IRIS Accounts Production v24.3.2.46 SC779034 Board of Directors 31.3.24 14.8.23 31.3.24 31.3.24 Medium entities These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. 160 true true true false true true false false false false false false false true false Fair value model Ordinary 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC7790342023-08-13SC7790342024-03-31SC7790342023-08-142024-03-31SC7790342023-08-13SC779034ns15:Scotland2023-08-142024-03-31SC779034ns14:PoundSterling2023-08-142024-03-31SC779034ns10:Director12023-08-142024-03-31SC779034ns10:Consolidated2024-03-31SC779034ns10:ConsolidatedGroupCompanyAccounts2023-08-142024-03-31SC779034ns10:PrivateLimitedCompanyLtd2023-08-142024-03-31SC779034ns10:Consolidatedns10:MediumEntities2023-08-142024-03-31SC779034ns10:Consolidatedns10:Audited2023-08-142024-03-31SC779034ns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-08-142024-03-31SC779034ns10:Medium-sizedCompaniesRegimeForAccounts2023-08-142024-03-31SC779034ns10:Consolidated2023-08-142024-03-31SC779034ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-08-142024-03-31SC779034ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForAccounts2023-08-142024-03-31SC779034ns10:FullAccounts2023-08-142024-03-31SC779034ns5:Subsidiary12023-08-142024-03-31SC779034ns5:Subsidiary22023-08-142024-03-31SC779034ns5:Subsidiary32023-08-142024-03-31SC779034ns5:Subsidiary42023-08-142024-03-31SC77903412023-08-142024-03-31SC779034ns10:OrdinaryShareClass12023-08-142024-03-31SC779034ns10:Director22023-08-142024-03-31SC779034ns10:Director32023-08-142024-03-31SC779034ns10:Director42023-08-142024-03-31SC779034ns10:RegisteredOffice2023-08-142024-03-31SC779034ns10:Director52023-08-142024-03-31SC779034ns10:Director62023-08-142024-03-31SC779034ns5:CurrentFinancialInstruments2024-03-31SC779034ns5:ShareCapital2024-03-31SC779034ns5:RetainedEarningsAccumulatedLosses2024-03-31SC779034ns5:ShareCapital2023-08-142024-03-31SC779034ns5:RetainedEarningsAccumulatedLosses2023-08-142024-03-31SC779034ns5:NetGoodwill2023-08-142024-03-31SC779034ns5:IntangibleAssetsOtherThanGoodwill2023-08-142024-03-31SC779034ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-08-142024-03-31SC779034ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-08-142024-03-31SC779034ns5:LongLeaseholdAssetsns5:LandBuildings2023-08-142024-03-31SC779034ns5:LeaseholdImprovements2023-08-142024-03-31SC779034ns5:PlantMachinery2023-08-142024-03-31SC779034ns5:FurnitureFittings2023-08-142024-03-31SC779034ns5:MotorVehicles2023-08-142024-03-31SC779034ns5:ComputerEquipment2023-08-142024-03-31SC779034ns5:FurnitureFittings2024-03-31SC779034ns5:AdditionsToInvestmentsns5:UnlistedNon-exchangeTraded2024-03-31SC779034ns5:UnlistedNon-exchangeTradedns5:CostValuation2024-03-31SC779034ns5:UnlistedNon-exchangeTraded2024-03-31SC7790341ns5:Subsidiary12023-08-142024-03-31SC779034ns5:Subsidiary12024-03-31SC779034ns5:Subsidiary232023-08-142024-03-31SC779034ns5:Subsidiary22024-03-31SC7790345ns5:Subsidiary32023-08-142024-03-31SC779034ns5:Subsidiary32024-03-31SC7790347ns5:Subsidiary42023-08-142024-03-31SC779034ns5:Subsidiary42024-03-31SC779034ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31SC779034ns5:Non-currentFinancialInstruments2024-03-31SC779034ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: SC779034 (Scotland)














GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE PERIOD 14 AUGUST 2023 TO 31 MARCH 2024

FOR

JKR GROUP (HOLDINGS) LIMITED

JKR GROUP (HOLDINGS) LIMITED (REGISTERED NUMBER: SC779034)






CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
for the Period 14 August 2023 to 31 March 2024




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Consolidated Income Statement 8

Consolidated Other Comprehensive Income 9

Consolidated Balance Sheet 10

Company Balance Sheet 11

Consolidated Statement of Changes in Equity 12

Company Statement of Changes in Equity 13

Consolidated Cash Flow Statement 14

Notes to the Consolidated Cash Flow Statement 15

Notes to the Consolidated Financial Statements 16


JKR GROUP (HOLDINGS) LIMITED

COMPANY INFORMATION
for the Period 14 August 2023 to 31 March 2024







DIRECTORS: A M Taylor
J A Taylor
K J Taylor
R E Taylor





REGISTERED OFFICE: Backhill of Coldwells
Arthrath
Ellon
Aberdeenshire
AB41 8YX





REGISTERED NUMBER: SC779034 (Scotland)





