JTC (UK) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 4301763

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		13,556		6,338
Tangible Assets	5		898,733		1,008,206
Investments	6		2,119,382		803

			3,031,671		1,015,347
CURRENT ASSETS
Debtors	7	9,537,996		4,009,388
Cash at bank and in hand		945,452		683,419

		10,483,448		4,692,807
Creditors: Amounts Falling Due Within One Year	8	(7,544,868 )		(2,028,412 )

NET CURRENT ASSETS (LIABILITIES)			2,938,580		2,664,395

TOTAL ASSETS LESS CURRENT LIABILITIES			5,970,251		3,679,742

Creditors: Amounts Falling Due After More Than One Year	9		(561,503 )		(677,560 )

NET ASSETS			5,408,748		3,002,182

CAPITAL AND RESERVES
Called up share capital	10		100		100
Capital redemption reserve			754,941		-
Other reserves			2,389,293		76,421
Profit and Loss Account			2,264,414		2,925,661

SHAREHOLDERS' FUNDS			5,408,748		3,002,182

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JTC (UK) Limited

Balance Sheet (continued)

As At 31 December 2024

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Howard William John Cameron

Director

26th September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

JTC (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 4301763 . The registered office is The Scalpel, 18th Floor, 52 Lime Street, London, EC3M 7AF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is calculated, using the straight-line method, to allocate the depreciable amount of the assets to their residual values over their estimated useful lives, as follows:

Computer software licences - 4 years

Amortisation is recognised within general and administration costs in the profit and loss account.

Where factors, such as technological advancement or changes in market price, indicate that residual value or useful life have changed, the residual value, useful life or amortisation rate are amended prospectively to reflect the new circumstances. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired.

Costs associated with maintaining computer software are recognised as an expense as incurred.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	over the period of the lease
Fixtures & Fittings	4 years
Computer Equipment	4 years

3. Average Number of Employees

Average number of employees, including directors, during the year was: 108 (2023: 94)

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JTC (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	27,391
Additions	13,303

As at 31 December 2024	40,694

Amortisation
As at 1 January 2024	21,053
Provided during the period	6,085

As at 31 December 2024	27,138

Net Book Value
As at 31 December 2024	13,556

As at 1 January 2024	6,338

5. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	1,305,782	205,255	196,078	1,707,115
Additions	19,557	945	52,753	73,255

As at 31 December 2024	1,325,339	206,200	248,831	1,780,370

Depreciation
As at 1 January 2024	418,611	159,092	121,206	698,909
Provided during the period	125,397	16,331	41,000	182,728

As at 31 December 2024	544,008	175,423	162,206	881,637

Net Book Value
As at 31 December 2024	781,331	30,777	86,625	898,733

As at 1 January 2024	887,171	46,163	74,872	1,008,206

6. Investments

	Listed
	£
Cost
As at 1 January 2024	803
Additions	2,118,579

As at 31 December 2024	2,119,382

Provision
As at 1 January 2024	-

As at 31 December 2024	-

...CONTINUED

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JTC (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	2,119,382

As at 1 January 2024	803

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	9,537,996	4,009,388

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	7,544,868	2,028,412

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Trade creditors	379,687	497,851
Other creditors	181,816	179,709

	561,503	677,560

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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