JIBBLE_GROUP_LTD_31_Dec_2024_companies_house_set_of

Jibble Group Ltd

Statement of Financial Position

31 December 2024

		2024		2023
	Note	£		£
Fixed assets
Investments	5	955,212		955,212
Current assets
Debtors	6	2,714,818		2,172,248
Cash at bank and in hand		225		65
		2,715,043		2,172,313
Creditors: amounts falling due within one year	7	(1,150,251	)	(659,258	)
Net current assets		1,564,792		1,513,055
Total assets less current liabilities		2,520,004		2,468,267
Capital and reserves
Called up share capital		894,652		885,802
Share premium		1,634,462		1,590,938
Profit and loss account		(9,110	)	(8,473	)
Shareholders funds		2,520,004		2,468,267

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.

Directors' responsibilities:

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

These

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.

These

financial statements

were approved by the board of directors and authorised for issue on

29 September 2025

, and are signed on behalf of the board by:

A Qureshi

Director

Company registration number:

13210401

Jibble Group Ltd

Notes to the Financial Statements

Year ended

31 December 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

Devonshire House

582 Honeypot Lane

Stanmore

HA7 1JS

, England.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

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 financial statements are prepared in sterling, which is the functional currency of the company.

Going concern

The company meets its day-to-day working capital requirements through its support from group companies. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future; taken to be 12 months from signing the financial statements. No material uncertainties that cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.

Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.

All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Recognition and Measurement

A financial asset or a financial liability is recognised when the entity becomes a party to the contractual provisions of the instrument. All financial instruments are initially recognised at their fair value, which is typically the transaction price.

Financial Assets and Liabilities at Amortised Cost

This category includes trade debtors, trade creditors, and cash and cash equivalents. These are subsequently measured at amortised cost using the effective interest method, less any impairment losses. Cash and cash equivalents, including cash in hand and deposits, are non-derivative financial assets measured at amortised cost.

Impairment of Financial Assets

Financial assets measured at amortised cost, such as trade debtors, are reviewed for objective evidence of impairment at the end of each reporting period. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. This revised version is much more focused and tailored to the company, providing users with a clear and concise understanding of its specific accounting policies.

Investments

Investments in subsidiary undertakings are recognised at cost.

Foreign currencies

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2023: Nil).

5 Investments

	Shares in group undertakings and participating interests
	£
Cost
At 1 January 2024	955,212
At 31 December 2024	955,212
Impairment
At 1 January 2024 and 31 December 2024	-
Carrying amount
At 31 December 2024	955,212
At 31 December 2023	955,212

6 Debtors

	2024		2023
	£		£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	2,714,818		2,172,248

7 Creditors: amounts falling due within one year

	2024	2023
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	952,547	526,321
Other creditors	197,704	132,937
	1,150,251	659,258

8 Related party transactions

During the year the company entered into the following transactions with related parties:

	2024		2023
	£		£
Director’s Loan Account	196,241		84,549

At the balance sheet date, the company owed £196,241 (2023: £84,549) to one of the directors. This balance is included within the Other Creditors. The loan is unsecured, interest-free, and repayable on demand.