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Registered number: 13985061
JTS Holding Company Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
GMS FC Limited
1 London Road
Ipswich
Suffolk
IP1 2HA
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13985061
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 315,320
Investments 5 100 -
100 315,320
CURRENT ASSETS
Debtors 6 2,986 36,060
Cash at bank and in hand 699 1,858
3,685 37,918
Creditors: Amounts Falling Due Within One Year 7 (70,239 ) (157,818 )
NET CURRENT ASSETS (LIABILITIES) (66,554 ) (119,900 )
TOTAL ASSETS LESS CURRENT LIABILITIES (66,454 ) 195,420
Creditors: Amounts Falling Due After More Than One Year 8 - (236,000 )
NET LIABILITIES (66,454 ) (40,580 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (66,554 ) (40,680 )
SHAREHOLDERS' FUNDS (66,454) (40,580)
Page 1
Page 2
For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jonathan Sharp
Director
28th March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
JTS Holding Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13985061 . The registered office is 1 London Road, Ipswich, Suffolk, IP1 2HA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Investment Properties
£
Cost
As at 1 April 2023 315,320
Disposals (315,320 )
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 315,320
Page 3
Page 4
5. Investments
Subsidiaries
£
Cost
As at 1 April 2023 -
Additions 100
As at 31 March 2024 100
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 100
As at 1 April 2023 -
6. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Trade debtors - 1,160
Other debtors - 34,900
Peaks Stays Ltd 2,986 -
2,986 36,060
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
JTS Properties 55,162 148,810
JTS Electrical 10,269 -
Accruals and deferred income 1,140 1,140
Director's loan account 3,668 7,868
70,239 157,818
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 March 2023
£ £
Bank loans - 236,000
- 236,000
9. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4