18 January 2024 v2025.1.0 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity0falsexbrli:purexbrli:sharesiso4217:GBP154227412024-01-182024-12-31154227412024-12-3115422741bus:Director12024-01-182024-12-3115422741bus:Director12024-12-3115422741bus:Director22024-01-182024-12-3115422741bus:Director22024-12-3115422741bus:Director32024-01-182024-12-3115422741bus:Director32024-12-3115422741bus:CompanySecretary12024-01-182024-12-3115422741bus:RegisteredOffice2024-01-182024-12-3115422741core:WithinOneYear2024-12-3115422741core:ShareCapital2024-12-3115422741core:RetainedEarningsAccumulatedLosses2024-12-3115422741core:RetainedEarningsAccumulatedLosses2024-01-182024-12-3115422741core:ShareCapital2024-01-182024-12-3115422741core:AdditionsToInvestments2024-12-3115422741core:CostValuation2024-12-311542274112024-01-182024-12-3115422741countries:EnglandWales2024-01-182024-12-3115422741bus:AuditExempt-NoAccountantsReport2024-01-182024-12-3115422741bus:PrivateLimitedCompanyLtd2024-01-182024-12-3115422741bus:SmallEntities2024-01-182024-12-3115422741bus:FullAccounts2024-01-182024-12-31
Company registration number:
15422741
JAF Holdings Limited
Unaudited Financial Statements for the period ended
31 December 2024
JAF Holdings Limited
Officers and Professional Advisers
Period ended
31 December 2024
Directors
Mrs A Finlan
(appointed
18 January 2024
)
Mr J Parle
(appointed
18 January 2024
)
Mrs J Connor
(appointed
18 January 2024
)
Company secretary
Mr C Parle
Registered office
The Finlan Centre
Hale Road
Widnes
Cheshire
WA8 8PU
United Kingdom
Bank
Lloyds Bank plc
25 Gresham Street
London
EC2V 7HN
United Kingdom
JAF Holdings Limited
Directors' Report
Period ended
31 December 2024
The directors present their report and the unaudited
financial statements
of the company for the period from 18 January 2024 to 31 December 2024.

Incorporation

The company was incorporated on
18 January 2024
as
JAF Holdings Limited
.

Directors

The directors who served the company during the period were as follows:
Mrs A Finlan
(appointed
18 January 2024
)
Mr J Parle
(appointed
18 January 2024
)
Mrs J Connor
(appointed
18 January 2024
)

Principal activity

The principal activity of the company is to act as a holding company for corporate groups owned by the Finlan family with the intention to provide management services to those entities.

Going Concern

Despite the company being in a net liability position at the end of the period, the directors are satisfied that it will begin earning revenues in 2025 to be able to exhibit a net asset position by 31 December 2025. Furthermore, the shareholder loan advanced to the company during 2024 is not sought for repayment until such time as the company has the liquidity to make repayment. On this basis, the directors are satisfied that it is appropriate for these financial statements to be prepared on a going concern basis.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
13 January 2025
and signed on behalf of the board by:
Mr C Parle
Company secretary
JAF Holdings Limited
Income Statement
Period ended
31 December 2024
Period from 18 Jan 2024 to 31 Dec 2024
£
Administrative expenses
(300,209
)
Operating loss
(300,209
)
Loss before tax
(300,209
)
Tax on loss -  
Loss for the financial period
(300,209
)
The company has no other recognised items of income or expense other than the results for the period as set out above.
JAF Holdings Limited
Statement of Financial Position
31 December 2024
31 Dec 2024
Note£
Fixed assets  
Investments 5
100
 
Current assets  
Debtors 6
51,534
 
Cash at bank and in hand
45,863
 
97,397
 
Creditors: amounts falling due within one year 7
(397,606
)
Net current liabilities
(300,209
)
Total assets less current liabilities (300,109 )
Capital and reserves  
Called up share capital
100
 
Profit and loss account
(300,209
)
Shareholders deficit
(300,109
)
For the period ending
31 December 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These
financial statements
were approved by the board of directors and authorised for issue on
13 January 2025
, and are signed on behalf of the board by:
Mr J Parle
Director
Company registration number:
15422741
JAF Holdings Limited
Statement of Changes in Equity
Period ended
31 December 2024
Called up share capitalProfit and loss accountTotal
£££
At
18 January 2024
-   -   -  
Loss for the period -   (300,209 ) (300,209 )
Total comprehensive income for the period -  
(300,209
)
(300,209
)
Issue of shares
100
 - 
100
 
Total investments by and distributions to owners
100
 - 
100
 
At
31 December 2024
100
 
(300,209
)
(300,109
)
JAF Holdings Limited
Notes to the Financial Statements
Period ended
31 December 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
The Finlan Centre
,
Hale Road
,
Widnes
,
Cheshire
,
WA8 8PU
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Fixed asset investments

Investments in subsidiaries are accounted for in accordance with the cost model and are recorded at cost less any accumulated impairment losses.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows:
Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. All other such investments are subsequently measured at cost less impairment.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in immediately.

4 Average number of employees

The average number of persons employed by the company during the period was Nil.

5 Investments

Shares in group undertakings and participating interests
£
Cost  
At
18 January 2024
-  
Additions
100
 
At
31 December 2024
100
 
Impairment  
At
18 January 2024
and
31 December 2024
-  
Carrying amount  
At
31 December 2024
100
 
On 22 November 2024 the company acquired the entire issued share capital of JAF Group Holdings Limited (company number 15422903). JAF Group Holdings Limited has the same period end date as the company and is a dormant company.

6 Debtors

31 Dec 2024
£
Other debtors
51,534
 

7 Creditors: amounts falling due within one year

31 Dec 2024
£
Trade creditors
48,530
 
Amounts owed to group undertakings and undertakings in which the company has a participating interest
100
 
Other creditors
348,976
 
397,606
 
Included within other creditors is an interest-free loan to the company of £306,476 from Mrs Annick JL Finlan, the shareholder and a director of the company.