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REGISTERED NUMBER: 10807574 (England and Wales)




















Financial Statements

for the Year Ended 30 June 2024

for

JAMMM HOLDINGS LTD

JAMMM HOLDINGS LTD (REGISTERED NUMBER: 10807574)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JAMMM HOLDINGS LTD

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr J S Hancock
Mrs A Hancock





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 10807574 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

JAMMM HOLDINGS LTD (REGISTERED NUMBER: 10807574)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Investments 5 75,000 75,000
Investment property 6 770,927 759,966
845,927 834,966

CURRENT ASSETS
Debtors 7 2,174,603 2,194,798
Cash at bank 89,796 14,609
2,264,399 2,209,407
CREDITORS
Amounts falling due within one year 8 (2,585,411 ) (2,656,604 )
NET CURRENT LIABILITIES (321,012 ) (447,197 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

524,915

387,769

CREDITORS
Amounts falling due after more than one
year

9

(92,942

)

-

PROVISIONS FOR LIABILITIES (71,085 ) (68,345 )
NET ASSETS 360,888 319,424

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 360,788 319,324
SHAREHOLDERS' FUNDS 360,888 319,424

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

JAMMM HOLDINGS LTD (REGISTERED NUMBER: 10807574)

Balance Sheet - continued
30 June 2024


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 Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by:





Mr J S Hancock - Director


JAMMM HOLDINGS LTD (REGISTERED NUMBER: 10807574)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Jammm Holdings 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.

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 as modified by the revaluation of certain assets.

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

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.

Business Know How are being amortised evenly over their estimated useful life of five years.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 (2023 - 2 ) .

JAMMM HOLDINGS LTD (REGISTERED NUMBER: 10807574)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 23,480
AMORTISATION
At 1 July 2023
and 30 June 2024 23,480
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. FIXED ASSET INVESTMENTS
Loans to
associates
£   
At 1 July 2023
and 30 June 2024 75,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 759,966
Revaluations 10,961
At 30 June 2024 770,927
NET BOOK VALUE
At 30 June 2024 770,927
At 30 June 2023 759,966

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2021 273,378
Valuation in 2023 (16,609 )
Valuation in 2024 10,961
Cost 503,197
770,927

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 4,375 5,015
Other debtors 2,170,228 2,189,783
2,174,603 2,194,798

JAMMM HOLDINGS LTD (REGISTERED NUMBER: 10807574)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 1,950 7
Taxation and social security 7,797 -
Other creditors 2,575,664 2,656,597
2,585,411 2,656,604

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 92,942 -

Amounts falling due in more than five years:

Repayable by instalments
Aldemore Mortgage 92,942 -

10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Aldemore Bank PLC 92,942 -

The mortgage provided by Aldemore Bank PLC is secured against the freehold interest in the land and property known as 6 Cob Place, Godmanchester and contains a negative pledge.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100

12. RESERVES

Included in reserves is an amount of £213,254. This relates to the revaluation of property less deferred tax, which is not distributable.