Jaspar Management Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 3861025

Jaspar Management Ltd

Filleted Unaudited Financial Statements

31 December 2024

Jaspar Management Ltd

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		139,779	208,872

Current assets

Debtors	6	10,180,937	4,395,915
Cash at bank and in hand		529,834	572,741
		-------------	------------
		10,710,771	4,968,656

Creditors: amounts falling due within one year	7	7,132,546		1,421,439
		-------------		------------
Net current assets			3,578,225	3,547,217
			------------	------------
Total assets less current liabilities			3,718,004	3,756,089

Provisions

Taxation including deferred tax	19,355	33,481
	------------	------------
Net assets	3,698,649	3,722,608
	------------	------------

Capital and reserves

Called up share capital	2	2
Profit and loss account	3,698,647	3,722,606
	------------	------------
Shareholders funds	3,698,649	3,722,608
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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 .

Jaspar Management Ltd

Statement of Financial Position (continued)

31 December 2024

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:

S Ladwa	R Pankhania
Director	Director

Company registration number: 3861025

Jaspar Management Ltd

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 173 Cleveland Street, London, W1T 6QR. The trading address of the company is Stanmore House, 15-19 Church Road, Stanmore, Middlesex, HA7 4AR.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Operating leases

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.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Land & Buildings	-	Depreciated over the period of the lease of ten years.
Fixtures, Fittings & Equipment	-	15% reducing balance
Motor Vehicles	-	25% reducing balance

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 12 (2023: 20 ).

5. Tangible assets

	Land and buildings	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 January 2024	125,585	255,153	8,995	389,733
Disposals	–	( 95,304)	–	( 95,304)
	---------	---------	-------	---------
At 31 December 2024	125,585	159,849	8,995	294,429
	---------	---------	-------	---------
Depreciation
At 1 January 2024	50,638	125,023	5,200	180,861
Charge for the year	12,588	13,160	949	26,697
Disposals	–	( 52,908)	–	( 52,908)
	---------	---------	-------	---------
At 31 December 2024	63,226	85,275	6,149	154,650
	---------	---------	-------	---------
Carrying amount
At 31 December 2024	62,359	74,574	2,846	139,779
	---------	---------	-------	---------
At 31 December 2023	74,947	130,130	3,795	208,872
	---------	---------	-------	---------

6. Debtors

	2024	2023
	£	£
Trade debtors	877,164	510,057
Other debtors	9,303,773	3,885,858
	-------------	------------
	10,180,937	4,395,915
	-------------	------------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	204,543	226,270
Corporation tax	18,485	182,749
Social security and other taxes	99,387	36,806
Other creditors	6,810,131	975,614
	------------	------------
	7,132,546	1,421,439
	------------	------------

8. Leasing commitments

The company had annual total commitments under non-cancellable operating leases as detailed below:

	2024	2023
	£	£
Operating leases which expire:

Land and buildings:
Within one year	70,000	70,000
Within two to five years	277,315	280,000
After more than five years		67,315

Motor vehicles:
Within one year	–	4,988

9. Directors' advances, credits and guarantees

During the year a number of loan advances were made to the director, R P Pankhania. The total value of the net advances made during the was £ 7,937 (2023: £1,805). The maximum amount outstanding during the year was £5,527 (2023: (£2,410)). At the balance sheet date the company was owed £5,527 (2023: (£2,410)) and the outstanding loan balance of £5,527 has been repaid back to the company by the director, subsequent to the year end.