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REGISTERED NUMBER: 02941991 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

JKC MANAGEMENT LIMITED

JKC MANAGEMENT LIMITED (REGISTERED NUMBER: 02941991)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JKC MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: J P Blundell





SECRETARY: Miss K Blundell





REGISTERED OFFICE: 30 - 34 North Street
Hailsham
East Sussex
BN27 1DW





REGISTERED NUMBER: 02941991 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Ltd
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

JKC MANAGEMENT LIMITED (REGISTERED NUMBER: 02941991)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 30,380 132,332
Investments 5 444 444
Investment property 6 9,170,000 9,098,861
9,200,824 9,231,637

CURRENT ASSETS
Debtors 7 2,843,593 2,591,636
Cash at bank 105,859 151,886
2,949,452 2,743,522
CREDITORS
Amounts falling due within one year 8 (1,722,644 ) (1,733,502 )
NET CURRENT ASSETS 1,226,808 1,010,020
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,427,632

10,241,657

CREDITORS
Amounts falling due after more than one
year

9

(489,939

)

(606,344

)

PROVISIONS FOR LIABILITIES (1,231,137 ) (1,255,284 )
NET ASSETS 8,706,556 8,380,029

CAPITAL AND RESERVES
Called up share capital 10 50,000 50,000
Fair value reserve 11 4,597,183 4,597,183
Retained earnings 4,059,373 3,732,846
SHAREHOLDERS' FUNDS 8,706,556 8,380,029

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

JKC MANAGEMENT LIMITED (REGISTERED NUMBER: 02941991)

BALANCE SHEET - continued
30 JUNE 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 January 2024 and were signed by:





J P Blundell - Director


JKC MANAGEMENT LIMITED (REGISTERED NUMBER: 02941991)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

JKC Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Government grants
Grants are accounted under the accruals model as permitted by FRS 102.

Grants of a revenue nature are recognised in 'other income' within profit or loss in the same period as the related expenditure.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of the financial assets and liabilities like trade and other accounts receivable and payable, loans from bank and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at the amortised cost using the effective interest method

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is no intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


JKC MANAGEMENT LIMITED (REGISTERED NUMBER: 02941991)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

JKC MANAGEMENT LIMITED (REGISTERED NUMBER: 02941991)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 39,105 171,053 375 210,533
Disposals - (113,053 ) - (113,053 )
At 30 June 2023 39,105 58,000 375 97,480
DEPRECIATION
At 1 July 2022 39,105 38,721 375 78,201
Charge for year - 33,083 - 33,083
Eliminated on disposal - (44,184 ) - (44,184 )
At 30 June 2023 39,105 27,620 375 67,100
NET BOOK VALUE
At 30 June 2023 - 30,380 - 30,380
At 30 June 2022 - 132,332 - 132,332

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2022 99,110
Disposals (99,110 )
At 30 June 2023 -
DEPRECIATION
At 1 July 2022 10,324
Charge for year 22,196
Eliminated on disposal (32,520 )
At 30 June 2023 -
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 88,786

JKC MANAGEMENT LIMITED (REGISTERED NUMBER: 02941991)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 285 16,325 16,610
PROVISIONS
At 1 July 2022
and 30 June 2023 - 16,166 16,166
NET BOOK VALUE
At 30 June 2023 285 159 444
At 30 June 2022 285 159 444

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 9,098,861
Additions 1
Disposals (59,638 )
Revaluations 130,776
At 30 June 2023 9,170,000
NET BOOK VALUE
At 30 June 2023 9,170,000
At 30 June 2022 9,098,861

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2000 1,717,825
Valuation in 2006 645,991
Valuation in 2007 213,997
Valuation in 2011 (913,521 )
Valuation in 2012 859,796
Valuation in 2013 653,584
Valuation in 2015 2,063,465
Valuation in 2020 170,000
Valuation in 2023 130,776
Cost 3,628,087
9,170,000

JKC MANAGEMENT LIMITED (REGISTERED NUMBER: 02941991)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 398,940 67,988
Amounts owed by participating interests 2,441,371 2,521,323
Other debtors 3,282 2,325
2,843,593 2,591,636

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 514,550 641,458
Hire purchase contracts - 11,219
Trade creditors 156,131 11,804
Taxation and social security 145,228 115,400
Other creditors 906,735 953,621
1,722,644 1,733,502

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 469,255 555,343
Hire purchase contracts - 20,181
Other creditors 20,684 30,820
489,939 606,344

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 340,065 212,997

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
35,000 Ordinary A £1 35,000 35,000
5,000 Ordinary B £1 5,000 5,000
5,000 Ordinary C £1 5,000 5,000
5,000 Ordinary D £1 5,000 5,000
50,000 50,000

JKC MANAGEMENT LIMITED (REGISTERED NUMBER: 02941991)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

11. RESERVES
Fair
value
reserve
£   
At 1 July 2022
and 30 June 2023 4,597,183

12. RELATED PARTY DISCLOSURES

At the period end a balance of £2,441,371 (2022 - £2,521,323) was due from JJKL Limited Management Limited, a company in which J P Blundell is sole director and shareholder.

Included in Other Creditors is £880,293 (2022 - £842,046) owed to J P Blundell, one of the company directors.

13. GOVERNMENT GRANTS

Grants received in this period consist of the following:

2023 2022
£ £
Job Retention Scheme Grant - 10,722
- 10,722

The above grants have been brought in on an accruals basis and disclosed as other income.