Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31No description of principal activity2024-01-01false1414truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14537380 2024-01-01 2024-12-31 14537380 2023-01-01 2023-12-31 14537380 2024-12-31 14537380 2023-12-31 14537380 2023-01-01 14537380 c:Director2 2024-01-01 2024-12-31 14537380 d:PlantMachinery 2024-01-01 2024-12-31 14537380 d:PlantMachinery 2024-12-31 14537380 d:PlantMachinery 2023-12-31 14537380 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 14537380 d:FurnitureFittings 2024-01-01 2024-12-31 14537380 d:FurnitureFittings 2024-12-31 14537380 d:FurnitureFittings 2023-12-31 14537380 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 14537380 d:OfficeEquipment 2024-01-01 2024-12-31 14537380 d:OfficeEquipment 2024-12-31 14537380 d:OfficeEquipment 2023-12-31 14537380 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 14537380 d:ComputerEquipment 2024-01-01 2024-12-31 14537380 d:ComputerEquipment 2024-12-31 14537380 d:ComputerEquipment 2023-12-31 14537380 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 14537380 d:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 14537380 d:OtherPropertyPlantEquipment 2024-12-31 14537380 d:OtherPropertyPlantEquipment 2023-12-31 14537380 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 14537380 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 14537380 d:PatentsTrademarksLicencesConcessionsSimilar 2024-12-31 14537380 d:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 14537380 d:Goodwill 2024-01-01 2024-12-31 14537380 d:Goodwill 2024-12-31 14537380 d:Goodwill 2023-12-31 14537380 d:CurrentFinancialInstruments 2024-12-31 14537380 d:CurrentFinancialInstruments 2023-12-31 14537380 d:Non-currentFinancialInstruments 2024-12-31 14537380 d:Non-currentFinancialInstruments 2023-12-31 14537380 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 14537380 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14537380 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 14537380 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 14537380 d:ShareCapital 2024-01-01 2024-12-31 14537380 d:ShareCapital 2024-12-31 14537380 d:ShareCapital 2023-01-01 2023-12-31 14537380 d:ShareCapital 2023-12-31 14537380 d:ShareCapital 2023-01-01 14537380 d:SharePremium 2024-01-01 2024-12-31 14537380 d:SharePremium 2024-12-31 14537380 d:SharePremium 2023-01-01 2023-12-31 14537380 d:SharePremium 2023-12-31 14537380 d:SharePremium 2023-01-01 14537380 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 14537380 d:RetainedEarningsAccumulatedLosses 2024-12-31 14537380 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 14537380 d:RetainedEarningsAccumulatedLosses 2023-12-31 14537380 d:RetainedEarningsAccumulatedLosses 2023-01-01 14537380 c:FRS102 2024-01-01 2024-12-31 14537380 c:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 14537380 c:FullAccounts 2024-01-01 2024-12-31 14537380 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14537380 2 2024-01-01 2024-12-31 14537380 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 14537380









JAB BOXING CLUB LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
JAB BOXING CLUB LTD
 
 
  
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF JAB BOXING CLUB LTD
FOR THE YEAR ENDED 31 DECEMBER 2024

You consider that the Company is exempt from an audit for the year ended 31 December 2024. You have acknowledged, on the Balance sheet, your responsibilities for ensuring that the Company keeps adequate accounting records which comply with section 386 of the Companies Act 2006, and for preparing the financial statements which give a true and fair view of the state of affairs of the Company and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the financial statements on pages 10 from the accounting records of the Company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these financial statements.

