JBY Holdings Limited Accounts

JBY HOLDINGS LIMITED - Company Information






JBY Holdings Limited

	Company No. 10250142
		Information for Filing with The Registrar
		31 March 2023

The Directors present their report and the accounts for the year ended 31 March 2023.

Principal activities
The principal activity of the company during the year under review was acting as a holding company to a trading group.




Directors

The Directors who served at any time during the year were as follows:

James Brearley
William Yerkess






































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

James Brearley
Director
04 September 2023

at	31 March 2023
Company No.		10250142	Notes	2023	2022
				£	£
Fixed assets



	Investments		4	45,727	1,002
				45,727	1,002
Current assets

	Debtors		5	4,150	12,145

	Cash at bank and in hand			264,661	25,837
				268,811	37,982
Creditors: Amount falling due within one year			6	(168,723)	(1,397)
Net current assets				100,088	36,585
Total assets less current liabilities				145,815	37,587




Net assets				145,815	37,587

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		8	145,715	37,487

Total equity				145,815	37,587



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 04 September 2023
And signed on its behalf by:
James Brearley
Director
04 September 2023

for the year ended 31 March 2023

General information

Its registered number is: 10250142

Its registered office is:

Its trading address is:

The Granary

North Drive

Wartnaby

Leicestershire

LE14 3HY

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Going concern

The financial statements have been prepared on the going concern basis . The directors are no aware of any material threats to the ability of the company to continue to operate for the foreseeable future.

Accounting policies

Turnover

Turnover is the fair value of rent receivable for the period.

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 profit and loss account 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 temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary 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.

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

Investments

Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Leased assets

Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Group accounts

The company is a parent undertaking subject to the small companies regime The company and its
subsidiary undertakings comprise a small group. The company has therefor taken advantage of the option provided by Section 398 of the Companies Act 2006 not to prepare group accounts. The financial statements therefor present information in respect of the company as an individual entity.

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.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2023	2022
			Number	Number
		The average monthly number of employees (including directors) during the year was:	2	2

4	Investments
			Investment in Subsidiaries	Other investments	Total
			£	£	£
		Cost or valuation
		At 1 April 2022	1,002	-	1,002
		Additions	44,500	225	44,725


		At 31 March 2023	45,502	225	45,727
		Provisions/Impairment





		Net book values
		At 31 March 2023	45,502	225	45,727
		At 31 March 2022	1,002	-	1,002

5	Debtors
			2023	2022
			£	£

		Amounts owed by group undertakings	-	10,145



		Loans to directors	1,900	-

		Prepayments and accrued income	2,250	2,000
			4,150	12,145

6	Creditors:
		amounts falling due within one year
			2023	2022
			£	£





		Amounts owed to group undertakings	166,000	1,000
		Taxes and social security	523	247


		Accruals and deferred income	2,200	150
			168,723	1,397

Share Capital

Share capital consists of 100 Ordinary Shares of £1 each whch are fully paid up

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

9	Dividends
			2023	2022
			£	£
		Dividends for the period:
		Dividends paid in the period	95,000	79,000

			95,000	79,000

		Dividends by type:

		Equity dividends	95,000	79,000
			95,000	79,000