Registration number:
JMFPAD Holding Limited
for the Period from 1 April 2024 to 31 August 2025
JMFPAD Holding Limited
Contents
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Company Information |
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Strategic Report |
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Director's Report |
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Statement of Director's Responsibilities |
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Independent Auditor's Report |
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Consolidated Profit and Loss Account and Statement of Retained Earnings |
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Consolidated Balance Sheet |
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Balance Sheet |
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Consolidated Statement of Changes in Equity |
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Consolidated Statement of Cash Flows |
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Notes to the Financial Statements |
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Detailed Consolidated Profit and Loss Account |
JMFPAD Holding Limited
Company Information
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Director |
A F Ducher |
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Registered office |
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Auditors |
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JMFPAD Holding Limited
Strategic Report for the period from 1 April 2024 to 31 August 2025
The director presents the strategic report for the period from 1 April 2024 to 31 August 2025.
Principal activity
The principal activity of the Group is the provision of consultancy services to the financial markets industry. The principal activity of the parent company is that of a holding company.
Fair review of the business
The year ending 31 August 2025 represented the first year of the group. Quanteam UK, and Quanteam Bridge were acquired by the holding company, whilst Deltachange Partners and Quanteam Poland were incorporated in the year.
As reported in the group’s profit and loss account, revenue totalled £12,211,637 in the long period of account from 1 April 2024 to 31 August 2025. Quanteam UK observed a fall in revenues in its seventeenth full year of principal business activities. The decrease in revenues is due to a slight decrease in activity in 2025, but also because of the development of other group entities such as DeltaChange Partners as well as international services provided by Quanteam PL.
The profit after tax for the long period of account from 1 April 2024 to 31 August 2025 is £491,536.
The group results for the year and the group financial position at the year-end were considered satisfactory by the director who expects a similar position in revenues in the next 12 months and roughly the same profit which reflects a decision of investing in some particular functions (sales, marketing and AI) with additional headcounts in the cockpit.
The group management team uses a range of performance measures to monitor and manage the business across its different functions.
JMFPAD Holding Limited
Strategic Report for the period from 1 April 2024 to 31 August 2025
Principal risks and uncertainties
The holding company depends on its subsidiaries to generate profits and issue dividends. In providing consultancy services the subsidiaries are dependent upon its clients for its revenues. Therefore, the group faces the risk that these revenues might vary depending on the overall activity levels of the financial markets industry, the level of competition in the industry, and the financial position of its clients. Financial risk management relates to the group's own assets and liabilities. The group has limited exposure to financial instruments; which include cash deposits, trade receivables and payables. The main risks arising from financial instruments are limited exposure to interest rate risk, liquidity risk and credit risk.
Liquidity risk
The group has sufficient access to funds and is a going concern.
Interest rate risk
The group is exposed to interest rate risk with regard to its cash holdings. The group does not have any borrowings, and surplus funds are placed on a savings account. These cash holdings are held at variable rates.
Credit risk
The group’s debtors include large financial institutions and group entities. The management team carefully considers its clients' financial abilities to meet their financial obligations towards the group. As such the group has determined that the credit risk minimal in relation to the majority of the debtors. The group invests available cash with a credible global bank.
Approved and authorised by the
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JMFPAD Holding Limited
Director's Report for the Period from 1 April 2024 to 31 August 2025
The report and the for the period from 1 April 2024 to 31 August 2025.
Director of the Group
The director who held office during the period was as follows:
Dividends
Dividends to the value of £309,590 were declared and paid in the year by Quanteam UK Limited. 70% of the dividend was paid to JMFPAD Holding Limited, the remaining 30% were paid to a non controlling interest. As a result, JMFPAD Holding Limited declared a dividend of £216,713, which was equal to the value of the dividend it received from Quanteam UK Limited.
Future developments
The directos expects the group to continue with the provision of consultancy services to the financial markets industry for the foreseeable future.
