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Company No: 12866977 (England and Wales)

JNS HOLDCO LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

JNS HOLDCO LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

JNS HOLDCO LIMITED

COMPANY INFORMATION

For the financial year ended 30 September 2024
JNS HOLDCO LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 September 2024
DIRECTOR J Samuels
REGISTERED OFFICE 11 Crooked Usage
London
N3 3HD
United Kingdom
COMPANY NUMBER 12866977 (England and Wales)
ACCOUNTANT Gravita Business Services Limited
Aldgate Tower
2 Leman Street
London
E1 8FA
United Kingdom
JNS HOLDCO LIMITED

BALANCE SHEET

As at 30 September 2024
JNS HOLDCO LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 3,868,523 3,265,376
3,868,523 3,265,376
Current assets
Debtors 4 24,673 518,686
24,673 518,686
Creditors: amounts falling due within one year 5 ( 10,767) ( 4,620)
Net current assets 13,906 514,066
Total assets less current liabilities 3,882,429 3,779,442
Net assets 3,882,429 3,779,442
Capital and reserves
Called-up share capital 7 7
Share premium account 2,277,994 2,277,994
Profit and loss account 1,604,428 1,501,441
Total shareholders' funds 3,882,429 3,779,442

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of JNS Holdco Limited (registered number: 12866977) were approved and authorised for issue by the Director on 20 June 2025. They were signed on its behalf by:

J Samuels
Director
JNS HOLDCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
JNS HOLDCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

JNS Holdco Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 11 Crooked Usage, London, N3 3HD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either 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.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

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.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Fixed asset investments

2024 2023
£ £
Subsidiary undertakings 1,018,000 1,018,000
Participating interests 1,260,000 1,260,000
Other investments and loans 1,590,523 987,376
3,868,523 3,265,376

Investments in subsidiaries

2024
£
Cost
At 01 October 2023 1,018,000
At 30 September 2024 1,018,000
Carrying value at 30 September 2024 1,018,000
Carrying value at 30 September 2023 1,018,000

Listed investments Investments in associates Total
£ £ £
Cost or valuation before impairment
At 01 October 2023 987,376 1,260,000 2,247,376
Additions 529,929 0 529,929
Disposals ( 3,577) 0 ( 3,577)
Movement in fair value 76,795 0 76,795
At 30 September 2024 1,590,523 1,260,000 2,850,523
Carrying value at 30 September 2024 1,590,523 1,260,000 2,850,523
Carrying value at 30 September 2023 987,376 1,260,000 2,247,376

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
30.09.2024
Ownership
30.09.2023
Held
63 Grays Inn Road Limited UK Investment property Ordinary 100.00% 100.00% Direct
Diamond Gate Investments Limited UK Investment company Ordinary 100.00% 100.00% Direct

4. Debtors

2024 2023
£ £
Amounts owed by own subsidiaries 22,668 516,681
Other debtors 2,005 2,005
24,673 518,686

5. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 7,467 0
Other creditors 3,300 4,620
10,767 4,620

6. Related party transactions

Other related party transactions

At the year end, the company was owed £22,668 (2023: £516,681) by its subsidiary company Diamond Gate Investments Ltd, in respect of an interest free loan repayable on demand.