ACCOUNTS - Final Accounts preparation

Registered number: 13759781

JA (SFPRM) LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

JA (SFPRM) LTD

REGISTERED NUMBER: 13759781

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

	2024	2023
Note	£	£


Current assets
Debtors: amounts falling due within one year	4	19,251	55,193
Cash at bank and in hand		11,879	30,150
		31,130	85,343
Creditors: amounts falling due within one year	5	(75,740)	(189,900)
Net current liabilities		(44,610)	(104,557)

Net liabilities		(44,610)	(104,557)

Capital and reserves
Called up share capital	6	1	1
Profit and loss account		(44,611)	(104,558)
		(44,610)	(104,557)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 September 2025.

A Ah-Lim

Director

The notes on pages 2 to 4 form part of these financial statements.

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JA (SFPRM) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

JA (SFPRM) Ltd is a company limited by shares, incorporated in England and Wales. The address of the registered office is Warehouse W, 3 Western Gateway, London, England, E16 1BD.
The principal activity of the company is that of an introducer.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements are prepared on a going concern basis, despite the Statement of financial position showing net current liabilities of £44,610 (2023 - £104,557). The directors note that the company is trading adequately and has sufficient working capital and other finance available from fellow group and other companies connected with the directors to continue trading for a period of not less than 12 months from the Statement of financial position date. As such, the directors believe that there are no significant uncertainties in their assessment of whether the business is a going concern and therefore have prepared the accounts on a going concern basis.

2.3

Revenue

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. The following criteria must also be met before revenue is recognised:

Rendering of services

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.

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JA (SFPRM) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Taxation

Tax is recognised in the Statement of comprehensive income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Debtors

					2024	2023
					£	£


Trade debtors	14,690	23,958
Amounts owed by connected companies	1,237	19,040
Prepayments and accrued income	3,324	12,195
	19,251	55,193

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JA (SFPRM) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	1,200	5,699
Amounts owed to group undertakings	71,049	61,442
Corporation tax	225	-
Other taxation and social security	1,186	10,739
Accruals and deferred income	2,080	112,020
	75,740	189,900

6.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

1 Ordinary share of £1	1	1

7.	Related party transactions
	The company has taken the exemption available in FRS 102 and has not disclosed transactions between the company and wholly owned group members. During the year, the company incurred staff charges of £Nil (2023 - £773) from a company under common control. Included within creditors due within one year is an amount of £32,061 due to (2023 - £19,040 due from) that company.

8.	Ultimate controlling party

The immediate and ultimate parent undertaking is JAH (SFP) Limited, a company incorporated in England and Wales.
The ultimate controlling parties are the directors by virtue of their majority shareholding in JAH (SFP) Limited.

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