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REGISTERED NUMBER: 08355484 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

FOR

JANE COMPTON MANAGEMENT LIMITED

JANE COMPTON MANAGEMENT LIMITED (REGISTERED NUMBER: 08355484)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JANE COMPTON MANAGEMENT LIMITED

COMPANY INFORMATION
for the year ended 30 June 2022







DIRECTOR: J L A Compton





REGISTERED OFFICE: Magma House, 16 Davy Court
Castlle Mound Way
Rugby
Warwickshire
CV23 0UZ





REGISTERED NUMBER: 08355484 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
Magma House
16 Davy Court
Castle Mound Way
Rugby
CV23 0UZ

JANE COMPTON MANAGEMENT LIMITED (REGISTERED NUMBER: 08355484)

BALANCE SHEET
30 June 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Debtors 4 135,724 57,911
Cash at bank 71 71
135,795 57,982
CREDITORS
Amounts falling due within one year 5 (107,561 ) (56,038 )
NET CURRENT ASSETS 28,234 1,944
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,234

1,944

CREDITORS
Amounts falling due after more than one
year

6

(10,604

)

-
NET ASSETS 17,630 1,944

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 17,530 1,844
SHAREHOLDERS' FUNDS 17,630 1,944

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 October 2023 and were signed by:





J L A Compton - Director


JANE COMPTON MANAGEMENT LIMITED (REGISTERED NUMBER: 08355484)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2022


1. STATUTORY INFORMATION

Jane Compton Management Limited is a private company limited by share capital, incorporated in England and Wales, registration number 08355484. The address of the registered office is Magma House, 16 Davy Court, Castle Mound Way, Rugby, CV23 OUZ.

The presentation currency of the financial statements is Sterling (£) and figures are rounded to the nearest £1.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover 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 a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following condition are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation
The tax expense for the year comprises current and deferred tax.

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

JANE COMPTON MANAGEMENT LIMITED (REGISTERED NUMBER: 08355484)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2022


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 47,472 6,915
Other debtors 88,252 50,996
135,724 57,911

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 24,095 37,194
Trade creditors 49,526 10,457
Taxation and social security 29,440 7,027
Other creditors 4,500 1,360
107,561 56,038

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 10,604 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due in more than 5 years by
instalments

4,335

-

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 June 2022 and the period ended 30 June 2021:

2022 2021
£    £   
J L A Compton
Balance outstanding at start of year 48,667 11,162
Amounts advanced 18,756 38,437
Amounts repaid - (932 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 67,423 48,667

The maximum outstanding during the year was £69,769
.