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COMPANY REGISTRATION NUMBER: 07617226
Jamm South London Ltd
Filleted Unaudited Financial Statements
30 April 2024
Jamm South London Ltd
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
524,602
590,318
Current assets
Debtors
6
446,425
388,024
Investments
7
46,800
46,800
Cash at bank and in hand
86,496
169,208
---------
---------
579,721
604,032
Creditors: amounts falling due within one year
8
1,251,803
1,042,460
------------
------------
Net current liabilities
672,082
438,428
---------
---------
Total assets less current liabilities
( 147,480)
151,890
Creditors: amounts falling due after more than one year
9
89,349
79,047
---------
---------
Net (liabilities)/assets
( 236,829)
72,843
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 236,929)
72,743
---------
--------
Shareholders (deficit)/funds
( 236,829)
72,843
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Jamm South London Ltd
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 14 January 2025 , and are signed on behalf of the board by:
Mr. J N Allen
Director
Company registration number: 07617226
Jamm South London Ltd
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Jubilee House, Townsend Lane, London, NW9 8TZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold Improvements
-
Term of the Lease
Fixtures and Fittings
-
33% straight line
Equipment
-
25 % straight line
Impairment of fixed assets
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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 40 (2023: 43 ).
5. Tangible assets
Land and buildings
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 May 2023
635,110
228,356
226,939
1,090,405
Additions
65,916
10,547
76,463
---------
---------
---------
------------
At 30 April 2024
701,026
228,356
237,486
1,166,868
---------
---------
---------
------------
Depreciation
At 1 May 2023
225,167
205,829
69,091
500,087
Charge for the year
9,233
76,111
56,835
142,179
---------
---------
---------
------------
At 30 April 2024
234,400
281,940
125,926
642,266
---------
---------
---------
------------
Carrying amount
At 30 April 2024
466,626
( 53,584)
111,560
524,602
---------
---------
---------
------------
At 30 April 2023
409,943
22,527
157,848
590,318
---------
---------
---------
------------
6. Debtors
2024
2023
£
£
Trade debtors
73,355
54,416
Amounts owed by group undertakings and undertakings in which the company has a participating interest
( 81,036)
1,920
Other debtors
454,106
331,688
---------
---------
446,425
388,024
---------
---------
7. Investments
2024
2023
£
£
Other investments
46,800
46,800
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
11,186
10,000
Trade creditors
405,260
294,542
Amounts owed to group undertakings and undertakings in which the company has a participating interest
117,944
78,397
Social security and other taxes
132,692
98,040
Carlsberg Loan
140,483
50,000
Other creditors
444,238
511,481
------------
------------
1,251,803
1,042,460
------------
------------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
10,936
22,500
Promoter Deposits
13,855
6,190
Other debtors - Gold Teeth Loan
43,486
29,285
Other creditors
21,072
21,072
--------
--------
89,349
79,047
--------
--------
10. Related party transactions
The company was under the control of Mr. Jonathan Norbet Allen and he is managing director of the company. Mr. Ian Edward Gough and Mr. Jonathan Norber Allen are the only joint shareholder of the company. Amounts owed to related party: Jamm South London Limited is related to the following companies by virtue of common shareholding. The amounts owed by Jamm South London Limited at the year end are as follows: Living Accomodation Limited - £16,003 Glengall House Limited - £410,307 Gigs and Touring - £3,000 The White Lion Pub - £10,320