AUDITORS: NUVO Audit Limited
7 Faraday Court
First Avenue
Burton on Trent
Staffordshire
DE14 2WX

JKR GROUP (HOLDINGS) LIMITED (REGISTERED NUMBER: SC779034)

GROUP STRATEGIC REPORT
for the Period 14 August 2023 to 31 March 2024

The directors present their strategic report of the company and the group for the period 14 August 2023 to 31 March 2024.

REVIEW OF BUSINESS
JKR Group (Holdings) Limited is the parent company of the group, newly formed in the year to 31 March 2024. The company itself holds a portfolio of rental properties as well as the investments in the group companies.

J K R Contractors Ltd. comprises the main trading activity within the group and specialises in civil engineering including drainage, earth works, road works, hard landscaping, utility installation and various other civil engineering projects throughout the North East of Scotland. These activities are supported by JKR Quarries and Concrete Products Limited which also comprises a significant element of group trade. This company also supplies businesses and individuals in the local area. JKR Farms Limited also forms part of the group and owns and operates a significant area of farmland in the local area.

This financial period has shown a group trading profit before tax amounting to £643,342. The 2024 results include the effect of transactions relating to the formation of the group which are specific to the year being reported.

The group reports a strong financial position at the period end, due to a successful period despite challenges across the wider economy in relation to inflation rates and energy prices. The continued buoyancy in the local market following the pandemic, together with the nature of contracts completed in the period have accounted for strong performance in the period.

PRINCIPAL RISKS AND UNCERTAINTIES
Risk management is addressed through a framework of policies, procedures and internal controls. All policies are subject to Board approval and ongoing review by management. Compliance with all regulation and legal requirements is a high priority for the company and the group.

The principal risks and uncertainties for the business continue to relate to the supply of labour and tradesmen. However, the group manage this by recruiting staff based on the demand required. The group continues to monitor these market conditions closely and implement such measures as necessary to mitigate these risks to the group, in order to remain competitive.

A risk which has increased in prominence over the period is potential business failure of the main contractors for whom projects are being carried out. This risk is managed by close monitoring of contract payment terms and consideration when engaging with new customers.

Financial performance of the group is monitored on an ongoing basis to ensure cash flow remains at desired levels with credit control being managed in relation to credit limits and ageing which ensures sufficient funds are available to meet all liabilities as they fall due.

FUTURE DEVELOPMENTS
In the coming year the group plans to continue developing existing and pursue new relationships to maintain the growth achieved to date.

KEY PERFORMANCE INDICATORS
The main key performance indicators were as follows:

Gross Profit Margin - 2024: 49.96%
Net profit before tax - 2024: £643,342

Key performance indicators are monitored by the Board throughout the period to ensure they are in line with expectations.

ON BEHALF OF THE BOARD:





K J Taylor - Director


18 March 2025

JKR GROUP (HOLDINGS) LIMITED (REGISTERED NUMBER: SC779034)

REPORT OF THE DIRECTORS
for the Period 14 August 2023 to 31 March 2024

The directors present their report with the financial statements of the company and the group for the period 14 August 2023 to 31 March 2024.

INCORPORATION
The group was incorporated on 14 August 2023 and commenced trading on the same date.

PRINCIPAL ACTIVITY
The principal activity of the group in the period under review was that of renting out of residential and commercial properties.

DIVIDENDS
No interim dividend was paid during the period. The directors recommend a final dividend of 0.0014321 per share.

The total distribution of dividends for the period ended 31 March 2024 will be £ 29,497 .

EVENTS SINCE THE END OF THE PERIOD
Information relating to events since the end of the period is given in the notes to the financial statements.

DIRECTORS
The directors who have held office during the period from 14 August 2023 to the date of this report are as follows:

A M Taylor - appointed 8 January 2024
J A Taylor - appointed 8 January 2024
K J Taylor - appointed 8 January 2024
R E Taylor - appointed 8 January 2024
N D Forbes - appointed 14 August 2023 - resigned 8 January 2024
R S Gardner - appointed 14 August 2023 - resigned 8 January 2024

All the directors who are eligible offer themselves for election at the forthcoming first Annual General Meeting.

