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REGISTERED NUMBER: 11681856 (England and Wales)
















JTG Asset Management Limited

Unaudited Financial Statements

for the Year Ended 30th November 2022






JTG Asset Management Limited (Registered number: 11681856)






Contents of the Financial Statements
for the Year Ended 30th November 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JTG Asset Management Limited

Company Information
for the Year Ended 30th November 2022







Directors: Mr. T G Sessions
Mr. J S Sessions





Registered office: 5 Jaycroft
The Ridgeway
Enfield
EN2 8NG





Registered number: 11681856 (England and Wales)





Accountants: Wilson Stevens
Accountants
4th Floor
100 Fenchurch Street
London
EC3M 5JD

JTG Asset Management Limited (Registered number: 11681856)

Statement of Financial Position
30th November 2022

2022 2021
Notes £    £    £    £   
Fixed assets
Tangible assets 4 4,666 6,221

Current assets
Debtors 5 20 20
Cash at bank 2,581 1,477
2,601 1,497
Creditors
Amounts falling due within one year 6 13,843 10,473
Net current liabilities (11,242 ) (8,976 )
Total assets less current liabilities (6,576 ) (2,755 )

Creditors
Amounts falling due after more than one
year

7

31,252

31,170
Net liabilities (37,828 ) (33,925 )

Capital and reserves
Called up share capital 2 2
Retained earnings (37,830 ) (33,927 )
(37,828 ) (33,925 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2022 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.

JTG Asset Management Limited (Registered number: 11681856)

Statement of Financial Position - continued
30th November 2022


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 15th November 2023 and were signed on its behalf by:





Mr. T G Sessions - Director


JTG Asset Management Limited (Registered number: 11681856)

Notes to the Financial Statements
for the Year Ended 30th November 2022

1. Statutory information

JTG Asset Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

At the balance sheet date the company's liabilities exceeded its assets and the company received assurance from the directors, that they will continue to give financial support to the company for twelve months from the date of signing of these financial statements.

On this basis, the directors considers it appropriate to prepare the financial statements on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis is used in preparing the company's financial statements may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The financial statements do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

3. Employees and directors

The average number of employees during the year was 2 (2021 - 2 ) .

JTG Asset Management Limited (Registered number: 11681856)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2022

4. Tangible fixed assets
Computer
equipment
£   
Cost
At 1st December 2021
and 30th November 2022 6,221
Depreciation
Charge for year 1,555
At 30th November 2022 1,555
Net book value
At 30th November 2022 4,666
At 30th November 2021 6,221

5. Debtors: amounts falling due within one year
2022 2021
£    £   
Other debtors 20 20

6. Creditors: amounts falling due within one year
2022 2021
£    £   
Bank loans and overdrafts 8,000 8,000
Trade creditors 2,414 187
Taxation and social security 24 24
Other creditors 3,405 2,262
13,843 10,473

7. Creditors: amounts falling due after more than one year
2022 2021
£    £   
Bank loans 31,252 31,170