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Company Registration No. 6996398 (England and Wales)
JM Partners UK Limited Unaudited accounts for the year ended 24 November 2022
JM Partners UK Limited Unaudited accounts Contents
Page
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JM Partners UK Limited Company Information for the year ended 24 November 2022
Director
Andrew Mitchell
Company Number
6996398 (England and Wales)
Registered Office
2 STATHAM COURT STATHAM STREET MACCLESFIELD CHESHIRE SK11 6XN ENGLAND
Accountants
Batesons 2 Statham Court Statham Street Macclesfield Cheshire SK11 6XN
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JM Partners UK Limited Statement of financial position as at 24 November 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,658 
9,149 
Investments
3,968 
3,968 
11,626 
13,117 
Current assets
Debtors
69,824 
99,791 
Cash at bank and in hand
941 
16,548 
70,765 
116,339 
Creditors: amounts falling due within one year
(50,145)
(40,381)
Net current assets
20,620 
75,958 
Total assets less current liabilities
32,246 
89,075 
Creditors: amounts falling due after more than one year
(15,000)
(16,667)
Provisions for liabilities
Deferred tax
(1,455)
(1,738)
Net assets
15,791 
70,670 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
15,591 
70,470 
Shareholders' funds
15,791 
70,670 
For the year ending 24 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 October 2023 and were signed on its behalf by
Andrew Mitchell Director Company Registration No. 6996398
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JM Partners UK Limited Notes to the Accounts for the year ended 24 November 2022
1
Statutory information
JM Partners UK Limited is a private company, limited by shares, registered in England and Wales, registration number 6996398. The registered office is 2 STATHAM COURT, STATHAM STREET, MACCLESFIELD, CHESHIRE, SK11 6XN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% Reducing Balance Basis
Computer equipment
33% Reducing Balance Basis
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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JM Partners UK Limited Notes to the Accounts for the year ended 24 November 2022
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 25 November 2021
11,753 
2,730 
14,483 
At 24 November 2022
11,753 
2,730 
14,483 
Depreciation
At 25 November 2021
3,261 
2,073 
5,334 
Charge for the year
1,274 
217 
1,491 
At 24 November 2022
4,535 
2,290 
6,825 
Net book value
At 24 November 2022
7,218 
440 
7,658 
At 24 November 2021
8,492 
657 
9,149 
5
Investments
Other investments 
£ 
Valuation at 25 November 2021
3,968 
Valuation at 24 November 2022
3,968 
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
8,497 
Other debtors
69,824 
91,294 
69,824 
99,791 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
4,000 
3,333 
Taxes and social security
45,037 
34,732 
Other creditors
316 
1,116 
Accruals
792 
1,200 
50,145 
40,381 
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
15,000 
16,667 
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JM Partners UK Limited Notes to the Accounts for the year ended 24 November 2022
9
Deferred taxation
2022 
2021 
£ 
£ 
Accelerated capital allowances
1,455 
1,738 
2022 
2021 
£ 
£ 
Provision at start of year
1,738 
2,084 
Credited to the profit and loss account
(283)
(346)
Provision at end of year
1,455 
1,738 
10
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200 
200 
11
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Directors Loan
91,294 
62,485 
83,955 
69,824 
91,294 
62,485 
83,955 
69,824 
Interest has been charged on the loan balance once it exceeds £10,000.
12
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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