POLITICAL DONATIONS AND EXPENDITURE
During the period the company has made charitable donations to local charities. There were no political donations made.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

JKR GROUP (HOLDINGS) LIMITED (REGISTERED NUMBER: SC779034)

REPORT OF THE DIRECTORS
for the Period 14 August 2023 to 31 March 2024


AUDITORS
The auditors, NUVO Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





K J Taylor - Director


18 March 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
JKR GROUP (HOLDINGS) LIMITED

Opinion
We have audited the financial statements of JKR Group (Holdings) Limited (the 'parent company') and its subsidiaries (the 'group') for the period ended 31 March 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 March 2024 and of the group's profit for the period then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
JKR GROUP (HOLDINGS) LIMITED


Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

All engagement team members were briefed on relevant identified laws and regulations and potential fraud risks at the planning stage of the audit. Engagement team members were reminded to remain alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

We obtained an understanding of the legal and regulatory frameworks that are applicable to the company, focusing on provisions of those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The most relevant frameworks identified include:

- UK GAAP
- Companies Act 2006
- Corporation Tax legislation
- VAT legislation
- Health and Safety legislation

We gained an understanding of how the company is complying with these laws and regulations by:

- enquiry of management, those charged with governance and the entity's solicitors around actual and potential litigation and claims;
- enquiry of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and regulations;
- reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

We assessed the susceptibility of the company's financial statements to material misstatement, including how fraud might occur, by meeting with management and those charged with governance to understand where it was considered there was susceptibility to fraud. This evaluation also considered how management and those charged with governance were remunerated and whether this provided an incentive for fraudulent activity. We considered the overall control environment and how management oversee the implementation and operation of controls. In areas of the financial statements where the risks were considered to be higher, we performed procedures to address each identified risk. The following procedures were performed to provide reasonable assurance that the financial statements were free of material fraud or error:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
JKR GROUP (HOLDINGS) LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Alison Brown (Senior Statutory Auditor)
for and on behalf of NUVO Audit Limited
7 Faraday Court
First Avenue
Burton on Trent
Staffordshire
DE14 2WX

18 March 2025

JKR GROUP (HOLDINGS) LIMITED (REGISTERED NUMBER: SC779034)

CONSOLIDATED INCOME STATEMENT
for the Period 14 August 2023 to 31 March 2024

Notes £   

TURNOVER 4 6,337,955

Cost of sales 3,171,405
GROSS PROFIT 3,166,550

Administrative expenses 2,239,511
927,039

Other operating income 32,808
OPERATING PROFIT 6 959,847

Interest receivable and similar income 491
960,338
Gain/loss on revaluation of assets (243,811 )
716,527

Interest payable and similar expenses 7 73,185
PROFIT BEFORE TAXATION 643,342

Tax on profit 8 196,415
PROFIT FOR THE FINANCIAL PERIOD 446,927
Profit attributable to:
Owners of the parent 446,927

JKR GROUP (HOLDINGS) LIMITED (REGISTERED NUMBER: SC779034)

CONSOLIDATED OTHER COMPREHENSIVE INCOME
for the Period 14 August 2023 to 31 March 2024

Notes £   

PROFIT FOR THE PERIOD 446,927


OTHER COMPREHENSIVE INCOME -
TOTAL COMPREHENSIVE INCOME FOR
THE PERIOD

446,927

Total comprehensive income attributable to:
Owners of the parent 446,927

JKR GROUP (HOLDINGS) LIMITED (REGISTERED NUMBER: SC779034)

CONSOLIDATED BALANCE SHEET
31 March 2024

Notes £    £   
FIXED ASSETS
Intangible assets 11 3,826,614
Tangible assets 12 17,715,534
Investments 13 50
Investment property 14 4,221,640
25,763,838

CURRENT ASSETS
Stocks 15 2,003,872
Debtors 16 10,936,886
Cash at bank 354,663
13,295,421
CREDITORS
Amounts falling due within one year 17 10,702,835
NET CURRENT ASSETS 2,592,586
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,356,424

CREDITORS
Amounts falling due after more than one year 18 (5,326,668 )

PROVISIONS FOR LIABILITIES 22 (2,015,426 )
NET ASSETS 21,014,330

CAPITAL AND RESERVES
Called up share capital 23 20,596,900
Retained earnings 24 417,430
SHAREHOLDERS' FUNDS 21,014,330

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by:





K J Taylor - Director


JKR GROUP (HOLDINGS) LIMITED (REGISTERED NUMBER: SC779034)

COMPANY BALANCE SHEET
31 March 2024

Notes £    £   
FIXED ASSETS
Intangible assets 11 -
Tangible assets 12 91
Investments 13 20,596,800
Investment property 14 4,221,640
24,818,531

CURRENT ASSETS
Debtors 16 6,962
Cash at bank 129,535
136,497
CREDITORS
Amounts falling due within one year 17 1,941,248
NET CURRENT LIABILITIES (1,804,751 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,013,780

