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Registration number: 05487891

JCE Capital Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 30 June 2025

JCE Capital Limited

Contents

Section | Page
Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 8

JCE Capital Limited

Company Information

Director | J E de Champs

Company secretary | Goodwille Limited

Registered office | 1 Chapel Street Warwick Warwickshire CV34 4HL

Accountants | Shaw Gibbs Limited Salatin House 19 Cedar Road Sutton Surrey SM2 5DA

JCE Capital Limited

(Registration number: 05487891)
Statement Financial Position as at 30 June 2025

| Note | 2025 £ | 2024 £
Non-current assets |  |  |
Other financial assets | 4 | 9,389,222 | 8,307,508
Property plant and equipment | 5 | 45,357 | 68,035
|  | 9,434,579 | 8,375,543
Current assets |  |  |
Debtors | 6 | 178,832 | 320,093
Cash at bank and in hand |  | - | 84,957
|  | 178,832 | 405,050
Creditors: Amounts falling due within one year | 7 | (1,521,774) | (30,130)
Net current (liabilities)/assets |  | (1,342,942) | 374,920
Total assets less current liabilities |  | 8,091,637 | 8,750,463
Provisions for liabilities |  | (137,121) | (57,385)
Net assets |  | 7,954,516 | 8,693,078
Equity |  |  |
Called up share capital | 8 | 1 | 1
Profit and loss account | 8 | 7,954,515 | 8,693,077
Total equity |  | 7,954,516 | 8,693,078

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Income Statement has been taken.

Approved and authorised by the director on 25 March 2026

.........................................

J E de Champs
Director

JCE Capital Limited

Notes to the Financial Statements
for the Year Ended 30 June 2025

1 | General information

JCE Capital Limited (the 'company') is a private company limited by share capital incorporated in England and Wales under the Companies Act. The address of the registered office is given on page 1. The nature of the company’s operations and its principal activities are set out in the director's report on page 2.

2 | Accounting policies

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.

Going concern

No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director and in consequence these financial statements have been prepared on a going concern basis.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

The functional currency of the company is considered to be pounds sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pounds sterling (£).

Exemption from preparing group accounts

The company and its subsidiaries comprise a small group. The company has therefore taken advantage of the exemption provided in Section 399 of the Companies Act 2006 not to prepare group financial statements and accordingly these financial statements present information about the company as a single undertaking.

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the provision of fund management services together with profit/losses arising on disposal of listed securities. The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

JCE Capital Limited

Notes to the Financial Statements
for the Year Ended 30 June 2025 (continued)

2 | Accounting policies (continued)

Foreign currency transactions and balances

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the income statement

Taxation

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Property plant and equipment

Property plant and equipment are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of property plant and equipment includes directly attributable incremental costs incurred in their acquisition and installation.

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
Yacht | 5 years - straight line basis

JCE Capital Limited

Notes to the Financial Statements
for the Year Ended 30 June 2025 (continued)

2 | Accounting policies (continued)

Investments and other financial assets

Investments in subsidiaries are stated at cost less provision for impairment.
The carrying value of the investments in subsidiary undertakings are reviewed as necessary for impairment. Impairment is calculated as the difference between the carrying value and the estimated value-in-use or disposal value if higher. Value-in-use represents the present value of future expected cash flows discounted on a pre-tax basis. The net book amount of the investment is written down where impairment is identified.
Investments in securities which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in securities which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

Debtors

Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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 debtors.

Creditors

Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

JCE Capital Limited

Notes to the Financial Statements
for the Year Ended 30 June 2025 (continued)

2 | Accounting policies (continued)

Derivative financial instruments

The company enters into derivative transactions such as foreign currency swaps in order to manage or hedge its exposure to the risk of changes in currency exchange rates. The company does not enter into derivatives for trading or speculative purposes.
Derivatives are initially recorded at fair value and are re-measured to fair value as calculated by the counter-parties based on market prices at subsequent year end date. Derivatives are carried as assets when the fair value is positive and as liabilities when the fair value is negative. Changes in fair value of highly effective derivatives are recognised through the statement of income and retained earnings.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The company had no employees during the current and the preceding year.

4 | Other financial assets

| 2025 £ | 2024 £
Non-current financial assets
Financial assets at fair value through profit and loss | 9,389,222 | 8,307,508

JCE Capital Limited

Notes to the Financial Statements
for the Year Ended 30 June 2025 (continued)

5 | Property plant and equipment

| Yacht £
Cost
At 1 July 2024 | 113,391
At 30 June 2025 | 113,391
Depreciation
At 1 July 2024 | 45,356
Charge for the year | 22,678
At 30 June 2025 | 68,034
Carrying amount
At 30 June 2025 | 45,357
At 30 June 2024 | 68,035

6 | Debtors

| 2025 £ | 2024 £
Other debtors | 178,832 | 320,093
| 178,832 | 320,093

7 | Creditors

| 2025 £ | 2024 £
Due within one year |  |
Bank overdraft | 1,378,656 | -
Other creditors | 133,668 | 21,130
Accruals and deferred revenue | 9,450 | 9,000
| 1,521,774 | 30,130

JCE Capital Limited

Notes to the Financial Statements
for the Year Ended 30 June 2025 (continued)

8 | Share capital and reserves

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 | 1 | 1 | 1 | 1

The company has one class of share capital which carries no right to fixed income.
Reserves
The retained earnings reserve represents cumulative profit or losses net of dividends paid and other adjustments.

9 | Dividends

| 2025 | 2024
| £ | £
Dividend of £755,000.00 (2024 - £Nil) per ordinary share | 755,000 | -

10 | Related party transactions

At 30 June 2025 the company owed £133,668 (2024: £21,130) to J E de Champs, the director and sole shareholder of JCE Capital Ltd. The indebtedness is unsecured, interest free and repayable on demand.

11 | Control

The ultimate controlling party of the company is J E de Champs by virtue of his 100% interest in the issued share capital of the company.

12 | Events after the financial period

There have been no significant events between the year end and the date of approval of these accounts which would require a change to, or disclosure in, the financial statements.