JTR UK Limited - Filleted accounts

Registered number

06023279

JTR UK Limited

Report and Accounts

31 December 2025

JTR UK Limited
Registered number:		06023279
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		237,945			96,475

Current assets
Stocks		40,259			48,829
Debtors	4	4,163			7,538
Cash at bank and in hand		360,532			515,675
		404,954			572,042

Creditors: amounts falling due within one year	5	(39,068)			(85,674)

Net current assets			365,886			486,368

Total assets less current liabilities			603,831			582,843


Provisions for liabilities			(59,468)			(24,096)


Net assets			544,363			558,747

Capital and reserves
Called up share capital			600			600
Share premium			31,680			31,680
Profit and loss account			512,083			526,467

Shareholders' funds			544,363			558,747

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mrs M Tandy
Director
Approved by the board on 1 September 2026

JTR UK Limited
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Equipment and support vehicles	over 5 to 7 years
	Racing cars	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			6		3


3	Tangible fixed assets
		Equipment and support vehicles		Race cars		Total
£			£		£
	Cost
	At 1 January 2025	259,969		-		259,969
	Additions	28,000		186,650		214,650
	At 31 December 2025	287,969		186,650		474,619

	Depreciation
	At 1 January 2025	163,494		-		163,494
	Charge for the year	38,961		34,219		73,180
	At 31 December 2025	202,455		34,219		236,674

	Net book value
	At 31 December 2025	85,514		152,431		237,945
	At 31 December 2024	96,475		-		96,475


4	Debtors			2025		2024
£					£

	Trade debtors			-		3,098
	Other debtors			4,163		4,440
				4,163		7,538


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Taxation and social security costs			-		2,752
	Other creditors			39,068		82,922
				39,068		85,674


6	Other information

	JTR UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Hill Barn Farm
	Church Lane
	Pavenham
	Bedfordshire
	MK43 7PU