REGISTERED NUMBER: 04430935 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Jethro Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A Babatunde

O Ajagbule

SECRETARIES:

A Babatunde

FTI (Secretariat) Ltd

REGISTERED OFFICE:

240 Merton Road

London

SW19 1EQ

REGISTERED NUMBER:

04430935 (England and Wales)

FIXED ASSETS

Intangible assets

4

128,414

87,144

Property, plant and equipment

5

1,763

2,350

130,177

89,494

CURRENT ASSETS

Debtors

6

210,915

226,514

Cash at bank

337,398

577,845

548,313

804,359

CREDITORS

Amounts falling due within one year

7

46,429

63,917

NET CURRENT ASSETS

501,884

740,442

TOTAL ASSETS LESS CURRENT LIABILITIES

632,061

829,936

CAPITAL AND RESERVES

Called up share capital

18,143

18,143

Capital redemption reserve

7,775

7,775

Retained earnings

606,143

804,018

SHAREHOLDERS' FUNDS

632,061

829,936

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

A Babatunde - Director

1.	STATUTORY INFORMATION

Jethro Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the US Dollar ($).

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.

Turnover

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 discount, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised at 10% WDV.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment 25% p.a WDV

Fixtures, fittings & equipment 25% p.a WDV

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expenses that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for the current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into US dollars at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into US dollars at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Going concern

The financial statements have been prepared on a going concern basis. The company has obtained assurances and undertakings from its shareholders that they will continue to support the company for the foreseeable future and meet all third party liabilities as they fall due. Given these undertakings, the directors consider it appropriate to adopt a going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

$

COST

At 1 January 2024

416,060

Additions

55,538

At 31 December 2024

471,598

AMORTISATION

At 1 January 2024

328,916

Charge for year

14,268

At 31 December 2024

343,184

NET BOOK VALUE

At 31 December 2024

128,414

At 31 December 2023

87,144

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

$

COST

At 1 January 2024

and 31 December 2024

44,925

DEPRECIATION

At 1 January 2024

42,575

Charge for year

587

At 31 December 2024

43,162

NET BOOK VALUE

At 31 December 2024

1,763

At 31 December 2023

2,350

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

$

$

Trade debtors

218,581

219,283

Other debtors

(7,666

)

7,231

210,915

226,514

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

$

$

Bank loans and overdrafts

-

1,839

Trade creditors

32,302

28,962

Taxation and social security

1,743

-

Other creditors

12,384

33,116

46,429

63,917

8.	RELATED PARTY DISCLOSURES

The beneficial owners are A Babatunde and O Ajagbule, company directors.