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REGISTERED NUMBER: 03871797 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2024

for

Jenkinson & Co (Holdings) Limited

Jenkinson & Co (Holdings) Limited (Registered number: 03871797)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jenkinson & Co (Holdings) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs Mandy Jenkinson
Mr Martin Jenkinson
Mr Thomas Edward Jenkinson
Mrs Helen Elizabeth Jenkinson Wall
Mrs Hannah Rachael Butcher





REGISTERED OFFICE: New Ebury House
South Grove
Moorgate
Rotherham
South Yorkshire
S60 2AF





REGISTERED NUMBER: 03871797 (England and Wales)

Jenkinson & Co (Holdings) Limited (Registered number: 03871797)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,119 2,735
Investments 5 3,250,001 908,950
3,252,120 911,685

CURRENT ASSETS
Debtors 6 1,683,644 114,961
Cash at bank 1,338,537 72,662
3,022,181 187,623
CREDITORS
Amounts falling due within one year 7 86,443 623,999
NET CURRENT ASSETS/(LIABILITIES) 2,935,738 (436,376 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,187,858

475,309

PROVISIONS FOR LIABILITIES 698,275 -
NET ASSETS 5,489,583 475,309

CAPITAL AND RESERVES
Called up share capital 197,365 197,365
Fair value reserve
(non distributable) 8 2,095,950 -
Retained earnings 3,196,268 277,944
SHAREHOLDERS' FUNDS 5,489,583 475,309

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Jenkinson & Co (Holdings) Limited (Registered number: 03871797)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2024 and were signed on its behalf by:




Mr Martin Jenkinson - Director



Mrs Mandy Jenkinson - Director


Jenkinson & Co (Holdings) Limited (Registered number: 03871797)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Jenkinson & Co (Holdings) 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.

Preparation of consolidated financial statements
The financial statements contain information about Jenkinson & Co (Holdings) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Investments in subsidiaries
Unlisted investments are valued at fair value where there has been a recent transaction enabling a fair value to be established.

Where there has been no recent transaction unlisted investments are valued at cost less any provision for
impairment.

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.

Pension costs and other post-retirement benefits
The company makes employer pension contributions to employee personal pensions and complies with auto enrolment legislation.

Jenkinson & Co (Holdings) Limited (Registered number: 03871797)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 33,778
DEPRECIATION
At 1 April 2023 31,043
Charge for year 616
At 31 March 2024 31,659
NET BOOK VALUE
At 31 March 2024 2,119
At 31 March 2023 2,735

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 April 2023 908,950
Disposals (453,549 )
Revaluations 2,794,600
At 31 March 2024 3,250,001
NET BOOK VALUE
At 31 March 2024 3,250,001
At 31 March 2023 908,950

Cost or valuation at 31 March 2024 is represented by:

Shares in
group
undertakings
£   
Valuation in 2024 2,794,600
Cost 455,401
3,250,001

Jenkinson & Co (Holdings) Limited (Registered number: 03871797)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS - continued

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 455,401 908,950

Fixed asset investments were valued on an open market basis on 9 February 2024 by Directors .

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Jenkinson & Co (Properties) Ltd
Registered office: East Farm, Carr Lane, Rotherham S66 8PW.
Nature of business: Property rental
%
Class of shares: holding
Ordinary 100.00
31/3/24 31/3/23
£    £   
Aggregate capital and reserves 541,397 193,108
Profit/(loss) for the year 348,289 (12,058 )

Jenkinson & Co Limited
Registered office: New Ebury House, South Grove, Moorgate, Rotherham, S60 2AF.
Nature of business: Insurance broker
%
Class of shares: holding
Ordinary 50.01
31/3/24 31/3/23
£    £   
Aggregate capital and reserves 150,220 587,566
(Loss)/profit for the year (437,346 ) 8,481

Penk Insurance Services Limited
Registered office: Unit 2 Chatsworth Technology Park, Dunston Road, Whittington Moor, Chesterfield,S41 8XA.
Nature of business: Insurance broker
%
Class of shares: holding
Ordinary 50.12
31/3/24 31/3/23
£    £   
Aggregate capital and reserves 87,140 198,184
(Loss)/profit for the year (111,072 ) 3,898

Jenkinson & Co (Holdings) Limited (Registered number: 03871797)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS - continued

Shares in subsidiary undertakings

The company owns following companies, all incorporated in England:

Jenkinson & Co Limited, the principal activity of which is insurance brokerage.

At 31/03/24: 50.01%, (2023: 100%).


Penk Insurance Services Limited, the principal activity of which is insurance brokerage.

At 31/03/24: 50.12%, (2023: 100%).

The above investments in view of a recent market transaction have been stated at fair value at 31st March 2024. At 31st March 2023 the value was stated at cost.

Jenkinson & Co (Properties) Limited, the principal activity of which is the purchase and holding of property.

At 31/03/24: 100%, (2023: 100%).

This value is stated at cost.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 205,204 15,126
Other debtors 1,478,440 99,835
1,683,644 114,961

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 62
Amounts owed to group undertakings - 553,426
Taxation and social security 78,275 64,082
Other creditors 8,168 6,429
86,443 623,999

8. RESERVES
Fair
value
reserve
(non
distributable)
£   
Movement 2,095,950

At 31 March 2024 2,095,950

Jenkinson & Co (Holdings) Limited (Registered number: 03871797)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mrs Mandy Jenkinson
Balance outstanding at start of year - 61,191
Amounts repaid - (61,191 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mr Martin Jenkinson
Balance outstanding at start of year - 61,190
Amounts repaid - (61,190 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mrs Helen Elizabeth Jenkinson Wall
Balance outstanding at start of year 10,000 -
Amounts advanced - 10,000
Amounts repaid (10,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 10,000

Interest has been charged on loans where the balance exceeds £10,000.

10. RELATED PARTY DISCLOSURES

Jenkinson & Co Limited

A subsidiary.

Monies were loaned between the companies on an interest free basis repayable on demand.
The balance owing to Jenkinson & Co Limited at 31st March 2024: £Nil, (2023: £459,959).

Jenkinson & Co Properties Ltd

A wholly owned subsidiary.

Monies were loaned between the companies on an interest free basis repayable on demand.
The balance owing from Jenkinson & Co Properties Ltd at 31st March 2024: £205,204, (2023: £15,126).

Penk Insurance Services Limited

A subsidiary.

Monies were loaned between the companies on an interest free basis repayable on demand.
The balance owing to Penk Insurance Services Limited at 31st March 2024: £Nil, (2023: £93,497)

Jenkinson & Co (Holdings) Limited (Registered number: 03871797)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Martin Jenkinson.