1 July 2020 false No description of principal activity Taxfiler 2022.8.3 11402848business:PrivateLimitedCompanyLtd2020-07-012021-06-30 114028482020-06-30 114028482020-07-012021-06-30 11402848business:AuditExempt-NoAccountantsReport2020-07-012021-06-30 11402848business:FullAccounts2020-07-012021-06-30 114028482021-06-30 11402848business:Director12020-07-012021-06-30 11402848business:RegisteredOffice2020-07-012021-06-30 11402848core:WithinOneYear2021-06-30 11402848core:AfterOneYear2021-06-30 11402848core:ShareCapital2021-06-30 11402848core:SharePremium2021-06-30 11402848core:RetainedEarningsAccumulatedLosses2021-06-30 11402848business:SmallEntities2020-07-012021-06-30 11402848countries:EnglandWales2020-07-012021-06-30 11402848core:MotorVehicles2020-07-012021-06-30 11402848core:ComputerEquipment2020-07-012021-06-30 11402848core:MotorVehicles2020-06-30 11402848core:FurnitureFittings2020-06-30 11402848core:ComputerEquipment2020-06-30 11402848core:FurnitureFittings2020-07-012021-06-30 11402848core:MotorVehicles2021-06-30 11402848core:FurnitureFittings2021-06-30 11402848core:ComputerEquipment2021-06-30 11402848core:AfterOneYear2020-07-012021-06-30 iso4217:GBP xbrli:pure
Company Registration No. 11402848 (England and Wales)
INSTAJET CLUB LTD Unaudited accounts for the year ended 30 June 2021
INSTAJET CLUB LTD Unaudited accounts Contents
Page
- 2 -
INSTAJET CLUB LTD Company Information for the year ended 30 June 2021
Director
Mr Nicholas Davis
Company Number
11402848 (England and Wales)
Registered Office
71-75 SHELTON STREET LONDON GREATER LONDON WC2H 9JQ UNITED KINGDOM
- 3 -
INSTAJET CLUB LTD Statement of financial position as at 30 June 2021
2021 
Notes
£ 
Fixed assets
Tangible assets
51,671 
Current assets
Debtors
3,800 
Cash at bank and in hand
189,322 
193,122 
Creditors: amounts falling due within one year
(112,173)
Net current assets
80,949 
Total assets less current liabilities
132,620 
Creditors: amounts falling due after more than one year
(179,426)
Net liabilities
(46,806)
Capital and reserves
Called up share capital
50,000 
Share premium
22,533 
Profit and loss account
(119,339)
Shareholders' funds
(46,806)
For the year ending 30 June 2021 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 22 August 2022 and were signed on its behalf by
Mr Nicholas Davis Director Company Registration No. 11402848
- 4 -
INSTAJET CLUB LTD Notes to the Accounts for the year ended 30 June 2021
1
Statutory information
INSTAJET CLUB LTD is a private company, limited by shares, registered in England and Wales, registration number 11402848. The registered office is 71-75 SHELTON STREET, LONDON, GREATER LONDON, WC2H 9JQ, UNITED KINGDOM.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
25% Straight line
Computer equipment
25% Straight line
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2020
62,638 
- 
- 
62,638 
Additions
- 
829 
5,428 
6,257 
At 30 June 2021
62,638 
829 
5,428 
68,895 
Depreciation
Charge for the year
15,660 
207 
1,357 
17,224 
At 30 June 2021
15,660 
207 
1,357 
17,224 
Net book value
At 30 June 2021
46,978 
622 
4,071 
51,671 
- 5 -
INSTAJET CLUB LTD Notes to the Accounts for the year ended 30 June 2021
5
Debtors: amounts falling due within one year
2021 
£ 
Other debtors
3,800 
6
Creditors: amounts falling due within one year
2021 
£ 
Other creditors
110,573 
Accruals
1,600 
112,173 
7
Creditors: amounts falling due after more than one year
2021 
£ 
Bank loans
18,000 
Amounts owed to group undertakings and other participating interests
161,426 
179,426 
The above loans comprised 2 loans: 1. Family Loan totalling £161,426 is repayable by 01/12/2025. It is a compound interest loan agreement. If default, this loan shall be secured with the following property: 100% Share Capital of Instajet Club Ltd. 2. Bounce back loan totalling £18,000. The loan incurs 2.5% interest and repayable over 6 years.
8
Average number of employees
During the year the average number of employees was 1.
- 6 -