IRIS Accounts Production v23.1.0.753 06811795 director 1.3.22 28.2.23 28.2.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure068117952022-02-28068117952023-02-28068117952022-03-012023-02-28068117952021-02-28068117952021-03-012022-02-28068117952022-02-2806811795ns16:EnglandWales2022-03-012023-02-2806811795ns15:PoundSterling2022-03-012023-02-2806811795ns11:Director12022-03-012023-02-2806811795ns11:PrivateLimitedCompanyLtd2022-03-012023-02-2806811795ns11:SmallEntities2022-03-012023-02-2806811795ns11:AuditExempt-NoAccountantsReport2022-03-012023-02-2806811795ns11:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2806811795ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-2806811795ns11:FullAccounts2022-03-012023-02-2806811795ns11:OrdinaryShareClass12022-03-012023-02-2806811795ns11:CompanySecretary12022-03-012023-02-2806811795ns11:RegisteredOffice2022-03-012023-02-2806811795ns6:CurrentFinancialInstruments2023-02-2806811795ns6:CurrentFinancialInstruments2022-02-2806811795ns6:ShareCapital2023-02-2806811795ns6:ShareCapital2022-02-2806811795ns6:RetainedEarningsAccumulatedLosses2023-02-2806811795ns6:RetainedEarningsAccumulatedLosses2022-02-2806811795ns6:ComputerEquipment2022-03-012023-02-2806811795ns6:ComputerEquipment2022-02-2806811795ns6:ComputerEquipment2023-02-2806811795ns6:ComputerEquipment2022-02-2806811795ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-2806811795ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-2806811795ns6:DeferredTaxation2022-02-2806811795ns6:DeferredTaxation2022-03-012023-02-2806811795ns6:DeferredTaxation2023-02-2806811795ns11:OrdinaryShareClass12023-02-2806811795ns6:RetainedEarningsAccumulatedLosses2022-02-2806811795ns6:RetainedEarningsAccumulatedLosses2022-03-012023-02-28
REGISTERED NUMBER: 06811795 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Jensen Marks Limited

Jensen Marks Limited (Registered number: 06811795)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Jensen Marks Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mr M P Hourigan





SECRETARY: Ms S G Clayton





REGISTERED OFFICE: 82 Drakefield Road
London
SW17 8RR





REGISTERED NUMBER: 06811795 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
Chartered Accountants
3 Park Square
Leeds
LS1 2NE

Jensen Marks Limited (Registered number: 06811795)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,822 3,329

CURRENT ASSETS
Debtors 5 141,175 12,500
Cash at bank 511 25,342
141,686 37,842
CREDITORS
Amounts falling due within one year 6 101,903 28,685
NET CURRENT ASSETS 39,783 9,157
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,605

12,486

PROVISIONS FOR LIABILITIES 7 346 632
NET ASSETS 41,259 11,854

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 41,258 11,853
SHAREHOLDERS' FUNDS 41,259 11,854

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 January 2024 and were signed by:



Mr M P Hourigan - Director


Jensen Marks Limited (Registered number: 06811795)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Jensen Marks 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Revenue and profit recognition
Revenue represents the fair value of consideration received or receivable from clients for services provided. The revenue and profit on contracts is recognised when the work is performed.

Amounts recoverable on contracts
Amounts recoverable on contracts represents revenue receivable from clients at the balance sheet date. The valuation of amounts recoverable on contracts is adjusted to take up profit to date in accordance with the accounting policy for profit recognition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Jensen Marks Limited (Registered number: 06811795)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 March 2022
and 28 February 2023 15,284
DEPRECIATION
At 1 March 2022 11,955
Charge for year 1,507
At 28 February 2023 13,462
NET BOOK VALUE
At 28 February 2023 1,822
At 28 February 2022 3,329

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax recoverable 32,469 -
Amounts due from related party
undertakings

12,500

12,500
Director's current account 96,206 -
141,175 12,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 53,727 20,888
VAT 4,340 5,419
Amounts owed to related party 40,000 -
Director's current account - 878
Accrued expenses 3,836 1,500
101,903 28,685

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 346 632

Deferred
tax
£   
Balance at 1 March 2022 632
Provided during year (286 )
Balance at 28 February 2023 346

Jensen Marks Limited (Registered number: 06811795)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

9. RESERVES
Retained
earnings
£   

At 1 March 2022 11,853
Profit for the year 89,405
Dividends (60,000 )
At 28 February 2023 41,258

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £60,000 (2022 - £90,000) were paid to the director .

At 28 February 2023 the company was owed £12,500 (2022 : £12,500) by Flyconnex Limited.

At 28 February 2023 the company owed an amount of £40,000 (2022 : £NIL ) to Heliconnex Limited.

Heliconnex Limited and Flyconnex Limited are related parties via common control.

At the year end the company was owed a balance of £96,206 (2022: £Nil) from its director.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M P Hourigan.