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COMPANY REGISTRATION NUMBER:
10644344
Year Ended 28 February 2025
|
Officers and Professional Advisers |
1 |
|
|
|
Independent Auditor's Report to the Members |
5 to 8 |
|
|
|
Statement of Income and Retained Earnings |
9 |
|
|
|
Statement of Financial Position |
10 |
|
|
|
Notes to the Financial Statements |
11 to 15 |
|
|
|
Officers and Professional Advisers |
|
|
The Board of Directors |
L. Greenhalgh |
|
S.E. Greenhalgh |
|
G. Greenhalgh |
|
|
|
Registered Office |
Avalon House |
|
Bacup |
|
Lancashire |
|
OL13 0EA |
|
|
|
Auditor |
Beever and Struthers |
|
Chartered accountants & statutory auditor |
|
The Beehive |
|
Lions Drive |
|
Shadsworth Business Park |
|
Blackburn |
|
BB1 2QS |
|
|
|
Bankers |
National Westminster Bank Plc |
|
5th Floor |
|
1 Spinningfield Square |
|
Manchester |
|
M3 3AP |
|
|
|
Solicitors |
Forbes Solicitors |
|
Rutherford House |
|
4 Wellington Street (St. Johns) |
|
Blackburn |
|
BB1 8DD |
|
|
Year Ended 28 February 2025
Business Review
On 10 and 11 November 2017 the company acquired the entire issued share capital of J & J Ormerod Plc and European Door Concepts Limited through a share for share exchange. On 12 November 2017 the company was acquired by JJO Holdings Limited through a share for share exchange. Following the group reorganisation referenced above, the company now acts as a non-trading intermediate holding company. During the year, the company paid preference share dividends from its subsidiary companies to its parent company. Due to the nature of the company's activities it does not require the use of financial instruments to mitigate the limited risks it faces. As the company does not carry out any activities of its own the only risk it faces is the loss of value of its subsidiary undertakings. In a difficult year for home improvement market in general, the principal and only active subsidiary company, J & J Ormerod Plc is confident it's strong balance sheet will enable it to take advantage of any opportunities that arise.
This report was approved by the board of directors on 27 August 2025 and signed on behalf of the board by:
|
Registered office: |
|
Avalon House |
|
Bacup |
|
Lancashire |
|
OL13 0EA |
|
Year Ended 28 February 2025
The directors present their report and the financial statements of the company for the year ended
28 February 2025
.
Directors
The directors who served the company during the year were as follows:
|
L. Greenhalgh |
|
|
S.E. Greenhalgh |
|
|
G. Greenhalgh |
|
|
|
Dividends
Dividends of £
51,960
(2024: £51,960) have been paid on the fixed 10% non redeemable preference shares. Under FRS102 this is classed as interest.
Directors' Responsibilities Statement
The directors are responsible for preparing the strategic report, directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Auditor
Each of the persons who is a director at the date of approval of this report confirms that:
-
so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.
This report was approved by the board of directors on
27 August 2025
and signed on behalf of the board by:
|
Registered office: |
|
Avalon House |
|
Bacup |
|
Lancashire |
|
OL13 0EA |
|
|
Independent Auditor's Report to the Members of
JJO Group Limited |
|
Year Ended 28 February 2025
Opinion
We have audited the financial statements of JJO Group Limited (the 'company') for the year ended 28 February 2025 which comprise the statement of income and retained earnings, statement of financial position and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the company's affairs as at 28 February 2025 and of its result for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions Relating to Going Concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other Information
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinions on Other Matters Prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
-
the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
-
the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.
Matters on Which We are Required to Report by Exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.
Responsibilities of Directors
As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor's Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: To assist with identifying and assessing risks associated with material misstatements, including fraud and non compliance of laws and regulations, we carried out the following procedures; - the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; - we identified the laws and regulations applicable to the company through discussions with directors and other management; - we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and - identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: - making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud. To address the risk of fraud through management bias and override of controls, we: - performed analytical procedures to identify any unusual or unexpected relationships; - tested journal entries to identify unusual transactions; - assessed whether judgements and assumptions made in determining the accounting estimates set out in note 2 were indicative of potential bias; and - investigated the rationale behind significant or unusual transactions. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of Our Report
This report is made solely to the company's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
|
Suzanne Lomax BA FCA |
|
(Senior Statutory Auditor) |
|
|
For and on behalf of |
|
Beever and Struthers |
|
Chartered accountants & statutory auditor |
|
The Beehive |
|
Lions Drive |
|
Shadsworth Business Park |
|
Blackburn |
|
BB1 2QS |
|
27 August 2025
|
Statement of Income and Retained Earnings |
|
Year Ended 28 February 2025
|
Income from shares in group undertakings |
4 |
51,960 |
51,960 |
|
Interest payable and similar expenses |
5 |
51,960 |
51,960 |
|
-------- |
-------- |
|
Profit before taxation |
– |
– |
|
|
|
|
|
Tax on profit |
– |
– |
|
---- |
---- |
|
Result for the financial year and total comprehensive income |
– |
– |
|
---- |
---- |
|
|
|
|
Retained earnings at the start of the year |
– |
– |
|
|
|
All the activities of the company are from continuing operations.
|
Statement of Financial Position |
|
28 February 2025
Fixed assets
|
Investments |
6 |
786,179 |
786,179 |
|
|
|
|
Current assets
|
Creditors: amounts falling due within one year |
8 |
(
24,500) |
(
24,500) |
|
--------- |
--------- |
|
Total assets less current liabilities |
786,179 |
786,179 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
9 |
(
519,600) |
(
519,600) |
|
--------- |
--------- |
|
Net assets |
266,579 |
266,579 |
|
--------- |
--------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
10 |
266,579 |
266,579 |
|
--------- |
--------- |
|
Shareholders funds |
266,579 |
266,579 |
|
--------- |
--------- |
|
|
|
|
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the medium companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
27 August 2025
, and are signed on behalf of the board by:
Company registration number:
10644344
|
Notes to the Financial Statements |
|
Year Ended 28 February 2025
1.
