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Company registration number:
13386931
James Cook Investments Limited
Unaudited Filleted Financial Statements for the year ended
31 March 2024
James Cook Investments Limited
Statement of Financial Position
31 March 2024
20242023
Note££
Fixed assets    
Investments 5
113,435
 
121,980
 
Current assets    
Debtors 6 -  
1
 
Cash at bank and in hand
1
  -  
1
 
1
 
Creditors: amounts falling due within one year 7
(101,155
) -  
Net current (liabilities)/assets
(101,154
)
1
 
Total assets less current liabilities 12,281   121,981  
Creditors: amounts falling due after more than one year 8 -  
(121,980
)
Net assets
12,281
 
1
 
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
12,280
  -  
Shareholders funds
12,281
 
1
 
For the year ending
31 March 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
12 September 2024
, and are signed on behalf of the board by:
Gregor Jackson
Director
Company registration number:
13386931
James Cook Investments Limited
Notes to the Financial Statements
Year ended
31 March 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
5 King William Street
,
c/o Daiwa International Capital Partners Limited
,
London
,
EC4N 7DA
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitues a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Foreign currency

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2023: Nil).

5 Investments

Other investments other than loans
£
Cost or valuation  
At
1 April 2023
121,980
 
Additions
1,560
 
Disposals
(6,945
)
Revaluations
(3,160
)
At
31 March 2024
113,435
 
Impairment  
At
1 April 2023
and
31 March 2024
-  
Carrying amount  
At
31 March 2024
113,435
 
At 31 March 2023
121,980
 

6 Debtors

20242023
££
Other debtors -  
1
 

7 Creditors: amounts falling due within one year

20242023
££
Amounts owed to group undertakings and undertakings in which the company has a participating interest
101,155
  -  

8 Creditors: amounts falling due after more than one year

20242023
££
Other creditors -  
121,980