JNFT HOLDINGS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023
Company Registration No. SC738023 (Scotland)
PAGES FOR FILING WITH REGISTRAR
JNFT HOLDINGS LTD
COMPANY INFORMATION
Directors
Dr J N F Taljard
(Appointed 11 July 2022)
Ms K I Taljard
(Appointed 11 July 2022)
Dr L M Taljard
(Appointed 11 July 2022)
Mr M J Taljard
(Appointed 11 July 2022)
Company number
SC738023
Registered office
William Duncan + Co
Chartered Accountants
44 Bank Street
Kilmarnock
KA1 1HA
Accountants
William Duncan + Co
44 Bank Street
Kilmarnock
Ayrshire
United Kingdom
KA1 1HA
JNFT HOLDINGS LTD
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Statement of changes in equity
3
Notes to the financial statements
4 - 6
JNFT HOLDINGS LTD
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF JNFT HOLDINGS LTD
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of JNFT Holdings Ltd for the Period ended 31 July 2023 which comprise, the balance sheet, the statement of changes in equity 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 ICAS we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the board of directors of JNFT Holdings Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of JNFT Holdings Ltd and state those matters that we have agreed to state to the board of directors of JNFT Holdings Ltd, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JNFT Holdings Ltd and its board of directors as a body, for our work or for this report.

It is your duty to ensure that JNFT Holdings Ltd 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 profit of JNFT Holdings Ltd. You consider that JNFT Holdings Ltd 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 JNFT Holdings Ltd. 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.

William Duncan + Co
9 April 2024
Chartered Accountants
44 Bank Street
Kilmarnock
Ayrshire
United Kingdom
KA1 1HA
JNFT HOLDINGS LTD
BALANCE SHEET
AS AT
31 JULY 2023
31 July 2023
- 2 -
2023
Notes
£
£
Fixed assets
Investments
3
300
Current assets
Debtors
4
1,970
Cash at bank and in hand
89
2,059
Creditors: amounts falling due within one year
5
(1,568)
Net current assets
491
Net assets
791
Capital and reserves
Called up share capital
6
100
Profit and loss reserves
691
Total equity
791

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial Period ended 31 July 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 9 April 2024 and are signed on its behalf by:
Dr J N F Taljard
Director
Company registration number SC738023 (Scotland)
JNFT HOLDINGS LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 JULY 2023
- 3 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 11 July 2022
-
0
-
0
-
Period ended 31 July 2023:
Profit and total comprehensive income
-
36,091
36,091
Issue of share capital
6
100
-
100
Dividends
-
(35,400)
(35,400)
Balance at 31 July 2023
100
691
791
JNFT HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023
- 4 -
1
Accounting policies
Company information

JNFT Holdings Ltd is a private company limited by shares incorporated in Scotland. The registered office is William Duncan + Co, Chartered Accountants, 44 Bank Street, Kilmarnock, KA1 1HA.

1.1
Reporting period

The financial statements have been prepared covering the period from incorporation on 11 July 2022 to the period end date of 31 July 2023.

1.2
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. The principal accounting policies adopted are set out below.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.4
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.

1.5
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 balance sheet 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.

1.6
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.

JNFT HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2023
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2023
Number
Total
-
0
3
Fixed asset investments
2023
£
Shares in group undertakings and participating interests
300
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 11 July 2022
-
Additions
300
At 31 July 2023
300
Carrying amount
At 31 July 2023
300
4
Debtors
2023
Amounts falling due within one year:
£
Other debtors
1,970
5
Creditors: amounts falling due within one year
2023
£
Trade creditors
17
Amounts owed to group undertakings
351
Other creditors
1,200
1,568
JNFT HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2023
- 6 -
6
Called up share capital
2023
2023
Ordinary share capital
Number
£
Issued and fully paid
Ordinary shares of £1 each
100
100
7
Directors' transactions

Dividends totalling £35,400 were paid in the Period in respect of shares held by the company's directors.

Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Directors Loan
-
-
2,100
(330)
1,770
-
2,100
(330)
1,770
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