Registered number
04927933
JPR Asset Holdings Limited
Filleted Accounts
31 August 2024
JPR Asset Holdings Limited
Registered number: 04927933
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 420,705 419,697
Investments 4 245,024 245,024
665,729 664,721
Current assets
Stocks 784,494 784,494
Debtors 5 55,822 53,163
Cash at bank and in hand 20,755 32,912
861,071 870,569
Creditors: amounts falling due within one year 6 (643,086) (612,581)
Net current assets 217,985 257,988
Total assets less current liabilities 883,714 922,709
Creditors: amounts falling due after more than one year 7 (502,375) (579,775)
Net assets 381,339 342,934
Capital and reserves
Called up share capital 100 100
Profit and loss account 381,239 342,834
Shareholders' funds 381,339 342,934
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Sinha
Director
Approved by the board on 22 May 2025
JPR Asset Holdings Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings freehold Not depreciated
Land and buildings leasehold Not depreciated
Fixtures, fittings, tools and equipment 33% straight line
The policy of not providing depreciation in respect of freehold land and buildings does not comply with current accounting standards. However, an impairment review is undertaken each year, and in the opinion of the directors, the current value of the buildings is not less than their original cost at which they are included in the financial statements.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 September 2023 419,595 4,221 423,816
Additions - 1,663 1,663
At 31 August 2024 419,595 5,884 425,479
Depreciation
At 1 September 2023 - 4,119 4,119
Charge for the year - 655 655
At 31 August 2024 - 4,774 4,774
Net book value
At 31 August 2024 419,595 1,110 420,705
At 31 August 2023 419,595 102 419,697

Land and buildings includes freehold of £419,595 (2023 - £419,595).
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 September 2023 245,024
At 31 August 2024 245,024

Details of the company's subsidiaries at 31 August 2024 were as follows:

Caspian Asset Management Limited - 100% of Ordinary Share Capital held.
5 Debtors 2024 2023
£ £
Other debtors and prepayments 55,822 53,163
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank and other loans 2,400 2,400
Amounts owed to group undertakings and undertakings in which the company has a participating interest 108,057 110,851
Taxation and social security costs 12,208 8,462
Other creditors and accruals 520,421 490,868
643,086 612,581
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank and other loans 27,375 104,775
Other creditors 475,000 475,000
502,375 579,775
8 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 25,575 100,575
Bank loans are secured by way of a fixed and floating charge over the assets of the company.
9 Controlling party
The company is under the control of its directors.
10 Other information
JPR Asset Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Warstone Drive
West Bromwich
West Midlands
B71 4BH
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