Registration number:
JSPS Holding UK Ltd
for the Year Ended 31 December 2023
JSPS Holding UK Ltd
(Registration number: 10519087)
Balance Sheet as at 31 December 2023
Note |
2023 |
2022 |
|
Fixed assets |
|||
Investment property |
|
|
|
Other financial assets |
3,094,502 |
- |
|
|
|
||
Current assets |
|||
Cash at bank and in hand |
|
|
|
Creditors: Amounts falling due within one year |
( |
( |
|
Net current liabilities |
( |
( |
|
Total assets less current liabilities |
|
|
|
Provisions for liabilities |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Revaluation reserve |
|
|
|
Profit and loss account |
( |
( |
|
Shareholders' funds |
|
|
For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.
These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the
JSPS Holding UK Ltd
(Registration number: 10519087)
Balance Sheet as at 31 December 2023 (continued)
.........................................
Director
JSPS Holding UK Ltd
Statement of Changes in Equity for the Year Ended 31 December 2023
Share capital |
Revaluation reserve |
Profit and loss account |
Total |
|
At 1 January 2023 |
|
|
( |
|
Profit for the year |
- |
- |
|
|
Total comprehensive income |
- |
- |
|
|
At 31 December 2023 |
|
|
( |
|
Share capital |
Revaluation reserve |
Profit and loss account |
Total |
|
At 1 January 2022 |
|
- |
( |
( |
Profit for the year |
- |
- |
|
|
Total comprehensive income |
- |
- |
|
|
Transfers |
- |
86,740 |
(86,740) |
- |
At 31 December 2022 |
|
|
( |
|
JSPS Holding UK Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Accounting policies |
Statutory information
JSPS Holding UK Ltd is a private company, limited by shares, domiciled in England and Wales, company number 10519087. The registered office is at Stone Farm Bungalow, Hermit Hill, Wortley, Sheffield, S35 7DF.
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.
Revenue recognition
Turnover comprises rents receivable.
Tax
The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Investment property
JSPS Holding UK Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)
1 |
Accounting policies (continued) |
Financial instruments
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investment properties |
2023 |
|
At 1 January 2023 |
|
At 31 December 2023 |
|
Investment properties were revalued on 31 December 2023 by the directors who are internal to the company. The basis of valuation was existing use basis. This class of assets has a current value of £720,000 (2022: £720,000) and a carrying amount at historical cost of £607,545 (2022: £607,545). The depreciation on this historic cost is nil (2022: nil).
Other financial assets (current and non-current) |
Financial assets at cost less impairment |
Total |
|
Non-current financial assets |
||
Cost or valuation |
||
Additions |
3,094,502 |
3,094,502 |
At 31 December 2023 |
3,094,502 |
3,094,502 |
Impairment |
||
Carrying amount |
||
At 31 December 2023 |
|
3,094,502 |
The company acquired a 16.33% shareholding in Ossian Holding BV during the year.
JSPS Holding UK Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)
Creditors |
2023 |
2022 |
|
Due within one year |
||
Amounts owed to related undertakings |
- |
|
Accruals and deferred income |
|
|
Director's loan account |
|
- |
|
|
Related party transactions |
During the year the company had a loan account with JSPS Holding BV, a company under common control. This loan was repaid during the year.
During the year the director had a loan account with the company. At the balance sheet date the amount due to the director was £3,994,442. The loan is interest free.