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Registration number: 13763503

JM & SK Holdings Ltd
Annual Report and Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

JM & SK Holdings Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 7

JM & SK Holdings Ltd

Company Information

Directors | R Bhala R I Lunga M G Silver

Registered office | 361 Burnley Road Todmorden Lancashire OL14 7DH

Accountants | Burton Sweet Limited Chartered Accountants and Business Advisors Cooper House Lower Charlton Esatate Shepton Mallet Somerset BA4 5QE

JM & SK Holdings Ltd

(Registration number: 13763503)
Balance Sheet
31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investments | 4 | 100 | 100
Current assets |  |  |
Debtors | 5 | 763,928 | 763,928
Cash at bank and in hand |  | 1 | 1
|  | 763,929 | 763,929
Creditors: Amounts falling due within one year | 6 | (341,696) | (341,233)
Net current assets |  | 422,233 | 422,696
Net assets |  | 422,333 | 422,796
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 422,233 | 422,696
Shareholders' funds |  | 422,333 | 422,796

JM & SK Holdings Ltd

(Registration number: 13763503)
Balance Sheet
31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 4 December 2025 and signed on its behalf by:

......................................... R I Lunga Director
......................................... M G Silver Director

JM & SK Holdings Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
361 Burnley Road
Todmorden
Lancashire
OL14 7DH

These financial statements were authorised for issue by the Board on 4 December 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation 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 taxable income.

JM & SK Holdings Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

JM & SK Holdings Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

4 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 100 | 100

Subsidiaries | £
Cost or valuation
At 1 April 2024 | 100
Provision
Carrying amount
At 31 March 2025 | 100
At 31 March 2024 | 100

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

JM & SK Holdings Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
Safespaces (Cornholme) Ltd | England & Wales | Ordinary | 100% | 100%

5 | Debtors

| 2025 £ | 2024 £
Amounts owed by related parties | 763,928 | 763,928
| 763,928 | 763,928

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 341,171 | 340,247
Taxation and social security | - | 385
Accruals and deferred income | 525 | 601
| 341,696 | 341,233