Silverfin false 31/01/2022 31/01/2022 01/02/2021 J Baker 14/01/2020 07 September 2022 The principal activity of the Company during the financial year was management consultancy. 12403308 2022-01-31 12403308 bus:Director1 2022-01-31 12403308 2021-01-31 12403308 core:CurrentFinancialInstruments 2022-01-31 12403308 core:CurrentFinancialInstruments 2021-01-31 12403308 core:Non-currentFinancialInstruments 2022-01-31 12403308 core:Non-currentFinancialInstruments 2021-01-31 12403308 core:ShareCapital 2022-01-31 12403308 core:ShareCapital 2021-01-31 12403308 core:RetainedEarningsAccumulatedLosses 2022-01-31 12403308 core:RetainedEarningsAccumulatedLosses 2021-01-31 12403308 core:Vehicles 2021-01-31 12403308 core:Vehicles 2022-01-31 12403308 bus:OrdinaryShareClass1 2022-01-31 12403308 2021-02-01 2022-01-31 12403308 bus:FullAccounts 2021-02-01 2022-01-31 12403308 bus:SmallEntities 2021-02-01 2022-01-31 12403308 bus:AuditExemptWithAccountantsReport 2021-02-01 2022-01-31 12403308 bus:PrivateLimitedCompanyLtd 2021-02-01 2022-01-31 12403308 bus:Director1 2021-02-01 2022-01-31 12403308 core:Vehicles 2021-02-01 2022-01-31 12403308 2020-02-01 2021-01-31 12403308 bus:OrdinaryShareClass1 2021-02-01 2022-01-31 12403308 bus:OrdinaryShareClass1 2020-02-01 2021-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12403308 (England and Wales)

JB29 INVEST LTD

Unaudited Financial Statements
For the financial year ended 31 January 2022
Pages for filing with the registrar

JB29 INVEST LTD

Unaudited Financial Statements

For the financial year ended 31 January 2022

Contents

JB29 INVEST LTD

COMPANY INFORMATION

For the financial year ended 31 January 2022
JB29 INVEST LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 January 2022
DIRECTOR J Baker
REGISTERED OFFICE Oak Tree Farm
The Street
Regil
BS40 8BB
United Kingdom
COMPANY NUMBER 12403308 (England and Wales)
CHARTERED ACCOUNTANTS Bishop Fleming LLP
10 Temple Back
Bristol
BS1 6FL
JB29 INVEST LTD

STATEMENT OF FINANCIAL POSITION

As at 31 January 2022
JB29 INVEST LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 January 2022
Note 2022 2021
£ £
Fixed assets
Tangible assets 3 0 108,069
0 108,069
Current assets
Cash at bank and in hand 1 0
1 0
Creditors
Amounts falling due within one year 4 ( 6,885) ( 98,215)
Net current liabilities (6,884) (98,215)
Total assets less current liabilities (6,884) 9,854
Creditors
Amounts falling due after more than one year 5 0 ( 21,052)
Net liabilities ( 6,884) ( 11,198)
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account ( 6,984 ) ( 11,298 )
Total shareholder's deficit ( 6,884) ( 11,198)

For the financial year ending 31 January 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of JB29 Invest Ltd (registered number: 12403308) were approved and authorised for issue by the Director on 07 September 2022. They were signed on its behalf by:

J Baker
Director
JB29 INVEST LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2022
JB29 INVEST LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2022
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

JB29 Invest Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Oak Tree Farm, The Street, Regil, BS40 8BB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line/reducing balance] basis over its expected useful life, as follows:

Vehicles 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2022 2021
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Vehicles Total
£ £
Cost
At 01 February 2021 117,894 117,894
Disposals ( 117,894) ( 117,894)
At 31 January 2022 0 0
Accumulated depreciation
At 01 February 2021 9,825 9,825
Disposals ( 9,825) ( 9,825)
At 31 January 2022 0 0
Net book value
At 31 January 2022 0 0
At 31 January 2021 108,069 108,069

4. Creditors: amounts falling due within one year

2022 2021
£ £
Amounts owed to director 5,731 84,534
Accruals 1,154 1,050
Obligations under finance leases and hire purchase contracts 0 12,631
6,885 98,215

5. Creditors: amounts falling due after more than one year

2022 2021
£ £
Obligations under finance leases and hire purchase contracts 0 21,052

6. Called-up share capital

2022 2021
£ £
Allotted, called-up and fully-paid
100 A ordinary shares of £ 1.00 each 100 100