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REGISTERED NUMBER: 12524042 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Jallop (UK) Ltd

Jallop (UK) Ltd (Registered number: 12524042)

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










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 4 to 6


Jallop (UK) Ltd

Company Information
for the Year Ended 31 December 2023







Directors: J W Studholme
Mrs T N Studholme





Registered office: Marsh Lane
Riverside Industrial Estate
Boston
Lincolnshire
PE21 7TX





Registered number: 12524042 (England and Wales)





Accountants: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Jallop (UK) Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jallop (UK) Ltd for the year ended 31 December 2023 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Jallop (UK) Ltd, as a body, in accordance with the terms of our engagement letter dated 18 March 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Jallop (UK) Ltd and state those matters that we have agreed to state to the Board of Directors of Jallop (UK) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jallop (UK) Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Jallop (UK) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Jallop (UK) Ltd. You consider that Jallop (UK) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Jallop (UK) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


25 September 2024

Jallop (UK) Ltd (Registered number: 12524042)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 5 4,544 5,301

Current assets
Debtors 6 197,602 39,827
Cash at bank 10,494 415,004
208,096 454,831
Creditors
Amounts falling due within one year 7 2,500 247,994
Net current assets 205,596 206,837
Total assets less current liabilities 210,140 212,138

Capital and reserves
Called up share capital 8 100 100
Retained earnings 210,040 212,038
Shareholders' funds 210,140 212,138

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 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.

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





Mrs T N Studholme - Director


Jallop (UK) Ltd (Registered number: 12524042)

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


1. Statutory information

Jallop (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademarks are being amortised evenly over their estimated useful life of ten years.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Jallop (UK) Ltd (Registered number: 12524042)

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


4. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

5. Intangible fixed assets
Trademarks
£   
Cost
At 1 January 2023
and 31 December 2023 7,573
Amortisation
At 1 January 2023 2,272
Amortisation for year 757
At 31 December 2023 3,029
Net book value
At 31 December 2023 4,544
At 31 December 2022 5,301

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Amounts owed from related
parties 196,825 31,468
Tax 291 -
VAT 486 8,359
197,602 39,827

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Amounts owed to related
parties - 243,457
Corporation tax - 1,272
Accruals and deferred income 2,500 3,265
2,500 247,994

8. Called up share capital

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

Jallop (UK) Ltd (Registered number: 12524042)

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


9. Related party disclosures

The following transactions occurred with companies in which the directors have participating interests:

£
Sales nil
Amounts due from related parties 196,825
Purchases 27
Amounts owed to related parties nil

All of the above transactions are carried out at arms length.