JK18 Ltd

(Registration number: 15626614) (England and Wales)
Balance Sheet as at 31 August 2026

	Note	31 August 2026 £	30 April 2025 £
Fixed assets
Tangible assets	5	-	284
Current assets
Debtors	6	1,275	87,033
Cash at bank and in hand		34,447	9,584
		35,722	96,617
Creditors: Amounts falling due within one year	7	(35,622)	(49,728)
Net current assets		100	46,889
Net assets		100	47,173
Capital and reserves
Called up share capital	8	100	100
Retained earnings		-	47,073
Shareholders' funds		100	47,173

For the financial period ending 31 August 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

The financial statements were approved and authorised for issue by the director on 1 September 2026
 

......................................... Mr Jamie Ham Knowles Company secretary and director

JK18 Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2025 to 31 August 2026

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:
128 City Road
London
EC1V 2NX
United Kingdom

These financial statements were authorised for issue by the director on 1 September 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 functional and presentational currency is GBP Sterling (£), being the currency of the primary economic environment in which the company operates in. The amounts are presented rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company 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 company's activities.

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.

JK18 Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2025 to 31 August 2026 (continued)

2	Accounting policies (continued)

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 company 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:

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	25% on Redusing balance

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

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

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.

JK18 Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2025 to 31 August 2026 (continued)

2	Accounting policies (continued)

Dividends

Dividend distribution to the company’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 company 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.

Financial instruments

(i) Financial assets
Basic financial assets, including trade, other debtors, and cash and bank balances, are initially 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, unless they are receivable within one year. In these instances, assets are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be received.

At the end of each reporting period financial assets are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party, or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

JK18 Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2025 to 31 August 2026 (continued)

2	Accounting policies (continued)

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method, unless they are payable within one year. In these instances, assets are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid.

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 or 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. 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 obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

3	Staff numbers

The average monthly number of persons employed by the company (including the director) during the period, was 2 (2025: 2).

JK18 Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2025 to 31 August 2026 (continued)

4

Taxation

Tax charged/(credited) in the profit and loss account

	16 months to 31 August 2026 £	12 months to 30 April 2025 £
Current taxation
UK corporation tax	11,465	41,312

JK18 Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2025 to 31 August 2026 (continued)

5	Tangible assets

	Office equipment £	Total £
Cost or valuation
At 1 May 2025	379	379
Additions	179	179
Disposals	(558)	(558)
At 31 August 2026	-	-
Depreciation
At 1 May 2025	95	95
Charge for the period	101	101
Eliminated on disposal	(196)	(196)
At 31 August 2026	-	-
Carrying amount
At 31 August 2026	-	-
At 30 April 2025	284	284

6

Debtors

	Note	31 August 2026 £	30 April 2025 £
Other debtors	10	517	87,033
Corporation tax recoverable		758	-
		1,275	87,033

JK18 Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2025 to 31 August 2026 (continued)

7

Creditors

Creditors: amounts falling due within one year

	31 August 2026 £	30 April 2025 £
Due within one year
Trade creditors	300	240
Social security and other taxes	-	5,676
Corporation tax payable	-	41,312
Directors account	33,154	-
Accruals	2,168	2,500
	35,622	49,728

8	Share capital

Allotted, called up and fully paid shares

	31 August 2026		30 April 2025
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

9

Dividends

		31 August 2026		30 April 2025
		£		£
Interim dividend of £958.09 (2025 - £819.00) per ordinary share		95,809		81,900

JK18 Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2025 to 31 August 2026 (continued)

10	Related party transactions

Transactions with the director

2026	At 1 May 2025 £	Advances to director £	Repayments by director £	At 31 August 2026 £
Mr Jamie Ham Knowles
Directors Current Account	87,033	118,919	(239,105)	(33,153)

2025	At 8 April 2024 £	Advances to director £	Repayments by director £	At 30 April 2025 £
Mr Jamie Ham Knowles
Directors Current Account	-	225,582	(138,549)	87,033