Going concern
The company reported a profit for the year. The financial statements have been prepared on a going concern basis and assumes that the company will continue its operations and meet its liabilities as they fall due for at least the next 12 months the signing of the financial statements. This assessment is based on management’s review of forecasts and current trading performance.
Disclosure of information to the auditor
The director has taken steps that ought to have taken as a director in order to make aware of any relevant audit information and to establish that the Company's auditor is aware of that information. The director confirms that there is no relevant information (as defined by section 418(3) of the Companies Act 2006) that of and of which the auditor is unaware.
Approved and authorised by the
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JMFPAD Holding Limited
Statement of Director's Responsibilities
The responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless satisfied that they give a true and fair view of the state of affairs of the Group and the Company and of the profit or loss of the Group for that period. In preparing these financial statements, the director is required to:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. |
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the Group's and the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the Company and enable to ensure that the financial statements comply with the Companies Act 2006. also responsible for safeguarding the assets of the Group and the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
JMFPAD Holding Limited
Independent Auditor's Report to the Members of JMFPAD Holding Limited
Opinion
We have audited the financial statements of JMFPAD Holding Limited (the 'parent Company') and its subsidiaries (the 'Group') for the period from 1 April 2024 to 31 August 2025, which comprise the Consolidated Profit and Loss Account and Statement of Retained Earnings, Consolidated Balance Sheet, Balance Sheet, Consolidated Statement of Changes in Equity, Consolidated Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the Group's and the parent Company's affairs as at 31 August 2025 and of the Group's profit for the period then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Comparative period
The company was incorporated on 13 March 2023. The company has changed its accounting reference date to 31 August 2024 to align with other group companies. The comparatives within the financial statements are therefore for the long period from 13 March 2023 to 31 August 2024. The prior period figures are unaudited.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.
Other information
The director are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
JMFPAD Holding Limited
Independent Auditor's Report to the Members of JMFPAD Holding Limited
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Strategic Report and Director's Report for the financial period for which the financial statements are prepared is consistent with the financial statements; and |
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the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Director's Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept by the parent Company, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the parent Company financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of director's remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of the director
As explained more fully in the Statement of Director's Responsibilities [set out on page 5], the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the director is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the Company or to cease operations, or have no realistic alternative but to do so.
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
JMFPAD Holding Limited
Independent Auditor's Report to the Members of JMFPAD Holding Limited
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Discussions with and enquiries of management and those charged with governance were held with a view to identifying those laws and regulations that could be expected to have a material impact on the financial statements. During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the entity. The following laws and regulations were identified as being of significance to the entity: |
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Those laws and regulations considered to have a direct effect on the financial statements include reporting regulations for the Financial Conduct Authority, Company Law, Tax and Pensions legislation, and distributable profits legislation. |
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Those laws and regulations for which non-compliance may be fundamental to the operating aspects of the business and therefore may have a material effect on the financial statements include Employment Law, Industry Regulators, Pensions legislation, and Company Law. |
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Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non- ompliance with laws and regulations) comprised of: enquiries of management and those charged with governance as to whether the entity complies with such laws and regulations; enquiries with the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence; review of board minutes; testing the appropriateness of journal entries; and the performance of analytical review to identify unexpected movements in account balances which may be indicative of fraud. |
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No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity’s controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK). |
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the Company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
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For and on behalf of
114 St Martin's Lane
Covent Garden
London
WC2N 4BE
JMFPAD Holding Limited
Consolidated Profit and Loss Account and Statement of Retained Earnings for the Period from 1 April 2024 to 31 August 2025
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Note |
Audited |
Unaudited |
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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Administrative expenses |
( |
( |
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Other operating income |
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Operating profit |
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Profit before tax |
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Taxation |
( |
( |
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Profit for the financial period |
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Profit/(loss) attributable to: |
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Owners of the Company |
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Minority interests |
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Retained earnings brought forward |
4,572,977 |
3,946,380 |
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Dividends paid |
( |
- |
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Retained earnings carried forward |
4,754,923 |
4,572,977 |
JMFPAD Holding Limited
(Registration number: 14723883)
Consolidated Balance Sheet as at 31 August 2025
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Note |
Audited |
Unaudited |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
10 |
10 |
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Retained earnings |
3,328,347 |
3,165,075 |
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Equity attributable to owners of the company |
3,328,357 |
3,165,085 |
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Minority interests |
1,426,576 |
1,407,902 |
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Shareholders' funds |
4,754,933 |
4,572,987 |
Approved and authorised by the
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JMFPAD Holding Limited
(Registration number: 14723883)
Balance Sheet as at 31 August 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Investments |
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- |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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- |
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Creditors: Amounts falling due within one year |
( |
- |
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Net current (liabilities)/assets |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
10 |
10 |
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Retained earnings |
2,776,399 |
- |
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Shareholders' funds |
2,776,409 |
10 |
The company made a profit after tax for the financial period of £195,800 (2024 - loss of £-).
