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REGISTERED NUMBER: 13816228 (England and Wales)















Unaudited Financial Statements

for the Period 1 March 2024 to 31 December 2024

for

JHFI Limited

JHFI Limited (Registered number: 13816228)






Contents of the Financial Statements
for the Period 1 March 2024 to 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JHFI Limited

Company Information
for the Period 1 March 2024 to 31 December 2024







DIRECTOR: Mr James Christopher Harrison





REGISTERED OFFICE: Quinneys, Maypole Road,
Wickham Bishops,
Essex
CM8 3NW





REGISTERED NUMBER: 13816228 (England and Wales)





ACCOUNTANTS: Golder Baqa Limited
Ground Floor
1 Baker's Row
London
EC1R 3DB

JHFI Limited (Registered number: 13816228)

Balance Sheet
31 December 2024

31.12.24 29.2.24
Notes £    £    £    £   
FIXED ASSETS
Investments 5 20,561,121 17,223,675

CURRENT ASSETS
Debtors 6 164,301 -
Cash at bank 26,162 209,585
190,463 209,585
CREDITORS
Amounts falling due within one year 7 16,532,000 16,493,655
NET CURRENT LIABILITIES (16,341,537 ) (16,284,070 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,219,584

939,605

PROVISIONS FOR LIABILITIES 8 823,291 -
NET ASSETS 3,396,293 939,605

CAPITAL AND RESERVES
Called up share capital 300 300
Fair value reserve 9 3,483,759 (42,876 )
Retained earnings (87,766 ) 982,181
3,396,293 939,605

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 5 June 2025 and were signed by:



Mr James Christopher Harrison - Director


JHFI Limited (Registered number: 13816228)

Notes to the Financial Statements
for the Period 1 March 2024 to 31 December 2024

1. STATUTORY INFORMATION

JHFI 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


JHFI Limited (Registered number: 13816228)

Notes to the Financial Statements - continued
for the Period 1 March 2024 to 31 December 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value. For listed investments, market value is based on the closing middle market price on a recognised stock exchange.

Interest and dividend income
Interest income is recognised using the effective interest method.

Dividends receivable are credited to the profit and loss account on an accruals basis. UK dividends are recorded net of attributable tax credits. Foreign dividends are stated inclusive of withholding tax and the tax suffered is included in the tax charge.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2024 - 1 ) .

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2024 17,223,675
Disposals (1,012,480 )
Revaluations 4,349,926
At 31 December 2024 20,561,121
NET BOOK VALUE
At 31 December 2024 20,561,121
At 29 February 2024 17,223,675

JHFI Limited (Registered number: 13816228)

Notes to the Financial Statements - continued
for the Period 1 March 2024 to 31 December 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2024 is represented by:

Other
investments
£   
Valuation in 2023 (1,801,437 )
Valuation in 2024 1,758,561
Valuation in 2024 4,349,926
Cost 16,254,071
20,561,121

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 29.2.24
£    £   
Other debtors 164,301 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 29.2.24
£    £   
Corporation tax - 201,830
Other creditors 1,035,614 -
Directors' loan account 15,489,186 16,286,065
Accruals and deferred income 7,200 5,760
16,532,000 16,493,655

8. PROVISIONS FOR LIABILITIES
31.12.24 29.2.24
£    £   
Deferred tax 823,291 -

Deferred
tax
£   
Provided during period 823,291
Balance at 31 December 2024 823,291

The provision for deferred tax is in relation to the gains arising on the revaluation of investments at the year end .

JHFI Limited (Registered number: 13816228)

Notes to the Financial Statements - continued
for the Period 1 March 2024 to 31 December 2024

9. RESERVES
Fair
value
reserve
£   
At 1 March 2024 (42,876 )
Investment revaluation adjustment 4,349,926
Deferred tax (823,291 )

At 31 December 2024 3,483,759

10. RELATED PARTY DISCLOSURES

At the balance sheet date an amount of £15,489,186 was owed to James Harrison , who is a director. This amount is unsecured, interest free and has no fixed repayment date.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr James Christopher Harrison.