JIBBLE_LTD_31_Dec_2024_companies_house_set_of

Jibble Ltd

Statement of Financial Position

31 December 2024

		2024		2023
	Note	£		£
Current assets
Debtors	5	79,179		2,505
Cash at bank and in hand		47,650		46,002
		126,829		48,507
Creditors: amounts falling due within one year	6	(2,743,657	)	(2,152,826	)
Net current liabilities		(2,616,828	)	(2,104,319	)
Total assets less current liabilities		(2,616,828	)	(2,104,319	)
Capital and reserves
Called up share capital		72		72
Profit and loss account		(2,616,900	)	(2,104,391	)
Shareholders deficit		(2,616,828	)	(2,104,319	)

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:

13239371

Jibble 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 financial statements have been prepared on the going concern basis which the directors consider to be appropriate for the following reasons.

The company meets its day to day working capital requirements from cash resources and support from the parent company. The going concern assessment of the company is dependent on that of the group as a whole. The directors have performed a going concern assessment for a period of 12 months from the date of approval of these financial statements which indicate that, taking into account of reasonably possible downsides, the company will have sufficient funds through funding from its parent, Jibble Group Ltd. The parent has indicated its intention to continue to make available such funds as are needed by the company at the balance sheet date for 12 months from the date of approval of these financial statements. As with any company placing reliance on other group companies for financial support, the directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so.

Based on these indications the directors believe that it remains appropriate to prepare the financial statements on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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.

Operating leases

A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

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

(2023:

5 Debtors

	2024	2023
	£	£
Trade debtors	75,931	196
Amounts owed by group undertakings and undertakings in which the company has a participating interest	3,248	2,309
	79,179	2,505

6 Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	14,794	11,392
Amounts owed to group undertakings and undertakings in which the company has a participating interest	2,157,196	1,859,575
Taxation and social security	8,376	2,668
Other creditors	563,291	279,191
	2,743,657	2,152,826

7 Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

8 Controlling party

The ultimate parent undertaking and controlling party is Jibble Group Limited (a private limited company incorporated in England and Wales). The registered office address of Jibble Group Limited is Devonshire House, 582 Honeypot Lane, Stanmore, England, HA7 1JS.