Registered number: 08727870
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NLJIS Holdings Limited
Financial statements
Information for filing with the registrar
30 September 2024
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Balance sheet
At 30 September 2024
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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1
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Balance sheet (continued)
At 30 September 2024
The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 June 2025.
Registered number: 08727870
The notes on pages 3 to 5 form part of these financial statements.
2
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Notes to the financial statements
Year ended 30 September 2024
NLJIS Holdings Limited ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. The address of the registered office is Victoria House, Toward Road, Sunderland, Tyne and Wear, SR1 2QF.
2.Accounting policies
The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.
The following principal accounting policies have been applied:
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the statement of comprehensive income over its useful economic life as shown below.
Goodwill - 40 years straight line
Investments in subsidiaries are measured at cost less accumulated impairment.
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
3
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Notes to the financial statements
Year ended 30 September 2024
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The average monthly number of employees, including directors, during the year was 4 (2023 - 3).
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Investments in subsidiary companies
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4
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Notes to the financial statements
Year ended 30 September 2024
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Creditors: amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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Related party transactions
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Transactions with directors
During the year the directors loaned £245,597 (2023 - £107,878) to the company. Also during the year the directors withdrew £214,180 (2023 - £335,623) from the company. At the balance sheet date the company owed the directors £245,936 (2023 - £214,519). No interest has been charged on these balances.
Just Insurance Agents Limited
Just Insurance Agents Limited is a subsidiary undertaking of this company. During the year Just Insurance Agents Limited advanced NLJIS Holdings Limited £216,785 (2023 - £267,000) and met expenditure on behalf of NLJIS Holdings Limited amounting to £2,840 (2023 - £1,596). NLJIS Limited repaid £260,000 (2023 - £62,500) to Just Insurance Agents Limited during the year. At the balance sheet date Just Insurance Agents Limited were owed £957,538 (2023 - £997,913). The company has not been charged interest on on this amount.
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5
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