Company registration number 12430112 (England and Wales)
JASO HOLDINGS LTD
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
JASO HOLDINGS LTD
COMPANY INFORMATION
Directors
Mr J Swabey
Mr A L Siavoshian
Mr O L Bradbeer-Dubery
Company number
12430112
Registered office
c/o Jupps Limited
3 West Buildings
Worthing
West Sussex
BN11 3BS
Auditor
Sumer Audit
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1RL
JASO HOLDINGS LTD
CONTENTS
Page
Strategic report
1
Directors' report
2
Directors' responsibilities statement
3
Independent auditor's report
4 - 6
Statement of comprehensive income
7
Balance sheet
8
Statement of changes in equity
9
Notes to the financial statements
10 - 16
JASO HOLDINGS LTD
STRATEGIC REPORT
FOR THE YEAR ENDED 30 JUNE 2024
The directors present the strategic report for the year ended 30 June 2024.
Review of the business
The company acts as a holding company to Williams and Hill Group Limited and indirectly to the subsidiaries within the Williams and Hill Group Limited.
The group's primary activity is to provide professional freight logistics in the fine art market.
Principal risks and uncertainties
The principal risk to which the company is expose to is the occurrence of events that would result in an impairment to the value of its investment in Williams and Hill Group Limited and this is ultimately reliant on the performance of the subsidiaries held within the Williams and Hill Group Limited.
Key performance indicators
The company acts as an intermediate holding company for the Group and as such the directors do not consider there to be any key performance indicators for the company. Key performance indicators are monitored at the Group level and are disclosed in the consolidated financial statements of JAO Investments Ltd.
Mr O L Bradbeer-Dubery
Director
6 February 2025
- 1 -
JASO HOLDINGS LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 JUNE 2024
The directors present their annual report and financial statements for the year ended 30 June 2024.
Principal activities
The principal activity of the company continued to be that of activities of other holding companies not elsewhere classified.
Results and dividends
The results for the year are set out on page 7.
Ordinary dividends were paid amounting to £851,752. The directors do not recommend payment of a final dividend.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Mr J Swabey
Mr A L Siavoshian
Mr S P Leakey
(Resigned 30 September 2023)
Mr O L Bradbeer-Dubery
Auditor
Sumer Audit 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.
Statement of disclosure to auditor
So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.
Medium-sized companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.
On behalf of the board
Mr O L Bradbeer-Dubery
Director
6 February 2025
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JASO HOLDINGS LTD
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 30 JUNE 2024
The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have 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 directors must not approve the financial statements unless they are 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 directors are required to:
select suitable accounting policies and then apply them consistently;
make judgements and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are 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 them to ensure that the financial statements comply with the Companies Act 2006. They are 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.
- 3 -
JASO HOLDINGS LTD
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF JASO HOLDINGS LTD
Opinion
- 4 -
We have audited the financial statements of Jaso Holdings Ltd (the 'company') for the year ended 30 June 2024 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity 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 30 June 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.
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 directors' 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 directors with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are 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 directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.
JASO HOLDINGS LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF JASO HOLDINGS LTD
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 directors' report.
We have nothing to report in respect of the following matters in relation to which 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 remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.
Responsibilities of directors
As explained more fully in the directors' responsibilities statement, the directors are 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 directors determine 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 directors are 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 directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor's 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.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:
Obtaining an understanding of the legal and regulatory framework that the company operates in, focusing on those laws and regulations that had a direct effect on the financial statements and operations;
Obtaining an understanding of the company’s policies and procedures on fraud risks, including knowledge of any actual, suspected or alleged fraud
Discussing among the engagement team how and where fraud might occur in the financial statements and any potential indicators of fraud through our knowledge and understanding of the company and our sector-specific experience.
As a result of these procedures, we considered the opportunities and incentives that may exist within the company for fraud. We are also required to perform specific procedures to respond to the risk of management override. As a result of performing the above, we identified the following areas as those most likely to have an impact on the financial statements: health & safety, employment law and compliance with the UK Companies Act.
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JASO HOLDINGS LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF JASO HOLDINGS LTD
In addition to the above, our procedures to respond to risks identified included the following:
Making enquiries of management about any known or suspected instances of non-compliance with laws and regulations and fraud;
Reviewing minutes of meetings of the board and senior management.
Challenging assumptions and judgements made by management in their significant accounting estimates, in particular in relation to stock provisions, warranty provisions and depreciation; and
Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness.
Due to the inherent limitations of an audit, there is an unavoidable risk that some material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK). For instance, the further removed non-compliance is from the events and transactions reflected in the financial statements, the less likely the auditor is to become aware of it or to recognise the non-compliance.
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.
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.
