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REGISTERED NUMBER: 13631119 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Buster Jimmy Glendower Ltd

Buster Jimmy Glendower Ltd (Registered number: 13631119)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Buster Jimmy Glendower Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: M G Wright





REGISTERED OFFICE: 47A Queen Street
Derby
DE1 3DE





REGISTERED NUMBER: 13631119 (England and Wales)





ACCOUNTANTS: Bourne and Co.
Chartered Accountants
6 Lichfield Street
Burton on Trent
Staffordshire
DE14 3RD

Buster Jimmy Glendower Ltd (Registered number: 13631119)

Abridged Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 7,776,788 5,530,795

CURRENT ASSETS
Debtors 4,794 100
Cash at bank 106 -
4,900 100
CREDITORS
Amounts falling due within one year 4,490,798 3,230,653
NET CURRENT LIABILITIES (4,485,898 ) (3,230,553 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,290,890

2,300,242

PROVISIONS FOR LIABILITIES 915,646 691,054
NET ASSETS 2,375,244 1,609,188

CAPITAL AND RESERVES
Called up share capital 5 100 100
Revaluation reserve 6 3,376,365 2,073,160
Retained earnings (1,001,221 ) (464,072 )
SHAREHOLDERS' FUNDS 2,375,244 1,609,188

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





M G Wright - Director


Buster Jimmy Glendower Ltd (Registered number: 13631119)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Buster Jimmy Glendower Ltd 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.

Going Concern
The company's investments are held for a return in the medium term. The directors have arranged an ongoing finance line to support the company's objectives and are satisfied that cashflow will be available to meet the company's needs until returns are realised. The accounts have been prepared on the going concern basis which the directors consider to be appropriate.

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

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Fixed asset investments
Other investments held as fixed assets where the fair value can be measured reliably are shown at fair value. The movements in fair value are recognised in the income statement as "Gain/loss on revaluation of investments.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

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

Buster Jimmy Glendower Ltd (Registered number: 13631119)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 January 2023 5,530,795
Additions 1,260,798
Revaluations 1,527,798
Exchange differences (542,603 )
At 31 December 2023 7,776,788
NET BOOK VALUE
At 31 December 2023 7,776,788
At 31 December 2022 5,530,795

Cost or valuation at 31 December 2023 is represented by:
Totals
£   
Valuation in 2023 4,292,012
Cost 3,484,776
7,776,788

The investments were revalued at 31 December 2023.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

6. RESERVES
Revaluation
reserve
£   
At 1 January 2023 2,073,160
Transfer between reserves 1,303,205

At 31 December 2023 3,376,365

7. CAPITAL COMMITMENTS

The company is committed to further investment in the investment portfolio to the value of $13,206,060 or the equivalent sterling value of £10,373,967 using the exchange rate ruling at the year end.

8. RELATED PARTY DISCLOSURES

The balances owed to associated companies at 31 December 2023 was £3,555,646 (2022: £3,230,653).

The balances owed to group companies at 31 December 2023 was £935,151. At 31 December 2022 the amount owed by group companies was £100.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Buster Jimmy Limited.

The ultimate controlling party is Buster Jimmy Holdco Limited.