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REGISTERED NUMBER: 09175015 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

JLC (UK) SG LIMITED

JLC (UK) SG LIMITED (Registered number: 09175015)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


JLC (UK) SG LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTORS: C F Evans
J De Jong





SECRETARY: S James





REGISTERED OFFICE: Unit 14
Old Park Farm
Main Road
Chelmsford
Essex
CM3 1LN





REGISTERED NUMBER: 09175015 (England and Wales)






JLC (UK) SG LIMITED (Registered number: 09175015)

Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £   
CURRENT ASSETS
Debtors 4 49,292 36,280
Cash at bank 310,645 282,790
359,937 319,070
CREDITORS
Amounts falling due within one year 5 325,012 317,893
NET CURRENT ASSETS 34,925 1,177
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,925

1,177

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 34,825 1,077
34,925 1,177

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2025 and were signed on its behalf by:





C F Evans - Director


JLC (UK) SG LIMITED (Registered number: 09175015)

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

1. STATUTORY INFORMATION

JLC (UK) SG 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention. In accordance with FRS 102, the Company has taken advantage of the exemptions from the following disclosure requirements;

- Section 26 'Share based Payment'
- Section 11 'Basic Financial Instruments' & Section 12 'Other Financial Instrument Issues'
- Section 7 'Statement of Cash Flows'
- Section 33 'Related Party Disclosures' - Compensation for key management personnel

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments
The Company has elected to apply the provisions of Sections 11 and 12 of FRS 102, in full, to all of its financial instruments.

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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
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.

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.

JLC (UK) SG LIMITED (Registered number: 09175015)

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

2. ACCOUNTING POLICIES - continued

Going concern
Management produces forecasts which are regularly reviewed to reflect the current economic environment, the effects of the ongoing war in Ukraine and its impact on the global economy, together with other macro events and factors which include the wider geopolitical issues

These forecasts are then reviewed by the directors to ensure that the Company will produce adequate profits and will generate sufficient cash reserves to enable the Company to meet its obligations as they fall due for at least a period of 12 months from the date of signing of these financial statements.

As such, the directors are satisfied that the Company has adequate resources to continue to operate for the foreseeable future. For this reason they continue to adopt the going concern basis for preparing these financial statements

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 88 (2023 - 35 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 20,504 25,623
Other debtors 28,788 10,657
49,292 36,280

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 5,530 7,587
Amounts owed to associates 21,084 32,602
Taxation and social security 260,859 242,103
Other creditors 37,539 35,601
325,012 317,893

6. RELATED PARTY DISCLOSURES

The Directors of this Company are also Directors of another Company, Hamilton Hotel Partners Limited which trades in similar activities and has a trading relationship with this Company.

Hamilton Hotel Partners Limited owns 50 Ordinary shares of £1 each in this Company.

The value of the services charged to the Company by Hamilton Hotel Partners Limited in the accounting period amounted to £74,000 (2023: £126,000). This includes £11,584 which was due at the Balance Sheet date.

Costes Etudes Et Projets SAS owns 50 Ordinary shares of £1 each in this Company.

The value of the services charged to the Company by Costes Etudes Et Projets SAS in the accounting period amounted to £74,000 (2023: £126,000). This includes £9,500 which was due at the Balance Sheet date.