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Jennerco Limited

Annual Report and Unaudited Financial Statements
Year Ended 30 April 2024

Registration number: 12332793

 

Jennerco Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Jennerco Limited

Balance Sheet

30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

6,100,000

6,100,000

Creditors: Amounts falling due within one year

6

-

(9,591)

Total assets less current liabilities

 

6,100,000

6,090,409

Creditors: Amounts falling due after more than one year

6

-

(967,230)

Net assets

 

6,100,000

5,123,179

Capital and reserves

 

Called up share capital

8

450,000

450,000

Capital redemption reserve

5,080,000

3,988,000

Profit and loss account

570,000

685,179

Shareholders' funds

 

6,100,000

5,123,179

For the financial 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.

Directors' 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 directors acknowledge their 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 and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 31 January 2025 and signed on its behalf by:
 

.........................................
R J Davey
Director

Company Registration Number: 12332793

 

Jennerco Limited

Notes to the Unaudited Financial Statements

Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 9, Estuary Court
Broadmeadow
Teignmouth
TQ14 9FA

These financial statements were authorised for issue by the Board on 31 January 2025.

2

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.

Group accounts not prepared

The company is small and is not required to prepare group accounts.

Investments

Investments in subsidiaries are measured at cost less impairment.

 

Jennerco Limited

Notes to the Unaudited Financial Statements

Year Ended 30 April 2024

Financial instruments

Classification
The company holds the following financial instruments:

• Short term creditors.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.


 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Investments

2024
£

2023
£

Investments in subsidiaries

6,100,000

6,100,000

Subsidiaries

£

Cost or valuation

At 1 May 2023

8,100,000

Provision

At 1 May 2023

2,000,000

Carrying amount

At 30 April 2024

6,100,000

At 30 April 2023

6,100,000

 

Jennerco Limited

Notes to the Unaudited Financial Statements

Year Ended 30 April 2024

5

Debtors

2024
£

2023
£

-

-

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

-

9,591

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

-

967,230

7

Loans and borrowings

2024
£

2023
£

Loans and borrowings due after one year

Redeemable preference shares

-

967,230

 

Jennerco Limited

Notes to the Unaudited Financial Statements

Year Ended 30 April 2024

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary "A" shares of £1 each

382,500

382,500

382,500

382,500

Ordinary "B" shares of £1 each

22,500

22,500

22,500

22,500

Ordinary "C" shares of £1 each

45,000

45,000

45,000

45,000

Preference shares of £1 each

-

-

1,092,000

1,092,000

450,000

450,000

1,542,000

1,542,000