Approved and authorised by the
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JMFPAD Holding Limited
Consolidated Statement of Changes in Equity for the Period from 1 April 2024 to 31 August 2025
Equity attributable to the parent company
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Share capital |
Retained earnings |
Total |
Non-controlling interests - Equity |
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At 1 April 2024 |
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Profit for the period |
- |
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Dividends |
- |
( |
( |
( |
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At 31 August 2025 |
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Total equity |
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At 1 April 2024 |
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Profit for the period |
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Dividends |
( |
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At 31 August 2025 |
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Share capital |
Retained earnings |
Total |
Non-controlling interests - Equity |
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At 1 April 2023 |
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Profit for the period |
- |
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At 31 March 2024 |
10 |
3,165,075 |
3,165,085 |
1,407,902 |
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Total equity |
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At 1 April 2023 |
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Profit for the period |
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At 31 March 2024 |
4,572,987 |
JMFPAD Holding Limited
Consolidated Statement of Cash Flows for the Period from 1 April 2024 to 31 August 2025
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Note |
2025 |
2024 |
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Cash flows from operating activities |
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Profit for the period |
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Adjustments to cash flows from non-cash items |
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Depreciation and amortisation |
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Income tax expense |
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Working capital adjustments |
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Decrease/(increase) in trade debtors |
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( |
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Increase/(decrease) in trade creditors |
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( |
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Cash generated from operations |
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( |
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Income taxes paid |
( |
( |
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Net cash flow from operating activities |
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( |
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Cash flows from investing activities |
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Acquisitions of tangible assets |
( |
( |
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Cash flows from financing activities |
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Dividends paid |
( |
- |
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Net increase/(decrease) in cash and cash equivalents |
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( |
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Cash and cash equivalents at 1 April |
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Cash and cash equivalents at 31 August |
3,395,005 |
2,806,094 |
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JMFPAD Holding Limited
Notes to the Financial Statements for the Period from 1 April 2024 to 31 August 2025
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General information |
The Company is a private company limited by share capital, incorporated in England and Wales..
The address of its registered office is:
These financial statements were authorised for issue by the
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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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom 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.
Basis of consolidation
The consolidated financial statements consolidate the financial statements of the Company and its subsidiary undertakings drawn up to 31 August 2025.
JMFPAD Holding Limited
Notes to the Financial Statements for the Period from 1 April 2024 to 31 August 2025
A subsidiary is an entity controlled by the Company. Control is achieved where the Company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.
The results of subsidiaries acquired or disposed of during the year are included in the Profit and Loss Account from the effective date of acquisition or up to the effective date of disposal, as appropriate. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the Group.
The purchase method of accounting is used to account for business combinations that result in the acquisition of subsidiaries by the Group. The cost of a business combination is measured as the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the business combination. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. Any excess of the cost of the business combination over the acquirer’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities recognised is recorded as goodwill.
Inter-company transactions, balances and unrealised gains on transactions between the Company and its subsidiaries, which are related parties, are eliminated in full.