Christopher Reeves ACA FCCA (Senior Statutory Auditor)
For and on behalf of Sumer Audit
6 February 2025
Chartered Accountants
Statutory Auditor
Worthing
Sumer Audit is the trading name of Sumer Auditco Limited
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JASO HOLDINGS LTD
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 JUNE 2024
2024
2023
Notes
£
£
Turnover
-
-
Administrative expenses
(5,886)
(32)
Operating loss
3
(5,886)
(32)
Interest receivable and similar income
5
864,311
790,734
Profit before taxation
858,425
790,702
Tax on profit
6
Profit for the financial year
858,425
790,702
The profit and loss account has been prepared on the basis that all operations are continuing operations.
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JASO HOLDINGS LTD
BALANCE SHEET
2024
2023
as restated
Notes
£
£
£
£
Fixed assets
Investments
8
11,485,158
11,474,809
Current assets
Debtors
10
273,651
401
Cash at bank and in hand
266
273,651
667
Creditors: amounts falling due within one year
11
(11,744,621)
(11,467,961)
Net current liabilities
(11,470,970)
(11,467,294)
Net assets
14,188
7,515
Capital and reserves
Called up share capital
12
86
86
Profit and loss reserves
14,102
7,429
Total equity
14,188
7,515
These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.
The financial statements were approved by the board of directors and authorised for issue on 6 February 2025 and are signed on its behalf by:
Mr O L Bradbeer-Dubery
Director
Company registration number 12430112 (England and Wales)
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JASO HOLDINGS LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 July 2022
86
86
Year ended 30 June 2023:
Profit and total comprehensive income
-
790,702
790,702
Dividends
7
-
(783,273)
(783,273)
Balance at 30 June 2023
86
7,429
7,515
Year ended 30 June 2024:
Profit and total comprehensive income
-
858,425
858,425
Dividends
7
-
(851,752)
(851,752)
Balance at 30 June 2024
86
14,102
14,188
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JASO HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
Company information
Jaso Holdings Ltd is a private company limited by shares incorporated in England and Wales. The registered office is c/o Jupps Limited, 3 West Buildings, Worthing, West Sussex, BN11 3BS.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:
The financial statements of the company are consolidated in the financial statements of JAO Investments Ltd. These consolidated financial statements are available from its registered office, Amelia House, Crescent Road, Worth, West Sussex, BN11 1QR.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have considered relevant information, including the group's principal risks and uncertainties, the annual budget, forecast future cash flows and the impact of subsequent events in making their assessment. Based on these assessments and having regard to the resources available to the entity, the directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and financial statements.
1.3
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
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JASO HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
Artwork investments have been measured at cost less impairment. A prior year restatement has been raised to reclassify the artwork previously included within tangible fixed assets.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Financial instruments
- 11 -
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.
Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, 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. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
JASO HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
Derecognition of financial assets
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Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised 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 a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Other financial liabilities
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.
Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
JASO HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
1.7
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.8
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Operating loss
2024
2023
Operating loss for the year is stated after charging:
£
£
Fees payable to the company's auditor for the audit of the company's financial statements
5,448
4
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Directors
3
4
Total
3
4
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JASO HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
5
Interest receivable and similar income
2024
2023
£
£
Income from fixed asset investments
Income from shares in group undertakings
864,311
790,734
6
Taxation
The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:
2024
2023
£
£
Profit before taxation
858,425
790,702
Expected tax charge based on the standard rate of corporation tax in the UK of 19.00% (2023: 19.00%)
163,101
150,233
Unutilised tax losses carried forward
6
Group relief
1,118
Dividend income
(164,219)
(150,239)
Taxation charge for the year
-
-
7
Dividends
2024
2023
£
£
Interim paid
851,752
783,273
8
Fixed asset investments
2024
2023
As restated
Notes
£
£
Investments in subsidiaries
9
11,465,608
11,465,608
Artwork
19,550
9,201
11,485,158
11,474,809
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JASO HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
8
Fixed asset investments
(Continued)
Movements in fixed asset investments
Shares in subsidiaries
Artwork
Total
As restated
£
£
£
Cost or valuation
At 1 July 2023
11,465,608
9,201
11,474,809
Additions
-
10,349
10,349
At 30 June 2024
11,465,608
19,550
11,485,158
Carrying amount
At 30 June 2024
11,465,608
19,550
11,485,158
At 30 June 2023
11,465,608
9,201
11,474,809
During the preparation of the accounts, the directors identified that artwork purchased in the comparative year had been incorrectly classified as tangible fixed assets. As a result, tangible fixed assets have been reduced by £9,201, and this amount has been reclassified as investments. As no depreciation was charged in the comparative period, this adjustment has had no impact on retained earnings or net assets reported in the prior year.
The directors believe that the market value of the artwork is not materially different from its current book value.
