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REGISTERED NUMBER: 12738643 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

JUDD TRUMP LTD

JUDD TRUMP LTD (REGISTERED NUMBER: 12738643)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JUDD TRUMP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: J Trump





REGISTERED OFFICE: 1 Kings Avenue
London
N21 3NA





REGISTERED NUMBER: 12738643 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

JUDD TRUMP LTD (REGISTERED NUMBER: 12738643)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,291,171 6,047,053
Property, plant and equipment 5 10,648 15,541
Investments 6 1,200,000 1,066,000
6,501,819 7,128,594

CURRENT ASSETS
Debtors 7 519,267 3,951
Cash at bank 195,354 276,128
714,621 280,079
CREDITORS
Amounts falling due within one year 8 805,202 338,342
NET CURRENT LIABILITIES (90,581 ) (58,263 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,411,238

7,070,331

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 7,558,716 7,558,716
Retained earnings (1,147,578 ) (488,485 )
6,411,238 7,070,331

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

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

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 22 October 2024 and were signed by:





J Trump - Director


JUDD TRUMP LTD (REGISTERED NUMBER: 12738643)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Judd Trump 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. 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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. There are no significant judgements or estimates involved in the preparation of the financial statements.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Property, plant and equipment is stated at cost less accumulated depreciation and accumulated impairment losses. Such cost included costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets less their estimated residual value over their expected useful lives, on the following basis:

Fixtures fittings and equipment 20% on Reducing Balance
Computer equipment33% on Reducing Balance

The carrying values of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.


JUDD TRUMP LTD (REGISTERED NUMBER: 12738643)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 7,558,816
AMORTISATION
At 1 August 2022 1,511,763
Charge for year 755,882
At 31 July 2023 2,267,645
NET BOOK VALUE
At 31 July 2023 5,291,171
At 31 July 2022 6,047,053

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 23,460 610 24,070
DEPRECIATION
At 1 August 2022 8,126 403 8,529
Charge for year 4,692 201 4,893
At 31 July 2023 12,818 604 13,422
NET BOOK VALUE
At 31 July 2023 10,642 6 10,648
At 31 July 2022 15,334 207 15,541

JUDD TRUMP LTD (REGISTERED NUMBER: 12738643)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 August 2022 100 1,065,900 1,066,000
Additions - 134,000 134,000
At 31 July 2023 100 1,199,900 1,200,000
NET BOOK VALUE
At 31 July 2023 100 1,199,900 1,200,000
At 31 July 2022 100 1,065,900 1,066,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by connected companies 906 320
Other debtors 3,400 31
Directors' current accounts 409,025 -
Tax 105,936 -
Prepayments - 3,600
519,267 3,951

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,191 20,289
Amounts owed to group undertakings 523,608 -
Tax 250,433 237,837
Social security and other taxes 484 -
VAT 8,386 200
Net wages 926 4,054
Directors' current accounts - 71,362
Accrued expenses 15,174 4,600
805,202 338,342

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
J Trump
Balance outstanding at start of year (71,362 ) 623,897
Amounts advanced 642,094 795,701
Amounts repaid (161,707 ) (1,490,960 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 409,025 (71,362 )

An interest of £2,022.73 has been charged on the overdrawn balance at the official rate of 2% p.a.

JUDD TRUMP LTD (REGISTERED NUMBER: 12738643)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in debtors, amount falling due within one year, is an amount of £906 (2022 - £320) receivable from connected companies.