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REGISTERED NUMBER: 10405956 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Jlk Holdings Limited

Jlk Holdings Limited (Registered number: 10405956)

Contents of the Financial Statements
for the year ended 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jlk Holdings Limited

Company Information
for the year ended 31 October 2024







DIRECTORS: Miss K D Kenneally
J A Kenneally





REGISTERED OFFICE: 14 Conyers Way
Gt Barton
Bury St Edmunds
Suffolk
IP31 2RL





REGISTERED NUMBER: 10405956 (England and Wales)





ACCOUNTANTS: FWD Accounts Limited
7 Forbes Business Centre
Kempson Way
Bury St Edmunds
Suffolk
IP32 7AR

Jlk Holdings Limited (Registered number: 10405956)

Balance Sheet
31 October 2024

31/10/24 31/10/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 28,681 38,438
Investment property 4 900,000 900,000
928,681 938,438

CURRENT ASSETS
Debtors 5 942 -
Cash at bank 82,351 82,001
83,293 82,001
CREDITORS
Amounts falling due within one year 6 464,071 535,272
NET CURRENT LIABILITIES (380,778 ) (453,271 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

547,903

485,167

PROVISIONS FOR LIABILITIES 60,018 51,805
NET ASSETS 487,885 433,362

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 52,875 55,780
Retained earnings 434,910 377,482
487,885 433,362

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

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

Jlk Holdings Limited (Registered number: 10405956)

Balance Sheet - continued
31 October 2024


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 20 March 2025 and were signed on its behalf by:




Miss K D Kenneally - Director



J A Kenneally - Director


Jlk Holdings Limited (Registered number: 10405956)

Notes to the Financial Statements
for the year ended 31 October 2024


1. 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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.

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.

2. EMPLOYEES AND DIRECTORS

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

Jlk Holdings Limited (Registered number: 10405956)

Notes to the Financial Statements - continued
for the year ended 31 October 2024


3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023
and 31 October 2024 58,481
DEPRECIATION
At 1 November 2023 20,043
Charge for year 9,757
At 31 October 2024 29,800
NET BOOK VALUE
At 31 October 2024 28,681
At 31 October 2023 38,438

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 900,000
NET BOOK VALUE
At 31 October 2024 900,000
At 31 October 2023 900,000

The valuation of investment properties owned are deemed to be unchanged from the valuations at 30 November 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Other debtors 942 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Taxation and social security 26,142 22,049
Other creditors 437,929 513,223
464,071 535,272

7. RESERVES
Fair
value
reserve
£   
At 1 November 2023 55,780
Inv property revaluations (2,905 )

At 31 October 2024 52,875

Reserve movement in current period as a result of change in relevant tax rate used in calculation of deferred tax

Jlk Holdings Limited (Registered number: 10405956)

Notes to the Financial Statements - continued
for the year ended 31 October 2024


8. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is Mr J A Kenneally and Mrs K D Kenneally by virtue of their ownership of 100% of the issued share capital in the company