Jam Holdings Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 16227170 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

4 FEBRUARY 2025 TO 28 FEBRUARY 2026

FOR

JAM HOLDINGS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A N Bowditch

D D James

REGISTERED OFFICE:

71-75 Shelton Street

Covent Garden

London

WC2H 9JQ

REGISTERED NUMBER:

16227170 (England and Wales)

ACCOUNTANTS:

Robsons Accountants

19 Montpelier Avenue

Bexley

Kent

DA5 3AP

FIXED ASSETS

Investments

4

800,000

CURRENT ASSETS

Cash at bank and in hand

515

CREDITORS

Amounts falling due within one year

5

(613,639

)

NET CURRENT LIABILITIES

(613,124

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

186,876

CREDITORS

Amounts falling due after more than one
year

6

(187,500

)

NET LIABILITIES

(624

)

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

(724

)

SHAREHOLDERS' FUNDS

(624

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2026 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 4 November 2026 and were signed on its behalf by:

D D James - Director

A N Bowditch - Director

1.	STATUTORY INFORMATION

Jam Holdings 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.

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.

Investments in subsidiaries

Investments in subsidiary undertakings are initially recognised at cost, including directly attributable acquisition costs, and are subsequently measured at cost less any accumulated impairment losses.

The carrying amounts of investments are reviewed at each reporting date for indications of impairment. Where such indications exist, the recoverable amount is estimated and any impairment loss is recognised in the Income Statement.

Taxation

Taxation for the period comprises current and deferred 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 or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Secured loan notes

On 27 November 2025, the company issued £250,000 of secured loan notes to Anthony Nicholas Bowditch as part consideration for the acquisition of the entire issued share capital of Quartis Limited.

The loan notes are repayable in four equal annual instalments of £62,500, commencing on 27 November 2026, with the final instalment due on 27 November 2029.

Under the terms of the Loan Note Instrument, no contractual interest accrues during the first two years following issue. Thereafter, interest is payable at a fixed rate of 6% per annum on the outstanding principal, with interest payments falling due on the third and fourth anniversaries of the instrument.

The loan notes are secured by a charge over the company's entire shareholding in Quartis Limited and are guaranteed by Quartis Limited.

At 28 February 2026, the outstanding principal amount of the loan notes was £250,000, of which £62,500 was contractually repayable within one year and £187,500 was repayable after more than one year.

The Loan Note Instrument also provides for early repayment and accelerated repayment in specified circumstances of default.

Inter company

An inter company loan of £300,000 was in place at 28 February 2026 with Quartis Ltd ( company number 01890014 ). There are no fixed repayment terms.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	FIXED ASSET INVESTMENTS

On 27 November 2025, the company acquired the entire issued share capital of Quartis Limited, a company incorporated in England and Wales (registered number 01890014), comprising 10,000 ordinary shares of £1 each, representing 100% of the issued share capital and voting rights.

The total consideration amounted to £800,000, comprising £550,000 payable in cash and £250,000 satisfied through the issue of secured loan notes to the vendor.

Quartis Limited is a wholly owned subsidiary undertaking of the company.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Inter-company loan

300,000

Loan notes

62,500

Directors' current accounts

251,139

613,639

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

£

Loan notes

187,500

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 were issued during the period for cash of £ 100 .

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 28 February 2026:

£

A N Bowditch

Balance outstanding at start of period

-

Amounts advanced

(50,000

)

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period