Company registration number 10550341
JH Troncmaster Services Limited
Financial Statements
for the year ended 30 April 2023
Cavendish Bond
Chartered Accountants & Statutory Auditor
Bentinck House
3 - 8 Bolsover Street
London
W1W 6AB
JH Troncmaster Services Limited
Financial statements for the year ended 30 April 2023
Balance Sheet
Notes 2023 2022
£ £
Current assets
Debtors 4 32,653 25,885
Creditors: amounts falling due within one year 5 (43,124) (24,008)
Net current (liabilities)/assets (10,471) 1,877
Net (liabilities)/assets (10,471) 1,877
Capital and reserves
Called up share capital 1 1
Profit and loss account (10,472) 1,876
Shareholder's funds (10,471) 1,877
The financial statements have been prepared in accordance with the special provisions for small companies within Part 15 of the Companies Act 2006. The company's profit and loss account for the year has not been delivered to the Registrar of Companies.
These financial statements were approved by the board on 19 November 2024 and are signed on its behalf by
S Rawal
Director
Company registration number 10550341
JH Troncmaster Services Limited
Financial statements for the year ended 30 April 2023
Notes to the Financial Statements
1 Accounting policies
Basis of preparation
The financial statements 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 applicable to companies subject to the small entities regime.
Going concern
These financial statements have been prepared on the going concern basis.

On 30 October 2023 the company’s parent entity, Jeffreys Henry LLP, was placed into liquidation. The liquidator has asserted a claim over the company’s cash at bank, including amounts credited to the company’s bank account subsequent to 30 October 2023, based on legal advice that these amounts form part of the liquidation estate due to the structure of the company’s banking arrangements. The liquidator currently has control of the company’s cash at bank and the company therefore has no cash resources of its own.

Subsequent to 30 October 2023 the company has received financial support from related parties to enable it to meet its cash requirements however there is no guarantee that such support will continue to be available and the related parties have made no commitment to provide financial support on an ongoing basis.

The director considers that this constitutes a material uncertainty in relation to going concern.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price less any provision for bad and doubtful debts. Loans and other financial assets are initially recognised at fair value, taking account of any transaction costs, and are subsequently measured at amortised cost using the effective interest method, less any impairment losses.
Creditors
Short term creditors are measured at the transaction price. Loans and other financial liabilities are initially recognised at fair value, taking account of any transaction costs, and are subsequently measured at amortised cost 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. Current and deferred tax assets and liabilities are not discounted.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument those financial instruments are classified as financial liabilities and are presented as such in the balance sheet.

Where the contractual terms of financial instruments do not meet the definition of a financial liability those financial instruments are classified as equity instruments. Dividends and other distributions relating to equity instruments are debited direct to equity.
2 Audit information
These financial statements have been audited and an unqualified audit report issued as follows:
Auditor: Cavendish Bond Limited
Senior Statutory Auditor: Richard Tompkins
Audit report date: 19 November 2024
3 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
4 Debtors 2023 2022
£ £
Trade debtors 11,150 13,345
Accrued income 16,304 12,405
Other debtors 5,199 135
32,653 25,885
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,065 -
Taxes and social security costs 28,077 18,008
Other creditors 13,982 6,000
43,124 24,008
6 Events after the reporting date
On 30 October 2023 the company’s parent entity, Jeffreys Henry LLP, was placed into liquidation and the liquidator has indicated that there is unlikely to be any dividend payable to unsecured creditors from the liquidation estate. The amounts due to the company from Jeffreys Henry LLP at the balance sheet date have therefore been provided against in full in these financial statements.

Subsequent to the balance sheet date the balance due from Jeffreys Henry LLP has increased by £89,970, which is also likely to be irrecoverable for the reasons set out above. No provision has been made in these financial statements in respect of this additional balance.
7 Parent entity
The company's immediate and ultimate parent entity is Jeffreys Henry LLP, whose registered office address is Resolve Advisory Limited, 22 York Buildings, London, WC2N 6JU. Jeffreys Henry LLP does not prepare consolidated financial statements.
8 Other information
JH Troncmaster Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Leman Street
London
E1W 9US
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