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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2017 |
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JENNIFER HAMILTON & ASSOCIATES LTD |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2017 |
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FOR |
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JENNIFER HAMILTON & ASSOCIATES LTD |
JENNIFER HAMILTON & ASSOCIATES LTD (REGISTERED NUMBER: 04727512) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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JENNIFER HAMILTON & ASSOCIATES LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2017 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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91-97 Bohemia Road |
St Leonards on Sea |
East Sussex |
TN37 6RJ |
JENNIFER HAMILTON & ASSOCIATES LTD (REGISTERED NUMBER: 04727512) |
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STATEMENT OF FINANCIAL POSITION |
31 MARCH 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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Investment property | 6 |
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CURRENT ASSETS |
Debtors | 7 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
9 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 11 |
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Special reserve | 12 | ( |
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Retained earnings | 12 |
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SHAREHOLDERS' FUNDS |
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The director acknowledges her responsibilities for: |
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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. |
JENNIFER HAMILTON & ASSOCIATES LTD (REGISTERED NUMBER: 04727512) |
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STATEMENT OF FINANCIAL POSITION - continued |
31 MARCH 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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JENNIFER HAMILTON & ASSOCIATES LTD (REGISTERED NUMBER: 04727512) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
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1. | STATUTORY INFORMATION |
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Jennifer Hamilton & Associates Ltd is a
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The company's registered number and registered office address can be found on the Company Information |
page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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BASIS OF PREPARING THE FINANCIAL STATEMENTS |
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TURNOVER |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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TANGIBLE FIXED ASSETS |
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Fixtures and fittings | - |
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Computer equipment | - |
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INVESTMENTS IN SUBSIDIARIES |
Investments in subsidiary undertakings are recognised at cost. |
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INVESTMENT PROPERTY |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes |
in fair value is recognised in profit or loss. |
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FINANCIAL INSTRUMENTS |
The company only enters into basic financial instruments transactions that result in the recognition of financial |
assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third |
parties. |
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Financial assets that are measured at cost and amortized cost are assessed at the end of each reporting period |
for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is |
recognized in profit or loss. |
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For financial assets measured at amortized cost, the impairment loss is measured as the difference between an |
asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective |
interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment |
loss is the current effective interest rate determined under the contract. |
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For financial assets measured at cost less impairment, the impairment loss is measured as the difference |
between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the |
company would receive for the asset if it were to be sold at the reporting date. |
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Financial assets and liabilities are offset and the net amount reported in the statement of financial position |
when there is an enforceable right to set off the recognized amounts and there is an intention to settle on a net |
basis or to realise the asset and settle the liability simultaneously. |
JENNIFER HAMILTON & ASSOCIATES LTD (REGISTERED NUMBER: 04727512) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
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2. | ACCOUNTING POLICIES - continued |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 statement of financial position date. |
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DEBTORS |
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured |
initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the |
effective interest method, less any impairment. |
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CREDITORS |
Short term creditors are measured at the transaction price. Loans from the director shareholders who are |
natural persons are also measured at transaction price irrespective of duration. 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. |
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DIVIDEND |
Equity dividends are recognized when they become legally payable. Interim equity dividends are recognized |
when paid. Final equity dividends are recognized when approved by the shareholders at an annual general |
meeting. Dividends on shares recognized as liabilities are recognized as expenses and classified within interest |
payable. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
Cost |
At 1 April 2016 |
and 31 March 2017 |
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Depreciation |
At 1 April 2016 |
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Charge for year |
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At 31 March 2017 |
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Net book value |
At 31 March 2017 |
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At 31 March 2016 |
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JENNIFER HAMILTON & ASSOCIATES LTD (REGISTERED NUMBER: 04727512) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
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5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
Cost |
At 1 April 2016 |
and 31 March 2017 |
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Net book value |
At 31 March 2017 |
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At 31 March 2016 |
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6. | INVESTMENT PROPERTY |
Total |
£ |
Fair value |
At 1 April 2016 |
and 31 March 2017 |
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Net book value |
At 31 March 2017 |
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At 31 March 2016 |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
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Tax |
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VAT | 2,832 | 2,050 |
Directors' current accounts | 61,570 | 66,291 |
Accruals and deferred income |
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JENNIFER HAMILTON & ASSOCIATES LTD (REGISTERED NUMBER: 04727512) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
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9. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2017 | 2016 |
£ | £ |
Other loans (see note 10) |
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10. | LOANS |
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An analysis of the maturity of loans is given below: |
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2017 | 2016 |
£ | £ |
Amounts falling due between one and two years: |
Other loans - 1-2 years | 38,791 |
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Directors loans | 20,000 | 20,000 |
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11. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
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Ordinary A | £1 | 9 | 9 |
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Ordinary B | £1 | 6 | 6 |
15 | 15 |
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12. | RESERVES |
Retained | Special |
earnings | reserve | Totals |
£ | £ | £ |
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At 1 April 2016 |
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( |
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Profit for the year |
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Dividends | ( |
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At 31 March 2017 |
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( |
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13. | RELATED PARTY DISCLOSURES |
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During the year, total dividends of £5,000 were paid to the director . |
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Long term liabilities includes an amount of £38,791 owing to Mr D Bradshaw, the partner of the director. The |
loan is interest free and there are no fixed repayment terms. |
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14. | ULTIMATE CONTROLLING PARTY |
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The company is ultimately controlled by the director. |