0 false false false false false false false false false false true false false false false false false No description of principal activity 2021-09-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 09735585 2021-09-01 2022-08-31 09735585 2022-08-31 09735585 2021-08-31 09735585 2020-09-01 2021-08-31 09735585 2021-08-31 09735585 2020-08-31 09735585 bus:RegisteredOffice 2021-09-01 2022-08-31 09735585 bus:LeadAgentIfApplicable 2021-09-01 2022-08-31 09735585 bus:Director1 2021-09-01 2022-08-31 09735585 core:WithinOneYear 2022-08-31 09735585 core:WithinOneYear 2021-08-31 09735585 core:AfterOneYear 2022-08-31 09735585 core:AfterOneYear 2021-08-31 09735585 core:ShareCapital 2022-08-31 09735585 core:ShareCapital 2021-08-31 09735585 core:RetainedEarningsAccumulatedLosses 2022-08-31 09735585 core:RetainedEarningsAccumulatedLosses 2021-08-31 09735585 bus:SmallEntities 2021-09-01 2022-08-31 09735585 bus:AuditExempt-NoAccountantsReport 2021-09-01 2022-08-31 09735585 bus:SmallCompaniesRegimeForAccounts 2021-09-01 2022-08-31 09735585 bus:PrivateLimitedCompanyLtd 2021-09-01 2022-08-31 09735585 bus:FullAccounts 2021-09-01 2022-08-31
COMPANY REGISTRATION NUMBER: 09735585
JET SET LET LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 August 2022
JET SET LET LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2022
Contents
Pages
Officers and professional advisers
1
Statement of financial position
2 to 3
Notes to the financial statements
4 to 5
JET SET LET LIMITED
OFFICERS AND PROFESSIONAL ADVISERS
Director
Ms A Elston
Registered office
Flat 1 6 Burrows Mews
Southwark
London
SE1 8LD
Accountants
TC BSG Valentine Limited
Accountants
Lynton House
7-12 Tavistock Square
London
WC1H 9BQ
JET SET LET LIMITED
STATEMENT OF FINANCIAL POSITION
31 August 2022
2022
2021
Note
£
£
£
£
CURRENT ASSETS
Debtors
5
603,985
501,077
Cash at bank and in hand
11,909
1,579
---------
---------
615,894
502,656
CREDITORS: amounts falling due within one year
6
( 615,788)
( 515,528)
---------
---------
NET CURRENT ASSETS/(LIABILITIES)
106
( 12,872)
----
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
106
( 12,872)
CREDITORS: amounts falling due after more than one year
7
( 39,692)
( 40,000)
--------
--------
NET LIABILITIES
( 39,586)
( 52,872)
--------
--------
CAPITAL AND RESERVES
Called up share capital
1
1
Profit and loss account
( 39,587)
( 52,873)
--------
--------
SHAREHOLDERS DEFICIT
( 39,586)
( 52,872)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2022 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
JET SET LET LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 August 2022
These financial statements were approved by the board of directors and authorised for issue on 28 November 2023 , and are signed on behalf of the board by:
Ms A Elston
Director
Company registration number: 09735585
JET SET LET LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Flat 1 6 Burrows Mews, Southwark, London, SE1 8LD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2021: 1 ).
5. Debtors
2022
2021
£
£
Other debtors
603,985
501,077
---------
---------
6. Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
10,000
10,138
Other creditors
605,788
505,390
---------
---------
615,788
515,528
---------
---------
7. Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
39,692
40,000
--------
--------