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REGISTERED NUMBER: 02286732 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

J.M.G. HOLDINGS LIMITED

J.M.G. HOLDINGS LIMITED (REGISTERED NUMBER: 02286732)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J.M.G. HOLDINGS LIMITED

Company Information
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mrs J Bard
Mr B Bard





SECRETARY: Mrs J Bard





REGISTERED OFFICE: First Floor, Winston House
349 Regents Park Road
London
N3 1DH





REGISTERED NUMBER: 02286732 (England and Wales)





ACCOUNTANTS: Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

J.M.G. HOLDINGS LIMITED (REGISTERED NUMBER: 02286732)

Balance Sheet
30 JUNE 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 277 369
Investments 5 45,151 45,151
Investment property 6 4,754,790 4,731,505
4,800,218 4,777,025

CURRENT ASSETS
Debtors 7 1,111,840 1,076,176
Investments 8 11,047 9,370
Cash at bank 344,854 102,135
1,467,741 1,187,681
CREDITORS
Amounts falling due within one year 9 2,776,595 2,612,356
NET CURRENT LIABILITIES (1,308,854 ) (1,424,675 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,491,364

3,352,350

CREDITORS
Amounts falling due after more than one
year

10

(9,167

)

(19,167

)

PROVISIONS FOR LIABILITIES (170,633 ) (170,633 )
NET ASSETS 3,311,564 3,162,550

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 3,311,464 3,162,450
SHAREHOLDERS' FUNDS 3,311,564 3,162,550

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

J.M.G. HOLDINGS LIMITED (REGISTERED NUMBER: 02286732)

Balance Sheet - continued
30 JUNE 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2025 and were signed on its behalf by:





Mr B Bard - Director


J.M.G. HOLDINGS LIMITED (REGISTERED NUMBER: 02286732)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

J.M.G. Holdings 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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset or settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 NIL (2023 - 3 ).

J.M.G. HOLDINGS LIMITED (REGISTERED NUMBER: 02286732)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 87,348
DEPRECIATION
At 1 July 2023 86,979
Charge for year 92
At 30 June 2024 87,071
NET BOOK VALUE
At 30 June 2024 277
At 30 June 2023 369

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023
and 30 June 2024 45,151
NET BOOK VALUE
At 30 June 2024 45,151
At 30 June 2023 45,151

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 4,731,505
Additions 23,285
At 30 June 2024 4,754,790
NET BOOK VALUE
At 30 June 2024 4,754,790
At 30 June 2023 4,731,505

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 27,500
Other debtors 1,111,840 1,048,676
1,111,840 1,076,176

J.M.G. HOLDINGS LIMITED (REGISTERED NUMBER: 02286732)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 11,047 9,370

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Taxation and social security 118,725 67,421
Other creditors 2,647,870 2,534,935
2,776,595 2,612,356

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 9,167 19,167