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REGISTERED NUMBER:04995465
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JML DIRECT LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
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Total assets less current liabilities
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For the year ended 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006.
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 director acknowledges his 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 profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
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 profit and loss account 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 by:
The notes on pages 3 to 4 form part of these financial statements.
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JML DIRECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
JML Direct Limited is a private company limited by shares incorporated in England and Wales. The address of its registered office is Chiswick Green, 610 Chiswick High Road, London, W4 5RU.
The Company has not traded during the year or the preceding financial year. During these periods, the company received no income and incurred no expenditure and therefore made neither profit or loss.
The financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).
The average monthly number of employees, including directors, during the year was 0 (2023 - 0).
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Allotted, called up and fully paid
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1,001 (2023 - 1,001) Ordinary shares of £1.00 each
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Financial commitments, guarantees and contingent liabilities
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The company is party to a cross guarantee for the bank borrowings of its parent company. The borrowings represent an asset-based lending facility provided by the parent company's bankers and are secured by way of a fixed and floating charge over the assets of the company. At the year end the liabilities covered by these guarantees totalled £5,913,883 (2023: £5,517,729).
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JML DIRECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Related party transactions
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The company has taken advantage of the exemption available in FRS102 Section 33.1A "Related party disclosures" whereby it has not disclosed transactions with its parent company as it is a wholly owned subsidiary.
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The ultimate parent undertaking at the balance sheet date was BEFB HOLDCO LTD, a company incorporated in England and Wales.
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