CAPITAL AND RESERVES
Called up share capital 23 20,596,900
Retained earnings 24 2,416,880
SHAREHOLDERS' FUNDS 23,013,780

Company's profit for the financial year 2,446,377

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by:





K J Taylor - Director


JKR GROUP (HOLDINGS) LIMITED (REGISTERED NUMBER: SC779034)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
for the Period 14 August 2023 to 31 March 2024

Called up
share Retained Total
capital earnings equity
£    £    £   

Changes in equity
Issue of share capital 20,596,900 - 20,596,900
Dividends - (29,497 ) (29,497 )
Total comprehensive income - 446,927 446,927
Balance at 31 March 2024 20,596,900 417,430 21,014,330

JKR GROUP (HOLDINGS) LIMITED (REGISTERED NUMBER: SC779034)

COMPANY STATEMENT OF CHANGES IN EQUITY
for the Period 14 August 2023 to 31 March 2024

Called up
share Retained Total
capital earnings equity
£    £    £   

Changes in equity
Issue of share capital 20,596,900 - 20,596,900
Dividends - (29,497 ) (29,497 )
Total comprehensive income - 2,446,377 2,446,377
Balance at 31 March 2024 20,596,900 2,416,880 23,013,780

JKR GROUP (HOLDINGS) LIMITED (REGISTERED NUMBER: SC779034)

CONSOLIDATED CASH FLOW STATEMENT
for the Period 14 August 2023 to 31 March 2024

Notes £   
Cash flows from operating activities
Cash generated from operations 1 (3,735,616 )
Interest paid (46,753 )
Interest element of hire purchase payments paid (26,432 )
Tax paid (60,368 )
Net cash from operating activities (3,869,169 )

Cash flows from investing activities
Purchase of intangible fixed assets (3,892,061 )
Purchase of tangible fixed assets (17,953,348 )
Purchase of fixed asset investments (50 )
Purchase of investment property (4,465,451 )
Interest received 491
Provisions on formation of group 2,017,468
Net cash from investing activities (24,292,951 )

Cash flows from financing activities
New loans in year 5,712,856
Amounts loaned to associate (53,647 )
Capital repayments in year 2,323,859
Amount introduced by directors 279,173
Amount withdrawn by directors (321,242 )
Share issue 20,596,900
Government grants 8,381
Equity dividends paid (29,497 )
Net cash from financing activities 28,516,783

Increase in cash and cash equivalents 354,663
Cash and cash equivalents at beginning of
period

2

-

Cash and cash equivalents at end of period 2 354,663

JKR GROUP (HOLDINGS) LIMITED (REGISTERED NUMBER: SC779034)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
for the Period 14 August 2023 to 31 March 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

£   
Profit before taxation 643,342
Depreciation charges 303,262
Loss on revaluation of fixed assets 243,811
Government grants (8,381 )
Finance costs 73,185
Finance income (491 )
1,254,728
Increase in stocks (2,003,872 )
Increase in trade and other debtors (10,561,997 )
Increase in trade and other creditors 7,575,525
Cash generated from operations (3,735,616 )

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Period ended 31 March 2024
31.3.24 14.8.23
£    £   
Cash and cash equivalents 354,663 -


3. ANALYSIS OF CHANGES IN NET DEBT

At 14.8.23 Cash flow At 31.3.24
£    £    £   
Net cash
Cash at bank - 354,663 354,663
- 354,663 354,663
Debt
Finance leases - (2,323,859 ) (2,323,859 )
Debts falling due within 1 year - (2,605,075 ) (2,605,075 )
Debts falling due after 1 year - (3,107,781 ) (3,107,781 )
- (8,036,715 ) (8,036,715 )
Total - (7,682,052 ) (7,682,052 )

JKR GROUP (HOLDINGS) LIMITED (REGISTERED NUMBER: SC779034)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
for the Period 14 August 2023 to 31 March 2024

1. STATUTORY INFORMATION

JKR Group (Holdings) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the General Information page.

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


2. STATEMENT OF COMPLIANCE

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" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption
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.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

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

Turnover is only recognised on a construction contract where the outcome can be estimated reliably. Variations to, and claims arising in respect of, construction contracts are included in revenue to the extent that they have been agreed with the customer. Turnover and costs are recognised by reference to the stage of completion of contract activity at the balance sheet date. This is normally measured by surveys of work performed to date. An estimate of the profit attributable to work completed is recognised once the outcome of the contract can be assessed with reasonable certainty. Contracts are only treated as construction contracts when they have been specifically negotiated for the construction of a development or property. When it is probable that the total costs on a construction contract will exceed contract revenue, the expected loss is recognised as an expense in the profit & loss account immediately.