Intra-group losses are also eliminated but may indicate an impairment that requires recognition in the consolidated financial statements.
Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Group. Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the Group’s equity therein. Non-controlling interests consist of the amount of those interests at the date of the original business combination and the non-controlling shareholder’s share of changes in equity since the date of the combination.
Going concern
The company reported a profit for the year. The financial statements have been prepared on a going concern basis and assumes that the company will continue its operations and meet its liabilities as they fall due for at least the next 12 months the signing of the financial statements. This assessment is based on management’s review of forecasts and current trading performance.
Judgements
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion there are no significant judgements or key sources of estimation uncertainty. |
JMFPAD Holding Limited
Notes to the Financial Statements for the Period from 1 April 2024 to 31 August 2025
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Group’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the Group.
The Group recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Group's activities.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated
Tax
The tax expense for the period comprises current 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 Group operates and generates taxable income.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
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:
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Asset class |
Depreciation method and rate |
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Fixtures and fittings |
20% straight line |
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Office equipment |
25% straight line |
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the Group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the Group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
JMFPAD Holding Limited
Notes to the Financial Statements for the Period from 1 April 2024 to 31 August 2025
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.
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.
Trade debtors
Basic financial assets, including trade and other debtors, are intially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Trade debtors are amounts due from customers for services performed in the ordinary course of business.
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 Group 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.
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 Group’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Group has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
JMFPAD Holding Limited
Notes to the Financial Statements for the Period from 1 April 2024 to 31 August 2025
Financial instruments
Classification
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.
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Turnover |
The analysis of the Group's Turnover for the period from continuing operations is as follows:
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2025 |
2024 |
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Rendering of services |
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Other operating income |
The analysis of the Group's other operating income for the period is as follows:
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2025 |
2024 |
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Miscellaneous other operating income |
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Operating profit |
Arrived at after charging/(crediting)
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2025 |
2024 |
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Depreciation expense |
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JMFPAD Holding Limited
Notes to the Financial Statements for the Period from 1 April 2024 to 31 August 2025
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Staff costs |
The aggregate payroll costs (including director's remuneration) were as follows:
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2025 |
2024 |
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Wages and salaries |
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Social security costs |
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Other short-term employee benefits |
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Pension costs, defined contribution scheme |
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Other employee expense |
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The average number of persons employed by the Group (including the director) during the period, analysed by category was as follows:
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2025 |
2024 |
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Administration and support |
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Other departments |
|
|
|
|
|
|
Director's remuneration |
The director's remuneration for the period was as follows:
|
2025 |
2024 |
|
|
Remuneration |
|
|
|
Auditors' remuneration |
|
2025 |
2024 |
|
|
Audit of these financial statements and the financial statements of subsidaries |
21,075 |
11,750 |
JMFPAD Holding Limited
Notes to the Financial Statements for the Period from 1 April 2024 to 31 August 2025
|
Taxation |
Tax charged/(credited) in the consolidated profit and loss account
|
2025 |
2024 |
|
|
Current taxation |
||
|
UK corporation tax |
|
|
Quanteam UK Limited paid corporation tax of £124,175 (2024 - £212,543) during the year at the standard rate of corporation tax of 25% on the entity's taxable profits for the year.
Quanteam Bridge Limited paid corporation tax of £7,174 (2024 - £Nil) during the year at the standard rate of corporation tax of 25% on the entity's taxable profits for the year.
Deltachange Partners Limited corporation tax of £25,253 (2024 - £Nil) during the year at the standard rate of corporation tax of 25% on the entity's taxable profits for the year.
Quanteam PL paid corporation tax of £7,174 (2024 - £Nil) during the year at the reduced corporation tax rate of 9% on the entity's taxable profits for the year which is available to small and newly formed Polish entities.
JMFPAD Holding Limited made a taxable loss during the year and therefore no corporation tax was due.
