Registration number: 10929908

JJL (Witney) Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

JJL (Witney) Limited

(Registration number: 10929908)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Current assets
Debtors	5	228,973	217,011
Cash at bank and in hand		60,527	6,329
		289,500	223,340
Creditors: Amounts falling due within one year	6	(41,430)	(23,576)
Net assets		248,070	199,764
Capital and reserves
Called up share capital	7	100	100
Retained earnings		247,970	199,664
Shareholders' funds		248,070	199,764

For the financial period 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 period 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 December 2025 and signed on its behalf by:
 

......................................... Mr R W Garrett Director

JJL (Witney) Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2024 to 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:
30 St Giles'
Oxford
OX1 3LE

These financial statements were authorised for issue by the Board on 22 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.

Disclosure of long or short period

The current financial period has been shortened to 31 March 2025 to align with the related company year-end.

Going concern

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss.

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 taxable income.

JJL (Witney) Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2024 to 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office Equipment	straight line over 3 years

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 services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price.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

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0 (2024 - 0).

JJL (Witney) Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2024 to 31 March 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 September 2024	1,979	1,979
At 31 March 2025	1,979	1,979
Depreciation
At 1 September 2024	1,979	1,979
At 31 March 2025	1,979	1,979
Carrying amount
At 31 March 2025	-	-

5

Debtors

	Note	2025 £	2024 £
Trade debtors	8	-	75,000
Amounts owed by related parties	8	222,333	137,333
Prepayments		3,390	1,428
Other debtors		3,250	3,250
		228,973	217,011

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	35,813	19,878
Accruals and deferred income	3,872	1,893
Other creditors	1,745	1,805
	41,430	23,576

JJL (Witney) Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2024 to 31 March 2025

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Share Capital of £1 each	100	100	100	100

8	Related party transactions

Summary of transactions with other related parties

Self Assured Underwriting Agencies is a related company due to common ownership. During the year, JJL (Witney) Limited carried out services and invoiced Self Assured Underwriting Agencies for the work done. The intercompany balance at the year end was £222,333 (2024: £212,333).