Amounts recoverable on construction contracts are included in trade receivables and stated at cost plus attributable profit less any foreseeable losses. The costs on contracts not yet taken to the profit and loss account less related foreseeable losses and payments on account are shown in stocks and work in progress. Payments received in excess of amounts recoverable on construction contracts are included in payments on account within creditors.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Acquired goodwill is written off in equal annual installments over its estimated useful economic life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other intangible assets are being amortised evenly over their estimated useful life of six years.

JKR GROUP (HOLDINGS) LIMITED (REGISTERED NUMBER: SC779034)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Period 14 August 2023 to 31 March 2024

3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 5% on cost and 2% on cost
Long leasehold - 2% on cost
Improvements to property - 10% on cost and 5% on cost
Plant and machinery - 25% reducing balance, 25% on cost, 20% on cost, 10% on cost and 2.5% on cost
Fixtures and fittings - 25% on cost, 25% reducing balance and 20% on cost
Motor vehicles - 25% reducing balance and 16% Straight Line
Computer equipment - 33% on cost and 25% reducing balance

Land, included within freehold property, is considered to have an infinite useful life and is therefore not depreciated.

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within 'administrative expenses' in the statement of total comprehensive income.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Work in progress, including land, is valued at the lower of cost and net realisable value.

Costs include raw materials, consumables and direct labour. Net realisable value is based on estimated selling price less anticipated costs to completion. Provision is made for all foreseeable losses.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Consolidated 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 period 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

JKR GROUP (HOLDINGS) LIMITED (REGISTERED NUMBER: SC779034)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Period 14 August 2023 to 31 March 2024

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Construction contracts
Amounts recoverable on construction contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on contracts, less amounts received as progress payments on account.

The "percentage of completion method" is used to determine the appropriate amount to recognise in a given period. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the estimated total contract costs. Cost incurred in the year in connection with future activity on a contract are excluded from contract costs in determining the stage of completion. These costs are presented as stocks, prepayments or other assets depending on their nature, and provided it is probable they will be recovered.

4. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the group.

An analysis of turnover by class of business is given below:

£   
Civil engineering 5,718,220
Quarry 501,959
Farming 117,776
6,337,955

5. EMPLOYEES AND DIRECTORS

£
Wages and salaries 1,543,212
Social security costs 175,682
Other pension costs 72,190
1,791,084

The average number of employees during the period was as follows:

Engineers 6
Estimators 4
Surveyors 5
Buyers 1
Admin & Finance 5
Contracts manager 4
H & S officer 2
Operational staff 123
Operations manager 1
Transport manager 1
Weighbridge operator 1
Directors of subsidiary 3
Directors of group 4
160

£   
Directors' remuneration 36,400
Directors' pension contributions to money purchase schemes 28,000

JKR GROUP (HOLDINGS) LIMITED (REGISTERED NUMBER: SC779034)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Period 14 August 2023 to 31 March 2024

5. EMPLOYEES AND DIRECTORS - continued

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 4

6. OPERATING PROFIT

The operating profit is stated after charging:

£   
Depreciation - owned assets 169,723
Depreciation - assets on hire purchase contracts 68,091
Goodwill amortisation 63,969
Other intangible assets amortisation 1,478
Auditors' remuneration 25,547

7. INTEREST PAYABLE AND SIMILAR EXPENSES
£   
Bank loan interest 46,703
Finance charges 50
Hire purchase 26,432
73,185

8. TAXATION

Analysis of the tax charge
The tax charge on the profit for the period was as follows:
£   
Current tax:
UK corporation tax 247,920
Prior year tax adjustment (49,462 )
Total current tax 198,458

Deferred tax (2,043 )
Tax on profit 196,415

Reconciliation of total tax charge included in profit and loss
The tax assessed for the period is higher than the standard rate of corporation tax in the UK. The difference is explained below:

£   
Profit before tax 643,342
Profit multiplied by the standard rate of corporation tax in the UK of 25 % 160,836

Effects of:
Expenses not deductible for tax purposes 97,241
Income not taxable for tax purposes (10,175 )
Capital allowances in excess of depreciation (258,243 )
Utilisation of tax losses (73,961 )
Adjustments to tax charge in respect of previous periods (49,386 )
Impact of pre acquisition reserve 254,852
Losses carried forward 77,294
Deferred taxation (2,043 )
Total tax charge 196,415

JKR GROUP (HOLDINGS) LIMITED (REGISTERED NUMBER: SC779034)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Period 14 August 2023 to 31 March 2024

9. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


10. DIVIDENDS
£   
Ordinary shares of £1 each
Final 29,497

11. INTANGIBLE FIXED ASSETS

Group
Other
intangible
Goodwill assets Totals
£    £    £   
COST
Additions 3,838,139 53,922 3,892,061
At 31 March 2024 3,838,139 53,922 3,892,061
AMORTISATION
Amortisation for period 63,969 1,478 65,447
At 31 March 2024 63,969 1,478 65,447
NET BOOK VALUE
At 31 March 2024 3,774,170 52,444 3,826,614

12. TANGIBLE FIXED ASSETS

Group
Improvements
Freehold Long to Plant and
property leasehold property machinery
£    £    £    £   
COST
Additions 8,486,982 8 90,978 8,494,716
At 31 March 2024 8,486,982 8 90,978 8,494,716
DEPRECIATION
Charge for period 6,265 - 1,516 197,540
At 31 March 2024 6,265 - 1,516 197,540
NET BOOK VALUE
At 31 March 2024 8,480,717 8 89,462 8,297,176

JKR GROUP (HOLDINGS) LIMITED (REGISTERED NUMBER: SC779034)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Period 14 August 2023 to 31 March 2024

12. TANGIBLE FIXED ASSETS - continued

Group

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
Additions 8,854 836,242 35,568 17,953,348
At 31 March 2024 8,854 836,242 35,568 17,953,348
DEPRECIATION
Charge for period 358 30,611 1,524 237,814
At 31 March 2024 358 30,611 1,524 237,814
NET BOOK VALUE
At 31 March 2024 8,496 805,631 34,044 17,715,534

Included in cost of land and buildings is freehold land of £7,218,491 which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
Additions 3,924,542 101,687 4,026,229
At 31 March 2024 3,924,542 101,687 4,026,229
DEPRECIATION
Charge for period 65,266 2,825 68,091
At 31 March 2024 65,266 2,825 68,091
NET BOOK VALUE
At 31 March 2024 3,859,276 98,862 3,958,138

Company
Fixtures
and
fittings
£   
COST
Additions 93
At 31 March 2024 93
DEPRECIATION
Charge for period 2
At 31 March 2024 2
NET BOOK VALUE
At 31 March 2024 91

JKR GROUP (HOLDINGS) LIMITED (REGISTERED NUMBER: SC779034)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Period 14 August 2023 to 31 March 2024

13. FIXED ASSET INVESTMENTS

Group
Unlisted
investments
£   
COST
Additions 50
At 31 March 2024 50
NET BOOK VALUE
At 31 March 2024 50
Company
Unlisted
investments
£   
COST
Additions 20,596,800
At 31 March 2024 20,596,800
NET BOOK VALUE
At 31 March 2024 20,596,800

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

J K R Contractors Ltd.
Registered office: Backhill of Coldwells, Arthrath, Ellon, Aberdeenshire, AB41 8YX
Nature of business: Civil engineering
%
Class of shares: holding
Ordinary 100.00
31.3.24
£   
Aggregate capital and reserves 9,448,996
Loss for the year (4,032,705 )

JKR Quarries and Concrete Products Limited
Registered office: Backhill of Coldwells, Arthrath, Ellon, Aberdeenshire, AB41 8YX
Nature of business: Supply of quarry and concrete products
%
Class of shares: holding
Ordinary 100.00
31.3.24
£   
Aggregate capital and reserves 4,268,615
Profit for the year 4,125,936

JKR GROUP (HOLDINGS) LIMITED (REGISTERED NUMBER: SC779034)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Period 14 August 2023 to 31 March 2024

13. FIXED ASSET INVESTMENTS - continued

JKR Farms Limited
Registered office: Backhill of Coldwells, Arthrath, Ellon, Aberdeenshire, AB41 8YX
Nature of business: Farming
%
Class of shares: holding
Ordinary 100.00
31.3.24
£   
Aggregate capital and reserves 1,524,005
Profit for the year 1,018,878

JKR Holdings Ltd
Registered office: Backhill of Coldwells, Arthrath, Ellon, Aberdeenshire, AB41 8YX
Nature of business: Rental property
%
Class of shares: holding
Ordinary 100.00
31.3.24
£   
Aggregate capital and reserves 157,847
Loss for the year (30,325 )


14. INVESTMENT PROPERTY

Group
Total
£   
FAIR VALUE
Additions 4,465,451
Revaluations (243,811 )
At 31 March 2024 4,221,640
NET BOOK VALUE
At 31 March 2024 4,221,640

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 (243,811 )
Cost 4,465,451
4,221,640

If investment property had not been revalued it would have been included at the following historical cost:

£   
Cost 4,465,451

Investment property was valued on an open market basis on 31 March 2024 by the directors .

