19,759
20,374



Net book value



At 31 December 2022
-
3,029
3,029



At 31 December 2021
-
7,855
7,855
Page 5

JAMUS BUSINESS GROUP LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

5.


Debtors

2022
2021
£
£


Other debtors
2,123
2,092

Prepayments and accrued income
29,074
26,034

Tax recoverable
1,019
1,019

32,216
29,145



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Other taxation and social security
11,132
9,969

Other creditors
379,521
281,352

Accruals
5,600
9,800

396,253
301,121



7.


Related party transactions

At the balance sheet date, amounts totalling £274,406 (2021: £265,470) was due to the Director. The balance is interest free and repayable on demand and has been included within other creditors. 

 
Page 6