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Company registration number: 09021454







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025


JT FINANCIAL MANAGEMENT LIMITED






































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JT FINANCIAL MANAGEMENT LIMITED
 


 
COMPANY INFORMATION


Directors
C J W Tottle 
J E Tottle 
B L M Thomas (appointed 30 September 2024)




Registered number
09021454



Registered office
Victoria House
50-58 Victoria Road

Farnborough

Hampshire

GU14 7PG




Trading Address
Spaces
Austen House

Station View

Guildford

GU1 4AR






Accountants
Menzies LLP
Chartered Accountants

Victoria House

50-58 Victoria Road

Farnborough

Hampshire

GU14 7PG





 


JT FINANCIAL MANAGEMENT LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 8


 


JT FINANCIAL MANAGEMENT LIMITED
REGISTERED NUMBER:09021454



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Intangible assets
 4 
925,740
555,961

Tangible assets
 5 
9,170
12,614

  
934,910
568,575

Current assets
  

Debtors: amounts falling due within one year
 6 
238,866
178,296

Cash at bank and in hand
  
634,566
425,281

  
873,432
603,577

Creditors: amounts falling due within one year
 7 
(377,037)
(122,672)

Net current assets
  
 
 
496,395
 
 
480,905

Total assets less current liabilities
  
1,431,305
1,049,480

Provisions for liabilities
  

Deferred tax
  
(220,515)
(136,255)

  
 
 
(220,515)
 
 
(136,255)

Net assets
  
1,210,790
913,225


Capital and reserves
  

Called up share capital 
  
20,000
25,000

Capital redemption reserve
  
5,000
-

Profit and loss account
  
1,185,790
888,225

  
1,210,790
913,225


Page 1

 


JT FINANCIAL MANAGEMENT LIMITED
REGISTERED NUMBER:09021454


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

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 by: 



................................................
J E Tottle
Director

Date: 28 August 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


JT FINANCIAL MANAGEMENT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

JT Financial Management Limited is a private company limited by shares incorporated in the United Kingdom and registered in England and Wales. The registered office address and principal place of business are disclosed on the company information page.
                  
2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
 
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives, which have been estimated as 5 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


JT FINANCIAL MANAGEMENT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
 
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. 

 Amortisation is provided on the following bases:

Development expenditure
-
20%
Straight Line

Page 4

 


JT FINANCIAL MANAGEMENT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%
Straight Line
Computer equipment
-
33%
Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2024 - 9).

Page 5

 


JT FINANCIAL MANAGEMENT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Intangible assets




Development expenditure

£



Cost


At 1 April 2024
941,072


Additions
614,215



At 31 March 2025

1,555,287



Amortisation


At 1 April 2024
385,111


Charge for the year on owned assets
244,436



At 31 March 2025

629,547



Net book value



At 31 March 2025
925,740



At 31 March 2024
555,961



Page 6

 


JT FINANCIAL MANAGEMENT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost


At 1 April 2024
839
37,617
38,456


Additions
1,595
3,917
5,512



At 31 March 2025

2,434
41,534
43,968



Depreciation


At 1 April 2024
629
25,213
25,842


Charge for the year on owned assets
565
8,391
8,956



At 31 March 2025

1,194
33,604
34,798



Net book value



At 31 March 2025
1,240
7,930
9,170



At 31 March 2024
210
12,404
12,614


6.


Debtors

2025
2024
£
£


Trade debtors
122,079
107,356

Other debtors
17,235
15,706

Prepayments and accrued income
99,552
55,234

238,866
178,296


Page 7

 


JT FINANCIAL MANAGEMENT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
15,231
18,496

Corporation tax
-
25,938

Other taxation and social security
220,548
67,466

Other creditors
96,166
5,122

Accruals and deferred income
45,092
5,650

377,037
122,672



8.


Commitments under operating leases

At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2025
2024
£
£


Not later than 1 year
84,700
83,512

84,700
83,512


9.


Post balance sheet events

On 31 July 2025 the issued share capital of JT Financial Management Limited was acquired in full by JTFM Holdings Limited making it a 100% subsidiary of that company.

Page 8