JCH Holdings Limited - Period Ending 2019-12-31

JCH Holdings Limited - Period Ending 2019-12-31


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Registration number: 11587038

JCH Holdings Limited

Annual Report and Unaudited Financial Statements

for the Period from 25 September 2018 to 31 December 2019

 

JCH Holdings Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 7

 

JCH Holdings Limited

Company Information

Directors

Ms J Ivory

Ms N Ivory

Registered office

Unit 1, Office 1
Tower Lane Business Park
Tower Lane
Warmley
Bristol
BS30 8XT

Accountants

C V Ross and Co Limited
Accountants and Tax Consultants
Unit 1, Office 1
Tower Lane Business Park
Tower Lane
Warmley
Bristol
BS30 8XT

 

JCH Holdings Limited

(Registration number: 11587038)
Balance Sheet as at 31 December 2019

Note

2019
£

Fixed assets

 

Investments

3

500

Current assets

 

Debtors

4

140,000

Cash at bank and in hand

 

144,411

 

284,411

Creditors: Amounts falling due within one year

5

(15,118)

Net current assets

 

269,293

Net assets

 

269,793

Capital and reserves

 

Called up share capital

500

Profit and loss account

269,293

Total equity

 

269,793

For the financial period ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

JCH Holdings Limited

(Registration number: 11587038)
Balance Sheet as at 31 December 2019

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 25 June 2020 and signed on its behalf by:
 

.........................................

Ms J Ivory

Director

 

JCH Holdings Limited

Notes to the Financial Statements for the Period from 25 September 2018 to 31 December 2019

1

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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.

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.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

JCH Holdings Limited

Notes to the Financial Statements for the Period from 25 September 2018 to 31 December 2019

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

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.

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.

2

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

3

Investments

2019
£

Investments in associates

500

Associates

£

Cost

Additions

500

Provision

Carrying amount

At 31 December 2019

500

 

JCH Holdings Limited

Notes to the Financial Statements for the Period from 25 September 2018 to 31 December 2019

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Associates

T. I. Holdings Limited

523 Gloucester Road,Horfield, Bristol BS7 8UG

Ordinary shares

50%

 

United Kingdom

     

The principal activity of T. I. Holdings Limited is that of an intermediate holding company.

 

The profit for the financial period of T. I. Holdings Limited was £2,126,217 and the aggregate amount of capital and reserves at the end of the period was £2,316,137.

4

Debtors

Note

2019
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

7

140,000

 

140,000

 

JCH Holdings Limited

Notes to the Financial Statements for the Period from 25 September 2018 to 31 December 2019

5

Creditors

Creditors: amounts falling due within one year

2019
£

Due within one year

Other creditors

15,118

6

Share capital

Allotted, called up and fully paid shares

 

2019

 

No.

£

Ordinary shares of £1 each

500

500

     

7

Related party transactions

Income and receivables from related parties

2019

Other related parties
£

Receipt of services

76,016

Loans to related parties

2019

Other related parties
£

Advanced

140,000