Registration number: 10519087

JSPS Holding UK Ltd

(Registration number: 10519087)

Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	3	6,818	-
Investment property	4	720,000	720,000
Other financial assets	5	3,094,502	3,094,502
		3,821,320	3,814,502
Current assets
Cash at bank and in hand		284,814	287,254
Creditors: Amounts falling due within one year	6	(3,998,379)	(3,998,192)
Net current liabilities		(3,713,565)	(3,710,938)
Total assets less current liabilities		107,755	103,564
Provisions for liabilities		(21,808)	(25,715)
Net assets		85,947	77,849
Capital and reserves
Called up share capital		100	100
Revaluation reserve		90,647	86,740
Retained earnings		(4,800)	(8,991)
Shareholders' funds		85,947	77,849

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

JSPS Holding UK Ltd

(Registration number: 10519087)

Balance Sheet as at 31 December 2024 (continued)

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 1 September 2025 and signed on its behalf by:
 

.........................................

Mr J S Pickard

Director

JSPS Holding UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	Accounting policies

Statutory information

JSPS Holding UK Ltd is a private company, limited by shares, domiciled in England and Wales, company number 10519087. The registered office is at Stone Farm Bungalow, Hermit Hill, Wortley, Sheffield, S35 7DF.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises rents receivable.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tas losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

JSPS Holding UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

1	Accounting policies (continued)

Investment property

Investment properties are initially recognised at purchase price plus any directly attributable costs. Measurement after initial recognition should be at fair value if that value can be measured reliably without undue cost or effort. Changes in fair value are recognised in the accumulated profit and loss reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

JSPS Holding UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

3	Tangible assets

	Office equipment £	Total £
Cost or valuation
Additions	7,438	7,438
At 31 December 2024	7,438	7,438
Depreciation
Charge for the year	620	620
At 31 December 2024	620	620
Carrying amount
At 31 December 2024	6,818	6,818

4	Investment properties

	2024 £
At 1 January 2024	720,000
At 31 December 2024	720,000