Company registration number 13019582 (England and Wales)
ST JARNA 72 LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
ST JARNA 72 LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
ST JARNA 72 LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
31 March 2025
31 December 2024
Notes
£
£
£
£
Fixed assets
Investments
3
941,489
1,918,952
Current assets
Debtors
4
347,691
85,626
Cash at bank and in hand
1,016,755
355,649
1,364,446
441,275
Creditors: amounts falling due within one year
5
(24,991)
(10,402)
Net current assets
1,339,455
430,873
Total assets less current liabilities
2,280,944
2,349,825
Provisions for liabilities
5,000
-
Net assets
2,285,944
2,349,825
Capital and reserves
Called up share capital
6
2,306,053
2,306,053
Profit and loss reserves
(20,109)
43,772
Total equity
2,285,944
2,349,825

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 19 March 2026
M R Cunningham
Director
Company registration number 13019582 (England and Wales)
ST JARNA 72 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

St Jarna 72 Limited is a private company limited by shares incorporated in England and Wales. The registered office is 28 Burgess Wood Road South, Beaconsfield, United Kingdom, HP9 1EX.

1.1
Reporting period

The financial statements cover the period from 1 January 2025 to 31 March 2025, a period of 3 months. The comparative period presented is for the 12 months ended 31 December 2024. The year-end was shortened to align with the demerger from the No 12 Victoria Terrace Limited. As a result, the comparative figures are therefore not entirely comparable.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

ST JARNA 72 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

ST JARNA 72 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
- 4 -
2
Employees
2025
2024
Number
Number
Total
1
1
3
Fixed asset investments
2025
2024
£
£
Other investments other than loans
941,489
1,918,952
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 January 2025
1,918,952
Additions
296,729
Valuation changes
(36,028)
Portfolio fees
(16,718)
Income received
8,213
Disposals
(1,229,659)
At 31 March 2025
941,489
Carrying amount
At 31 March 2025
941,489
At 31 December 2024
1,918,952
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Corporation tax recoverable
61,444
61,259
Other debtors
286,247
24,367
347,691
85,626
ST JARNA 72 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
- 5 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
2,352
478
Corporation tax
5,309
5,124
Other creditors
17,330
4,800
24,991
10,402
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary B1 of £1 each
25
25
25
25
Ordinary B2 of £1 each
25
25
25
25
Ordinary B3 of £1 each
25
25
25
25
Ordinary B4 of £1 each
25
25
25
25
Ordinary A of £1 each
2,305,953
2,305,953
2,305,953
2,305,953
2,306,053
2,306,053
2,306,053
2,306,053
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its loss for the period then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Paul Winwood
Statutory Auditor:
Sumer Auditco Limited
Date of audit report:
19 March 2026
ST JARNA 72 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
- 6 -
8
Related party transactions

ACMR Capital Management Limited

During the year, funds of £260,000 (2024: £Nil) were loaned to ACMR Capital Management Limited, a connected company. The total amount owed by ACMR Capital Management Limited to the company at the year-end was £260,000 (2024: £Nil) and is included within other debtors. The amount is interest free and there are no fixed repayment terms.

9
Directors' transactions

Advances have been granted by the company to its directors as follows:

Advances
% Rate
Opening balance
Interest charged
Closing balance
£
£
£
Director loan
2.25
24,367
548
24,915
24,367
548
24,915
10
Parent company

During the year there was a restructruing of the group which resulted in St Jarna 72 Limited demerging from No 12 Victoria Terrace Limited group. Tennant Metallurgical Holdings transferred its shareholding in St Jarna 72 Limited to No 12 Victoria Terrace Limited as a dividend in specie. No 12 Victoria Terrace Limited then carried out a capital reduction which resulted in shares in St Jarna 72 Limited transferring to St Jarna 72 Holdings Limited, on 26th March 2025.

As a result of this the directors now consider that the immediate parent undertaking is St Jarna 72 Holdings Limited. The financial statements for the period up to the demerger are consolidated in No 12 Victoria Terrace Limited. Copies of the No 12 Victoria Terrace Limited financial statements can be obtained at Dunston Innovation Centre, Dunston Road, Chesterfield, Derbyshire, United Kingdom, S31 8NG.

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