JJM (Holdings) UK Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 07185151 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

JJM (Holdings) UK Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T S Gill

J S Gill

REGISTERED OFFICE:

51 Gloucester Terrace

London

United Kingdom

W2 3DQ

REGISTERED NUMBER:

07185151 (England and Wales)

ACCOUNTANTS:

Euro Ashfords (UK) Ltd

2nd Floor,

39 Ludgate hill

London

EC4M 7JN

CURRENT ASSETS

Debtors

4

481,837

Cash at bank

6,924

8,994

488,761

490,831

CREDITORS

Amounts falling due within one year

5

450,563

449,136

NET CURRENT ASSETS

38,198

41,695

TOTAL ASSETS LESS CURRENT
LIABILITIES

38,198

41,695

CAPITAL AND RESERVES

Called up share capital

30,000

Retained earnings

6

8,198

11,695

38,198

41,695

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 3 December 2025 and were signed on its behalf by:

T S Gill - Director

1.	STATUTORY INFORMATION

JJM (Holdings) UK 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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Other debtors

478,981

Prepayments and accrued income

2,856

481,837

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

(2

)

(1

)

Tax

(3,991

)

(3,991

)

Other creditors

276,779

Directors' loan accounts

13,350

Accruals and deferred income

161,799

Accrued expenses

2,628

1,200

450,563

449,136

6.

RESERVES

Retained

earnings

£

At 1 January 2024

11,695

Deficit for the year

(3,497

)

At 31 December 2024

8,198

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

J S Gill

Balance outstanding at start of year

(10,000

)

(10,000

)

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(10,000

)

(10,000

)

T S Gill

Balance outstanding at start of year

(3,350

)

(3,350

)

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(3,350

)

(3,350

)

8.	RELATED PARTY DISCLOSURES

At the balance sheet date, Mr Jagjit Singh Gill & Mr Tarnjit Singh Gill owns 33.33% & 66.67% shares in the company. Therefore, they are the ultimate controlling parties by the virtue of their share.

At the balance sheet date, the company owed £19,163 (2023:£19,163) to Kheri trading Ltd where Mr Tarnjit Singh Gill is the ultimate controlling party of the company.

At the balance sheet date, the company owed £252,474 (2023: £252,474 ) to Kheri Holdings Ltd where Mr Tarnjit Singh Gill is 100% shareholder and a director of the company.

At the balance sheet date, the company was owed £256,872 (2023; £256,872) by its related company Transomas investments Ltd.

At the balance sheet date, the company was owed £24,593 (2023: £24,593) by its related company Gill London I Limited.

At the balance sheet date, the company was owed £53,321 (2023: £53,321) by its related company Gill London II Limited.

At the balance sheet date, the company was owed £19,482 (2023: £19,482) by its related company Whitechurch lane Limited.

At the balance sheet date, the company was owed £35,166 (2023: £35,166) by its related company AAA London I Limited.

At the balance sheet date, the company owed £5,142 (2023: £5,142) to its related company Gill London III Limited.