REGISTERED NUMBER: 09560418

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

JUTE HOLDINGS LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

Directors:

R Kyle

T J Mihill

Registered office:

C/o Foresight Group Llp The Shard

32 London Bridge Street

London

SE1 9SG

Registered number:

09560418

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

Directors

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

R Kyle

T J Mihill

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

On behalf of the board:

T J Mihill - Director

23 December 2025

Turnover

-

-

Administrative expenses

(24,000

)

(27,480

)

Operating loss

(24,000

)

(27,480

)

Income from participating interests

2,873,711

2,343,839

2,849,711

2,316,359

Interest payable and similar expenses

(1,993,711

)

(1,507,648

)

Profit before taxation

856,000

808,711

Tax on profit

4

-

156,433

Profit for the financial year

856,000

965,144

Fixed assets

Investments

6

50,600,000

50,600,000

Current assets

Debtors

7

6,486,076

3,654,222

Creditors

Amounts falling due within one year

8

(3,416,649

)

(1,440,795

)

Net current assets

3,069,427

2,213,427

Total assets less current liabilities

53,669,427

52,813,427

Creditors

Amounts falling due after more than one year

9

(34,600,000

)

(34,600,000

)

Net assets

19,069,427

18,213,427

Capital and reserves

Called up share capital

4,245,336

4,245,336

Share premium

11,754,665

11,754,665

Retained earnings

3,069,426

2,213,426

19,069,427

18,213,427

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

T J Mihill - Director

1.	Statutory information

Jute Holdings Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2.	Accounting policies

Basis of preparing the financial statements

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	Employees and directors

The average number of employees during the year was NIL (2024 - NIL).

4.

Taxation

The tax charge on the profit for the year was as follows

31.03.25

31.03.24

£

£

Current Tax:

Uk Corporation tax

214,000

202,178

Deferred Tax

94,168

(237,984

)

Group Relief

-214,000

(120,627

)

Tax on Profit

0

0

5.	Prior year adjustment

In the prior year, all intercompany balances were held as a debtor but to provide clarity the amounts owed from the subsidiaries have been split from the amounts due to the parent company. The loans to the subsidiary companies have now been recognised as an investment.

31/04/2024

31/04/2024

As filed

Restated

Investments

-

50,600,000

Debtors due in less than 1yr

2,146,573

3,226,149

Debtors due in over 1yr

16,000,001

1

Creditors owed in less than 1yr

66,853

(1,440,795

)

Creditors owed in over 1 yr

-

(34,600,000

)

Net assets

18,213,427

18,213,427

6.	Fixed asset investments

Loans to

group

undertakings

£

At 1 April 2024

and 31 March 2025

50,600,000

7.

Debtors

31.3.25

31.3.24

as restated

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

5,987,669

3,226,149

Other debtors

498,406

428,072

6,486,075

3,654,221

Amounts falling due after more than one year:

Other debtors

1

1

Aggregate amounts

6,486,076

3,654,222

8.

Creditors: amounts falling due within one year

31.3.25

31.3.24

as restated

£

£

Trade creditors

6,001

3,481

Amounts owed to group undertakings

3,410,648

1,507,648

Taxation and social security

-

(70,334

)

3,416,649

1,440,795

9.

Creditors: amounts falling due after more than one year

31.3.25

31.3.24

as restated

£

£

Amounts owed to group undertakings

34,600,000

34,600,000