REGISTERED NUMBER: 06785902 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

JACKPOT PRODUCTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J Whitehall

SECRETARY:

Mrs H Whitehall

REGISTERED OFFICE:

6 Embankment

Putney

London

SW15 1LB

REGISTERED NUMBER:

06785902 (England and Wales)

ACCOUNTANTS:

Thorne Lancaster Parker

5th Floor

Palladium House

1-4 Argyll Street

London

W1F 7TA

BANKERS:

Coutts & Co

440 Strand

London

WC2R 0QS

FIXED ASSETS

Property, plant and equipment

5

95,620

119,096

Investments

6

12,271,135

5,016,891

12,366,755

5,135,987

CURRENT ASSETS

Debtors

7

613,491

1,772,043

Investments

8

-

1,700,000

Cash at bank

1,146,656

4,449,110

1,760,147

7,921,153

CREDITORS

Amounts falling due within one year

9

(1,363,140

)

(1,633,317

)

NET CURRENT ASSETS

397,007

6,287,836

TOTAL ASSETS LESS CURRENT LIABILITIES

12,763,762

11,423,823

PROVISIONS FOR LIABILITIES

10

(22,343

)

(3,188

)

NET ASSETS

12,741,419

11,420,635

CAPITAL AND RESERVES

Called up share capital

11

2

2

Retained earnings

12,741,417

11,420,633

SHAREHOLDERS' FUNDS

12,741,419

11,420,635

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 September 2025 and were signed by:

Mr J Whitehall - Director

1.	STATUTORY INFORMATION

Jackpot Productions 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Revenue

Revenue represents net invoiced sales of goods/services, excluding value added tax.

Property, plant and equipment

Property, plant and equipment are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all property, plant and equipment, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows;

Fixtures and fittings

- 25% on reducing balance

Office equipment

- 25% on reducing balance

The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Financial instruments

Basic financial assets

Trade debtors and cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period basic financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Basic financial assets are derecognised when (a) the contractual rights to the cash flows from the assets expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Basic financial liabilities

Trade creditors, accruals and directors' loan accounts are initially recognised at transaction price and subsequently carried at amortised cost, using the effective interest rate method.

Basic financial liabilities are derecognised when the contractual obligation is discharged, cancelled or expired.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures,

fittings

Office

& equipment

equipment

Totals

£

£

£

COST

At 1 January 2024

213,069

87,050

300,119

Additions

-

8,407

8,407

At 31 December 2024

213,069

95,457

308,526

DEPRECIATION

At 1 January 2024

120,002

61,021

181,023

Charge for year

23,267

8,616

31,883

At 31 December 2024

143,269

69,637

212,906

NET BOOK VALUE

At 31 December 2024

69,800

25,820

95,620

At 31 December 2023

93,067

26,029

119,096

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2024

5,016,891

Additions

20,233,113

Disposals

(13,358,870

)

Revaluations

380,001

At 31 December 2024

12,271,135

NET BOOK VALUE

At 31 December 2024

12,271,135

At 31 December 2023

5,016,891

Cost or valuation at 31 December 2024 is represented by:

Other

investments

£

Valuation in 2024

12,271,135

Market value of listed investments at 31 December 2024 is £12,271,135 (2023: £5,016,891).

Investments (Tribe Discretionary):

£

B/fwd

5,016,891

Additions

3,296,278

Disposals

(3,378,983)

Revaluation

162,219

Income retention group 1 & 2 - Base cost in B.S

35,408

5,131,814

Investments (Tribe Discretionary LR):

£

B/fwd

-

Additions

4,048,486

Disposals

(2,143,562)

Revaluation

93,832

Income retention group 1 & 2 - Base cost in B.S

5,040

2,003,796

Investments (PICTET):

£

B/fwd

-

Additions

12,888,349

Disposals

(7,836,325)

Revaluation

133,693

Accrued income - Journal Accrued income bought & sold

(50,192)

5,135,525

Book cost value of listed investments at 31 December 2024 is £12,007,285 (2023: £7,128,283).

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

66,115

1,353,415

Other debtors

506,289

418,628

VAT

41,087

-

613,491

1,772,043

8.	CURRENT ASSET INVESTMENTS

2024

2023

£

£

Other investments

-

1,700,000

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

4,048

914

Trade creditors

23,598

156,893

Corporation tax

306,657

1,015,222

Social security and other taxes

(1,934

)

204,870

Other creditors

-

(25,787

)

Directors' current accounts

993,771

244,538

Accruals and deferred income

37,000

36,667

1,363,140

1,633,317

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

22,343

3,188

Deferred

tax

£

Balance at 1 January 2024

3,188

Movements in the year

19,155

Balance at 31 December 2024

22,343

The provision for deferred taxation is made up of accelerated capital allowances.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2

12.	RELATED PARTY DISCLOSURES

Loan to director

At the balance sheet date an amount £993,772 (2023: owed to £244,537) was owed to Mr J Whitehall a director. This amount is unsecured, interest free and repayable on demand.

13.	ULTIMATE CONTROLLING PARTY

Mr J Whitehall, the sole director, controls the company by virtue of a controlling interest of 100% of the issued ordinary share capital.