JKR GROUP (HOLDINGS) LIMITED (REGISTERED NUMBER: SC779034)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Period 14 August 2023 to 31 March 2024

14. INVESTMENT PROPERTY - continued

Company
Total
£   
FAIR VALUE
Additions 4,465,451
Revaluations (243,811 )
At 31 March 2024 4,221,640
NET BOOK VALUE
At 31 March 2024 4,221,640

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 (243,811 )
Cost 4,465,451
4,221,640

If investment property had not been revalued it would have been included at the following historical cost:

£   
Cost 4,465,451

Investment property was valued on an open market basis on 31 March 2024 by the directors .

15. STOCKS


Group
£   
Stocks 1,139,513
Work-in-progress 864,359
2,003,872

16. DEBTORS


Group Company
£    £   
Amounts falling due within one year:
Trade debtors 2,115,972 -
Amounts owed by participating interests 53,647 -
Other debtors 677,686 1,600
Directors' current accounts 321,242 4,907
VAT 339,964 -
Prepayments and accrued income 6,362,589 455
9,871,100 6,962

Amounts falling due after more than one year:
Trade debtors 1,065,786 -

Aggregate amounts 10,936,886 6,962

JKR GROUP (HOLDINGS) LIMITED (REGISTERED NUMBER: SC779034)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Period 14 August 2023 to 31 March 2024

17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


Group Company
£    £   
Bank loans and overdrafts (see note 19) 2,605,075 -
Hire purchase contracts (see note 20) 1,170,758 -
Trade creditors 4,316,266 2,108
Amounts owed to group undertakings - 1,916,052
Tax 138,090 -
Social security and other taxes 261,344 -
Other creditors 46,697 1,242
Directors' current accounts 279,173 -
Accruals and deferred income 1,885,432 21,846
10,702,835 1,941,248

18. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR


Group
£   
Bank loans (see note 19) 3,107,781
Hire purchase contracts (see note 20) 1,153,101
Accruals and deferred income 1,065,786
5,326,668

J K R Contractors Ltd. was advanced a loan of £1,435,000 in November 2018. The loan is repayable in 60 monthly installments. The rate of interest is 2.75% per annum over the Base Rate.

J K R Contractors Ltd. was advanced a loan of £1,635,000 in November 2018. The loan is repayable in 60 monthly installments. The rate of interest is fixed at 4.56% per annum.

JKR Farms Limited was advanced three loans in February 2024 totalling £3,200,000. The loans are repayable over a period of 60 months.

19. LOANS

An analysis of the maturity of loans is given below:


Group
£   
Amounts falling due within one year or on demand:
Bank loans 2,605,075
Amounts falling due between one and two years:
Bank loans - 1-2 years 92,432
Amounts falling due between two and five years:
Bank loans - 2-5 years 3,015,349

JKR GROUP (HOLDINGS) LIMITED (REGISTERED NUMBER: SC779034)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Period 14 August 2023 to 31 March 2024

20. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire
purchase
contracts
£   
Net obligations repayable:
Within one year 1,170,758
Between one and five years 1,153,101
2,323,859

Group
Non- cancellable operating leases
£   
Within one year 15,397
Between one and five years 19,210
34,607

JKR GROUP (HOLDINGS) LIMITED (REGISTERED NUMBER: SC779034)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Period 14 August 2023 to 31 March 2024

21. SECURED DEBTS

The following secured debts are included within creditors:


Group
£   
Bank loans 5,712,857

A bond and floating charge is held by The Royal Bank of Scotland over all the assets of the group.

A standard security over all and whole subjects known as Hill Cottage, Cairnfechel, Udny, Ellon and 1, 2, 3, 5 and 6 Cairnfechel Cottages, Udny, Ellon and all and whole subjects known as Cairnfechel, North Coulie and Smiddyhill, Udny, Ellon, AB41 6ST.

A standard security over all and whole subject known as Backhill of Fortrie, Auchnagatt, Ellon.

A standard security over all and whole subject, including the ground, known as Backhill of Coldwells, Arthrath, Ellon, AB41 8YX.

A standard security over all and whole area of land, farmland and buildings, known as Cairnfechel, Udny, Ellon, Aberdeenshire, AB41 6ST.

A standard security over all and whole subjects known as and forming Cairnadailly House, Cairnadailly, Ellon, AB41 8QJ and Glencairn Cottage, Cairnadailly, Ellon, AB41 8QJ.

A standard security over all and whole subjects known as forming Beech Cottage, Udny, Ellon, Aberdeenshire, AB41 6ST.

A standard security is in place with The Royal Bank of Scotland over Fortrie Cottage and Fortrie Lodge.

There is an intercompany guarantee between company and it's subsidiaries in favour of The Royal Bank of Scotland.

