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Registration number: 03375954

Jupiter Investments Limited
Annual Report and
Unaudited Financial Statements

31 March 2024

 

Jupiter Investments Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 11

 

Jupiter Investments Limited

Balance Sheet
31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

14,413

1,734

Investment property

5

4,557,131

4,558,040

Investments

6

1

1

 

4,571,545

4,559,775

Current assets

 

Debtors

7

4,201,453

4,054,262

Cash at bank and in hand

 

115,519

91,272

 

4,316,972

4,145,534

Creditors: Amounts falling due within one year

8

(511,644)

(688,890)

Net current assets

 

3,805,328

3,456,644

Total assets less current liabilities

 

8,376,873

8,016,419

Creditors: Amounts falling due after more than one year

8

(2,924,674)

(2,858,387)

Net assets

 

5,452,199

5,158,032

Capital and reserves

 

Called up share capital

2

2

Revaluation reserve

400,000

400,000

Retained earnings

5,052,197

4,758,030

Shareholders' funds

 

5,452,199

5,158,032

 

Jupiter Investments Limited

Balance Sheet
31 March 2024

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

Directors' 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 Directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 March 2025 and signed on its behalf by:
 

.........................................
Mr L F Van Tonder
Director

Company Registration Number: 03375954

 

Jupiter Investments Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 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:
Vale Mill
Robinson Street
Rochdale
Lancashire
OL16 1TA

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.

Going concern

The financial statements have been prepared on a going concern 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
and specific criteria have been met for each of the company's activities.

Government grants

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

 

Jupiter Investments Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Jupiter Investments Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% Straight line

Motor vehicles

25% Straight line

Investment property

Investment properties are carried at fair value in the opinion of the director.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the Group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the Group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

 

Jupiter Investments Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

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.

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 Directors) during the year, was 4 (2023 - 4).

 

Jupiter Investments Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

4

Tangible assets

Fixtures and fittings
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

4,274

-

4,274

Additions

-

15,751

15,751

At 31 March 2024

4,274

15,751

20,025

Depreciation

At 1 April 2023

2,540

-

2,540

Charge for the year

447

2,625

3,072

At 31 March 2024

2,987

2,625

5,612

Carrying amount

At 31 March 2024

1,287

13,126

14,413

At 31 March 2023

1,734

-

1,734

5

Investment properties

2024
£

At 1 April 2023

4,558,040

Transfers to and from Stocks

(909)

At 31 March 2024

4,557,131

There has been no valuation of investment property by an independent valuer.

 

Jupiter Investments Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

6

Investments

2024
£

2023
£

Investments in subsidiaries

1

1

Subsidiaries

£

Cost or valuation

At 1 April 2023

1

Provision

Carrying amount

At 31 March 2024

1

At 31 March 2023

1

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Country of incorporation

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Jupiter Investments (Halifax) Limited

England and Wales

Ordinary

100%

100%

         

Nationwide Managers LLP

England and Wales

99.99%

99.99%

         

Subsidiary undertakings

Jupiter Investments (Halifax) Limited

The principal activity of Jupiter Investments (Halifax) Limited is Dormant company.

Nationwide Managers LLP

The principal activity of Nationwide Managers LLP is Property lettings management.

 

Jupiter Investments Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

7

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

618,997

404,838

Amounts owed by related parties

9

34,378

250,114

Prepayments

 

-

8,480

Other debtors

 

3,548,078

3,390,830

   

4,201,453

4,054,262

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

357,507

341,906

Taxation and social security

108,783

289,596

Accruals and deferred income

37,635

46,082

Other creditors

7,719

11,306

511,644

688,890

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Other non-current financial liabilities

2,924,674

2,858,387

 

Jupiter Investments Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

9

Related party transactions

Directors' remuneration

The directors are remunerated by the company. The directors consider that their remuneration meets the criteria of being under normal market conditions.

Summary of transactions with subsidiaries

Nationwide Managers LLP

Jupiter Investments (Halifax) Limited

 
During the year the company operated loan accounts with its subsidiaries Jupiter Investments (Halifax) Limited and Nationwide Managers LLP.

 

Summary of transactions with other related parties

Vale Mill No.1 FURBS is a Retirement Benefit Scheme, the company's sole director, is both a trustee and a beneficiary. During the year the company operated a loan account with Vale Mill No.1 FURBS.

The company also operating loan accounts with the following related parties: Fuchs Properties, Cartwheel Lettings and, Mersey House, IOM.

 

Loans to related parties

2024

Subsidiary
£

Other related parties
£

Total
£

At start of period

174,114

3,357,757

3,531,871

Advanced

-

157,247

157,247

Repaid

(112,736)

-

(112,736)

At end of period

61,378

3,515,004

3,576,382

2023

Subsidiary
£

Other related parties
£

Total
£

At start of period

79,796

3,009,207

3,089,003

Advanced

94,318

348,550

442,868

At end of period

174,114

3,357,757

3,531,871

 

Jupiter Investments Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

Loans from related parties

2024

Other related parties
£

Total
£

At start of period

2,307,097

2,307,097

Advanced

52,012

52,012

At end of period

2,359,109

2,359,109

2023

Other related parties
£

Total
£

At start of period

2,228,498

2,228,498

Advanced

78,599

78,599

At end of period

2,307,097

2,307,097