J Coburn Limited 11583299 false 2021-01-01 2021-12-31 2021-12-31 The principal activity of the company is investment and provision of services. Digita Accounts Production Advanced 6.30.9574.0 true 11583299 2021-01-01 2021-12-31 11583299 2021-12-31 11583299 core:FinancialAssetsAmortisedCost core:Non-currentFinancialInstruments 2021-12-31 11583299 core:CurrentFinancialInstruments core:WithinOneYear 2021-12-31 11583299 bus:SmallEntities 2021-01-01 2021-12-31 11583299 bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 11583299 bus:FullAccounts 2021-01-01 2021-12-31 11583299 bus:SmallCompaniesRegimeForAccounts 2021-01-01 2021-12-31 11583299 bus:RegisteredOffice 2021-01-01 2021-12-31 11583299 bus:Director1 2021-01-01 2021-12-31 11583299 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 11583299 countries:England 2021-01-01 2021-12-31 11583299 2020-01-01 2020-12-31 11583299 2020-12-31 11583299 core:FinancialAssetsAmortisedCost core:Non-currentFinancialInstruments 2020-12-31 11583299 core:CurrentFinancialInstruments core:WithinOneYear 2020-12-31 iso4217:GBP xbrli:pure

Registration number: 11583299

J Coburn Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2021

 

J Coburn Limited

(Registration number: 11583299)
Balance Sheet as at 31 December 2021

Note

2021
£

2020
£

Fixed assets

 

Other financial assets

4

230,000

45,000

Current assets

 

Cash at bank and in hand

 

1,311

34

Creditors: Amounts falling due within one year

5

(235,746)

(44,457)

Net current liabilities

 

(234,435)

(44,423)

Net (liabilities)/assets

 

(4,435)

577

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(4,436)

576

Shareholders' (deficit)/funds

 

(4,435)

577

For the financial year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director for issue on 31 August 2022
 

.........................................

Ms J K Coburn

Director

 

J Coburn Limited

Notes to the Financial Statements for the Year Ended 31 December 2021

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
C/O Jackson & Grimes
22 St Georges Street
Stamford
Lincolnshire
PE9 2BU

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

J Coburn Limited

Notes to the Financial Statements for the Year Ended 31 December 2021

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2020 - 1).

4

Other financial assets (current and non-current)

2021
£

2020
£

Non-current financial assets

Financial assets at amortised cost

230,000

45,000

5

Creditors

Creditors: amounts falling due within one year

Note

2021
£

2020
£

Due within one year

 

Amounts owed to related parties

234,215

42,228

Other creditors

 

1,531

2,229

 

235,746

44,457