Jit2 Management Ltd 08081847 true 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is The company did not trade during the year. Digita Accounts Production Advanced 6.30.9574.0 true J Viljoen 08081847 2023-06-01 2024-05-31 08081847 2024-05-31 08081847 bus:OrdinaryShareClass1 2024-05-31 08081847 core:ShareCapital 2024-05-31 08081847 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2024-05-31 08081847 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 08081847 bus:FRS102 2023-06-01 2024-05-31 08081847 bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08081847 bus:FullAccounts 2023-06-01 2024-05-31 08081847 bus:RegisteredOffice 2023-06-01 2024-05-31 08081847 bus:Director1 2023-06-01 2024-05-31 08081847 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 08081847 bus:EntityNoLongerTradingButTradedInPast 2023-06-01 2024-05-31 08081847 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08081847 bus:Agent1 2023-06-01 2024-05-31 08081847 countries:AllCountries 2023-06-01 2024-05-31 08081847 2022-06-01 2023-05-31 08081847 2023-05-31 08081847 bus:OrdinaryShareClass1 2023-05-31 08081847 core:ShareCapital 2023-05-31 08081847 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08081847

Jit2 Management Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2024

 

Jit2 Management Ltd

Company Information

Director

J Viljoen

Registered office

Abbey House
342 Regents Park Road
N3 2LJ

Accountants

Brooks Green
Chartered AccountantsAbbey House
342 Regents Park Road
London
N3 2LJ

 

Jit2 Management Ltd

Profit and Loss Account for the Year Ended 31 May 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Jit2 Management Ltd

(Registration number: 08081847)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Other financial assets

2

400,000

-

Current assets

 

Cash at bank and in hand

 

3,449

6,739

Creditors: Amounts falling due within one year

4

(403,447)

(6,737)

Net current (liabilities)/assets

 

(399,998)

2

Net assets

 

2

2

Capital and reserves

 

Called up share capital

5

2

2

Shareholders' funds

 

2

2

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 17 January 2025
 

.........................................
J Viljoen
Director

 

Jit2 Management Ltd

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

1

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Jit2 Management Ltd

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

2

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

Additions

400,000

400,000

At 31 May 2024

400,000

400,000

Impairment

Carrying amount

At 31 May 2024

400,000

400,000

3

Cash and cash equivalents

2024
£

2023
£

Cash at bank

3,449

6,739

4

Creditors

2024
£

2023
£

Due within one year

Other payables

403,447

6,737

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

       

6

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).