0 false false false false true false false false false false false true false false false false true true No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2023 - FRS102_2023 773,080 83,080 83,080 690,000 773,080 xbrli:pure xbrli:shares iso4217:GBP 10314132 2023-09-01 2024-08-31 10314132 2024-08-31 10314132 2023-08-31 10314132 2022-09-01 2023-08-31 10314132 2023-08-31 10314132 2022-08-31 10314132 core:Subsidiary1 2023-09-01 2024-08-31 10314132 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 10314132 bus:Director2 2023-09-01 2024-08-31 10314132 bus:Director1 2023-09-01 2024-08-31 10314132 core:WithinOneYear 2024-08-31 10314132 core:WithinOneYear 2023-08-31 10314132 core:ShareCapital 2024-08-31 10314132 core:ShareCapital 2023-08-31 10314132 core:RetainedEarningsAccumulatedLosses 2024-08-31 10314132 core:RetainedEarningsAccumulatedLosses 2023-08-31 10314132 core:CostValuation core:Non-currentFinancialInstruments 2024-08-31 10314132 core:ImpairmentLossProvisionsForImpairmentInvestments core:Non-currentFinancialInstruments 2024-08-31 10314132 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2024-08-31 10314132 core:Non-currentFinancialInstruments 2024-08-31 10314132 core:Non-currentFinancialInstruments 2023-08-31 10314132 bus:Director1 2023-08-31 10314132 bus:Director1 2024-08-31 10314132 bus:Director2 2023-08-31 10314132 bus:Director2 2024-08-31 10314132 bus:Director1 2023-08-31 10314132 bus:Director2 2023-08-31 10314132 bus:Director1 2022-09-01 2023-08-31 10314132 bus:Director2 2022-09-01 2023-08-31 10314132 bus:SmallEntities 2023-09-01 2024-08-31 10314132 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 10314132 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10314132 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10314132 bus:FullAccounts 2023-09-01 2024-08-31 10314132 bus:OrdinaryShareClass1 2024-08-31 10314132 bus:OrdinaryShareClass1 2023-08-31
COMPANY REGISTRATION NUMBER: 10314132
JFNT SERVICES LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 August 2024
JFNT SERVICES LIMITED
STATEMENT OF FINANCIAL POSITION
31 August 2024
2024
2023
Note
£
£
£
Fixed assets
Investments
4
690,000
773,080
Current assets
Debtors
5
49,935
45,546
Creditors: amounts falling due within one year
6
197,875
153,076
---------
---------
Net current liabilities
147,940
107,530
---------
---------
Total assets less current liabilities
542,060
665,550
---------
---------
Net assets
542,060
665,550
---------
---------
Capital and reserves
Called up share capital
7
15,000
15,000
Profit and loss account
527,060
650,550
---------
---------
Shareholders funds
542,060
665,550
---------
---------
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 income and retained earnings has not been delivered.
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 21 May 2025 , and are signed on behalf of the board by:
Ms N M Trussler
Director
Company registration number: 10314132
JFNT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 1 Old Stratford Business Park, Falcon Drive, Old Stratford, Milton Keynes, MK19 6FG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
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 of fixed assets
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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured 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 are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Investments
Shares in group undertakings
£
Cost
At 1 September 2023 and 31 August 2024
773,080
---------
Impairment
At 1 September 2023
Impairment losses
83,080
---------
At 31 August 2024
83,080
---------
Carrying amount
At 31 August 2024
690,000
---------
At 31 August 2023
773,080
---------
Subsidiaries, associates and other investments
Class of share
Percentage of shares held
Subsidiary undertakings
CS Cleaning (Milton Keynes) Limited
Ordinary
100
5. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
20,000
Other debtors
29,935
45,546
--------
--------
49,935
45,546
--------
--------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
196,875
153,076
Other creditors
1,000
---------
---------
197,875
153,076
---------
---------
7. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
15,000
15,000
15,000
15,000
--------
--------
--------
--------
8. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mrs J L Ferguson (Resigned 24/10/24)
21,017
14,413
( 23,665)
11,765
Ms N M Trussler
23,808
22,906
( 29,265)
17,449
--------
--------
--------
--------
44,825
37,319
( 52,930)
29,214
--------
--------
--------
--------
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mrs J L Ferguson (Resigned 24/10/24)
21,017
21,017
Ms N M Trussler
23,808
23,808
----
--------
----
--------
44,825
44,825
----
--------
----
--------
Interest was charged on the Directors' overdrawn loan accounts @ 2.25% and amounted to £920 (2023:- £nil).
9. Controlling party
On 24 October 2024 NTAT Services Limited became the ultimate parent company and is registered under number 15893479 and is situated at 1, Old Stratford Business Park, Falcon Drive, Old Stratford, Milton Keynes, MK19 6FG.