Caseware UK (AP4) 2022.0.179 2022.0.179 2022-10-312022-10-312021-11-01falseNo description of principal activity55falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11998176 2021-11-01 2022-10-31 11998176 2020-11-01 2021-10-31 11998176 2022-10-31 11998176 2021-10-31 11998176 c:Director1 2021-11-01 2022-10-31 11998176 d:Buildings d:ShortLeaseholdAssets 2021-11-01 2022-10-31 11998176 d:Buildings d:ShortLeaseholdAssets 2022-10-31 11998176 d:Buildings d:ShortLeaseholdAssets 2021-10-31 11998176 d:LandBuildings 2022-10-31 11998176 d:LandBuildings 2021-10-31 11998176 d:PlantMachinery 2021-11-01 2022-10-31 11998176 d:PlantMachinery 2022-10-31 11998176 d:PlantMachinery 2021-10-31 11998176 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 11998176 d:FurnitureFittings 2021-11-01 2022-10-31 11998176 d:FurnitureFittings 2022-10-31 11998176 d:FurnitureFittings 2021-10-31 11998176 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 11998176 d:ComputerEquipment 2021-11-01 2022-10-31 11998176 d:ComputerEquipment 2022-10-31 11998176 d:ComputerEquipment 2021-10-31 11998176 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 11998176 d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 11998176 d:CurrentFinancialInstruments 2022-10-31 11998176 d:CurrentFinancialInstruments 2021-10-31 11998176 d:Non-currentFinancialInstruments 2022-10-31 11998176 d:Non-currentFinancialInstruments 2021-10-31 11998176 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 11998176 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-31 11998176 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 11998176 d:Non-currentFinancialInstruments d:AfterOneYear 2021-10-31 11998176 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-10-31 11998176 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-10-31 11998176 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-10-31 11998176 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2021-10-31 11998176 d:ShareCapital 2022-10-31 11998176 d:ShareCapital 2021-10-31 11998176 d:SharePremium 2022-10-31 11998176 d:SharePremium 2021-10-31 11998176 d:RetainedEarningsAccumulatedLosses 2022-10-31 11998176 d:RetainedEarningsAccumulatedLosses 2021-10-31 11998176 c:OrdinaryShareClass1 2021-11-01 2022-10-31 11998176 c:OrdinaryShareClass1 2022-10-31 11998176 c:OrdinaryShareClass1 2021-10-31 11998176 c:FRS102 2021-11-01 2022-10-31 11998176 c:AuditExempt-NoAccountantsReport 2021-11-01 2022-10-31 11998176 c:FullAccounts 2021-11-01 2022-10-31 11998176 c:PrivateLimitedCompanyLtd 2021-11-01 2022-10-31 11998176 2 2021-11-01 2022-10-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11998176









JON HALA LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2022

 
JON HALA LIMITED
 

CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 8


 
JON HALA LIMITED
REGISTERED NUMBER: 11998176

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2022

As restated
2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
115,473
125,349

Current assets
  

Stocks
  
903
5,000

Debtors: amounts falling due within one year
 5 
58,512
71,337

Cash at bank and in hand
 6 
24,405
10,091

  
83,820
86,428

Creditors: amounts falling due within one year
 7 
(265,843)
(282,512)

Net current liabilities
  
 
 
(182,023)
 
 
(196,084)

Total assets less current liabilities
  
(66,550)
(70,735)

Creditors: amounts falling due after more than one year
 8 
(39,136)
(50,000)

Net liabilities
  
(105,686)
(120,735)


Capital and reserves
  

Called up share capital 
 10 
1,750
1,750

Share premium account
  
168,425
168,425

Profit and loss account
  
(275,861)
(290,910)

  
(105,686)
(120,735)

Page 1

 
JON HALA LIMITED
REGISTERED NUMBER: 11998176
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2022

The directors consider 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's  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: 




................................................
P Cowan
Director

Date: 31 October 2023

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
JON HALA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1.


General information

Jon Hala Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

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 following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis. The company is dependent on the shareholders for financial support. As at 30 Octoberber 2023, the shareholders have confirmed that they will provide adequate finance to enable the company to continue in operational existence. Therefore, the directors consider it appropriate to prepare the financial statements on the going concern basis. 

 
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 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 conditions 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.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
JON HALA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.6

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.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Short-term leasehold property
-
10%
Over the life of the lease
Plant and machinery
-
25%
Reducing balance method
Fixtures and fittings
-
25%
Reducing balance method
Computer equipment
-
25%
Reducing balance method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

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.

Page 4

 
JON HALA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

Interest income

Interest income is recognised in profit or loss using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2021 - 5).

Page 5

 
JON HALA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 November 2021
149,658
2,198
7,417
358
159,631


Additions
5,859
-
1,306
316
7,481



At 31 October 2022

155,517
2,198
8,723
674
167,112



Depreciation


At 1 November 2021
29,918
962
3,245
157
34,282


Charge for the year on owned assets
15,552
309
1,370
129
17,360



At 31 October 2022

45,470
1,271
4,615
286
51,642



Net book value



At 31 October 2022
110,047
927
4,108
388
115,470



At 31 October 2021
119,740
1,237
4,172
202
125,351




The net book value of land and buildings may be further analysed as follows:


2022
2021
£
£

Short leasehold
110,047
119,741

110,047
119,741


Page 6

 
JON HALA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

5.


Debtors

2022
2021
£
£

Other debtors
58,512
60,627

Prepayments and accrued income
-
10,710

58,512
71,337



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
24,405
10,091

24,405
10,091



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
5,945
-

Trade creditors
16,648
66,347

Other taxation and social security
47,025
58,933

Other creditors
115,917
76,798

Accruals and deferred income
80,308
80,434

265,843
282,512



8.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
39,136
50,000

39,136
50,000


Page 7

 
JON HALA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

9.


Loans


Analysis of the maturity of loans is given below:


2022
2021
£
£

Bank loans
5,945
-


5,945
-

Bank loans
23,779
-


23,779
-

Amounts falling due after more than 5 years

Bank loans
15,357
50,000

45,081
50,000



10.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



175,000 (2021 - 175,000) Ordinary shares of £0.01 each
1,750
1,750



11.


Related party transactions

Included within Other creditors is a balance of £91,002 (2021: £72,057) owed to the directors. The balances are unsecured and interest is charged at 8%, with no fixed repayment terms.


12.


Controlling party

The company is controlled by the directors. 

 
Page 8