JMFPAD Holding Limited
Notes to the Financial Statements for the Period from 1 April 2024 to 31 August 2025
|
Tangible assets |
Group
|
Fixtures and fittings |
Office equipment |
Total |
|
|
Cost or valuation |
|||
|
At 1 April 2024 |
|
|
|
|
Additions |
|
|
|
|
At 31 August 2025 |
|
|
|
|
Depreciation |
|||
|
At 1 April 2024 |
|
|
|
|
Charge for the period |
|
|
|
|
At 31 August 2025 |
|
|
|
|
Carrying amount |
|||
|
At 31 August 2025 |
|
|
|
|
At 31 March 2024 |
|
|
|
|
Investments |
Company
|
2025 |
2024 |
|
|
Investments in subsidiaries |
|
- |
|
Subsidiaries |
£ |
|
Cost or valuation |
|
|
Additions |
|
|
Carrying amount |
|
|
At 31 August 2025 |
|
Details of undertakings
Details of the investments in which the Company holds 20% or more of the nominal value of any class of share capital are as follows:
JMFPAD Holding Limited
Notes to the Financial Statements for the Period from 1 April 2024 to 31 August 2025
|
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
|
|
2025 |
2024 |
|||
|
Subsidiary undertakings |
||||
|
|
C/O Browne Jacobson Llp, 6 Bevis Marks, London, EC3A 7BA England and Wales |
|
|
|
|
|
C/O Browne Jacobson Llp, 6 Bevis Marks, London, EC3A 7BA England and Wales |
|
|
|
|
|
C/O Browne Jacobson Llp, 6 Bevis Marks, London, EC3A 7BA England and Wales |
|
|
|
|
|
UL. Emilii Plater 28, 00-698 Warszawa Poland |
|
|
|
|
Subsidiary undertakings |
|
Quanteam UK Limited The principal activity of Quanteam UK Limited is |
|
Deltachange Partners Limited The principal activity of Deltachange Partners Limited is |
|
Quanteam Bridge Limited The principal activity of Quanteam Bridge Limited is |
|
Quanteam PL The principal activity of Quanteam PL is |
JMFPAD Holding Limited
Notes to the Financial Statements for the Period from 1 April 2024 to 31 August 2025
|
Debtors |
|
Group |
Company |
||||
|
Current |
Note |
2025 |
2024 |
2025 |
2024 |
|
Trade debtors |
|
|
- |
- |
|
|
Amounts owed by related parties |
|
|
|
- |
|
|
Other debtors |
|
|
|
|
|
|
Prepayments |
|
|
- |
- |
|
|
Accrued income |
|
|
- |
- |
|
|
|
|
|
|
||
|
Cash and cash equivalents |
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Cash at bank |
|
|
|
- |
|
Creditors |
|
Group |
Company |
||||
|
Note |
2025 |
2024 |
2025 |
2024 |
|
|
Due within one year |
|||||
|
Trade creditors |
|
|
|
- |
|
|
Amounts due to related parties |
- |
- |
|
- |
|
|
Social security and other taxes |
|
|
- |
- |
|
|
Outstanding defined contribution pension costs |
|
|
- |
- |
|
|
Other payables |
|
|
- |
- |
|
|
Accruals |
|
|
|
- |
|
|
Income tax liability |
210,815 |
285,684 |
- |
- |
|
|
|
|
|
- |
||
|
Pension and other schemes |
Defined contribution pension scheme
The Group operates a defined contribution pension scheme. The pension cost charge for the period represents contributions payable by the Group to the scheme and amounted to £
Contributions totalling £
JMFPAD Holding Limited
Notes to the Financial Statements for the Period from 1 April 2024 to 31 August 2025
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
10 |
|
10 |
|
Dividends |
Final dividends paid
|
2025 |
2024 |
|||
|
Final dividend of £ |
|
- |
||
|
Final dividend of £ |
|
- |
