Silverfin false 31/03/2023 01/04/2022 31/03/2023 R C Wickham 20/06/2003 S E Wickham 01/02/2021 02 November 2023 The principal activity of the company is that of a holding company. 04805769 2023-03-31 04805769 bus:Director1 2023-03-31 04805769 bus:Director2 2023-03-31 04805769 2022-03-31 04805769 core:CurrentFinancialInstruments 2023-03-31 04805769 core:CurrentFinancialInstruments 2022-03-31 04805769 core:Non-currentFinancialInstruments 2023-03-31 04805769 core:Non-currentFinancialInstruments 2022-03-31 04805769 core:ShareCapital 2023-03-31 04805769 core:ShareCapital 2022-03-31 04805769 core:RetainedEarningsAccumulatedLosses 2023-03-31 04805769 core:RetainedEarningsAccumulatedLosses 2022-03-31 04805769 core:CostValuation 2022-03-31 04805769 core:CostValuation 2023-03-31 04805769 core:CurrentFinancialInstruments core:Secured 2023-03-31 04805769 bus:OrdinaryShareClass1 2023-03-31 04805769 2022-04-01 2023-03-31 04805769 bus:FullAccounts 2022-04-01 2023-03-31 04805769 bus:SmallEntities 2022-04-01 2023-03-31 04805769 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04805769 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04805769 bus:Director1 2022-04-01 2023-03-31 04805769 bus:Director2 2022-04-01 2023-03-31 04805769 2021-04-01 2022-03-31 04805769 core:Subsidiary1 2022-04-01 2023-03-31 04805769 core:Subsidiary1 1 2022-04-01 2023-03-31 04805769 core:Subsidiary1 1 2021-04-01 2022-03-31 04805769 core:Subsidiary2 2022-04-01 2023-03-31 04805769 core:Subsidiary2 1 2022-04-01 2023-03-31 04805769 core:Subsidiary2 1 2021-04-01 2022-03-31 04805769 core:CurrentFinancialInstruments 2022-04-01 2023-03-31 04805769 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 04805769 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 04805769 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure decimalUnit xbrli:shares

Company No: 04805769 (England and Wales)

JETSET LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

JETSET LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

JETSET LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2023
JETSET LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTORS R C Wickham
S E Wickham
REGISTERED OFFICE Centenary House Peninsula Park
Rydon Lane
Exeter
EX2 7XE
United Kingdom
COMPANY NUMBER 04805769 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Centenary House
Peninsula Park
Rydon Lane
Exeter
Devon EX2 7XE
JETSET LIMITED

BALANCE SHEET

As at 31 March 2023
JETSET LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 975,595 975,595
975,595 975,595
Current assets
Debtors 4 58,199 56,835
Cash at bank and in hand 7,369 29,479
65,568 86,314
Creditors: amounts falling due within one year 5 ( 250,300) ( 244,150)
Net current liabilities (184,732) (157,836)
Total assets less current liabilities 790,863 817,759
Creditors: amounts falling due after more than one year 6 ( 34,026) ( 154,907)
Net assets 756,837 662,852
Capital and reserves
Called-up share capital 7 4 4
Profit and loss account 756,833 662,848
Total shareholders' funds 756,837 662,852

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Jetset Limited (registered number: 04805769) were approved and authorised for issue by the Board of Directors on 02 November 2023. They were signed on its behalf by:

R C Wickham
Director
JETSET LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
JETSET LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Jetset Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Taxation

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at X.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 April 2022 975,595
At 31 March 2023 975,595
Carrying value at 31 March 2023 975,595
Carrying value at 31 March 2022 975,595

Investments in shares

Name of entity Registered office Nature of business Class of
shares
Ownership
31.03.2023
Ownership
31.03.2022
Ottervale Haulage Limited Centenary House, Peninsula Park, Rydon Lane, Exeter, EX2 7XE Haulage and supply of ready mixed concrete £1 Ordinary Shares 100.00% 100.00%
Barton Block & Stone Limited Centenary House, Peninsula Park, Rydon Lane, Exeter, EX2 7XE Merchanting of concrete blocks and quarry products. £1 Ordinary Shares 100.00% 100.00%

4. Debtors

2023 2022
£ £
Amounts owed by Group undertakings 56,745 53,927
Prepayments 1,454 2,908
58,199 56,835

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans (secured) 118,800 111,000
Other creditors 131,500 133,150
250,300 244,150

Creditors include secured bank loans of £118,800 (2022: £111,000)

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans (secured) 34,026 154,907

Creditors include secured bank loans of £34,026 (2022: £154,907)

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
4 Ordinary shares of £ 1.00 each 4 4