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Registered number: 10915169
Jarrovian Group Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10915169
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 1,243,588
Tangible Assets 5 - 4,669
Investments 6 - 175,300
- 1,423,557
CURRENT ASSETS
Debtors 7 3,313 275,779
Cash at bank and in hand 3,786 26,263
7,099 302,042
Creditors: Amounts Falling Due Within One Year 8 (9,955 ) (484,926 )
NET CURRENT ASSETS (LIABILITIES) (2,856 ) (182,884 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,856 ) 1,240,673
Creditors: Amounts Falling Due After More Than One Year 9 (479,148 ) (666,563 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (949 )
NET (LIABILITIES)/ASSETS (482,004 ) 573,161
CAPITAL AND RESERVES
Called up share capital 11 485 2,013
Share premium account 53 53
Capital redemption reserve 80 80
Profit and Loss Account (482,622 ) 571,015
SHAREHOLDERS' FUNDS (482,004) 573,161
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
G Price
Director
5th August 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Jarrovian Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10915169 . The registered office is Viewpoint Accountants Ltd Saxon House, 27 Duke Street, Chelmsford, Essex, CM1 1HT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors continue to support the activities of the business.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% per annum reducing balance
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 6)
1 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 1,940,000
Disposals (1,940,000 )
As at 31 December 2024 -
Amortisation
As at 1 January 2024 696,412
Provided during the period 64,668
Disposals (761,080 )
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 1,243,588
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 13,094
Disposals (13,094 )
As at 31 December 2024 -
Depreciation
As at 1 January 2024 8,425
Disposals (8,425 )
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 4,669
Page 4
Page 5
6. Investments
Subsidiaries
£
Cost
As at 1 January 2024 175,300
Disposals (175,300 )
As at 31 December 2024 -
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 175,300
Subsidiary undertakings - holding Ordinary shares
Proportion of voting rights
and shares held
Proportion of voting rights
and shares held
2024
2023
£
£
Jarrovian Wealth Ltd
0%
100%
Jarrovian Trusts & Estates Ltd
0%
100%
Jarrovian Planning & Consultancy Ltd
0%
image
100%
image
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,313 -
Amounts owed by group undertakings - 227,689
Other debtors - 48,090
3,313 275,779
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 308 13,469
Bank loans and overdrafts - 17,589
Other creditors 6,647 404,003
Taxation and social security 3,000 49,865
9,955 484,926
Page 5
Page 6
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 23,226
Other creditors 479,148 643,337
479,148 666,563
10. Secured Creditors
Creditors include trustee loans of £nil (2023 - £491,235) which are secured by a floating charge over the client base. These loans during 2024 were assigned to Jarrovian Wealth Limited.
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 485 2,013
Allotted, called up and fully paid shares
2024
2023
No.
£
No.
£
A Ordinary of £0.01 each
2
0.02
B Ordinary of £0.01 each
2
0.02
2
0.02
C Ordinary of £0.01 each
2
0.02
D Ordinary of £0.01 each
2
0.02
2
0.02
E Ordinary of £0.01 each
2
0.02
2
0.02
F Ordinary of £0.01 each
2
0.02
G Ordinary of £0.01 each
1
0.01
H Ordinary of £0.01 each
2
0.02
I Ordinary of £0.01 each
4,850
48.50
J Ordinary of £0.01 each
48,494
image
484.94
image
196,443
image
1,964.43
image
48,500
image
485.00
image
201,308
image
2,013.08
image
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
Service office £nil (2023: £143,640)
13. Related Party Transactions
Amount owed to the director at the year end was £479,148 (2023: £523,109)
Page 6