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REGISTERED NUMBER: 06311163 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th June 2023

for

Jennings And Partner Ltd

Jennings And Partner Ltd (Registered number: 06311163)






Contents of the Financial Statements
for the Year Ended 30th June 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Jennings And Partner Ltd (Registered number: 06311163)

Balance Sheet
30th June 2023

30.6.23 30.6.22
Notes £    £   
CURRENT ASSETS
Debtors 4 35,703 157,977
Cash at bank 109,962 49,196
145,665 207,173
CREDITORS
Amounts falling due within one year 5 42,446 66,653
NET CURRENT ASSETS 103,219 140,520
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,219

140,520

CREDITORS
Amounts falling due after more than one year 6 22,788 32,377
NET ASSETS 80,431 108,143

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 80,331 108,043
SHAREHOLDERS' FUNDS 80,431 108,143

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th October 2023 and were signed on its behalf by:





G J Jennings - Director


Jennings And Partner Ltd (Registered number: 06311163)

Notes to the Financial Statements
for the Year Ended 30th June 2023

1. COMPANY INFORMATION

Jennings And Partner Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06311163

Registered office: First Floor
49 Peter Street
Manchester
M2 3NG

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There have been no critical judgements, estimates and assumptions made in the preparation of these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the provision of professional services is recognised on delivery of the service.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Jennings And Partner Ltd (Registered number: 06311163)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 7,699 4,282
Other debtors - 1,500
S455 recoverable 21,668 52,891
Directors' current accounts - 92,512
Prepayments 6,336 6,792
35,703 157,977

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 10,000 10,000
Tax 31,222 56,653
Social security and other taxes 574 -
Directors' current accounts 650 -
42,446 66,653

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 12,788 22,377
22,788 32,377

The bounce back loan is government backed for the first year and interest is charged at 2.5% for the rest of the loan term, which is up to a maximum of 6 years.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
60 Ordinary A 1 60 60
40 Ordinary B 1 40 40
100 100

The A Ordinary Shares rank equally in terms of voting rights, rights to participate in all dividend
distributions and rights to participate in any capital distribution on winding up.

The B Ordinary Shares do not hold any voting rights and dividend rights are at the discretion of the A Ordinary shareholders.

The A and B shares rank pari passu in respect of capital distribution rights.

Jennings And Partner Ltd (Registered number: 06311163)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th June 2023 and 30th June 2022:

30.6.23 30.6.22
£    £   
G J Jennings
Balance outstanding at start of year 92,512 132,394
Amounts advanced 69,726 173,918
Amounts repaid (162,888 ) (213,800 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (650 ) 92,512

The loan is payable on demand and no interest was charged during the year.

9. CONTROL

The controlling party is G J Jennings.

The ultimate controlling party is G J Jennings.