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REGISTERED NUMBER: 09013463 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

JAB TOPCO LIMITED

JAB TOPCO LIMITED (REGISTERED NUMBER: 09013463)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Accountants' Report 9

JAB TOPCO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: J P Baker





REGISTERED OFFICE: 28 College Yard
5 Gammons Lane
Watford
Hertfordshire
WD24 6BQ





REGISTERED NUMBER: 09013463 (England and Wales)





ACCOUNTANTS: MGR Paris Limited
Chartered Accountants
Russell House
140 High Street
Edgware
HA8 7LW

JAB TOPCO LIMITED (REGISTERED NUMBER: 09013463)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Investments 4 50,251 251
Investment property 5 222,889 222,889
273,140 223,140

CURRENT ASSETS
Debtors 6 639,504 639,504
Cash at bank 172,181 352,592
811,685 992,096
CREDITORS
Amounts falling due within one year 7 (31,617 ) (103,054 )
NET CURRENT ASSETS 780,068 889,042
TOTAL ASSETS LESS CURRENT LIABILITIES 1,053,208 1,112,182

CREDITORS
Amounts falling due after more than one
year

8

(152,293

)

(152,293

)
NET ASSETS 900,915 959,889

CAPITAL AND RESERVES
Called up share capital 11 202 202
Retained earnings 12 900,713 959,687
SHAREHOLDERS' FUNDS 900,915 959,889

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

JAB TOPCO LIMITED (REGISTERED NUMBER: 09013463)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 January 2025 and were signed by:





J P Baker - Director


JAB TOPCO LIMITED (REGISTERED NUMBER: 09013463)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

JAB Topco Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Monetary amounts are rounded to the nearest pound.

Turnover
Turnover represents rental income receivable from the letting of furnished units.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

No depreciation is provided in respect of these properties in accordance with the FRS102. This is a departure from the requirements of the Companies Act 2006 that depreciation is charged to systematically write off the cost of assets over their useful economic lives. These properties are held primarily for investment and any trading income derived from them is incidental. As such, the director considers depreciation of these properties to be inappropriate. The policy adopted is considered necessary for the financial statements to give a true and fair view.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

JAB TOPCO LIMITED (REGISTERED NUMBER: 09013463)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction and where material are subsequently measured at amortised cost using the effective interest method, less any impairment.

Impairment of financial assets
Financial assets, other than those held at fair value are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity

Basic financial liabilities
Basic financial liabilities, including trade and other payables and loans from company undertakings that are classified as debt are initially measured at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at the market rate of interest.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group Unlisted
undertakings investments Totals
£    £    £   
COST
At 1 May 2023 251 - 251
Additions - 50,000 50,000
At 30 April 2024 251 50,000 50,251
NET BOOK VALUE
At 30 April 2024 251 50,000 50,251
At 30 April 2023 251 - 251

JAB TOPCO LIMITED (REGISTERED NUMBER: 09013463)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. FIXED ASSET INVESTMENTS - continued

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Money 4 Leisure Limited
Registered office:
Nature of business: management consultancy
%
Class of shares: holding
Ordinary 100.00

Connections Money Limited
Registered office:
Nature of business: contract and introductory agents
%
Class of shares: holding
Ordinary 100.00

Ros-Wind Land and Property Limited
Registered office:
Nature of business: Property development
%
Class of shares: holding
Ordinary 100.00

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 222,889
NET BOOK VALUE
At 30 April 2024 222,889
At 30 April 2023 222,889

As the year end, the fair value of the investment property was not considered to be different to the historical cost by the director.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Amounts owed by group undertakings 491,962 491,962
Other debtors 147,542 147,542
639,504 639,504

JAB TOPCO LIMITED (REGISTERED NUMBER: 09013463)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors - 1,920
Amounts owed to group undertakings 6,516 6,516
Taxation 5,726 3,608
Other creditors 1,790 (1,068 )
Directors' current accounts 15,665 89,666
Accrued expenses 1,920 2,412
31,617 103,054

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans (see note 9) 152,293 152,293

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 152,293 152,293

9. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 152,293 152,293

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 152,293 152,293

The Company's Bank loan is secured against the Company's investment property.

JAB TOPCO LIMITED (REGISTERED NUMBER: 09013463)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
202 Ordinary £1 - -
20,200 Ordinary 1p 202 202
202 202

12. RESERVES
Retained
earnings
£   

At 1 May 2023 959,687
Profit for the year 23,883
Dividends (82,857 )
At 30 April 2024 900,713

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £80,000 were paid to the director .

During the year, a director took drawings of £154,000 from the company from a loan owed to the director from the company.

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
JAB TOPCO LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of JAB Topco Limited for the year ended 30 April 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of JAB Topco Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of JAB Topco Limited and state those matters that we have agreed to state to the director of JAB Topco Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JAB Topco Limited and its director for our work or for this report.

It is your duty to ensure that JAB Topco Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of JAB Topco Limited. You consider that JAB Topco Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of JAB Topco Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






MGR Paris Limited
Chartered Accountants
Russell House
140 High Street
Edgware
HA8 7LW


30 January 2025