REGISTERED NUMBER: 13631119 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Buster Jimmy Glendower Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M G Wright

REGISTERED OFFICE:

47A Queen Street

Derby

DE1 3DE

REGISTERED NUMBER:

13631119 (England and Wales)

ACCOUNTANTS:

Bourne and Co.

Chartered Accountants

6 Lichfield Street

Burton on Trent

Staffordshire

DE14 3RD

FIXED ASSETS

Investments

4

11,284,799

7,776,788

CURRENT ASSETS

Debtors

-

4,794

Cash at bank

120

106

120

4,900

CREDITORS

Amounts falling due within one year

7,106,714

4,490,798

NET CURRENT LIABILITIES

(7,106,594

)

(4,485,898

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,178,205

3,290,890

PROVISIONS FOR LIABILITIES

1,151,927

915,646

NET ASSETS

3,026,278

2,375,244

CAPITAL AND RESERVES

Called up share capital

5

100

100

Revaluation reserve

6

4,717,348

3,376,365

Retained earnings

(1,691,170

)

(1,001,221

)

SHAREHOLDERS' FUNDS

3,026,278

2,375,244

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 director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

M G Wright - Director

1.	STATUTORY INFORMATION

Buster Jimmy Glendower Ltd 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.

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 as modified by the revaluation of certain assets.

Going Concern

The company's investments are held for a return in the medium term. The directors have arranged an ongoing finance line to support the company's objectives and are satisfied that cashflow will be available to meet the company's needs until returns are realised. The accounts have been prepared on the going concern basis which the directors consider to be appropriate.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Fixed asset investments

Other investments held as fixed assets where the fair value can be measured reliably are shown at fair value. The movements in fair value are recognised in the income statement as "Gain/loss on revaluation of investments.

Creditors

Short term creditors are measured at the transaction price.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

At 1 January 2024

7,776,788

Additions

1,993,515

Revaluations

1,824,758

Exchange differences

(310,262

)

At 31 December 2024

11,284,799

NET BOOK VALUE

At 31 December 2024

11,284,799

At 31 December 2023

7,776,788

Cost or valuation at 31 December 2024 is represented by:

Totals

£

Valuation in 2024

6,116,770

Cost

5,168,029

11,284,799

The investments were revalued at 31 December 2024.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

6.

RESERVES

Revaluation

reserve

£

At 1 January 2024

3,376,365

Transfer between reserves

1,340,983

At 31 December 2024

4,717,348

7.	CAPITAL COMMITMENTS

The company is committed to further investment in the investment portfolio to the value of $8,889,411 or the equivalent sterling value of £7,100,169 using the exchange rate ruling at the year end.

8.	RELATED PARTY DISCLOSURES

The balances owed to associated companies at 31 December 2024 was £4,847,517 (2023: £3,555,647).

The balances owed to group companies at 31 December 2024 was £2,259,197 (2023: £935,151).

Interest is being charged at a rate of 2.75% above SONIA on the associated company loan. No interest is being charged on the group loans.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Buster Jimmy Limited.

The ultimate controlling party is Buster Jimmy Holdco Limited.