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Registration number: 16010572

24JTMCL Limited
Unaudited Filleted Financial Statements
for the Period from 10 October 2024 to 31 October 2025

24JTMCL Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

24JTMCL Limited

Company Information

Directors | Mr John Fowle Mrs Constantina Sapanidis

Registered office | 8th Floor 1 Southampton Street London U.K. WC2R 0LR

Accountants | Charter Tax Consulting Limited 8th Floor 1 Southampton Street London WC2R 0LR

24JTMCL Limited

(Registration number: 16010572)
Balance Sheet as at 31 October 2025

| Note | 2025 £
Fixed assets |  |
Other financial assets | 4 | 6,912,834
Creditors: Amounts falling due within one year | 5 | (6,919,536)
Net liabilities |  | (6,702)
Capital and reserves |  |
Called up share capital | 6 | 18
Retained earnings |  | (6,720)
Shareholders' deficit |  | (6,702)

For the financial period ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The directors acknowledge their 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 provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 July 2026 and signed on its behalf by:

Mr John Fowle Director

24JTMCL Limited

Notes to the Unaudited Financial Statements for the Period from 10 October 2024 to 31 October 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
8th Floor
1 Southampton Street
London
WC2R 0LR
U.K.

These financial statements were authorised for issue by the Board on 10 July 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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 financial statements are prepared in Sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Disclosure of long or short period

The company was incorporated on 10 October 2024. These financial statements cover the period from incorporation to 31 October 2025, which is longer than 12 months. As a result, amounts presented in the financial statements may not be directly comparable with future accounting periods.

Going concern

The financial statements have been prepared on a going concern basis.

Investments

Investments in equity shares 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 equity shares 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.

24JTMCL Limited

Notes to the Unaudited Financial Statements for the Period from 10 October 2024 to 31 October 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

24JTMCL Limited

Notes to the Unaudited Financial Statements for the Period from 10 October 2024 to 31 October 2025

4 | Other financial assets (current and non-current)

| Financial assets at cost less impairment £ | Total £
Non-current financial assets
Cost or valuation
Additions | 6,912,834 | 6,912,834
At 31 October 2025 | 6,912,834 | 6,912,834
Impairment
Carrying amount
At 31 October 2025 | 6,912,834 | 6,912,834

5 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £
Due within one year |  |
Loans and borrowings | 7 | 6,912,834
Accruals and deferred income |  | 2,520
Other creditors |  | 4,182
|  | 6,919,536

24JTMCL Limited

Notes to the Unaudited Financial Statements for the Period from 10 October 2024 to 31 October 2025

6 | Share capital

Allotted, called up and fully paid shares

| 2025
| No. | £
A Capital shares of £1 each | 6 | 6
B Capital shares of £1 each | 3 | 3
Voting shares of £1 each | 6 | 6
A Income shares of £1 each | 1 | 1
B Income shares of £1 each | 1 | 1
C Income shares of £1 each | 1 | 1
| 18 | 18

During the period, the company issued 18 ordinary shares with a nominal value of £1 each for total consideration of £18. Following the issue, the company's issued share capital was reorganised by the re-designation of 6 Ordinary shares as Voting Shares, 6 Ordinary shares as A Capital shares, 3 Ordinary shares as B Capital shares, 1 Ordinary share as an A Income share, 1 Ordinary share as a B Income share and 1 Ordinary share as a C Income share. The total number of issued shares and aggregate nominal value remained unchanged following the re-designation.
A and B Capital shares carry no voting or dividend rights and participate in capital distributions in accordance with the Articles of Association.
Voting shares carry one vote per share and have no entitlement to dividends or return of capital.
A, B and C Income shares carry no voting or capital rights and entitle holders to dividends declared by the Board, which may differ between classes.

7 | Loans and borrowings

Current loans and borrowings

| 2025 £
Other borrowings | 6,912,834

Included within other borrowings is a loan due to a director of £6,912,834. The loan is unsecured, interest-free and repayable on demand.

24JTMCL Limited

Notes to the Unaudited Financial Statements for the Period from 10 October 2024 to 31 October 2025

8 | Related party transactions

Summary of transactions with key management

At 31 October 2025, the company owed the director £6,917,016. During the period, the director settled accountancy fees on behalf of the company. The amount due also includes a loan due to the director arising from the transfer of shares by the director to the company. The balance is interest free and repayable on demand.

9 | Parent and ultimate parent undertaking

The ultimate controlling party is Mr John Fowle and Mrs Constantina Sapanidis.