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REGISTERED NUMBER: SC665357 (Scotland)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

JSN HOLDINGS LTD

JSN HOLDINGS LTD (REGISTERED NUMBER: SC665357)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JSN HOLDINGS LTD

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Dr S S Nandhra
Dr J Nandhra





REGISTERED OFFICE: 36 London Street
Midlothian
Edinburgh
EH3 6NA





REGISTERED NUMBER: SC665357 (Scotland)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

JSN HOLDINGS LTD (REGISTERED NUMBER: SC665357)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 6,171,528 6,171,528

CURRENT ASSETS
Debtors 5 - 626,399
Cash at bank and in hand 2,615,802 2,186,032
2,615,802 2,812,431
CREDITORS
Amounts falling due within one year 6 454,873 444,304
NET CURRENT ASSETS 2,160,929 2,368,127
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,332,457

8,539,655

CREDITORS
Amounts falling due after more than one
year

7

2,307,214

2,638,849
NET ASSETS 6,025,243 5,900,806

CAPITAL AND RESERVES
Called up share capital 120 120
Equity transactions with NCI 4,581,207 4,581,207
Retained earnings 1,443,916 1,319,479
6,025,243 5,900,806

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 10 March 2025 and were signed on its behalf by:





Dr J Nandhra - Director


JSN HOLDINGS LTD (REGISTERED NUMBER: SC665357)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

JSN Holdings Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies, the director is 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. There are no significant judgements or estimates involved in the preparation of the financial statements.

Financial instruments
Basic financial assets and liabilities, which include debtors, creditors, 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.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

JSN HOLDINGS LTD (REGISTERED NUMBER: SC665357)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 6,171,528
NET BOOK VALUE
At 31 March 2024 6,171,528
At 31 March 2023 6,171,528

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 626,399

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 438,305 438,304
Other creditors 16,568 6,000
454,873 444,304

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 2,307,214 2,638,849

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 2,745,519 3,077,153

Loans are secured by way of floating charge covers all the property or undertaking of the company and it contains negative pledge.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Dr S S Nandhra
Balance outstanding at start of year 313,200 165,274
Amounts advanced 327,934 557,394
Amounts repaid (641,134 ) (409,468 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 313,200

JSN HOLDINGS LTD (REGISTERED NUMBER: SC665357)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Dr J Nandhra
Balance outstanding at start of year 313,200 239,822
Amounts advanced 87,717 573,182
Amounts repaid (411,639 ) (499,804 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (10,722 ) 313,200

During the year, an interest of £6,675 was charged on the overdrawn balances at the rate of 2.25% P.A.

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.