Caseware UK (AP4) 2023.0.135 2023.0.135 false0No description of principal activitytrue02023-01-01trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13076359 2023-01-01 2023-12-31 13076359 2022-01-01 2022-12-31 13076359 2023-12-31 13076359 2022-12-31 13076359 2022-01-01 13076359 2023-01-01 13076359 c:Director1 2023-01-01 2023-12-31 13076359 d:CurrentFinancialInstruments 2023-12-31 13076359 d:CurrentFinancialInstruments 2022-12-31 13076359 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13076359 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13076359 d:ShareCapital 2023-12-31 13076359 d:ShareCapital 2022-12-31 13076359 d:RetainedEarningsAccumulatedLosses 2023-12-31 13076359 d:RetainedEarningsAccumulatedLosses 2022-12-31 13076359 c:FRS102 2023-01-01 2023-12-31 13076359 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13076359 c:FullAccounts 2023-01-01 2023-12-31 13076359 c:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 13076359 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 13076359











JPM CAPITAL LTD
Unaudited
Financial statements
Information for filing with the registrar
For the Year Ended 31 December 2023

















Coveney Nicholls Limited
Chartered Accountants
The Old Wheel House
31/37 Church Street
Reigate
Surrey
UK
RH2 0AD

 
JPM CAPITAL LTD
Registered number:13076359

Statement of Financial Position
As at 31 December 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
16,741
-

Cash at bank and in hand
  
15,941
2,899

  
32,682
2,899

Creditors: amounts falling due within one year
 6 
(6,934)
(3,632)

Net current assets/(liabilities)
  
 
 
25,748
 
 
(733)

Total assets less current liabilities
  
25,748
(733)

  

Net assets/(liabilities)
  
25,748
(733)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
25,648
(833)

  
25,748
(733)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 October 2024.




___________________________
James Pope
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 1

 
JPM CAPITAL LTD
Registered number:13076359
    
Statement of Financial Position (continued)
As at 31 December 2023


Page 2

 
JPM CAPITAL LTD
 
 
Notes to the Financial Statements

For the Year Ended 31 December 2023

1.


General information

The company is a private company limited by shares, registered in England and Wales. The
address of the registered office is Flat 65, 151 Stockwell Road, London, SW9 9FX, United
Kingdom.
The company is established to provide consultancy support to property related transactions. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
JPM CAPITAL LTD
 
 
Notes to the Financial Statements

For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Page 4

 
JPM CAPITAL LTD
 
 
Notes to the Financial Statements

For the Year Ended 31 December 2023

2.Accounting policies (continued)


2.7
Financial instruments (continued)

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.
Page 5

 
JPM CAPITAL LTD
 
 
Notes to the Financial Statements

For the Year Ended 31 December 2023

2.Accounting policies (continued)


2.7
Financial instruments (continued)


Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2022 - 0).


4.


Debtors

2023
2022
£
£


Other debtors
16,741
-

16,741
-



5.


Current asset investments

2023
2022
£
£

Investments - purchases
24,000
-

Investments - sales
(24,000)
-

-
-


Page 6

 
JPM CAPITAL LTD
 
 
Notes to the Financial Statements

For the Year Ended 31 December 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
5,534
-

Other creditors
632
2,900

Accruals and deferred income
768
732

6,934
3,632



7.
Director's advances, credits and guarantees


2023

Balance brought forward
Advances/(credits) to the directors
Amounts repaid
Balance outstanding

£
£
£
£

James Pope
(2,900)
3,000
(732)
(632)

2022

Balance brought forward
Advances/(credits) to the directors
Amounts repaid
Balance outstanding

£
£
£
£

James Pope
(100)
(2,800)
-
(2,900)

 
Page 7