ACCOUNTS - Final Accounts preparation

Registered number: SC829669

IOLLA JVP HOLDINGS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 MARCH 2026

IOLLA JVP HOLDINGS LIMITED

CONTENTS

	Page
Balance Sheet	1
Notes to the Financial Statements	2 - 5

IOLLA JVP HOLDINGS LIMITED

REGISTERED NUMBER: SC829669

BALANCE SHEET

AS AT 30 MARCH 2026

		2026
Note		£

Fixed assets
Investments	4		102
Current assets
Debtors		1
Creditors: amounts falling due within one year	6	(102)
Net current (liabilities)/assets			(101)

Net assets			1

Capital and reserves
Called up share capital			1
			1

For the period ended 30 March 2026 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 August 2026.

A G Manson

Director

Page 1

IOLLA JVP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 MARCH 2026

1.	General information

Iolla JVP Holdings Limited is a private company limited by shares incorporated in Scotland. The registered office is Unit M7 Rosemount Business Park, 143 Charles Street, Glasgow, G21 2QA.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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.

Iolla JVP Holdings Limited is a subsidiary undertaking of Iolla Group Limited, a company registered in Scotland, with their registered office being Unit M7 Rosemount Business Park, 143 Charles Street, Glasgow, G21 2QA.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is a subsidiary qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

2.2

Accounting period

The financial statements have been prepared for the period ended 30 March 2026. During the period, the company changed its accounting reference date from 30 November 2025 to 30 March 2026 to align the financial year end with the rest of the companies in the group.

2.3

Going concern

At the time of approving the financial statements, the directors are confident that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

2.4

Fixed asset investments

Interests in subsidiaries 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.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” 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

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IOLLA JVP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 MARCH 2026

2.Accounting policies (continued)

2.5

Financial instruments (continued)

settle on a net basis or to realise the asset and settle the liability simultaneously.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.8

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.

2.9

Taxation

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

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Employees

The average monthly number of employees, including directors, during the period was 0.

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IOLLA JVP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 MARCH 2026

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 21 November 2024	-
	Additions	102
	At 30 March 2026	102

5.	Subsidiary undertakings
	Subsidiary undertakings
	The following were subsidiary undertakings of the Company:
	Name	Registered office	Class of shares	Holding

	Iolla Cambridge Limited	Unit M7, 143 Charles Street, Glasgow, G21 2QA	B Ordinary	51%
	Iolla Richmond Limited	Unit M7, 143 Charles Street, Glasgow, G21 2QA	B Ordinary	51%

6.	Creditors: Amounts falling due within one year
		2026
		£

	Amounts owed to group undertakings	102
		102

Page 4

IOLLA JVP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 MARCH 2026

7.	Share capital
		2026
		£

		Allotted, called up and fully paid

		1 Ordinary share share of £1.00	1

During the period to 30 March 2026, 1 Ordinary share of £1 was issued.

8.	Related party transactions
	The directors are of the opinion that all related party transactions are conducted under normaly market conditions and on an arm's legnth basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.

9.	Parent company

The ultimate parent company is Iolla Group Limited, a company registered in Scotland.

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