||
|
|
- |
JMFPAD Holding Limited
Notes to the Financial Statements for the Period from 1 April 2024 to 31 August 2025
|
Related party transactions |
Group
|
Transactions with the director |
|
2025 |
At 1 April 2024 |
Advances to director |
Repayments by director |
At 31 August 2025 |
|
A F Ducher |
||||
|
Director's loan account |
|
|
( |
|
Company
Summary of transactions with subsidiaries
|
During the year JMFPAD Holding Limited gave advances to Deltachange Partners Limited of £13,980, Quanteam Bridge Limited of £790, and Quanteam Poland of £12,511. JMFPAD Holding Limited also received advances of £53,591 from Quanteam UK Limited. |
|
|
JMFPAD Holding Limited
Detailed Consolidated Profit and Loss Account for the Period from 1 April 2024 to 31 August 2025
|
2025 |
2024 |
|
Turnover |
||
|
Sale of goods, UK |
11,262,634 |
10,695,849 |
|
Rendering of services, UK |
949,003 |
990,317 |
|
12,211,637 |
11,686,166 |
|
Cost of sales |
||
|
Advertising |
(39,058) |
(32,354) |
|
Subcontractors |
(7,183,661) |
(6,837,222) |
|
(7,222,719) |
(6,869,576) |
|
Employment costs |
||
|
Wages and salaries (excluding directors) |
(2,735,827) |
(2,860,824) |
|
Wages and salaries (excluding directors) - France |
(171,628) |
- |
|
Staff NIC (Employers) |
(366,240) |
(403,124) |
|
Staff NIC (excluding directors) - France |
(70,377) |
- |
|
Directors remuneration |
(301,094) |
(307,329) |
|
Directors NIC (Employers) |
(42,283) |
(38,395) |
|
Staff pensions (Defined contribution) |
(113,795) |
(93,457) |
|
Private health insurance |
(6,355) |
(67,433) |
|
Apprenticeship levy |
(96) |
96 |
|
Staff training |
(6,300) |
(4,259) |
|
Staff welfare |
(58,487) |
(5,748) |
|
Recruitment |
(67,282) |
(21,857) |
|
(3,939,764) |
(3,802,330) |
|
Establishment costs |
||
|
Rent |
(72,150) |
(25,816) |
|
General administrative expenses |
||
|
Insurance |
(45,890) |
(38,307) |
|
Telephone and fax |
(38,454) |
(13,486) |
|
Office expenses |
(7,174) |
(2,594) |
|
Computer software and maintenance costs |
(39,787) |
(24,389) |
|
Printing, postage and stationery |
(365) |
(348) |
|
Trade subscriptions |
(32,128) |
(33,908) |
|
Charitable donations |
(12,000) |
- |
|
Sundry expenses |
(11,151) |
(1,421) |
|
Car hire and leasing expenses (Operating leases) |
(2,171) |
(446) |
|
Travel and subsistence |
(29,196) |
(19,475) |
|
Customer entertaining (disallowable for tax) |
(283) |
(3,460) |
|
Accountancy fees |
(69,616) |
(51,158) |
|
Auditor's remuneration - The audit of the company's annual accounts |
(21,075) |
(11,750) |
JMFPAD Holding Limited
Detailed Consolidated Profit and Loss Account for the Period from 1 April 2024 to 31 August 2025
|
2025 |
2024 |
|
Exhibitions |
(3,799) |
- |
|
Legal and professional fees |
(79,802) |
(38,873) |
|
(392,891) |
(239,615) |
|
Finance charges |
||
|
Bank charges |
(6,019) |
(1,227) |
|
Foreign currency gains/(losses) |
231 |
(5,042) |
|
(5,788) |
(6,269) |
|
Depreciation costs |
||
|
Depreciation of fixtures and fittings (owned) |
(708) |
(2,531) |
|
Depreciation of office equipment (owned) |
(3,270) |
(2,345) |
|
(3,978) |
(4,876) |
|
Other operating income |
||
|
Other operating income |
78,752 |
101,456 |