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REGISTERED NUMBER: 05734692 (England and Wales)








Strategic Report, Report of the Director and

Financial Statements for the Year Ended 31 May 2024

for

Jebentus Limited

Jebentus Limited (Registered number: 05734692)

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










Page

Company Information 1

Strategic Report 2

Report of the Director 3

Report of the Independent Auditors 5

Statement of Income and Retained Earnings 8

Statement of Financial Position 9

Statement of Cash Flows 11

Notes to the Statement of Cash Flows 12

Notes to the Financial Statements 13


Jebentus Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: J D J Armstrong





SECRETARY: C & A Company Secretarial Services Limited





REGISTERED OFFICE: St Johns House
16 Church Street
Bromsgrove
Worcestershire
B61 8DN





REGISTERED NUMBER: 05734692 (England and Wales)





AUDITORS: Clay GBP Audit Limited
St Johns House
16 Church Street
Bromsgrove
Worcestershire
B61 8DN

Jebentus Limited (Registered number: 05734692)

Strategic Report
for the Year Ended 31 May 2024


The director presents his strategic report for the year ended 31 May 2024.

KEY PERFORMANCE INDICATORS AND REVIEW OF BUSINESS
The director considers that the results for the year and the financial position at the end of the year were satisfactory.

The main activities of the company remain the same, that of motion picture and television programme production.

Trading performance was broadly in line with budgetary expectations.

The key performance indicators for the company are: turnover, operating profit, operating profit as % of turnover and net current assets.

Sales have decreased compared to the previous year, with total turnover for the year being £7,615,587 (year ended 31 May 2023 - £10,722,962). The gross margin position remains satisfactory at £6,856,191 (year ended 31 May 2023 - £9,654,107) or 90.0% (year ended 31 May 2023 - 90.0%).

Operating profit has decreased compared to the previous year to £7,067,276 (year ended 31 May 2023 - £9,016,575). Operating profit as % of turnover has increased compared to the previous year to 92.8% (year ended 31 May 2023 - 84.1%) and profit before tax and dividends has decreased compared to the previous year to £7,677,512 (year ended 31 May 2023 - £9,188,918). Net assets have increased compared to the previous year to £15,484,534 (year ended 31 May 2023 - £12,990,285).

PRINCIPAL RISKS AND UNCERTAINTIES
There will continue to be risks and uncertainties in the market and the director is aware that any plans for future strategic development of the business may be subject to unforeseen future events outside of the company's control.

ON BEHALF OF THE BOARD:





J D J Armstrong - Director


27 January 2025

Jebentus Limited (Registered number: 05734692)

Report of the Director
for the Year Ended 31 May 2024


The director presents his report with the financial statements of the company for the year ended 31 May 2024.

DIVIDENDS
An interim dividend of £500,000 per share was paid on 31 December 2023. The director recommends that no final dividend be paid.

The total distribution of dividends for the year ended 31 May 2024 will be £ 1,000,000 .

DIRECTOR
J D J Armstrong held office during the whole of the period from 1 June 2023 to the date of this report.

FINANCIAL INSTRUMENTS
Price risk
The risk that increasing prices will affect profitability adversely and have a negative impact on the business. All of the business activities focus on controlling costs to ensure they remain competitive.

Credit risk
The risk of financial loss arising from borrowers failing to meet their financial obligations to the company. The company mitigates credit risk by assessing customer credit facilities under stressed conditions. Robust credit control processes are in place and credit is monitored on a daily basis.

Liquidity risk
The risk that the company is not able to meet its financial obligations as they fall due, or can do so only at excessive cost. To protect the company, liquidity is actively monitored to ensure there are sufficient liquid assets to meet obligations

MEDIUM-SIZED COMPANIES EXEMPTION
This report has been prepared in accordance with the provisions applicable to companies entitled to the medium sized companies exemption.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Jebentus Limited (Registered number: 05734692)

Report of the Director
for the Year Ended 31 May 2024


AUDITORS
Clay GBP Audit Limited were appointed as auditor to the company and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a General Meeting.

