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REGISTERED NUMBER: 12797498 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

JLS Investment Group Limited

JLS Investment Group Limited (Registered number: 12797498)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JLS Investment Group Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr Jamie Lee Scotchbrook





REGISTERED OFFICE: Westside House
Marton in Cleveland
United Kingdom
Cleveland
TS7 8BG





REGISTERED NUMBER: 12797498 (England and Wales)





ACCOUNTANTS: APC Accountancy
Chartered Accountants
73 Gilkes Street
Middlesbrough
TS1 5EH

JLS Investment Group Limited (Registered number: 12797498)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 425,384 425,512

CURRENT ASSETS
Debtors 5 311,760 306,434
Cash at bank 72,413 37,741
384,173 344,175
CREDITORS
Amounts falling due within one year 6 707,511 724,422
NET CURRENT LIABILITIES (323,338 ) (380,247 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,046

45,265

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 101,946 45,165
102,046 45,265

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 May 2025 and were signed by:





Mr Jamie Lee Scotchbrook - Director


JLS Investment Group Limited (Registered number: 12797498)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

JLS Investment Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments
A financial asset or a financial liability is recognised only when the entity 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

JLS Investment Group Limited (Registered number: 12797498)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 425,000 640 425,640
DEPRECIATION
At 1 September 2023 - 128 128
Charge for year - 128 128
At 31 August 2024 - 256 256
NET BOOK VALUE
At 31 August 2024 425,000 384 425,384
At 31 August 2023 425,000 512 425,512

The freehold properties are held for investment purposes and have been included on the balance sheet at 31 August 2024 at open market value for existing use. The valuation adopted is based on a valuation carried out prior to the properties being transferred to the company on the 25 June 2021. The director has reviewed the carrying value as at 31 August 2024 of all properties and decided that there has been no significant change in open market values that would warrant amendments to book value.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 5,637 6,434
Other debtors 306,123 300,000
311,760 306,434

Included in other debtors is a sum of £300,000 owed from Rockcliffe Cars Limited. Rockcliffe Cars Limited is a subsidiary of JLS Investment Group Limited.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Taxation and social security 4,323 2,948
Other creditors 703,188 721,474
707,511 724,422

7. RELATED PARTY DISCLOSURES

The company owed its director J L Scotchbrook as at 31 August 2024 £702,037 (2023: £720,323)

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Jamie Lee Scotchbrook.

9. ULTIMATE CONTROL

The company is under the ultimate control of its director J L Scotchbrook.