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Registration number: 13964806

JWH Partners Ltd

Unaudited Financial Statements

for the Period from 9 March 2022 to 31 March 2023

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

JWH Partners Ltd

Contents

Company Information

1

Statement of Financial Position

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

JWH Partners Ltd

Company Information

Director

J Hopwood

Registered office

130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

JWH Partners Ltd

Statement of Financial Position as at 31 March 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

1,293

Current assets

 

Debtors

5

162,236

Cash at bank and in hand

 

365,658

 

527,894

Creditors: Amounts falling due within one year

6

(103,845)

Net current assets

 

424,049

Total assets less current liabilities

 

425,342

Provisions for liabilities

(323)

Net assets

 

425,019

Capital and reserves

 

Called up share capital

1

Retained earnings

425,018

Shareholders' funds

 

425,019

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

 

JWH Partners Ltd

Statement of Financial Position as at 31 March 2023

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the director on 6 November 2023
 

.........................................

J Hopwood

Director

Company registration number: 13964806

 

JWH Partners Ltd

Notes to the Unaudited Financial Statements for the Period from 9 March 2022 to 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of the provision of management consultancy services.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Disclosure of long or short period

The financial statements are for the period from 9 March 2022 to 31 March 2023.

Going concern

The company made a profit for the period ended 31 March 2023 and had net assets amounting to £425,019 at that date.

After making enquiries and taking into account the above, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for provision of consultancy services in the ordinary course of the company's activities. Turnover is shown net of Value Added Tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

 

JWH Partners Ltd

Notes to the Unaudited Financial Statements for the Period from 9 March 2022 to 31 March 2023

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

50% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company during the period, was 1.

 

JWH Partners Ltd

Notes to the Unaudited Financial Statements for the Period from 9 March 2022 to 31 March 2023

4

Tangible assets

Computer equipment
£

Total
£

Cost or valuation

Additions

1,306

1,306

At 31 March 2023

1,306

1,306

Depreciation

Charge for the period

13

13

At 31 March 2023

13

13

Carrying amount

At 31 March 2023

1,293

1,293

5

Debtors

2023
£

Other debtors

162,236

162,236

6

Creditors

Creditors: amounts falling due within one year

2023
£

Taxation and social security

99,845

Other creditors

4,000

103,845

7

Transactions with directors

At 31 March 2023 an amount of £160,952 was due from the director. Advances of £169,026 were made in the year and repayments of £8,148 were made. Interest has been charged at 2% per annum amounting
to £74.