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REGISTERED NUMBER: 04251211 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Jupiterpoint Limited

Jupiterpoint Limited (Registered number: 04251211)






Contents of the Financial Statements
for the Year Ended 31 MARCH 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Jupiterpoint Limited (Registered number: 04251211)

Balance Sheet
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 43,151 2,306
Investments 5 50,190 50,190
93,341 52,496

CURRENT ASSETS
Debtors 6 68,739 14,640
Investments 7 - 95
Cash at bank and in hand 1,597 5,668
70,336 20,403
CREDITORS
Amounts falling due within one year 8 (64,741 ) (27,123 )
NET CURRENT ASSETS/(LIABILITIES) 5,595 (6,720 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,936

45,776

CREDITORS
Amounts falling due after more than one
year

9

(65,221

)

(36,765

)

PROVISIONS FOR LIABILITIES - (769 )
NET ASSETS 33,715 8,242

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 33,713 8,240
SHAREHOLDERS' FUNDS 33,715 8,242

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Jupiterpoint Limited (Registered number: 04251211)

Balance Sheet - continued
31 MARCH 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 Profit & loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by:





B Harris - Director


Jupiterpoint Limited (Registered number: 04251211)

Notes to the Financial Statements
for the Year Ended 31 MARCH 2024

1. STATUTORY INFORMATION

Jupiterpoint Limited is a private company, limited by shares, registered in England and Wales, registration number 04251211. The registered office is Solar House, PF 915 High Road, North Finchley, London N12 8QJ.

The presentation currency of the financial statements is pound sterling (£) and the level of rounding is the nearest £1.

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.

Turnover and revenue recognition
Turnover represents Investment Income and services provided excluding VAT.

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
o the amount of revenue can be measured reliably;
o it is probable that the Company will receive the consideration due under the contract;
o the stage of completion of the contract at the end of the reporting period can be measured reliably; and
o the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight line and reducing balance basis.

Depreciation is provided on the following basis:
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Profit and loss account.

Financial instruments
The company has entered into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like other debtors, creditors and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is fund, an impairment loss is recognised in the profit and loss.


Jupiterpoint Limited (Registered number: 04251211)

Notes to the Financial Statements - continued
for the Year Ended 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & loss account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments
Investments are stated at cost less any provision for reduction in value.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

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

Jupiterpoint Limited (Registered number: 04251211)

Notes to the Financial Statements - continued
for the Year Ended 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 2,543 583 - 1,694 4,820
Additions - - 55,229 - 55,229
At 31 March 2024 2,543 583 55,229 1,694 60,049
DEPRECIATION
At 1 April 2023 1,495 337 - 682 2,514
Charge for year 262 61 13,807 254 14,384
At 31 March 2024 1,757 398 13,807 936 16,898
NET BOOK VALUE
At 31 March 2024 786 185 41,422 758 43,151
At 31 March 2023 1,048 246 - 1,012 2,306

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 50,190
NET BOOK VALUE
At 31 March 2024 50,190
At 31 March 2023 50,190

The company owns 50% of the ordinary share capital of Allocean Maritime Limited which is listed below.
The last set of Accounts filed for Allocean Maritime Limited for the period ended 31 July 2024.


31/07/2024 31/07/2023
Aggregate capital and reserves £    £   

Allocean Maritime Limited (81,272 ) (81,272 )

Profit or (Loss) for the year
Allocean Maritime Limited 0 0

The company owns 100% of the ordinary share capital of Allocean Maritime Investments Limited, which is incorporated in England and Wales.The last set of Accounts filed for Allocean Maritime Investments Limited for the period ended 30 June 2024.

30/06/2024 30/06/2023
Aggregate capital and reserves £    £   

Allocean Maritime Investments Limited 26,127 26,127

Profit or (Loss) for the year
Allocean Maritime Investments Limited 448 448

Jupiterpoint Limited (Registered number: 04251211)

Notes to the Financial Statements - continued
for the Year Ended 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 68,739 14,640

7. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Unlisted investments - 95

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 8,878 -
Trade creditors 5,635 3,420
Taxation and social security 40,399 14,704
Other creditors 9,829 8,999
64,741 27,123

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 34,338 -
Other creditors 30,883 36,765
65,221 36,765

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
B Harris
Balance outstanding at start of year 4,940 15,961
Amounts advanced 58,300 54,135
Amounts repaid (31,106 ) (65,156 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,134 4,940

Ms MC Baquerizo Salazar
Balance outstanding at start of year 2,978 13,035
Amounts advanced 56,189 55,099
Amounts repaid (27,656 ) (65,156 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 31,511 2,978

The above loans are interest free, repayable on demand and unsecured.