Silverfin false false 31/08/2024 01/09/2023 31/08/2024 J L Bradford 11/08/2021 23 February 2025 The principal activity of the Company during the financial period was that of a holding company. 13561454 2024-08-31 13561454 bus:Director1 2024-08-31 13561454 2023-08-31 13561454 core:CurrentFinancialInstruments 2024-08-31 13561454 core:CurrentFinancialInstruments 2023-08-31 13561454 core:ShareCapital 2024-08-31 13561454 core:ShareCapital 2023-08-31 13561454 core:RetainedEarningsAccumulatedLosses 2024-08-31 13561454 core:RetainedEarningsAccumulatedLosses 2023-08-31 13561454 core:CostValuation 2023-08-31 13561454 core:CostValuation 2024-08-31 13561454 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2024-08-31 13561454 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2023-08-31 13561454 bus:OrdinaryShareClass1 2024-08-31 13561454 2023-09-01 2024-08-31 13561454 bus:FilletedAccounts 2023-09-01 2024-08-31 13561454 bus:SmallEntities 2023-09-01 2024-08-31 13561454 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 13561454 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 13561454 bus:Director1 2023-09-01 2024-08-31 13561454 2022-09-01 2023-08-31 13561454 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 13561454 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13561454 (England and Wales)

J1 GROUP LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

J1 GROUP LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

J1 GROUP LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 August 2024
J1 GROUP LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 1 1
1 1
Current assets
Debtors 4 392,553 464,884
Cash at bank and in hand 10,887 942
403,440 465,826
Creditors: amounts falling due within one year 5 ( 946) ( 1,000)
Net current assets 402,494 464,826
Total assets less current liabilities 402,495 464,827
Net assets 402,495 464,827
Capital and reserves
Called-up share capital 6 1 1
Profit and loss account 402,494 464,826
Total shareholder's funds 402,495 464,827

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of J1 Group Limited (registered number: 13561454) were approved and authorised for issue by the Director. They were signed on its behalf by:

J L Bradford
Director

23 February 2025

J1 GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
J1 GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

J1 Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably).

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. 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 the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, 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 receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and 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.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including the director 1 1

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 September 2023 1
At 31 August 2024 1
Carrying value at 31 August 2024 1
Carrying value at 31 August 2023 1

4. Debtors

2024 2023
£ £
Amounts owed by own subsidiaries 392,552 465,689
Other debtors 1 ( 805)
392,553 464,884

Amounts owed by group undertakings are repayable on demand and do not bear interest.

5. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 946 1,000

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

7. Related party transactions

Amounts owed from group undertakings are unsecured, interest-free, have no fixed date of payment and are payable on demand.

The company has taken advantage of the exemption conferred by FRS 102 section 33.1A from the requirement to disclose transactions with other wholly owned group undertakings.