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Registered number: 03919704














JANKLOW & NESBIT (UK) LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

 
JANKLOW & NESBIT (UK) LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
JANKLOW & NESBIT (UK) LIMITED
REGISTERED NUMBER:03919704

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
8,574
8,585

Current assets
  

Debtors: amounts falling due after more than one year
 5 
2,400
-

Debtors: amounts falling due within one year
 5 
68,158
32,541

Bank and cash balances
  
55,767
198,481

  
126,325
231,022

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(92,856)
(141,511)

Net current assets
  
 
 
33,469
 
 
89,511

Total assets less current liabilities
  
42,043
98,096

Creditors: amounts falling due after more than one year
 7 
(676,176)
(694,299)

Net liabilities
  
(634,133)
(596,203)


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
(634,134)
(596,204)

  
(634,133)
(596,203)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
JANKLOW & NESBIT (UK) LIMITED
REGISTERED NUMBER:03919704
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 March 2025.




W R Francis
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
JANKLOW & NESBIT (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Janklow & Nesbit (UK) Limited is a private limited liability company incorporated in England and Wales, with its registered office address at 5 Elstree Gate, Elstree Way, Borehamwood, WD6 1JD and business office address at 193-197 High Holborn, London, WC1V 7BD.

The principal activity of the Company continued to be that of literary agents.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis which is dependent upon the continued support of the shareholders. In the opinion of the directors the Company will continue to receive such financial support as may be required to enable it to meet its liabilities for at least 12 months following the date of their approval of the financial statements and on this basis have prepared the financial statements on a going concern basis.

 
2.3

Turnover

Turnover represents commission receivable for services net of VAT.
Commission is recognised when contractually due.

 
2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ Sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Comprehensive Income on a straight line basis over the lease term

Page 3

 
JANKLOW & NESBIT (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

 
2.7

Pensions

Defined contribution pension plan
The Company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. 
The contributions are recognised as an expense in the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.


 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Plant and machinery
-
25% reducing balance method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

 
2.10

Debtors

Short term debtors are measured at the transaction price, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

Page 4

 
JANKLOW & NESBIT (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 17 (2023 - 15).


4.


Tangible fixed assets





Plant and machinery

£



Cost


At 1 January 2024
35,674


Additions
2,688



At 31 December 2024

38,362



Depreciation


At 1 January 2024
27,089


Charge for the year on owned assets
2,699



At 31 December 2024

29,788



Net book value



At 31 December 2024
8,574



At 31 December 2023
8,585

Page 5

 
JANKLOW & NESBIT (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
2,400
-


2024
2023
£
£

Due within one year

Other debtors
7,286
7,200

Prepayments
60,872
25,341

68,158
32,541



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
924
7,029

Taxation and social security
59,075
73,701

Other creditors
12,155
11,929

Accruals and deferred income
20,702
48,852

92,856
141,511



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Amounts owed to group undertakings
676,176
694,299



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1
1
1


Page 6

 
JANKLOW & NESBIT (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Related party transactions

The Company has taken advantage of the exemption under FRS102 33.1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.


10.


Controlling party

The ultimate parent undertaking is Janklow & Nesbit Associates, a general partnership registered in the United States of America. The directors regard L W Janklow; a director of the Company, as the ultimate controlling party.

 
Page 7