JK Enterprises (UK) Ltd

Contents
	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07894103

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	3		-		20,000
Tangible Assets	4		74,106		73,890

			74,106		93,890
CURRENT ASSETS
Debtors	5	1,502,968		1,623,617
Cash at bank and in hand		19,715		64,991

		1,522,683		1,688,608
Creditors: Amounts Falling Due Within One Year	6	(655,779 )		(727,224 )

NET CURRENT ASSETS (LIABILITIES)			866,904		961,384

TOTAL ASSETS LESS CURRENT LIABILITIES			941,010		1,055,274

Creditors: Amounts Falling Due After More Than One Year	7		(244,625 )		(361,186 )

NET ASSETS			696,385		694,088

CAPITAL AND RESERVES
Called up share capital	8		123		123
Profit and Loss Account			696,262		693,965

SHAREHOLDERS' FUNDS			696,385		694,088

Page 1

Page 2

JK Enterprises (UK) Ltd

Balance Sheet (continued)

As At 31 March 2025

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr James Slatter

Director

31/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

1.2. Turnover

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 rendering of services. Turnover is reduced for estimated customer rebates and other similar allowances.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

1.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised

evenly over its estimated useful life of ten years.

1.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Leasehold	15 years
Fixtures & Fittings	15% reducing balance
Computer Equipment	15% reducing balance

1.5. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

2. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 10 (2024: 10)

3. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	300,000

As at 31 March 2025	300,000

Amortisation
As at 1 April 2024	280,000
Provided during the period	20,000

As at 31 March 2025	300,000

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	20,000

Page 3

Page 4

JK Enterprises (UK) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	50,036	3,887	55,700	109,623
Additions	-	10,621	4,726	15,347

As at 31 March 2025	50,036	14,508	60,426	124,970

Depreciation
As at 1 April 2024	6,393	2,048	27,292	35,733
Provided during the period	3,336	2,400	9,395	15,131

As at 31 March 2025	9,729	4,448	36,687	50,864

Net Book Value
As at 31 March 2025	40,307	10,060	23,739	74,106

As at 1 April 2024	43,643	1,839	28,408	73,890

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	23,550	14,226
Work in progress	48,508	64,406
Other debtors	1,430,910	1,544,985

	1,502,968	1,623,617

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	4,123	11,830
Amounts owed to participating interests	529,003	522,503
Other creditors	30,714	28,525
Taxation and social security	91,939	164,366

	655,779	727,224

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other creditors	244,625	361,186

	244,625	361,186

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	123	123

Page 4

Page 5

JK Enterprises (UK) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Related Party Transactions

The company was owed £1,430,810 at the year-end (2024 - £1,544,885) from a related party - COBALT Enterprises (UK) Ltd.

This amount is shown above within Debtors: due within one year.

The loan is on an informal basis with no repayment terms, does not bear interest and is repayable on demand.

Further, the company owed £529,003 at the year-end (2024 - £522,503) to a related party - NGU Investments Ltd.

This amount is shown above within Creditors: amounts falling due within one year.

The loan is on an informal basis with no repayment terms, does not bear interest and is repayable on demand.

10. General Information

JK Enterprises (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07894103 . The registered office is The Embassy, 389 Newport Road, Cardiff, CF24 1TP.

Page 5