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Registration number: 10988326

The Joker Group Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2024

image-name
 

The Joker Group Ltd

Contents

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 8

 

The Joker Group Ltd

Company Information

Director

Mr Daniel Michael Wright

Registered office

Ground Floor
19 New Road
Brighton
East Sussex
BN1 1UF

Accountants

Lucraft Hodgson & Dawes LLP Ground Floor
19 New Road
Brighton
East Sussex
BN1 1UF

 

The Joker Group Ltd

(Registration number: 10988326)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

1

42,564

Cash at bank and in hand

 

-

180

 

1

42,744

Creditors: Amounts falling due within one year

5

(199,235)

(188,530)

Total assets less current liabilities

 

(199,234)

(145,786)

Creditors: Amounts falling due after more than one year

5

(24,085)

(23,436)

Net liabilities

 

(223,319)

(169,222)

Capital and Reserves

 

Called up share capital

100

100

Retained Earnings

(223,419)

(169,322)

Shareholders' deficit

 

(223,319)

(169,222)

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 March 2025
 

.........................................
Mr Daniel Michael Wright
Director

   
     
 

The Joker Group Ltd

Statement of Changes in Equity for the Year Ended 30 November 2024

Share capital
£

Retained Earnings
£

Total
£

At 1 December 2023

100

(169,322)

(169,222)

Loss for the year

-

(54,097)

(54,097)

At 30 November 2024

100

(223,419)

(223,319)

Share capital
£

Retained Earnings
£

Total
£

At 1 December 2022

100

(121,161)

(121,061)

Loss for the year

-

(48,161)

(48,161)

At 30 November 2023

100

(169,322)

(169,222)

 

The Joker Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ground Floor
19 New Road
Brighton
East Sussex
BN1 1UF
England

These financial statements were authorised for issue by the director on 18 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling, which is the functional currency of the company.

Going concern

At the balance sheet date the company has ceased to trade and the decision has been made to dissolve the company. These financial statements are therefore prepared on a ‘break-up’ basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

The Joker Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

The Joker Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 2).

4

Debtors

Current

2024
£

2023
£

Other debtors

1

42,564

 

1

42,564

 

The Joker Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

6

24,971

15,428

Trade Creditors

 

180

180

Taxation and social security

 

172,303

170,941

Accruals and deferred income

 

800

1,000

Other creditors

 

981

981

 

199,235

188,530

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

6

24,085

23,436

6

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

24,085

23,436

Current loans and borrowings

2024
£

2023
£

Bank borrowings

9,520

9,355

Bank overdrafts

6,073

6,073

Other borrowings

9,378

-

24,971

15,428

7

Related party transactions

 

The Joker Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Loans to related parties

2024

Key management
£

Total
£

At start of period

40,962

40,962

Repaid

(40,962)

(40,962)

At end of period

-

-

2023

Key management
£

Total
£

At start of period

91,837

91,837

Repaid

(50,875)

(50,875)

At end of period

40,962

40,962

Terms of loans to related parties

During the year the company provided it's directors with a loan which was unsecured and interest was charge on it at official rate. The loan was repaid in full following the balance sheet date.
 

Loans from related parties

2024

Key management
£

Total
£

Advanced

22,428

22,428

At end of period

22,428

22,428

Terms of loans from related parties

During the year the director provided the company with an interest free loan which was unsecured and repayable on demand.