The JKR Farms Limited loans are secured by The Royal Bank of Scotland as follows:

- standard security over all and whole of subjects known as Paddock Ha', Oldmeldrum, Inverurie.

- standard security over all and whole of subjects known as Cairnfechel, North Coulie and Smiddyhill, Udny, Ellon, AB31 6ST under exception of one subject known as Beech Cottage, Udny, Ellon being the subjects more particularly described in and disponsed by a Disposition to JKR Contractors Ltd in favour of JKR Group (Holdings) Ltd.

- standard security over all and whole of the Farm and Lands of Cairnadailly extending to three hundred and eight acres and eighty decimal or one hundredth parts of an acre but always excepting there from all and whole of the subjects known as Oldgate Croft extending to fourteen acres and ninety-three decimal or one hundredth parts of an acre.

22. PROVISIONS FOR LIABILITIES


Group
£   
Deferred tax 1,975,426

Other provisions 40,000

Aggregate amounts 2,015,426

JKR GROUP (HOLDINGS) LIMITED (REGISTERED NUMBER: SC779034)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Period 14 August 2023 to 31 March 2024

22. PROVISIONS FOR LIABILITIES - continued

Group
Deferred
tax
£   
Provided during period 1,975,426
Balance at 31 March 2024 1,975,426

23. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
20,596,900 Ordinary £1 20,596,900

24. RESERVES

Group
Retained
earnings
£   

Profit for the period 446,927
Dividends (29,497 )
At 31 March 2024 417,430

Company
Retained
earnings
£   

Profit for the period 2,446,377
Dividends (29,497 )
At 31 March 2024 2,416,880


25. PENSION COMMITMENTS

The group's defined contribution pension cost for the period was £72,190. Outstanding contributions as at the period end totalled £66,410 in relation to employers and employees contributions.

26. CONTINGENT LIABILITIES

Included in the financial statements to 31 March 2024 for one of the subsidiaries, is a provision for a contingent liability of £40,000 which is for the reinstatement of land at the end of its useful life of 9 years.

27. CAPITAL COMMITMENTS
£   
Contracted but not provided for in the
financial statements 160,740

JKR GROUP (HOLDINGS) LIMITED (REGISTERED NUMBER: SC779034)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Period 14 August 2023 to 31 March 2024

28. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

£   
J A Taylor
Balance outstanding at start of period -
Amounts advanced 16,292
Amounts repaid (204,809 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period (188,517 )

K J Taylor
Balance outstanding at start of period -
Amounts advanced 179,662
Amounts repaid (24,714 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period 154,948

R E Taylor
Balance outstanding at start of period -
Amounts advanced 195,094
Amounts repaid (28,800 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period 166,294

A M Taylor
Balance outstanding at start of period -
Amounts advanced 16,474
Amounts repaid (107,130 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period (90,656 )

The loans are interest free and have no fixed repayment terms.

29. RELATED PARTY DISCLOSURES

As at 31 March 2024, a group company was due £53,647 from a partnership under shared ownership. The loan is interest free and repayable on demand.

During the period, key management personnel compensation of £243,533 was paid.

30. POST BALANCE SHEET EVENTS

In the post year end period, JKR Farms Limited has obtained two bank loans, each for the amount of £1.25m in order to partially repay an intercompany loan amount.

In the post year end period, J K R Contractors Ltd. has received an amount of £2.5m from a group company to partially repay an intercompany loan. This amount has been used to repay J K R Contractors Ltd. bank loan balance in full.

In October 2024, J K R Contractors Ltd. has entered into an agreement to purchase an asset amounting to £342,500.

In March 2025, J K R Contractors Ltd. has committed to enter into agreements to purchase two assets amounting to £219,000.

In October 2024, JKR Group (Holdings) Limited has purchased an investment property for the amount of £185,000.

JKR GROUP (HOLDINGS) LIMITED (REGISTERED NUMBER: SC779034)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Period 14 August 2023 to 31 March 2024

31. ULTIMATE CONTROLLING PARTY

The company is controlled by four of its directors: James Taylor, Kevin Taylor, Ryan Taylor and Audrey Taylor.

32. GROUP RECONSTRUCTION

JKR Group (Holdings) Limited was created for a group reconstruction which took place on 08 February 2024.

The following companies have been acquired:
- J K R Contractors Ltd.
- JKR Holdings Ltd
- JKR Quarries & Concrete Products Limited
- JKR Farms Limited

The combination has been recognised under the acquisition method.

33. SUBSIDIARY COMPANIES AUDIT EXEMPTION

The following subsidiaries are entitled to exemption from audit under Section 479A of the Companies Act 2006:
JKR Farms Limited (Registered number SC604103)
JKR Holdings Ltd (Registered number SC508853)