| Jasina Holdings Ltd |
| Notes to the Accounts |
| for the period from 1 February 2024 to 31 March 2025 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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| 2 |
Employees |
2025 |
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2024 |
| Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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| 3 |
Investments |
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| Other |
| investments |
| £ |
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Cost |
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At 1 February 2024 |
1 |
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At 31 March 2025 |
1 |
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Historical cost |
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At 1 February 2024 |
1 |
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At 31 March 2025 |
1 |
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The company owns 50% of the issued share capital of Allinea Corporate Limited, a company registered in England & Wales with company number 11035693.
The fair value of the investments in subsidiary undertakings cannot be reliably measured so is held at cost less impairment losses. The director does not believe any impairment is necessary as there has been no underlying negative change to the business since acquisition. |
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| 4 |
Debtors |
2025 |
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2024 |
| £ |
£ |
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Amounts due from associated undertakings |
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900 |
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- |
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Loans receivable |
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- |
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29,304 |
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900 |
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29,304 |
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| 5 |
Creditors: amounts falling due within one year |
2025 |
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2024 |
| £ |
£ |
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Taxation and social security costs |
1,185 |
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2,655 |
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Other creditors |
540 |
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540 |
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1,725 |
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3,195 |
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| 6 |
Related party transactions |
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An unsecured convertible loan note of £25,000 has been repaid during the period by Eluceda Limited, a company registered in England & Wales and of which Andrew McLintock was a director. Interest accrued at Bank of England base rate plus 8%.
A loan of £900 is outstanding from Allinea Corporate Limited, an associated company registered in England & Wales and of which Andrew McLintock is a director.
Dividends of £29,498 (2024:£27,280) were paid to Andrew McLintock during the period. |
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| 7 |
Controlling party |
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The company is controlled by Andrew McLintock. |
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| 8 |
Other information |
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Jasina Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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C/O Williamson & Croft |
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York House |
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20 York Street |
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Manchester |
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M2 3BB |