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REGISTERED NUMBER: 14415688 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

JP-1 YGGDRASIL LIMITED

JP-1 YGGDRASIL LIMITED (REGISTERED NUMBER: 14415688)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JP-1 YGGDRASIL LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTOR: J Priestman





REGISTERED OFFICE: Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY





REGISTERED NUMBER: 14415688 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

JP-1 YGGDRASIL LIMITED (REGISTERED NUMBER: 14415688)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 892,592 894,089

CURRENT ASSETS
Debtors 5 37,433 145,223
Investments 6 787,735 557,509
Cash at bank 283,002 386,273
1,108,170 1,089,005
CREDITORS
Amounts falling due within one year 7 30,298 3,652
NET CURRENT ASSETS 1,077,872 1,085,353
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,970,464

1,979,442

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 485,442 485,442
Retained earnings 1,484,922 1,493,900
SHAREHOLDERS' FUNDS 1,970,464 1,979,442

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 9 June 2025 and were signed by:




J Priestman - Director


JP-1 YGGDRASIL LIMITED (REGISTERED NUMBER: 14415688)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

JP-1 Yggdrasil 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 as modified by the revaluation of certain assets.

Investments in associates
Investments in associate undertakings are recognised at cost less any impairment.

Investments
Investments are included at fair value where they can be measured reliably, otherwise they are included at cost less any impairment.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

JP-1 YGGDRASIL LIMITED (REGISTERED NUMBER: 14415688)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024


4. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Participating interests 525,125 500,000
Other investments not loans 367,467 394,089
892,592 894,089

Additional information is as follows:
Interest
in Other
associate investments Totals
£    £    £   
COST OR VALUATION
At 1 October 2023 500,000 208,176 708,176
Additions 25,125 72,856 97,981
Revaluations - (13,565 ) (13,565 )
At 30 September 2024 525,125 267,467 792,592
NET BOOK VALUE
At 30 September 2024 525,125 267,467 792,592
At 30 September 2023 500,000 208,176 708,176

Cost or valuation at 30 September 2024 is represented by:

Interest
in Other
associate investments Totals
£    £    £   
Valuation in 2023 (1,116,642 ) (17,824 ) (1,134,466 )
Valuation in 2024 - (13,566 ) (13,566 )
Cost 1,641,767 298,857 1,940,624
525,125 267,467 792,592

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Fixed term deposits 100,000 185,913

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 37,433 145,223

JP-1 YGGDRASIL LIMITED (REGISTERED NUMBER: 14415688)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024


6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Fixed term deposits 787,735 557,509

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 4,915 2,015
Other creditors 25,383 1,637
30,298 3,652

8. CAPITAL COMMITMENTS

As at 30 September 2024 the company had contracted to invest a further $576,000 (2023: $420,500) and €281,250 (2023: €281,250) in private equity funds.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the period, the director’s current account was overdrawn, the maximum amount was £89,786 (2023: £89,786) and the year end balance was £nil (2023: £89,786).

10. ULTIMATE CONTROLLING PARTY

The controlling party is J Priestman.