Caseware UK (AP4) 2022.0.179 2022.0.179 2022-02-282022-02-282021-03-011falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.providing caddying services to professional golfers1truetrue 10626197 2021-03-01 2022-02-28 10626197 2020-03-01 2021-02-28 10626197 2022-02-28 10626197 2021-02-28 10626197 c:Director1 2021-03-01 2022-02-28 10626197 d:CurrentFinancialInstruments 2022-02-28 10626197 d:CurrentFinancialInstruments 2021-02-28 10626197 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 10626197 d:CurrentFinancialInstruments d:WithinOneYear 2021-02-28 10626197 d:ShareCapital 2022-02-28 10626197 d:ShareCapital 2021-02-28 10626197 d:RetainedEarningsAccumulatedLosses 2022-02-28 10626197 d:RetainedEarningsAccumulatedLosses 2021-02-28 10626197 c:OrdinaryShareClass1 2021-03-01 2022-02-28 10626197 c:OrdinaryShareClass1 2022-02-28 10626197 c:OrdinaryShareClass1 2021-02-28 10626197 c:FRS102 2021-03-01 2022-02-28 10626197 c:AuditExempt-NoAccountantsReport 2021-03-01 2022-02-28 10626197 c:FullAccounts 2021-03-01 2022-02-28 10626197 c:PrivateLimitedCompanyLtd 2021-03-01 2022-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10626197









JJSL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2022

 
JJSL LIMITED
REGISTERED NUMBER: 10626197

BALANCE SHEET
AS AT 28 FEBRUARY 2022

2022
2022
2021
2021
                                          Note
£
£
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
-
62,511

Cash at bank and in hand
 5 
25,189
71,090

  
25,189
133,601

Creditors: amounts falling due within one year
 6 
(16,063)
(62,336)

Net current assets
  
 
 
9,126
 
 
71,265

Total assets less current liabilities
  
9,126
71,265

  

Net assets
  
9,126
71,265


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
9,026
71,165

  
9,126
71,265


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




JJS Lane
Director

Date: 13 September 2023

Page 1

 
JJSL LIMITED
REGISTERED NUMBER: 10626197
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2022

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
JJSL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

1.


General information

JJSL Limited is a private company limited by shares and incorporated in England and Wales. The registered office of the company is 73-81 Southwark Bridge Road, London SE1 0NQ. The principal activity of the company during the period was that of providing caddying services to professional golfers.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
JJSL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from services is recognised in the period in which the services are provided in accordance with the contract with the professional golfer when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration for the services provided.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Page 4

 
JJSL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

2.Accounting policies (continued)

 
2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).

Page 5

 
JJSL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

4.


Debtors

2022
2021
£
£


Other debtors
-
62,511

-
62,511



5.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
25,189
71,090

25,189
71,090



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Corporation tax
8,875
56,336

Other creditors
588
-

Accruals
6,600
6,000

16,063
62,336



7.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



100 (2021 - 100) Ordinary shares of £1.00 each
100
100



8.


Transactions with directors

Included within other creditors is an amount due to the director of £588 (2021 - £62,511 debtor). The loan bears no interest and was repaid after the year end.
The director has an interest in dividends declared of £117,000 (
2021 - £113,000).

 
Page 6