9
Subsidiaries
Details of the company's subsidiaries at 30 June 2024 are as follows:
Name of undertaking
Address
Class of
% Held
shares held
Direct
Indirect
Williams and Hill Group Limited
1)
Ordinary
70.00
-
Williams and Hill Forwarding Limited
1)
Ordinary
0
100.00
Williams and Hill Storage & Distribution Limited
1)
Ordinary
0
100.00
Williams and Hill USA Limited
2)
Ordinary
0
100.00
Casemaker (Heathrow) Limited
3)
Ordinary
0
100.00
Registered office addresses (all UK unless otherwise indicated):
1)
Unit 9 Space Waye, Feltham, Middlesex, TW14 0TH
2)
47-14 32nd Place, Long Island City, NY 11101, USA
3)
Unit 2 Space Waye, Feltham, Middlesex, TW14 0TH
10
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
273,651
401
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JASO HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
11
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
11,739,173
11,465,923
Other creditors
2,038
Accruals and deferred income
5,448
11,744,621
11,467,961
12
Share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of 1p each
8,103
8,103
75
81
Ordinary B shares of 1p each
518
518
11
5
8,621
8,621
86
86
Ordinary A shares have full voting and capital distribution (including on winding-up) rights. The shares are a separate class of share for the payment of dividends. They do not confer any rights of redemption.
Ordinary B shares have full voting and capital distribution (including on winding-up) rights. The shares are a separate class of share for the payment of dividends. They do not confer any rights of redemption.
13
Related party transactions
During the year the company made purchases of £864 (£106 - 2023) from Williams and Hill Forwarding Limited. It is a related party as it is a subsidiary of Williams and Hill Group Limited which is under 70% ownership of Jaso Holdings Limited.
14
Ultimate controlling party
The ultimate parent company is JAO Investments Ltd, a company registered in England. The registered office is Amelia House, Crescent Road, Worthing, England, BN11 1QR.
The financial statements of the company are consolidated in the financial statements of JAO Investments Ltd. Copies of the consolidated financial statements are available from Companies House.
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2024-06-302023-07-01falseCCH SoftwareCCH Accounts Production 2024.200Mr J SwabeyMr A L SiavoshianMr S P LeakeyMr O L Bradbeer-Duberyfalsefalse124301122023-07-012024-06-3012430112bus:Director12023-07-012024-06-3012430112bus:Director22023-07-012024-06-3012430112bus:Director42023-07-012024-06-3012430112bus:Director32023-07-012024-06-3012430112bus:RegisteredOffice2023-07-012024-06-30124301122024-06-30124301122022-07-012023-06-3012430112core:RetainedEarningsAccumulatedLosses2022-07-012023-06-3012430112core:RetainedEarningsAccumulatedLosses2023-07-012024-06-30124301122023-06-3012430112core:CurrentFinancialInstrumentscore:WithinOneYear2024-06-3012430112core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3012430112core:CurrentFinancialInstruments2024-06-3012430112core:CurrentFinancialInstruments2023-06-3012430112core:ShareCapital2024-06-3012430112core:ShareCapital2023-06-3012430112core:RetainedEarningsAccumulatedLosses2024-06-3012430112core:RetainedEarningsAccumulatedLosses2023-06-3012430112core:ShareCapital2022-06-3012430112core:RetainedEarningsAccumulatedLosses2022-06-30124301122022-06-3012430112core:ShareCapitalOrdinaryShares2024-06-3012430112core:ShareCapitalOrdinaryShares2023-06-3012430112bus:PrivateLimitedCompanyLtd2023-07-012024-06-3012430112core:UKTax2023-07-012024-06-3012430112core:UKTax2022-07-012023-06-3012430112core:Non-currentFinancialInstruments2024-06-3012430112core:Non-currentFinancialInstruments2023-06-3012430112core:AdditionsToInvestments2023-06-3012430112core:Subsidiary12023-07-012024-06-3012430112core:Subsidiary22023-07-012024-06-3012430112core:Subsidiary32023-07-012024-06-3012430112core:Subsidiary42023-07-012024-06-3012430112core:Subsidiary52023-07-012024-06-3012430112core:Subsidiary112023-07-012024-06-3012430112core:Subsidiary212023-07-012024-06-3012430112core:Subsidiary312023-07-012024-06-3012430112core:Subsidiary412023-07-012024-06-3012430112core:Subsidiary512023-07-012024-06-3012430112bus:OrdinaryShareClass12023-07-012024-06-3012430112bus:OrdinaryShareClass22023-07-012024-06-3012430112core:Subsidiary22023-07-012024-06-3012430112core:Subsidiary22022-07-012023-06-3012430112bus:FRS1022023-07-012024-06-3012430112bus:Audited2023-07-012024-06-3012430112bus:FullAccounts2023-07-012024-06-30xbrli:purexbrli:sharesiso4217:GBP