General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Avalon House, Bacup, Lancashire, OL13 0EA.
JJO Group Limited
is the holding company of the main trading subsidiary, J & J Ormerod Plc and dormant subsidiary
company European Door Concepts Limited.
2.
Statement of Compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure Exemptions The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of JJO Holdings Limited which can be obtained from Companies House. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. (c) No disclosure has been given for the aggregate remuneration of key management personnel. Consolidation The entity has taken advantage of the exemption from preparing consolidated financial statements contained in Section 400 of the Companies Act 2006 on the basis that it is a subsidiary undertaking and its immediate parent undertaking is established under the law of an EEA State.
Judgements and Key Sources of Estimation Uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows: - Investments are reviewed for impairment using judgements to assess the recoverable amount. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: - Determination of whether there are any indicators of impairment of the company's fixed assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset. Investments Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Impairment of Fixed Assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship (see hedge accounting policy). Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. The preference shares are classified as a financial liability and the dividend is treated as interest as both the dividend and redemption are compulsory. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Income from Shares in Group Undertakings
|
2025 |
2024 |
|
£ |
£ |
|
Dividend received on shares classed as debt |
51,960 |
51,960 |
|
-------- |
-------- |
|
|
|
5.
Interest Payable and Similar Expenses
|
2025 |
2024 |
|
£ |
£ |
|
Dividends paid on shares classed as debt |
51,960 |
51,960 |
|
-------- |
-------- |
|
|
|
6.
Investments
|
Shares in group undertakings |
|
£ |
|
Cost |
|
|
At 1 March 2024 and 28 February 2025 |
786,179 |
|
--------- |
|
Impairment |
|
|
At 1 March 2024 and 28 February 2025 |
– |
|
--------- |
|
|
|
Carrying amount |
|
|
At 28 February 2025 |
786,179 |
|
--------- |
|
At 29 February 2024 |
786,179 |
|
--------- |
|
|
Subsidiaries, associates and other investments
|
Registered office |
Class of share |
Percentage of shares held |
|
Subsidiary undertakings |
|
|
|
|
J & J Ormerod Plc |
England and Wales |
Ordinary |
100 |
|
|
Preference |
100 |
|
European Door Concepts Limited |
England and Wales |
Ordinary |
100 |
|
|
|
|
The subsidiaries have the same registered office as
JJO Group Limited
, details of which are set out in note 1.
7.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Amounts owed by group undertakings |
24,500 |
24,500 |
|
-------- |
-------- |
|
|
|
8.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Amounts owed to group undertakings |
24,500 |
24,500 |
|
-------- |
-------- |
|
|
|
9.
Creditors:
amounts falling due after more than one year
|
2025 |
2024 |
|
£ |
£ |
|
Shares classed as financial liabilities |
519,600 |
519,600 |
|
--------- |
--------- |
|
|
|
10.
Called Up Share Capital
Issued, called up and fully paid
Amounts presented in equity:
|
Ordinary shares of £ 1 each |
266,579 |
266,579 |
266,579 |
266,579 |
|
--------- |
--------- |
--------- |
--------- |
|
|
|
|
|
Amounts presented in liabilities:
|
Fixed 10% non-redeemable cumulative shares of £ 1 each |
519,600 |
519,600 |
519,600 |
519,600 |
|
--------- |
--------- |
--------- |
--------- |
|
|
|
|
|
The Fixed 10% Non Redeemable Cumulative Preference Shares entitle the holders to a Preference dividend to be paid monthly in arrears. On liquidation or otherwise, the holders are entitled to be paid, out of the surplus assets of the company remaining after payment of its liabilities, the capital paid up on the shares together with a sum equal to any accruals or arrears of dividend. The holders are entitled to receive notice of general meetings but are not entitled to attend such meetings and to vote upon any resolution unless the dividend is more than twelve months in arrears on the date of the notice convening the meeting or the resolution is for winding up of the company or the resolution is one which in any way varies the rights or restrictions attaching to the shares. In such circumstances, each share carries one vote.
11.
Reserves
Profit and loss account - This reserve records retained earnings and accumulated losses.
12.
Related Party Transactions
The company is a wholly owned subsidiary of JJO Holdings Limited, the consolidated accounts of which are publicly available. Accordingly, the company has taken advantage of the exemption in FRS 102 Section 33.1A from disclosing transactions with members of the group.
13.
Controlling Party
JJO Group Limited
is a wholly owned subsidiary of JJO Holdings Limited, which is incorporated in Great Britain and registered in England and Wales. The largest group into which JJO Group Limited
is consolidated is that headed by JJO Holdings Limited. The company was controlled by the Allan Greenhalgh Children's Settlement 2012, which was the majority shareholder of JJO Holdings Limited, the ultimate parent company. On 2 March 2021 the J & J Ormerod Employee Ownership Trust acquired 67% of the shares in the ultimate parent company, JJO Holdings Limited. The Employee Ownership Trust is controlled by its trustee J & J Ormerod (EOT) Limited.