REGISTERED NUMBER: 08566286 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

JKC RETAIL LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Jablon

REGISTERED OFFICE:

1 Rosoman Place

London

EC1R 0JY

REGISTERED NUMBER:

08566286 (England and Wales)

AUDITORS:

Numera Partners LLP

Statutory Auditors

4th Floor

Charles House

108-110 Finchley Road

London

NW3 5JJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

97,768

131,304

97,768

131,304

CURRENT ASSETS

Debtors

6

180,712

930,570

Cash at bank

650,068

71,821

830,780

1,002,391

CREDITORS

Amounts falling due within one year

7

2,076,272

2,190,284

NET CURRENT LIABILITIES

(1,245,492

)

(1,187,893

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,147,724

)

(1,056,589

)

PROVISIONS FOR LIABILITIES

9

11,666

11,666

NET LIABILITIES

(1,159,390

)

(1,068,255

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(1,159,391

)

(1,068,256

)

(1,159,390

)

(1,068,255

)

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

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

The financial statements were approved by the director and authorised for issue on 21 May 2026 and were signed by:

S Jablon - Director

1.	STATUTORY INFORMATION

JKC Retail Ltd. 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 (£), rounded to the nearest Pound.

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.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilites that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revisions affects both current and future periods.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue from the sales of good is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on dispatch of the goods.

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.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using straight-line method

Short leasehold - over the term of the lease

Fixtures and fittings - 25% straight line

Office equipment - 25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Comprehensive Income.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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 contractual provisions of the instruments.

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 instruments, 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.

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, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Going concern

The financial statements have been prepared on a going concern basis. The company made a loss before tax of £91,135 (2024: 125,477) and had net current liabilities of £1,245,492 (2024: £1,187,893) and net liabilities of £1,159,390 (2024: £1,068,255) at 31 August 2025.

The director considers that the going concern basis is appropriate as the parent company and fellow subsidiaries have confirmed their willingness and ability to support the company for at least 12 months from the approval date of the financial statements.

The director has considered the annual budget, future cash flow forecasts and other relevant information in forming their assessment of the going concern policy.

Based on this assessment and having regard to the resources available to the entity, the director has concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the accounts.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 September 2024

and 31 August 2025

14,500

AMORTISATION

At 1 September 2024

and 31 August 2025

14,500

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Office

and

leasehold

equipment

fittings

Totals

£

£

£

£

COST

At 1 September 2024

158,386

19,580

418,468

596,434

Additions

-

3,638

40,440

44,078

Disposals

(37,716

)

(17,613

)

(243,369

)

(298,698

)

At 31 August 2025

120,670

5,605

215,539

341,814

DEPRECIATION

At 1 September 2024

89,264

16,810

359,056

465,130

Charge for year

15,741

905

13,334

29,980

Eliminated on disposal

(20,903

)

(12,180

)

(217,981

)

(251,064

)

At 31 August 2025

84,102

5,535

154,409

244,046

NET BOOK VALUE

At 31 August 2025

36,568

70

61,130

97,768

At 31 August 2024

69,122

2,770

59,412

131,304

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

36,755

61,650

Amounts owed by group undertakings

104,282

750,213

Other debtors

39,675

118,707

180,712

930,570

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade creditors

54,490

48,875

Amounts owed to group undertakings

1,908,370

1,954,637

Taxation and social security

33,102

69,318

Other creditors

80,310

117,454

2,076,272

2,190,284

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.8.25

31.8.24

£

£

Within one year

87,888

223,460

Between one and five years

-

886,133

In more than five years

-

337,500

87,888

1,447,093

9.	PROVISIONS FOR LIABILITIES

31.8.25

31.8.24

£

£

Deferred tax

11,666

11,666

Deferred

tax

£

Balance at 1 September 2024

11,666

Balance at 31 August 2025

11,666

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Giles Cohen (Senior Statutory Auditor)

for and on behalf of Numera Partners LLP

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption contained in FRS 102, Section 1AC.35, and has not disclosed transactions with group companies on the grounds that consolidated financial statements are prepared by the parent company, SPL J Holdings Limited and these are publicly available.

12.	PARENT COMPANY

SPL J Holdings Limited is the smallest group undertaking to prepare consolidated financial statements that include JKC Retail Ltd.. The registered office of this company is 1 Rosoman Place, London, England, EC1R 0JY.

The group financial statements ae available to the public and may be obtained from the registered office or Companies House.