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Registration number: 07927044

Jaycorn Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2021

 

Jaycorn Limited

Contents
__________________________________________________________________________

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Jaycorn Limited

Company Information
__________________________________________________________________________

Director

Mr Daniel Corney

Registered office

Viewlands
Broomehall Road
Coldharbour
Dorking
Surrey
RH5 6HJ


 

Accountants

Brooks Green
Accountants
N3 2LJ

 

Jaycorn Limited

(Registration number: 07927044)
Balance Sheet as at 31 December 2021
__________________________________________________________________________

Note

2021
£

2020
£

   

     

fixed assets

   

 

tangible assets

3

 

464

 

464

Current assets

   

 

Debtors

4

2,939

 

2,939

 

Creditors: Amounts falling due within one year

5

(70,169)

 

(70,169)

 

Net current liabilities

   

(67,230)

 

(67,230)

Net liabilities

   

(66,766)

 

(66,766)

capital and reserves

   

 

Called up share capital

1

 

1

 

Profit and loss account

(66,767)

 

(66,767)

 

Total equity

   

(66,766)

 

(66,766)

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 his 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 on 14 September 2022
 

.........................................
Mr Daniel Corney
Director

 

Jaycorn Limited

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

1

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture fixtures and fittings

25% RB fully depreciated

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

 

Jaycorn Limited

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

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.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2020 - 0).

 

Jaycorn Limited

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

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2021

464

464

At 31 December 2021

464

464

Depreciation

Carrying amount

At 31 December 2021

464

464

At 31 December 2020

464

464

4

Debtors

Current

2021
£

2020
£

Other debtors

2,939

2,939

5

Creditors

Creditors: amounts falling due within one year

Note

2021
£

2020
£

Due within one year

 

Directors current account

70,169

70,169

6

Share capital

Allotted, called up and fully paid shares

 

2021

2020

 

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1