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REGISTERED NUMBER: 13084335 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

JJAS HOLDINGS LTD
Magma Audit LLP
16 Davy Court
Castle Mound Way
Rugby, CV23 0UZ
Magma Audit LLP is part
Of the Dains Group








JJAS HOLDINGS LTD (REGISTERED NUMBER: 13084335)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JJAS HOLDINGS LTD

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: J M Sarkies
A D Sarkies
J R Sarkies
E A Sarkies





SECRETARY: E A Sarkies





REGISTERED OFFICE: 8 Consul Road
Rugby
CV21 1PB





REGISTERED NUMBER: 13084335 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
16 Davy Court
Castle Mound Way
Rugby, CV23 0UZ
Magma Audit LLP is part
Of the Dains Group
Page 1
JJAS HOLDINGS LTD (REGISTERED NUMBER: 13084335)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 250,425 250,425

CURRENT ASSETS
Debtors 5 2,554 19,835
Cash at bank 193,980 137,441
196,534 157,276
CREDITORS
Amounts falling due within one year 6 (334,961 ) (332,148 )
NET CURRENT LIABILITIES (138,427 ) (174,872 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
111,998
75,553

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 111,878 75,433
111,998 75,553

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 16 September 2025 and were signed on its behalf by:





E A Sarkies - Director


The notes form part of these financial statements

Page 2
JJAS HOLDINGS LTD (REGISTERED NUMBER: 13084335)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024


1. STATUTORY INFORMATION

JJAS Holdings Ltd is a private company, limited by shares, registered in England and Wales. Its registered office address is 8 Consul Road, Rugby, England, CV21 1PB and the registered number is 13084335.

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.

The presentational currency of the financial statements is the Pound Sterling (£) and figures are rounded to the nearest £1.

Turnover
Turnover is measured as the fair value of the consideration for rental of owned property received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.


Page 3 continued...
JJAS HOLDINGS LTD (REGISTERED NUMBER: 13084335)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


2. ACCOUNTING POLICIES - continued
Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term 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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 250,425
NET BOOK VALUE
At 31 December 2024 250,425
At 31 December 2023 250,425

The directors consider this to be an accurate reflection of fair value as at 31 December 2024.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 17,627
Other debtors 2,554 2,208
2,554 19,835

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 20 20
Taxation and social security 14,430 12,038
Other creditors 320,511 320,090
334,961 332,148

Page 4 continued...
JJAS HOLDINGS LTD (REGISTERED NUMBER: 13084335)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


7. RELATED PARTY DISCLOSURES

At 31 December 2024, JJAS Holdings Limited owed £305,000 (2023: £305,000) to a company with common directorships. Services totalling £52,199 (2023: £52,056) were sold to the company during the year.

Page 5