COMPANY REGISTRATION NO. 09397803 (England and Wales)
JH456 LIMITED
ANNUAL REPORT AND  FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2018
PAGES FOR FILING WITH REGISTRAR
JH456 LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
JH456 LIMITED
BALANCE SHEET
AS AT
31 MARCH 2018
31 March 2018
- 1 -
2018
2017
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
829
Current assets
Debtors
4
10
12,000
Cash at bank and in hand
-
50,744
10
62,744
Creditors: amounts falling due within one year
5
-
(35,251)
Net current assets
10
27,493
Total assets less current liabilities
10
28,322
Provisions for liabilities
-
(158)
Net assets
10
28,164
Capital and reserves
Called up share capital
6
10
10
Profit and loss reserves
-
28,154
Total equity
10
28,164

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 28 October 2018
Mr J  Hoeata
Director
Company Registration No. 09397803
JH456 LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2018
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 February 2016
1
21,030
21,031
Period ended 31 January 2017:
Profit and total comprehensive income for the period
-
17,124
17,124
Issue of share capital
6
9
-
9
Dividends
-
(10,000)
(10,000)
Balance at 31 January 2017
10
28,154
28,164
Period ended 31 March 2018:
Loss and total comprehensive income for the period
-
(759)
(759)
Dividends
-
(27,395)
(27,395)
Balance at 31 March 2018
10
-
10
JH456 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2018
- 3 -
1
Accounting policies
Company information

JH456 Limited is a private company limited by shares incorporated in England and Wales. The registered office is C/O UHY Hacker Young, Lanyon House, Mission Court, Newport, South Wales, NP20 2DW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Reporting period

The reporting period is longer than one year due to the company ceasing to trade. Therefore the comparative amounts presented in these financial statements are not entirely comparable.

1.3
Turnover

Turnover represents amounts receivable for services provided in the normal course of business net of VAT and trade discounts.

 

Revenue from the provision of sporting and promotional activities is recognised upon completion, to the extent that, the company obtains the right to consideration in exchange for services provided.

1.4
Tangible fixed assets

Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% straight line
Computer equipment
33% straight line
1.5
Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

JH456 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2018
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was 1 (2017 - 1).

JH456 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2018
- 5 -
3
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 1 February 2017
265
2,058
2,323
Additions
-
868
868
Disposals
(265)
(2,926)
(3,191)
At 31 March 2018
-
-
-
Depreciation and impairment
At 1 February 2017
122
1,372
1,494
Depreciation charged in the period
66
927
993
Eliminated in respect of disposals
(188)
(2,299)
(2,487)
At 31 March 2018
-
-
-
Carrying amount
At 31 March 2018
-
-
-
At 31 January 2017
143
686
829
4
Debtors
2018
2017
Amounts falling due within one year:
£
£
Trade debtors
-
12,000
Other debtors
10
-
10
12,000
5
Creditors: amounts falling due within one year
2018
2017
£
£
Corporation tax
-
9,659
Other taxation and social security
-
5,355
Other creditors
-
20,237
-
35,251
JH456 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2018
- 6 -
6
Called up share capital
2018
2017
£
£
Ordinary share capital
Issued and fully paid
7 Ordinary of £1 each
7
7
3 Ordinary-B of £1 each
3
3
10
10
7
Directors' transactions

Dividends totalling £22,395 (2017 - £5,000) were paid in the period in respect of shares held by the company's director.

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