Company registration number 13902062 (England and Wales)
JQ HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024
PAGES FOR FILING WITH REGISTRAR
JQ HOLDINGS LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2024
28 February 2024
- 1 -
2024
2023
£
£
£
£
Fixed assets
5,765,356
1,779,025
Current assets
32,202
3,109
Creditors: amounts falling due within one year
(2,143,239)
(779,154)
Net current liabilities
(2,111,037)
(776,045)
Total assets less current liabilities
3,654,319
1,002,980
Creditors: amounts falling due after more than one year
(3,857,268)
(1,023,743)
Net liabilities
(202,949)
(20,763)
Capital and reserves
(202,949)
(20,763)
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees
As at the balance sheet date, the company was owed a total of £678 (2023: £630) from the directors, this being unsecured, interest free and repayable on demand.
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
1
1
3
Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future due to the parent company only recalling it's loan at a point the company has sufficient funds available. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
4
Financial commitments, guarantees and contingent liabilities
Loans outstanding are liened against the fixed assets of the company.
JQ Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is 105 Absolute House, Coptfold Hall Farm, Writtle Road, Margaretting, Essex, United Kingdom, CM4 0EL.
For the year ended 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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.
JQ HOLDINGS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2024
28 February 2024
- 2 -
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 29 November 2024
Mr Kiraj Patel
Director
Company registration number 13902062 (England and Wales)