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Registered number: 13175315
JGF Holdings Ltd
Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13175315
30 April 2024 30 April 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 1,000 1,000
1,000 1,000
CURRENT ASSETS
Debtors 5 396,791 311,784
Cash at bank and in hand 4,242 64,571
401,033 376,355
Creditors: Amounts Falling Due Within One Year 6 (350,533 ) (323,552 )
NET CURRENT ASSETS (LIABILITIES) 50,500 52,803
TOTAL ASSETS LESS CURRENT LIABILITIES 51,500 53,803
NET ASSETS 51,500 53,803
CAPITAL AND RESERVES
Called up share capital 7 11,000 11,000
Profit and Loss Account 40,500 42,803
SHAREHOLDERS' FUNDS 51,500 53,803
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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 J J Granville-Fall
Director
28 April 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
JGF Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13175315 . The registered office is First Floor Sterling House, Outrams Wharf, Little Eaton, Derby, DE21 5EL.
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. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investments
Subsidiaries
£
Cost
As at 1 May 2023 1,000
As at 30 April 2024 1,000
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 1,000
As at 1 May 2023 1,000
Page 2
Page 3
5. Debtors
30 April 2024 30 April 2023
£ £
Due within one year
Other debtors 337,757 276,158
Due after more than one year
Other debtors 59,034 35,626
396,791 311,784
6. Creditors: Amounts Falling Due Within One Year
30 April 2024 30 April 2023
£ £
Trade creditors 2,251 -
Amounts owed to group undertakings 282,712 253,490
Other creditors 4,200 32,100
Taxation and social security 61,370 37,962
350,533 323,552
7. Share Capital
30 April 2024 30 April 2023
£ £
Allotted, Called up and fully paid 11,000 11,000
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr Jonathan Granville-Fall 100,009 69,358 - - 169,367
The above loan is unsecured, has interest charged at 2.25% per annum and is repayable on demand.
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