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Registered number: 14194106
Jargon Group Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Chartered Certified Accountants & Registered Auditors
Hill Crest
Castle Cary Road
West Lydford
Somerset
TA11 6DS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14194106
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 4,783 1,872,443
4,783 1,872,443
CURRENT ASSETS
Debtors 5 130,615 100
Cash at bank and in hand 78,816 -
209,431 100
Creditors: Amounts Falling Due Within One Year 6 (633,934 ) (1,873,943 )
NET CURRENT ASSETS (LIABILITIES) (424,503 ) (1,873,843 )
TOTAL ASSETS LESS CURRENT LIABILITIES (419,720 ) (1,400 )
NET LIABILITIES (419,720 ) (1,400 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (419,820 ) (1,500 )
SHAREHOLDERS' FUNDS (419,720) (1,400)
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Simon Corbett
Director
6 December 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Jargon Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14194106 . The registered office is Tithe Barn, Chequers Lane, Eversley Cross, Hook, Hampshire, RG27 0NR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
Although the company has net liabilities,  the directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: NIL)
13 -
4. Investments
Unlisted
£
Cost
As at 1 April 2023 1,872,443
Fair value adjustments (1,867,660 )
As at 31 March 2024 4,783
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 4,783
As at 1 April 2023 1,872,443
5. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Trade debtors 130,515 -
Other debtors 100 100
130,615 100
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors 30,559 -
Amounts owed to group undertakings - 598,107
Amounts owed to participating interests 350,000 466,963
Other creditors 188,588 808,873
Taxation and social security 64,787 -
633,934 1,873,943
7. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 100 100
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 March 2024 31 March 2023
£ £
Not later than one year 18,000 -
Later than one year and not later than five years 100,800 -
118,800 -
Page 4