Registered number
14047001
J.K.R Trustco Limited
Unaudited Filleted Accounts
31 March 2024
API Partnership Limited t/a Chandler & Georges
Chartered Accountants
75 Westow Hill
Crystal Palace
London
SE19 1TX
Ph. 0208 761 2213
Web. Www.cgca.co.uk
J.K.R Trustco Limited
Registered number: 14047001
Statement of financial position
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 4,422,000 4,422,000
Creditors: amounts falling due within one year 4 (3,699,900) (4,299,900)
Net current liabilities (3,699,900) (4,299,900)
Net assets 722,100 122,100
Capital and reserves
Called up share capital 100 100
Profit and loss account 722,000 122,000
Shareholders' funds 722,100 122,100
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R J Thomson
Director
Approved by the board on 3 October 2024
J.K.R Trustco Limited
Notes to the financial statements
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2023 4,422,000
At 31 March 2024 4,422,000
4 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 1,234,916 -
Other creditors 2,464,984 4,299,900
3,699,900 4,299,900
5 Related party transactions
Creditors falling due within one year comprise of amounts owed to Kevin Smith, Susan Smith, Robert Thomson, Samantha Thomson and Trustees of J.R Smith Settlement, following the sale of their shares in J.K.R. Services Holdings Ltd.

Amounts owed to group undertakings comprise of the amount owed to the immediate subsidiary company, J.K.R Services Holdings Limited.
6 Controlling party
The ultimate controlling company is Sussex Trustee Services Limited who are the sole corporate trustees of the J.K.R Employee Benefit Trust.

The permitted beneficiaries of the J.K.R Employee Benefit Trust are the employees (including executive directors and former employees) of J.K.R Services Limited including spouses, civil partners, surviving spouses, surviving civil partners and children and step-children under the age of 18 years.
7 Other information
J.K.R Trustco Limited is a private company limited by shares and incorporated in England. Its registered office is:
50 Mead Lane
Buxted
East Sussex
TN22 4AS
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