Company registration number 04357645 (England and Wales)
JIM DAVIES HOLDINGS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
JIM DAVIES HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
JIM DAVIES HOLDINGS LIMITED
BALANCE SHEET
AS AT 1 JANUARY 2025
01 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
3
2,500,100
2,500,100
Current assets
Debtors
5
800,000
Investments
6
2,487,660
2,370,741
Cash at bank and in hand
1,703,382
2,708,153
4,991,042
5,078,894
Creditors: amounts falling due within one year
7
(973,667)
(1,116,991)
Net current assets
4,017,375
3,961,903
Total assets less current liabilities
6,517,475
6,462,003
Provisions for liabilities
(115,630)
(85,925)
Net assets
6,401,845
6,376,078
Capital and reserves
Called up share capital
8
102
102
Profit and loss reserves
6,401,743
6,375,976
Total equity
6,401,845
6,376,078
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 10 June 2025 and are signed on its behalf by:
Mr D J Davies
Director
Company registration number 04357645 (England and Wales)
JIM DAVIES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 JANUARY 2025
- 2 -
1
Accounting policies
Company information
Jim Davies Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Ty Gwyn, Banalog Terrace, Hollybush, Blackwood, Gwent, United Kingdom, NP12 0SG.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
1.2
Going concern
At truethe time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
JIM DAVIES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 1 JANUARY 2025
1
Accounting policies
(Continued)
- 3 -
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
1.6
Current asset investments are initially measured at transaction price excluding transaction costs. Listed current asset investments are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
3
3
3
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
2,500,100
2,500,100
4
Subsidiaries
Details of the company's subsidiaries at 1 January 2025 are as follows:
Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Jim Davies Civil Engineering Limited
England and Wales
Ordinary
100.00
The aggregate capital and reserves and the result for the year of the subsidiaries noted above was as follows:
Name of undertaking
Capital and Reserves
Profit/(Loss)
£
£
Jim Davies Civil Engineering Limited
4,436,097
821,598
JIM DAVIES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 1 JANUARY 2025
- 4 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
800,000
Included in other debtors is a loan made during the year to an unrelated party. The loan was fully repaid after the year end.
6
Current asset investments
2025
2024
£
£
Investment bonds
2,487,660
2,370,741
7
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
827,842
1,113,018
Corporation tax
10,649
3,973
Other creditors
135,176
973,667
1,116,991
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
102
102
102
102
9
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.
The auditor's report is unqualified and includes the following:
Opinion
In our opinion the financial statements:
give a true and fair view of the state of the company's affairs as at 1 January 2025 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
JIM DAVIES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 1 JANUARY 2025
9
Audit report information
(Continued)
- 5 -
Senior Statutory Auditor:
Mr John Griffiths
Statutory Auditor:
UHY Hacker Young
Date of audit report:
10 June 2025
10
Related party transactions
At the year end, the amount due to Jim Davies Civil Engineering Limited, the company's subsidiary, was £827,842 (2024: £1,113,018), this amount being included in creditors: amounts falling due within one year.
The directors operate current loan accounts with the company, which are debited with payments made by the company on behalf of the directors and credited with funds introduced and undrawn directors' fees. At the year end, the balance due to the directors was £135,176 (2024: £nil), being included in creditors: amounts falling due within one year. The loans are non-interest bearing and there are no fixed repayment dates.
11
Ultimate controlling party
In the opinion of the directors, the ultimate controlling party is Mr J P Davies by virtue of his majority shareholding.