IRIS Accounts Production v24.3.0.553 08774095 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh087740952023-03-31087740952024-03-31087740952023-04-012024-03-31087740952021-11-30087740952021-12-012023-03-31087740952023-03-3108774095ns15:EnglandWales2023-04-012024-03-3108774095ns14:PoundSterling2023-04-012024-03-3108774095ns10:Director12023-04-012024-03-3108774095ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108774095ns10:SmallEntities2023-04-012024-03-3108774095ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108774095ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108774095ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108774095ns10:FullAccounts2023-04-012024-03-3108774095ns10:Director22023-04-012024-03-3108774095ns10:Director32023-04-012024-03-3108774095ns10:RegisteredOffice2023-04-012024-03-3108774095ns5:CurrentFinancialInstruments2024-03-3108774095ns5:CurrentFinancialInstruments2023-03-3108774095ns5:ShareCapital2024-03-3108774095ns5:ShareCapital2023-03-3108774095ns5:SharePremium2024-03-3108774095ns5:SharePremium2023-03-3108774095ns5:RetainedEarningsAccumulatedLosses2024-03-3108774095ns5:RetainedEarningsAccumulatedLosses2023-03-3108774095ns5:CostValuation2023-03-3108774095ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3108774095ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 08774095 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

JOHN GERMAN HOLDINGS LIMITED

JOHN GERMAN HOLDINGS LIMITED (REGISTERED NUMBER: 08774095)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JOHN GERMAN HOLDINGS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: J L M Morgan
P M Sandbach
T S Glenn





REGISTERED OFFICE: 9A Market Place
Uttoxeter
ST14 8HY





REGISTERED NUMBER: 08774095 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
16 Davy Court
Castle Mound Way
Rugby, CV23 0UZ
Magma Audit LLP is part
Of the Dains Group

JOHN GERMAN HOLDINGS LIMITED (REGISTERED NUMBER: 08774095)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 1,800,000 1,800,000

CURRENT ASSETS
Debtors 5 6,005 5
Cash at bank 89 35
6,094 40
CREDITORS
Amounts falling due within one year 6 (353,161 ) (279,280 )
NET CURRENT LIABILITIES (347,067 ) (279,240 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,452,933

1,520,760

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 1,079,905 1,079,905
Retained earnings 372,928 440,755
SHAREHOLDERS' FUNDS 1,452,933 1,520,760

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by:





P M Sandbach - Director


JOHN GERMAN HOLDINGS LIMITED (REGISTERED NUMBER: 08774095)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024


1. STATUTORY INFORMATION

John German Holdings Limited is a limited company, registered in England and Wales. Its registered office address is 9a Market Place, Uttoxeter, ST14 8HY and the registered number is 08774095.

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.

The financial statements are presented in £ Sterling and amounts are rounded to the nearest £1.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Going concern
As at 31 March 2024 the company had net current liabilities of £347,067 (2023: £279,280). The majority of the company's liabilities are owed to related parties, being the company's immediate subsidiary and one of the company's shareholders. Both parties have confirmed to the directors that repayment won't be called for until the company is in the financial position to make payment. As such the directors have prepared the financial statements on the going concern basis.

Investments in subsidiaries
Investment in the subsidiary company is held at cost less accumulated impairment losses.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at
transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

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

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

Company revenue is made up of profits and distributions from subsidiaries. Revenue is recognised when
receivable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

JOHN GERMAN HOLDINGS LIMITED (REGISTERED NUMBER: 08774095)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 1,800,000
NET BOOK VALUE
At 31 March 2024 1,800,000
At 31 March 2023 1,800,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 6,005 5

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 480 -
Amounts owed to group undertakings 138,876 49,102
Other creditors 213,805 230,178
353,161 279,280

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

J L M Morgan, director, owed £6,000 to the company at 31 March 2024 (2023: £2,000 was owed to the director).

P M Sandbach, director, was owed £2,000 (2023: £2,000) by the company at 31 March 2024.

Loans to directors are interest free with no fixed repayment terms and are shown within other debtors or other creditors.