JAG COUTURE LIMITED

Company Registration Number:
13579978 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 01 September 2023

End date: 31 August 2024

JAG COUTURE LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2024

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

JAG COUTURE LIMITED

Company Information

for the Period Ended 31 August 2024




Director: JOSEPH C NWOSU
JAGJEET KAUR
Secretary: JAGJEET KAUR
Registered office: 415
High Street
London
England
E15 4QZ
Company Registration Number: 13579978 (England and Wales)

JAG COUTURE LIMITED

Profit and Loss Account

for the Period Ended 31 August 2024


Notes

2024
£

2023
£
Turnover 321,834 27,095
Cost of sales ( 210,000 ) -
Gross Profit or (Loss) 111,834 27,095
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 58,900 ) -
Administrative Expenses ( 45,421 ) ( 127,121 )
Operating Profit or (Loss) 7,513 ( 100,026 )
Profit or (Loss) Before Tax 7,513 ( 100,026 )
Profit or (Loss) for Period 7,513 ( 100,026 )

The notes form part of these financial statements

JAG COUTURE LIMITED

Balance sheet

As at 31 August 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 4 2,100,000 2,100,000
Tangible assets: 5 50,000 50,000
Total fixed assets: 2,150,000 2,150,000
Current assets
Stocks: 18,000 9,800
Debtors: 6 9,878,197 9,968,423
Total current assets: 9,896,197 9,978,223
Prepayments and accrued income: 7,513
Creditors: amounts falling due within one year: 7 ( 100,026 )
Net current assets (liabilities): 9,903,710 9,878,197
Total assets less current liabilities: 12,053,710 12,028,197
Creditors: amounts falling due after more than one year: 8 ( 50,000 )
Total net assets (liabilities): 12,053,710 11,978,197

The notes form part of these financial statements

JAG COUTURE LIMITED

Balance sheet continued

As at 31 August 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 11,978,197 9,968,423
Revaluation reserve: 9 68,000 2,109,800
Profit and loss account: 7,513 ( 100,026 )
Shareholders funds: 12,053,710 11,978,197

For the year ending 31 August 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 16 September 2024
And Signed On Behalf Of The Board By:

Name: JOSEPH C NWOSU
Status: Director

Name: JAGJEET KAUR
Status: Director

The notes form part of these financial statements

JAG COUTURE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

JAG COUTURE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 3 0

JAG COUTURE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 3. Off balance sheet disclosure

    No

JAG COUTURE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Intangible assets

Goodwill Other Total
Cost £ £ £
At 01 September 2023 100,000 2,000,000 2,100,000
Additions - - -
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 August 2024 100,000 2,000,000 2,100,000
Amortisation
Amortisation at 01 September 2023 - - -
Charge for year - - -
On disposals - - -
Other adjustments - - -
Amortisation at 31 August 2024 - - -
Net book value
Net book value at 31 August 2024 100,000 2,000,000 2,100,000
Net book value at 31 August 2023 100,000 2,000,000 2,100,000

JAG COUTURE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Tangible assets

Land & buildings Total
Cost £ £
At 01 September 2023 50,000 50,000
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 August 2024 50,000 50,000
Depreciation
At 01 September 2023 - -
Charge for year - -
On disposals - -
Other adjustments - -
At 31 August 2024 - -
Net book value
At 31 August 2024 50,000 50,000
At 31 August 2023 50,000 50,000

JAG COUTURE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

6. Debtors


2024
£

2023
£
Trade debtors 9,878,197 9,968,423
Total 9,878,197 9,968,423

JAG COUTURE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

7.Creditors: amounts falling due within one year note


2024
£

2023
£
Trade creditors 100,026
Total 100,026

JAG COUTURE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

8.Creditors: amounts falling due after more than one year


2024
£

2023
£
Other creditors 50,000
Total 50,000

JAG COUTURE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

9. Revaluation reserve


2024
£
Balance at 01 September 2023 2,109,800
Surplus or deficit after revaluation ( 2,041,800 )
Balance at 31 August 2024 68,000