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REGISTERED NUMBER: 09470177 (England and Wales)





















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

JM & KM GROUP LIMITED

JM & KM GROUP LIMITED (REGISTERED NUMBER: 09470177)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


JM & KM GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr J P Mullally
Mrs K Mullally



REGISTERED OFFICE: Corner of Roebuck Lane & Dartmouth Road
Smethwick
Warley
West Midlands
B66 1BY



REGISTERED NUMBER: 09470177 (England and Wales)



ACCOUNTANTS: E R Grove & Co Limited
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF



BANKERS: National Westminster Bank plc
309 High Street
West Bromwich
West Midlands
B70 8LX

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
JM & KM GROUP LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of JM & KM Group Limited for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of JM & KM Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of JM & KM Group Limited and state those matters that we have agreed to state to the Board of Directors of JM & KM Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JM & KM Group Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that JM & KM Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of JM & KM Group Limited. You consider that JM & KM Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of JM & KM Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






E R Grove & Co Limited
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF


11 March 2025

JM & KM GROUP LIMITED (REGISTERED NUMBER: 09470177)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,485,207 2,485,207

CURRENT ASSETS
Cash at bank and in hand 2,686 2

CREDITORS
Amounts falling due within one year 5 1,893,562 1,772,259
NET CURRENT LIABILITIES (1,890,876 ) (1,772,257 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

594,331

712,950

CAPITAL AND RESERVES
Called up share capital 7 35,000 35,000
Capital redemption reserve 35,000 35,000
Retained earnings 524,331 642,950
SHAREHOLDERS' FUNDS 594,331 712,950

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 11 March 2025 and were signed on its behalf by:





Mr J P Mullally - Director


JM & KM GROUP LIMITED (REGISTERED NUMBER: 09470177)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

JM & KM Group 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
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.

Preparation of consolidated financial statements
The financial statements contain information about JM & KM Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts of assets and liabilities as at the reporting date and the amounts reported for turnover and expenses during that period. The nature of estimating means that actual outcomes could differ from the original estimates.

The principal accounting policies and the judgements and estimates that have the most significant effect on amounts recognised in the financial statements are as detailed below.

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

The company's turnover, which consists of management charges to its subsidiary company, is recognised when these services are provided.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Fixed asset investments
The balance sheet figure for fixed asset investments consists of the cost of acquiring the whole of the share capital of the company's subsidiary, L.A. Metals Limited, together with the associated cost of acquisition as adjusted for any impairment in value that, in the judgement of the Board, needs to be reflected in the financial statements.

In deciding whether an impairment loss needs to be reflected in the financial statements of JM & AW Holdings Limited the directors consider the value of the assets and liabilities in the subsidiary company at each reporting date, including any unrecognised goodwill, and compare this with the carrying value of the fixed asset investment in the company's balance sheet.

If the investment's recoverable amount is estimated to be less than its carrying amount then the carrying amount is reduced to the recoverable amount, with the impairment loss being recognised in the income statement.

Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the lower of the revised estimate of the carrying amount and the carrying amount had no impairment loss previously been recognised. A reversal of an impairment loss is recognised in income immediately.

3. EMPLOYEES AND DIRECTORS

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

JM & KM GROUP LIMITED (REGISTERED NUMBER: 09470177)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 July 2023
and 30 June 2024 2,485,207
NET BOOK VALUE
At 30 June 2024 2,485,207
At 30 June 2023 2,485,207

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 6) - 17,277
Amounts owed to group undertakings 1,255,358 1,480,328
Taxation and social security 29,303 25,753
Other creditors 608,901 248,901
1,893,562 1,772,259

6. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 17,277
Preference shares 2 2
2 17,279

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
35,000 Ordinary £1 35,000 35,000

8. 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.