REGISTERED NUMBER: 14638295 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

JAMBED LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

M D Davidson

Mrs A M Davidson

Registered office:

3rd Floor

86-90 Paul Street

London

EC2A 4NE

Registered number:

14638295 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69 - 73 Theobalds Road

London

WC1X 8TA

Fixed assets

Tangible assets

4

1,640,397

1,644,401

Current assets

Debtors

5

347,891

367,197

Cash at bank

928,390

53,590

1,276,281

420,787

Creditors

Amounts falling due within one year

6

2,876,142

2,047,957

Net current liabilities

(1,599,861

)

(1,627,170

)

Total assets less current liabilities

40,536

17,231

Capital and reserves

Called up share capital

7

100

100

Retained earnings

40,436

17,131

40,536

17,231

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

Mrs A M Davidson - Director

M D Davidson - Director

1.	Statutory information

Jambed Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was NIL (2023 - NIL).

4.	Tangible fixed assets

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

Cost

At 1 January 2024

and 31 December 2024

1,628,383

908

18,750

1,648,041

Depreciation

At 1 January 2024

-

108

3,532

3,640

Charge for year

-

200

3,804

4,004

At 31 December 2024

-

308

7,336

7,644

Net book value

At 31 December 2024

1,628,383

600

11,414

1,640,397

At 31 December 2023

1,628,383

800

15,218

1,644,401

5.

Debtors

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

11,381

12,056

Other debtors

60,000

-

Loan - Dentons SIPP

127,407

116,887

Prepayments and accrued income

6,078

7,822

204,866

136,765

2024

2023

£

£

Amounts falling due after more than one year:

Loan - Dentons SIPP

103,025

230,432

Other loans

40,000

-

143,025

230,432

Aggregate amounts

347,891

367,197

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Trade creditors

832

2,416

Tax

6,406

655

VAT

11,689

12,097

Other creditors

1,000,000

-

Directors' current accounts

1,824,427

1,999,143

Accruals and deferred income

32,788

33,646

2,876,142

2,047,957

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal value:

£

26

Ordinary A

£1

26

26

Ordinary B

£1

26

24

Ordinary C

£1

24

24

Ordinary D

£1

24

100

8.	Directors' advances, credits and guarantees

9.	Related party disclosures

At the year-end, included in other creditors is £1,000,000 (2023: £nil) owed to shareholders of the company. Interest is not payable on this balance which is repayable on demand.