ON BEHALF OF THE BOARD:





J D J Armstrong - Director


27 January 2025

Report of the Independent Auditors to the Members of
Jebentus Limited


Opinion
We have audited the financial statements of Jebentus Limited (the 'company') for the year ended 31 May 2024 which comprise the statement of income and retained earnings, the statement of financial position, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 May 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit:
- the information given in the strategic report and the director's report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the strategic report and the director's report have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Jebentus Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the director's report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the director's responsibilities statement, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

We obtained an understanding of the legal and regulatory frameworks within which the Company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006, employment law and health & safety regulations compliance.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be in the following areas: the override of controls by management, revenue journals, inappropriate treatment of non-routine transactions and areas of estimation uncertainty. Our audit procedures to respond to these risks included enquiries of management about their own identification and assessment of the risks of irregularities, review and discussion of non-routine transactions, sample testing on the posting of journals and review of accounting estimates for biases.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

These inherent limitations are particularly significant in the case of misstatement resulting from fraud as this may involve sophisticated schemes designed to avoid detection, including deliberate failure to record transactions, collusion or the provision of intentional misrepresentations.

A further description of our responsibilities is available on the Financial Reporting Council's website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Report of the Independent Auditors to the Members of
Jebentus Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Robert Kempson ACA (Statutory Auditor)
for and on behalf of Clay GBP Audit Limited
St Johns House
16 Church Street
Bromsgrove
Worcestershire
B61 8DN

28 January 2025

Jebentus Limited (Registered number: 05734692)

Statement of Income and Retained Earnings
for the Year Ended 31 May 2024

2024 2023
as restated
Notes £    £    £    £   

TURNOVER 7,615,587 10,722,962

Cost of sales 759,396 1,068,855
GROSS PROFIT 6,856,191 9,654,107

Administrative expenses 412,281 548,236
6,443,910 9,105,871

Other income and expenses 623,366 (89,296 )
OPERATING PROFIT 6 7,067,276 9,016,575

Income from fixed asset investments 64,722 82,442
Interest receivable and similar income 545,539 90,652
610,261 173,094
7,677,537 9,189,669

Interest payable and similar expenses 7 25 751
PROFIT BEFORE TAXATION 7,677,512 9,188,918

Tax on profit 8 1,915,351 1,830,389
PROFIT FOR THE FINANCIAL YEAR 5,762,161 7,358,529

Retained earnings at beginning of year 21,658,859 15,300,330

Dividends 9 (1,000,000 ) (1,000,000 )

RETAINED EARNINGS AT END OF YEAR 26,421,020 21,658,859

Jebentus Limited (Registered number: 05734692)

Statement of Financial Position
31 May 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 11 1,215 1,620
Investments 12 11,098,471 8,666,956
11,099,686 8,668,576

CURRENT ASSETS
Debtors 13 360,149 83,795
Cash at bank 15,974,134 14,177,798
16,334,283 14,261,593
CREDITORS
Amounts falling due within one year 14 849,749 1,271,308
NET CURRENT ASSETS 15,484,534 12,990,285
TOTAL ASSETS LESS CURRENT LIABILITIES 26,584,220 21,658,861

PROVISIONS FOR LIABILITIES 15 163,198 -
NET ASSETS 26,421,022 21,658,861

CAPITAL AND RESERVES
Called up share capital 16 2 2
Retained earnings 17 26,421,020 21,658,859
SHAREHOLDERS' FUNDS 26,421,022 21,658,861

Jebentus Limited (Registered number: 05734692)

Statement of Financial Position - continued
31 May 2024



The financial statements were approved by the director and authorised for issue on 27 January 2025 and were signed by:





J D J Armstrong - Director


Jebentus Limited (Registered number: 05734692)

Statement of Cash Flows
for the Year Ended 31 May 2024

2024 2023
as restated
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 6,124,256 9,225,309
Interest paid (25 ) -
Tax paid (1,770,000 ) (1,387,903 )
Net cash from operating activities 4,354,231 7,837,406

Cash flows from investing activities
Purchase of fixed asset investments (1,700,000 ) (1,950,000 )
Interest received 402,400 -
Net cash from investing activities (1,297,600 ) (1,950,000 )

