NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
JBM Investment Ltd is a private company limited by shares and incoporated in England and Wales. The address of the registered office is stated on the company information page. The company was dormant (within the meaning of Section 480 of the Companies Act 2006) throughout the period ended 31 March 2024. The company has not traded during the period. During this period the company received no income and incurred no expenditure and therefore made neither profit nor loss.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
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Exemption from preparing consolidated financial statements
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The company, and the Group and its heads, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.
At the balance sheet date the company had net current liabilities of £162,500 (2023: £162,500). The company is reliant upon support of its trading subsidiary to continue as a going concern.
Whilst some uncertainties still exist and these may cast doubt on the company’s ability to continue as a going concern, the director believes that the actions they have taken should enable it to continue in operational existence for at least 12 months from the approval of these accounts.
Investments in subsidiaries are measured at cost less accumulated impairment.
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
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