  



Paperchase Business Services Ltd
 
The Courtyard
14A Sydenham Road
Croydon
London
CR0 2EE
1 September 2025
Page 1

 
JAB BOXING CLUB LTD
REGISTERED NUMBER: 14537380

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
3,002
3,002

Tangible assets
 5 
1,328,558
87,896

  
1,331,560
90,898

Current assets
  

Stocks
  
9,400
-

Debtors: amounts falling due within one year
 6 
133,434
36,077

Cash at bank and in hand
 7 
74,865
214,392

  
217,699
250,469

Creditors: amounts falling due within one year
 8 
(770,887)
(255,285)

Net current liabilities
  
 
 
(553,188)
 
 
(4,816)

Total assets less current liabilities
  
778,372
86,082

Creditors: amounts falling due after more than one year
 9 
-
(251,100)

  

Net assets/(liabilities)
  
778,372
(165,018)


Capital and reserves
  

Called up share capital 
  
1
1

Share premium account
  
1,349,980
-

Profit and loss account
  
(571,609)
(165,019)

  
778,372
(165,018)


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.
Page 2

 
JAB BOXING CLUB LTD
REGISTERED NUMBER: 14537380
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Georgie William Veness
Director

Date: 1 September 2025

The notes on pages 5 to 10 form part of these financial statements.

Page 3

 

 
JAB BOXING CLUB LTD


 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024



Called up share capital
Share premium account
Profit and loss account
Total equity


£
£
£
£



At 1 January 2023
1
-
-
1





Loss for the year
-
-
(165,019)
(165,019)

Total comprehensive income for the year
-
-
(165,019)
(165,019)





At 1 January 2024
1
-
(165,019)
(165,018)





Loss for the year
-
-
(406,590)
(406,590)

Total comprehensive income for the year
-
-
(406,590)
(406,590)


Shares issued during the year
0
1,349,980
-
1,349,980



Total transactions with owners
-
1,349,980
-
1,349,980



At 31 December 2024
1
1,349,980
(571,609)
778,372



The notes on pages 5 to 10 form part of these financial statements.

Page 4

 
JAB BOXING CLUB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

The company is a private company limited by shares, registered in England & Wales. The address and company number are as follows:
Registered office: Pendragon House, 65 London Road, St. Albans, Hertfordshire, England, AL1 1LJ.
Company Number : 14537380

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Page 5

 
JAB BOXING CLUB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 6

 
JAB BOXING CLUB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

Intangible assets

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.

Other 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. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

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:

Plant and machinery
-
20%
SLM
Fixtures and fittings
-
25%
SLM
Office equipment
-
33%
SLM
Computer equipment
-
33%
SLM
Other fixed assets
-
7%
SLM

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.

Page 7

 
JAB BOXING CLUB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 14 (2023 - 14).

Page 8

 
JAB BOXING CLUB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Intangible assets




Patents
Goodwill
Total

£
£
£



Cost


At 1 January 2024
2,002
1,000
3,002



At 31 December 2024

2,002
1,000
3,002






Net book value



At 31 December 2024
2,002
1,000
3,002



At 31 December 2023
2,002
1,000
3,002




5.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Computer equipment
Building Improvement & Pre-Ops
Total

£
£
£
£
£
£



Cost or valuation


At 1 January 2024
-
46,998
-
-
40,898
87,896


Additions
19,298
11,740
13,312
5,399
1,229,831
1,279,580



At 31 December 2024

19,298
58,738
13,312
5,399
1,270,729
1,367,476



Depreciation


Charge for the year on owned assets
1,383
10,349
660
377
26,149
38,918



At 31 December 2024

1,383
10,349
660
377
26,149
38,918



Net book value



At 31 December 2024
17,915
48,389
12,652
5,022
1,244,580
1,328,558



At 31 December 2023
-
46,998
-
-
40,898
87,896

Page 9

 
JAB BOXING CLUB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
23,511
-

Other debtors
85,112
20,000

Prepayments and accrued income
24,811
16,077

133,434
36,077



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
74,865
214,392

74,865
214,392



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
230,000
10,000

Trade creditors
284,816
117,286

Other taxation and social security
8,049
15,233

Other creditors
31,715
107,305

Accruals and deferred income
216,307
5,461

770,887
255,285



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
-
251,100

-
251,100


 
Page 10