Company registration number 12502586 (England and Wales)
JOFSON INVESTMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
JOFSON INVESTMENTS LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
JOFSON INVESTMENTS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2022
Notes
£
£
£
£
Fixed assets
Investments
3
142,000
142,000
Current assets
Debtors
4
280,000
220,000
Creditors: amounts falling due within one year
5
(280,000)
(220,000)
Net current assets
-
0
-
0
Net assets
142,000
142,000
Capital and reserves
-
-
Called up share capital
6
142,000
142,000

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 28 March 2025 and are signed on its behalf by:
Mrs R H Martin
Director
Company Registration No. 12502586
JOFSON INVESTMENTS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 April 2022
142,000
-
0
142,000
Year ended 31 March 2023:
Profit and total comprehensive income
-
60,000
60,000
Dividends
-
(60,000)
(60,000)
Balance at 31 March 2023
142,000
-
0
142,000
Year ended 31 March 2024:
Profit and total comprehensive income
-
60,000
60,000
Dividends
-
(60,000)
(60,000)
Balance at 31 March 2024
142,000
-
0
142,000
JOFSON INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

Jofson Investments Limited is a private company, limited by shares, incorporated in England and Wales. The registered office is, Unit 8 Westgate Park Industrial Estate, Tintagel Way, Aldridge, West Midlands, WS9 8ER. The company's registration number is 12502586.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Fixed asset investments

Investments in subsidiaries are measured at cost less accumulated impairment.

1.3
Financial instruments

The company only has basic financial instruments.

Debtors

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

Creditors

Short term creditors are measured at transaction price.

1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The company has no employees other than the directors.

3
Fixed asset investments
2024
2022
£
£
Shares in group undertakings
142,000
142,000
JOFSON INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
3
Fixed asset investments
(Continued)
- 4 -

On 23 September 2024, as part of a capital reduction demerger transaction, the company's subsidiary, Overdale Holdings Limited (Formerly Central Investments Limited) declared a distribution in specie totalling £1,190,441 in favour of the company, consisting of its shareholding of 10,000 ordinary shares of £1 in Jofson Limited.

On receiving the shares from the entity, Overdale Holdings Limited (Formerly Central Investments Limited), the company immediately declared an identical distribution in specie in favour of its parent company, Central Investments Limited (Formerly Overdale Holdings Limited), consisting of the same shareholding of 10,000 ordinary shares of £1 in Jofson Limited.

 

4
Debtors
2024
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
280,000
220,000
5
Creditors: amounts falling due within one year
2024
2022
£
£
Other creditors
280,000
220,000
6
Called up share capital
2024
2022
Ordinary share capital
£
£
Issued and fully paid
100,000 Ordinary shares of £1 each
100,000
100,000
7,000 Ordinary B shares of £1 each
7,000
7,000
35,000 Ordinary C shares of £1 each
35,000
35,000
142,000
142,000

On 23 September 2024, the company's three classes of ordinary shares set out above were consolidated into two new classes of ordinary shares comprising 107,000 A ordinary shares of £1 and 35,000 B ordinary shares of £1.

The new share classes continue to rank pari passu in all respects, providing each respective shareholder with a full pro-rata entitlement to income, voting and a return of capital upon the occurrence of a future sale or winding up.

 

JOFSON INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
7
Related party transactions

The company has taken advantage of the exemption in paragraph 33.1A of Financial Reporting Standard 102, from the requirement to disclose transactions with wholly owned members of the group.

 

During the year, the company declared dividends of £60,000 (2023 - £60,000) to the directors. At 31 March 2024 the company owed the directors £280,000 (2023 - £220,000). This amount is interest free, holds no condition and is repayable on demand.

 

 

8
Parent company

At the time of approval of these financial statements, the parent company of the group is Central Investments Limited (Formerly Overdale Holdings Limited) by virtue of its controlling shareholding in the company which was acquired as part of a capital reduction demerger transaction which completed on 23 September 2024. The registered address of Central Investments Limited (Formerly Overdale Holdings Limited) is 3 Waterfront Business Park, Dudley Road, Brierley Hill, West Midlands, England, DY5 1LX.

 

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