Cash flows from financing activities
Amount introduced by directors 12,260 596,514
Amount withdrawn by directors (1,272,555 ) (1,605,225 )
Net cash from financing activities (1,260,295 ) (1,008,711 )

Increase in cash and cash equivalents 1,796,336 4,878,695
Cash and cash equivalents at beginning of year 2 14,177,798 9,299,103

Cash and cash equivalents at end of year 2 15,974,134 14,177,798

Jebentus Limited (Registered number: 05734692)

Notes to the Statement of Cash Flows
for the Year Ended 31 May 2024


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS
2024 2023
as restated
£    £   
Profit before taxation 7,677,512 9,188,918
Depreciation charges 405 540
Other Interest 3,423 73,092
CA Fees 92,214 63,204
Fair Value Movement (623,366 ) 89,296
Finance costs 25 751
Finance income (610,261 ) (173,094 )
6,539,952 9,242,707
Increase in trade and other debtors (9,798 ) (1,822 )
Decrease in trade and other creditors (405,898 ) (15,576 )
Cash generated from operations 6,124,256 9,225,309

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 May 2024
31/5/24 1/6/23
£    £   
Cash and cash equivalents 15,974,134 14,177,798
Year ended 31 May 2023
31/5/23 1/6/22
as restated
£    £   
Cash and cash equivalents 14,177,798 9,299,103


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1/6/23 Cash flow At 31/5/24
£    £    £   
Net cash
Cash at bank 14,177,798 1,796,336 15,974,134
14,177,798 1,796,336 15,974,134
Total 14,177,798 1,796,336 15,974,134

Jebentus Limited (Registered number: 05734692)

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


1. STATUTORY INFORMATION

Jebentus 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.

2. STATEMENT OF COMPLIANCE

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" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets. The financial statements are prepared in sterling, which is the functional currency of the entity.

Preparation of consolidated financial statements
The financial statements contain information about Jebentus Limited as an individual company and do not
contain consolidated financial information as the parent of a group. The company is exempt under Section 405 of the Companies Act 2006 from the requirements to prepare consolidated financial statements on the basis its inclusion is not material for the purposes of giving a true and fair view.

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

Revenue is recognised on the provision of services. Where not all services have been rendered, revenue is recognised based upon the period lapsed compared with total period of the project.

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

Jebentus Limited (Registered number: 05734692)

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


3. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of a company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as an interest expense in the income statement.

Financial assets and liabilities
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs).

Trade debtors
Trade debtors are recognised initially at transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivable.

Trade creditors
Trade creditors 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 amounts falling due after more than one year.

Equity instruments
Equity instruments are measured at the fair value of the cash or other resources transferred or transferrable, net of the direct costs of issuing or receiving the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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.

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

Jebentus Limited (Registered number: 05734692)

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


3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Listed and unlisted investments
Listed and unlisted investments are measured at market value.

Investments in Subsidiaries
Investments in subsidiary undertakings are measured at cost less impairments.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost less their residual values over the useful lives on the following bases:
- Fixtures, fittings and equipment: 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss

Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Going concern
At the time of approving the financial statements, the Director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the Director continues to adopt the going concern basis of accounting in preparing the financial statements.

4. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the Company's accounting policies, which are described in note 1, the director is required to make judgements, estimates and assumptions about the carrying amounts of assets abd liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experiences and other factors that are considered to be relevant. Actual results may differ from these estimates.

Revenue recognition
The company is party to several contracts where the provision of services is performed by an indeterminate number of acts over a specified period of time. The director has determined that it is appropriate to recognise income from these contracts on a straight-line basis over the period of the contract.

