REGISTERED NUMBER: 07326007 (England and Wales)

JP Lagoon Limited

Unaudited Financial Statements

for the Year Ended 31st July 2025

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs H Jung

Mr C S Povey

REGISTERED OFFICE:

139 Alexandra Road

Wimbledon

London

SW19 7JY

REGISTERED NUMBER:

07326007 (England and Wales)

ACCOUNTANTS:

Naail & Co

Chartered Certified Accountants

69 Lambeth Walk

London

SE11 6DX

FIXED ASSETS

Intangible assets

5

-

-

Property, plant and equipment

6

46,508

40,985

46,508

40,985

CURRENT ASSETS

Inventories

16,200

15,800

Debtors

36,813

14,216

Cash at bank and in hand

100,652

104,387

153,665

134,403

CREDITORS

Amounts falling due within one year

29,410

28,810

NET CURRENT ASSETS

124,255

105,593

TOTAL ASSETS LESS CURRENT LIABILITIES

170,763

146,578

PROVISIONS FOR LIABILITIES

7

6,515

7,787

NET ASSETS

164,248

138,791

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

164,246

138,789

SHAREHOLDERS' FUNDS

164,248

138,791

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st July 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th April 2026 and were signed on its behalf by:

Mrs H Jung - Director

1.	STATUTORY INFORMATION

JP Lagoon Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is generated from the ordinary activities of the business and is recognised when the right to consideration becomes due.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

20% on reducing balance

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

In the director's assessment of the company's ability to continue as a going concern, there are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 10 ) .

5.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st August 2024

and 31st July 2025

9,323

AMORTISATION

At 1st August 2024

and 31st July 2025

9,323

NET BOOK VALUE

At 31st July 2025

-

At 31st July 2024

-

6.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1st August 2024

165,309

Additions

13,652

At 31st July 2025

178,961

DEPRECIATION

At 1st August 2024

124,324

Charge for year

8,129

At 31st July 2025

132,453

NET BOOK VALUE

At 31st July 2025

46,508

At 31st July 2024

40,985

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

6,515

7,787

Deferred

tax

£

Balance at 1st August 2024

7,787

Credit to Income Statement during year

(1,272

)

Balance at 31st July 2025

6,515

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 were paid to the directors .

Mrs H Jung

Director & Shareholder

At the reporting date, Mrs Jung owed £19,000 (2024: Nil) to the company. This was an interest-free loan, which the director has now repaid in full on 28/02/2026.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs H Jung.