JCRA Group Limited - Accounts to registrar (filleted) - small 18.2

JCRA GROUP LIMITED

Financial Statements

for the Year Ended 31 December 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

J Bowie

B D Conly

J A Macdonald

Registered office:

12 St. James's Square

London

SW1Y 4LB

Registered number:

08255583 (England and Wales)

Fixed assets

Investments

4

-

5,428,085

Current assets

Debtors

5

-

2,847,325

Creditors

Amounts falling due within one year

6

-

4,704

Net current assets

-

2,842,621

Total assets less current liabilities

-

8,270,706

Capital and reserves

Called up share capital

7

1

3,409,478

Retained earnings

(1

)

4,861,228

Shareholders' funds

-

8,270,706

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 December 2021 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 3 May 2022 and were signed on its behalf by:

J A Macdonald - Director

1.	Statutory information

JCRA Group Limited is a private company limited by shares and incorporated in England & Wales under the Companies Act. The address of the registered office is given on the contents page.

Amounts are rounded to the nearest £.

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.

The financial statements have not been prepared on going concern basis as explained within the 'basis other than going concern' paragraph of this note.

Basis of non-consolidation

The Company is exempt under section 400 of the Companies Act 2006 from the requirement to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of Chatham Financial Europe Limited. These financial statements therefore present information about the Company as an individual undertaking and not about its group.

Significant judgements and estimates

In preparing these financial statements, the directors have made the following judgements:

- Determine whether there are indicators of impairment of the Company's fixed asset investments. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the investee entity.

There have been no other key sources of estimation uncertainty in the in the preparation of these financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are stated at cost less any provision for impairment.

Basis other than going concern

The Directors' believe the business to not be a going concern and the financial statements have been prepared on that basis.

The Company is part of a group owned by its UK parent company and the decision has been taken for the Company to cease trading as soon as practically possible. As such, the Directors have decided that it is not appropriate for these financial statements to be prepared on a going concern basis. Having assessed information available, in particular in response to the COVID-19 Pandemic as well as funding and support from the ultimate parent company, they are of the opinion that no adjustments are required to these financial statements.

Financial liabilities and equity

Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form. Financial liabilities are initially measured at transaction price (including transaction costs) and subsequently held at amortised cost.

Financial assets

Financial assets, other than investments are initially measured at transaction price (including transaction costs) and subsequently held at cost, less any impairment.

3.	Employees and directors

The average number of employees during the year was NIL (2020 - NIL).

4.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 January 2021

5,428,085

Impairments

(5,428,085

)

At 31 December 2021

-

Net book value

At 31 December 2021

-

At 31 December 2020

5,428,085

5.

Debtors: amounts falling due within one year

2021

2020

£

£

Amounts owed by group undertakings

-

2,847,325

6.

Creditors: amounts falling due within one year

2021

2020

£

£

Other creditors

-

4,704

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

1

Ordinary

£1

1

3,409,478

8.	Related party disclosures

The Company has taken advantage of the exemption conferred by Section 33.1A of FRS 102 not to disclose transactions with other wholly owned subsidiaries within the group which it is a member as consolidated accounts, including the Company and its subsidiary undertakings, are publicly available via Companies House.

9.	Ultimate controlling party

The Company is a wholly owned subsidiary of Ensco 1149 Limited. The Company's ultimate UK parent company is Chatham Financial Europe Limited, which is the parent of the largest and smallest group in which the current years results of the Company are consolidated. The consolidated accounts of Chatham Financial Europe Limited are available via Companies House.