5. EMPLOYEES AND DIRECTORS
2024 2023
as restated
£    £   
Wages and salaries 12,000 12,000
Social security costs 400 757
Other pension costs 39,600 38,100
52,000 50,857

Jebentus Limited (Registered number: 05734692)

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


5. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
2024 2023
as restated

Director 1 1

2024 2023
as restated
£    £   
Director's remuneration 34,500 14,430

6. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
as restated
£    £   
Depreciation - owned assets 405 540
Auditors' remuneration 9,950 9,500
Foreign exchange differences 163,112 372,952
Fair value movement (623,366 ) 89,296

7. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
as restated
£    £   
Interest payable 25 751

8. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
as restated
£    £   
Current tax:
UK corporation tax 1,752,153 1,829,942
Adjustment re Prior years - 447
Total current tax 1,752,153 1,830,389

Deferred tax 163,198 -
Tax on profit 1,915,351 1,830,389

Jebentus Limited (Registered number: 05734692)

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


8. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
as restated
£    £   
Profit before tax 7,677,512 9,188,918
Profit multiplied by the standard rate of corporation tax in the UK of 25% (2023 -
25%)

1,919,378

2,297,230

Effects of:
Expenses not deductible for tax purposes 184 27,493
Income not taxable for tax purposes (167,065 ) (37,609 )
Change in UK tax rate - (456,725 )
Deferred tax 163,198 -
Group loss relief (344 ) -
Total tax charge 1,915,351 1,830,389

9. DIVIDENDS
2024 2023
as restated
£    £   
Ordinary shares of £1 each
Interim 1,000,000 1,000,000

10. PRIOR YEAR ADJUSTMENT

Corresponding amounts
The director has re-analysed certain corresponding amounts within the balance sheet to make their disclosure more meaningful.

11. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 June 2023
and 31 May 2024 33,906
DEPRECIATION
At 1 June 2023 32,286
Charge for year 405
At 31 May 2024 32,691
NET BOOK VALUE
At 31 May 2024 1,215
At 31 May 2023 1,620

Jebentus Limited (Registered number: 05734692)

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


12. FIXED ASSET INVESTMENTS
Shares in
group Listed Unlisted
undertakings investments investments Totals
£    £    £    £   
COST OR VALUATION
At 1 June 2023 100 8,537,550 129,306 8,666,956
Additions - 7,064,088 - 7,064,088
Disposals - (5,252,516 ) - (5,252,516 )
Fair value movement - 639,813 (19,870 ) 619,943
At 31 May 2024 100 10,988,935 109,436 11,098,471
NET BOOK VALUE
At 31 May 2024 100 10,988,935 109,436 11,098,471
At 31 May 2023 100 8,537,550 129,306 8,666,956

Cost or valuation at 31 May 2024 is represented by:

Shares in
group Listed Unlisted
undertakings investments investments Totals
£    £    £    £   
Valuation in 2024 100 10,988,935 109,436 11,098,471

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

Dry Riser Productions Ltd
Registered office: St Johns House, 16 Church Street, Bromsgrove, Worcestershire, United Kingdom, B61 8DN
Nature of business: Motion picture productions
%
Class of shares: holding
Ordinary 100.00



13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 4,140 3,943
Amounts owed by group undertakings 72,106 62,533
Other debtors 4,987 4,957
Directors' current accounts 275,862 12,362
VAT 3,054 -
360,149 83,795

Jebentus Limited (Registered number: 05734692)

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


14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade creditors 2,358 540
Tax 830,431 849,146
VAT - 409,122
Accruals and deferred income 16,960 12,500
849,749 1,271,308

15. PROVISIONS FOR LIABILITIES
2024 2023
as restated
£    £   
Deferred tax 163,198 -

Deferred
tax
£   
Provided during year 163,198
Balance at 31 May 2024 163,198

16. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: as restated
£    £   
2 Ordinary £1 2 2

17. RESERVES
Retained
earnings
£   

At 1 June 2023 21,658,859
Profit for the year 5,762,161
Dividends (1,000,000 )
At 31 May 2024 26,421,020

Jebentus Limited (Registered number: 05734692)

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


18. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
as restated
£    £   
J D J Armstrong
Balance outstanding at start of year 12,361 -
Amounts advanced 679,955 1,077,314
Amounts repaid (416,454 ) (1,064,953 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 275,862 12,361

The above represents the highest balance during the year. Interest is charged on advances to the director at the HMRC approved rate of interest. The loan was provided with no fixed repayment terms and no security.

There is a fixed charge on a deposit of £1,000,000 included within cash at bank figure, relating to a guarantee on behalf of the director.

19. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption conferred within FRS102 section 33.1A not to disclose transactions between wholly owned members of the same group.