Company registration number:
13575273
JRN Group Digital Limited
Unaudited filleted financial statements
31 October 2024
JRN Group Digital Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
JRN Group Digital Limited
Directors and other information
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Directors |
Mr James Newby |
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Mr Robert Newby |
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Company number |
13575273 |
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Registered office |
Unit 2 Evans Business Centre |
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Brunel Road |
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Leominster |
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Herefordshire |
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HR6 0LX |
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Business address |
Unit 2 Evans Business Centre |
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Brunel Road |
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Leominster |
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Herefordshire |
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HR6 0LX |
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Accountants |
Lindley & Co |
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Suite 4 Europa House |
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Europa Way |
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Lichfield |
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Staffs |
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WS14 9TZ |
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JRN Group Digital Limited
Statement of financial position
31 October 2024
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31/10/24 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Investments |
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4 |
2 |
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2 |
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_______ |
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_______ |
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2 |
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2 |
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Current assets |
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Debtors |
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5 |
100 |
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100 |
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_______ |
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_______ |
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100 |
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100 |
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Creditors: amounts falling due |
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within one year |
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6 |
(
2) |
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(
2) |
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_______ |
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_______ |
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Net current assets |
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98 |
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98 |
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_______ |
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Total assets less current liabilities |
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100 |
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100 |
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_______ |
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Net assets |
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100 |
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100 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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100 |
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100 |
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_______ |
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_______ |
Shareholders funds |
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100 |
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100 |
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_______ |
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_______ |
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For the period ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
31 March 2025
, and are signed on behalf of the board by:
Mr James Newby
Director
Company registration number:
13575273
JRN Group Digital Limited
Statement of changes in equity
Period ended 31 October 2024
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Called up share capital |
Total |
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£ |
£ |
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At 31 October 2023 |
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100 |
100 |
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Profit for the period |
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- |
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_______ |
_______ |
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Total comprehensive income for the period |
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- |
- |
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_______ |
_______ |
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At and 1 November 2023 |
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100 |
100 |
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Profit for the period |
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- |
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_______ |
_______ |
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Total comprehensive income for the period |
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- |
- |
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_______ |
_______ |
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At 31 October 2024 |
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100 |
100 |
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_______ |
_______ |
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JRN Group Digital Limited
Notes to the financial statements
Period ended 31 October 2024
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is Unit 2 Evans Business Centre, Brunel Road, Leominster, Herefordshire, HR6 0LX.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
4.
Investments
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Shares in group undertakings and participating interests |
Total |
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£ |
£ |
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Cost |
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At 1 November 2023 and 31 October 2024 |
2 |
2 |
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Impairment |
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At 1 November 2023 and 31 October 2024 |
- |
- |
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Carrying amount |
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At 31 October 2024 |
2 |
2 |
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At |
2 |
2 |
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_______ |
_______ |
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Investments in group undertakings |
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Registered office |
Class of share |
Percentage of shares held |
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Subsidiary undertakings |
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JRNVISUALS Limited |
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Unit 2 Evans Business Centre Brunel Road Leominster HR6 0LX |
Ordinary |
100 |
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Waveform Visuals Limited |
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Unit 2 Evans Business Centre Brunel Road Leominster HR6 0LX |
Ordinary |
100 |
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The results and capital and reserves for the period of the trading companies are as follows:
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Capital and |
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Profit/(loss) |
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reserves |
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for the |
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period |
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31/10/24 |
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31/10/24 |
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£ |
£ |
£ |
£ |
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Subsidiary undertakings |
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JRNVISUALS Limited |
(12,374) |
(7,575) |
(
4,799) |
(
5,268) |
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Waveform Visuals Limited |
4,238 |
1,772 |
2,466 |
1,708 |
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5.
Debtors
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31/10/24 |
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£ |
£ |
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Other debtors |
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100 |
100 |
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_______ |
_______ |
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6.
Creditors: amounts falling due within one year
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31/10/24 |
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£ |
£ |
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Other creditors |
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2 |
2 |
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7.
Controlling party
The company is under the control of Mr J Newby and Mr R Newby who together control 100% of the issued share capital.