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Registration number: 09587895

Jubilee Pop Consulting Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Jubilee Pop Consulting Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Jubilee Pop Consulting Limited

Company Information

Director

PN Szkiler

Registered office

6th Floor
60 Gracechurch Street
London
EC3V 0HR

Accountants

Addicus Plus Limited
Chartered Certified Accountants
4 The Axium Centre Dorchester Road
Lytchett Minster
Poole
Dorset
BH16 6FE

 

Jubilee Pop Consulting Limited

(Registration number: 09587895)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

250,000

135,000

Other financial assets

5

100,000

-

 

350,000

135,000

Current assets

 

Debtors

6

139,690

143,101

Investments

7

2

75,375

Cash at bank and in hand

 

11,807

5,732

 

151,499

224,208

Creditors: Amounts falling due within one year

8

(69,275)

(57,574)

Net current assets

 

82,224

166,634

Total assets less current liabilities

 

432,224

301,634

Creditors: Amounts falling due after more than one year

8

(5,948)

(17,737)

Provisions for liabilities

(41,250)

(12,500)

Net assets

 

385,026

271,397

Capital and reserves

 

Called up share capital

1

1

Retained earnings

385,025

271,396

Shareholders' funds

 

385,026

271,397

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

 

Jubilee Pop Consulting Limited

(Registration number: 09587895)
Balance Sheet as at 31 May 2024

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 December 2024
 

PN Szkiler
Director

   
     
 

Jubilee Pop Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
6th Floor
60 Gracechurch Street
London
EC3V 0HR

These financial statements were authorised for issue by the director on 2 December 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Jubilee Pop Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is carried at fair value. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares are initially measured at fair value, with changes in fair value recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company during the year was 0 (2023 - 0).

4

Investment property

2024
£

At 1 June

135,000

Revaluation gain

115,000

At 31 May

250,000

If investment property had not been revalued it would have been included at the historical cost of £85,000 (2023 - £85,000).

Investment property was valued on an open market basis on 10 October 2024 by J & E Shepherd
Chartered Surveyors.

 

Jubilee Pop Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

5

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

Additions

100,000

100,000

At 31 May 2024

100,000

100,000

Impairment

Carrying amount

At 31 May 2024

100,000

100,000

6

Debtors

2024
£

2023
£

Other debtors

118,924

127,101

Accrued income

20,766

16,000

139,690

143,101

7

Current asset investments

2024
£

2023
£

Other investments

2

75,375

 

Jubilee Pop Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

11,788

11,607

Taxation and social security

 

39,111

34,725

Accruals

 

1,140

1,020

Other creditors

 

17,236

10,222

 

69,275

57,574

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

5,948

17,737

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

5,948

17,737

Current loans and borrowings

2024
£

2023
£

Bank borrowings

11,788

11,607