JPT Group Limited - Accounts to registrar (filleted) - small 23.1.2
JPT Group Limited - Accounts to registrar (filleted) - small 23.1.2
| REGISTERED NUMBER: |
| JPT Group Limited |
| Unaudited Financial Statements for the Year Ended 31st March 2023 |
| JPT Group Limited (Registered number: 10661618) |
| Contents of the Financial Statements |
| for the year ended 31st March 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| JPT Group Limited |
| Company Information |
| for the year ended 31st March 2023 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Regent's Court |
| Princess Street |
| Hull |
| East Yorkshire |
| HU2 8BA |
| JPT Group Limited (Registered number: 10661618) |
| Balance Sheet |
| 31st March 2023 |
| 2023 | 2022 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Share premium |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 |
| JPT Group Limited (Registered number: 10661618) |
| Notes to the Financial Statements |
| for the year ended 31st March 2023 |
| 1. | STATUTORY INFORMATION |
| JPT Group Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The company has taken advantage of the exemption under section 399 of the companies act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualified as a small group. The financial statements present information about the company as an individual entity and not about its group. |
| Preparation of consolidated financial statements |
| The financial statements contain information about JPT Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Taxation |
| Taxation for the year 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 year 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. |
| Fixed asset investments |
| Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss. |
| Listed investments are included at their market value with re-measurement gains and losses credited/charged to the profit and loss account. |
| JPT Group Limited (Registered number: 10661618) |
| Notes to the Financial Statements - continued |
| for the year ended 31st March 2023 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | FIXED ASSET INVESTMENTS |
| Shares in |
| group | Other |
| undertakings | investments | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1st April 2022 | 5,185,855 |
| Additions | 3,805,001 |
| Revaluations | 12,023 |
| At 31st March 2023 | 9,002,879 |
| NET BOOK VALUE |
| At 31st March 2023 | 9,002,879 |
| At 31st March 2022 | 5,185,855 |
| Cost or valuation at 31st March 2023 is represented by: |
| Shares in |
| group | Other |
| undertakings | investments | Totals |
| £ | £ | £ |
| Valuation in 2023 | - | 12,023 | 12,023 |
| Cost | 5,185,855 | 3,805,001 | 8,990,856 |
| 5,185,855 | 3,817,024 | 9,002,879 |
| If fixed asset investments had not been revalued they would have been included at the following historical cost: |
| 2023 | 2022 |
| £ | £ |
| Cost | 8,990,856 | 5,185,855 |
| Fixed asset investments were valued on an open market basis on 31st March 2023 by the investment managers . |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Amounts owed to group undertakings |
| Taxation and social security |
| JPT Group Limited (Registered number: 10661618) |
| Notes to the Financial Statements - continued |
| for the year ended 31st March 2023 |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2023 | 2022 |
| value: | £ | £ |
| Ordinary A | 1 | 150,000 | 150,000 |
| Ordinary B | 1 | 150,000 | 150,000 |
| 300,000 | 300,000 |
| 8. | RELATED PARTY DISCLOSURES |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |