BrightAccountsProduction v1.0.0 v1.0.0 2023-09-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts 25 March 2025 0 0 NI639636 2024-08-31 NI639636 2023-08-31 NI639636 2022-08-31 NI639636 2023-09-01 2024-08-31 NI639636 2022-09-01 2023-08-31 NI639636 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 NI639636 uk-curr:Euro 2023-09-01 2024-08-31 NI639636 uk-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 NI639636 uk-bus:FullAccounts 2023-09-01 2024-08-31 NI639636 uk-bus:Director1 2023-09-01 2024-08-31 NI639636 uk-bus:CompanySecretaryDirector1 2023-09-01 2024-08-31 NI639636 uk-bus:CompanySecretary1 2023-09-01 2024-08-31 NI639636 uk-bus:RegisteredOffice 2023-09-01 2024-08-31 NI639636 uk-bus:Agent1 2023-09-01 2024-08-31 NI639636 uk-core:ShareCapital 2024-08-31 NI639636 uk-core:ShareCapital 2023-08-31 NI639636 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 NI639636 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 NI639636 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-08-31 NI639636 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-08-31 NI639636 uk-bus:FRS102 2023-09-01 2024-08-31 NI639636 uk-core:CostValuation 2024-08-31 NI639636 uk-core:Subsidiary1 2023-09-01 2024-08-31 NI639636 uk-core:CurrentFinancialInstruments 2024-08-31 NI639636 uk-core:CurrentFinancialInstruments 2023-08-31 NI639636 uk-core:WithinOneYear 2024-08-31 NI639636 uk-core:WithinOneYear 2023-08-31 NI639636 2023-09-01 2024-08-31 NI639636 uk-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 xbrli:pure iso4217:EUR xbrli:shares
Company Registration Number: NI639636
 
 
JG Marine Consultants Limited
 
Unaudited Financial Statements
 
for the financial year ended 31 August 2024
JG Marine Consultants Limited
DIRECTORS AND OTHER INFORMATION

 
Directors Brendan Gill
Helen Gill
 
 
Company Secretary Helen Gill
 
 
Company Registration Number NI639636
 
 
Registered Office Sentinel House
13 Pump Street
Derry
BT48 6JG
 
 
Accountants MCI Chartered Accountants
Sentinel House
13 Pump Street
Derry
BT48 6JG
 
 
Bankers First Trust Bank
  Meadowbank
  Strand Road
  Derry
  BT48 7TN
   
   
  Allied Irish Banks plc
  Gort Glebe
  Carndonagh
  Co. Donegal
 
   
Solicitors KM Legal Consultants Limited
  21 Clooney Park Gardens
  Limavady Road
  Derry
  BT47 6NM



JG Marine Consultants Limited
Company Registration Number: NI639636
BALANCE SHEET
as at 31 August 2024

2024 2023
Notes
 
Fixed Assets
Investments 3 10 10
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Current Assets
Debtors 4 1,000,000 1,000,000
Cash at bank and in hand 1,028 1,009
───────── ─────────
1,001,028 1,001,009
───────── ─────────
Creditors: amounts falling due within one year 5 (110) (110)
───────── ─────────
Net Current Assets 1,000,918 1,000,899
───────── ─────────
Total Assets less Current Liabilities 1,000,928 1,000,909
═════════ ═════════
 
Capital and Reserves
Called up share capital 1,001,081 1,001,081
Retained earnings (153) (172)
───────── ─────────
Shareholders' Funds 1,000,928 1,000,909
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
           
Approved by the Board and authorised for issue on 25 March 2025 and signed on its behalf by
           
           
           
________________________________     ________________________________
Brendan Gill     Helen Gill
Director     Director
           



JG Marine Consultants Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 August 2024

   
1. General Information
 
JG Marine Consultants Limited is a private limited company incorporated in Northern Ireland. The address of the registered office is given in the company information on page 3 of these financial statements. The nature of the company's operations and principal activities is that of finance, investment and consultancy services.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 August 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared in accordance with The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in euro which is the functional currency of the company. The company has adopted the disclosure requirements of Section 1A of FRS 102, other than where additional disclosure is required to show a true and fair view.
 
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 undertaking comprise a small group.
 
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.
 
Trade and other debtors
Debtors with no stated interest rate and which are receivable within one year are recorded at the transaction price.
 
Trade and other creditors
Creditors with no stated interest rate and which are payable within one year are recorded at the transaction price. Any losses arising from impairment are recognised in the Statement of Income and Retained Earnings in administrative expenses.
 
Taxation
The charge for taxation is based on the results for the year and takes into account taxation deferred because of timing differences between the treatment of certain items for taxation and accounting purposes. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the Balance Sheet date. Provision is made at the rates expected to apply when the timing differences reverse. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements which arise from the inclusion of gains and losses in taxable profits different from those in which they are recognised in the financial statements.
 
Foreign currencies
Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction. Monetary assets and liabilities denominated in a foreign currency at the Balance Sheet date are translated using the closing rate.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Investments
  Group and Total
  participating  
  interests/  
  joint ventures  
Investments
Cost
 
At 31 August 2024 10 10
  ───────── ─────────
Net book value
At 31 August 2024 10 10
  ═════════ ═════════
At 31 August 2023 10 10
  ═════════ ═════════
 
Unlisted investments are measured at cost less impairment on the basis that they are not publicly traded and the fair value cannot otherwise be measured reliably.
             
3.1. Holdings in related undertakings
Further details of the company's subsidiary undertakings are outlined below:
 
  Country Nature   Details Proportion
  of of   of held by
Name incorporation and address of Registered Office business   investment company
 
Subsidiary undertaking
JG Marine Consultants (Ireland) Limited Republic of Ireland, The Cottage, Greencastle, Co. Donegal. Investment business   9,000,000 Ordinary Shares at £0.0001 each 833,700 ''A'' Ordinary Shares at £1 each 100%
 
 
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
 
  Year ended Capital and     Profit for
    reserves     the year
       
 
JG Marine Consultants (Ireland) Limited 31 August 2024 246,492     76,704
    ═════════     ═════════
 
In the opinion of the directors, the value to the company of the unlisted investments is not less than the book amount shown above.
       
4. Debtors 2024 2023
 
 
Loan to subsidiary undertaking 1,000,000 1,000,000
  ═════════ ═════════
       
5. Creditors 2024 2023
Amounts falling due within one year
 
Other creditors 110 110
  ═════════ ═════════