REGISTERED NUMBER: 12919933 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

JEM LIVE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J S Cleary

E J J Rose

REGISTERED OFFICE:

3rd Floor

21 Perrymount Road

Haywards Heath

West Sussex

RH16 3TP

REGISTERED NUMBER:

12919933 (England and Wales)

ACCOUNTANTS:

Galloways Accounting Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

4

41,537

48,843

CURRENT ASSETS

Debtors

5

33,140

18,958

Cash at bank

124,156

56,689

157,296

75,647

CREDITORS

Amounts falling due within one year

6

(131,838

)

(74,626

)

NET CURRENT ASSETS

25,458

1,021

TOTAL ASSETS LESS CURRENT LIABILITIES

66,995

49,864

PROVISIONS FOR LIABILITIES

(10,180

)

-

NET ASSETS

56,815

49,864

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

56,813

49,862

SHAREHOLDERS' FUNDS

56,815

49,864

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Board of Directors and authorised for issue on 1 September 2026 and were signed on its behalf by:

E J J Rose - Director

J S Cleary - Director

1.	STATUTORY INFORMATION

Jem Live 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 (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and equipment

- 25% Reducing Balance

Fixtures and fittings

- 25% Reducing Balance

Computer equipment

- 25% Reducing Balance

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument and are initially measured at transaction price. They are subsequently measured at amortised cost.

The company’s financial instruments comprise trade and other debtors, cash at bank and in hand, trade and other creditors, and bank borrowings. The carrying amounts of these instruments approximate their fair values due to their short-term nature.

Taxation

Taxation for the year comprises current 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 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2025

51,226

11,836

21,461

84,523

Additions

4,034

-

2,262

6,296

Disposals

-

-

(704

)

(704

)

At 31 December 2025

55,260

11,836

23,019

90,115

DEPRECIATION

At 1 January 2025

21,857

5,068

8,755

35,680

Charge for year

7,907

1,692

3,475

13,074

Eliminated on disposal

-

-

(176

)

(176

)

At 31 December 2025

29,764

6,760

12,054

48,578

NET BOOK VALUE

At 31 December 2025

25,496

5,076

10,965

41,537

At 31 December 2024

29,369

6,768

12,706

48,843

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

23,339

11,281

Other debtors

9,801

7,677

33,140

18,958

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

2,198

Taxation and social security

82,747

39,403

Other creditors

49,091

33,025

131,838

74,626

7.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

26,200

32,750

Between one and five years

72,050

98,250

98,250

131,000