Company Registration No. 08724048 (England and Wales)
JAYWELL VENTURES LTD
Unaudited accounts
for the period from 1 November 2019 to 31 December 2020
JAYWELL VENTURES LTD
Unaudited accounts
Contents
JAYWELL VENTURES LTD
Company Information
for the period from 1 November 2019 to 31 December 2020
Company Number
08724048 (England and Wales)
Registered Office
FAIRWAYS HOUSE 1040 TAX SOLUTIONS
GEORGE STREET
MANCHESTER
M25 9WS
ENGLAND
Accountants
1040 Tax Solutions
Fairways House
George Street
Prestwich
Manchester
M25 9WS
JAYWELL VENTURES LTD
Statement of financial position
as at
31 December 2020
Tangible assets
1,532,536
1,531,956
Cash at bank and in hand
31,136
18,030
Creditors: amounts falling due within one year
(6,877)
(339,083)
Net current assets/(liabilities)
210,153
(149,809)
Total assets less current liabilities
1,742,689
1,382,147
Creditors: amounts falling due after more than one year
(1,411,984)
(1,061,551)
Provisions for liabilities
Deferred tax
(32,440)
(32,440)
Net assets
298,265
288,156
Called up share capital
100
100
Revaluation reserve
264,262
264,262
Profit and loss account
33,903
23,794
Shareholders' funds
298,265
288,156
For the period ending 31 December 2020 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 October 2021 and were signed on its behalf by
Joseph Kahan
Director
Company Registration No. 08724048
JAYWELL VENTURES LTD
Notes to the Accounts
for the period from 1 November 2019 to 31 December 2020
JAYWELL VENTURES LTD is a private company, limited by shares, registered in England and Wales, registration number 08724048. The registered office is FAIRWAYS HOUSE 1040 TAX SOLUTIONS, GEORGE STREET, MANCHESTER, M25 9WS, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the period from 1 November 2019 to 31 December 2020 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2018.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Cost or valuation
At cost
At 1 November 2019
1,531,956
At 31 December 2020
1,532,536
At 31 December 2020
1,532,536
At 31 October 2019
1,531,956
JAYWELL VENTURES LTD
Notes to the Accounts
for the period from 1 November 2019 to 31 December 2020
5
Debtors: amounts falling due within one year
2020
2019
Trade debtors
15,606
15,606
Other debtors
170,288
155,638
6
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
2,701
20,701
Taxes and social security
2,376
2,156
Other creditors
-
314,546
7
Creditors: amounts falling due after more than one year
2020
2019
Bank loans
1,053,532
1,061,551
Other creditors
138,353
-
Loans from directors
181,665
-
8
Average number of employees
During the period the average number of employees was 2 (2019: 2).