James Park Associates International Limited

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 03183968

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		393		-

			393		-
CURRENT ASSETS
Debtors		220,181		90,009
Cash at bank and in hand		23,374		11,571

		243,555		101,580
Creditors: Amounts Falling Due Within One Year		(225,140 )		(194,840 )

NET CURRENT ASSETS (LIABILITIES)			18,415		(93,260 )

TOTAL ASSETS LESS CURRENT LIABILITIES			18,808		(93,260 )

NET ASSETS/(LIABILITIES)			18,808		(93,260 )

CAPITAL AND RESERVES
Called up share capital	5		3		3
Profit and Loss Account			18,805		(93,263 )

SHAREHOLDERS' FUNDS			18,808		(93,260)

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James Park Associates International Limited

Abridged Balance Sheet (continued)

As At 31 May 2025

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 May 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr J W Park

Director

21 October 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

James Park Associates International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03183968 . The registered office is 215-217 4th Floor, Mare Street, London, E8 3QE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.

2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25% reduced balance method
Computer Equipment	25% reduced balance method

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

...CONTINUED

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James Park Associates International Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 May 2025

2.6. Taxation - continued

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

Corporation tax

The company has claimed group relief from JPA Product Design Limited (fellow subsidiary) for the year ended 31 May 2025 amounting to £20,244

No payment is made for the surrendered losses.

The effect of the group relief has been to reduce the company’s corporation tax liability for the year.

3. Average Number of Employees

Average number of employees during the year was as follows: 2 (2024: 2)

4. Tangible Assets

	Total
	£
Cost
As at 1 June 2024	-
Additions	524

As at 31 May 2025	524

Depreciation
As at 1 June 2024	-
Provided during the period	131

As at 31 May 2025	131

Net Book Value
As at 31 May 2025	393

As at 1 June 2024	-

5. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	3	3

6. Related Party Transactions

During the year the company purchased services to the value of £73,877 from James Park Associates Limited, a holding company owned by James Park, the director of the company.

During the year James Park Associated International Limited reimbursed expenses totalling £21,111.32 to JPA Product Design Limited. This amount is included within consulting costs in the profit and loss account of James Park Associated International Limited and as a credit within consulting costs in the profit and loss account of JPA Product Design Limited.

All transactions were conducted at arm’s length.

At 31st May 2025, the company owed £130,997 to James Park Associates Limited, a holding company owned by James Park, the director of the company.

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