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Company Registration No. 13415162 (England and Wales)
The Jamestown Group Limited Unaudited accounts for the year ended 31 May 2023
The Jamestown Group Limited Unaudited accounts Contents
Page
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The Jamestown Group Limited Company Information for the year ended 31 May 2023
Director
Jamie Homer
Company Number
13415162 (England and Wales)
Registered Office
Anumerate Office 2.05, Clockwise Old Town Hall, 30 Tweedy Road Bromley BR1 3FE England
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The Jamestown Group Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
410 
615 
Current assets
Debtors
41,233 
70,443 
Cash at bank and in hand
83,009 
35,094 
124,242 
105,537 
Creditors: amounts falling due within one year
(46,393)
(40,835)
Net current assets
77,849 
64,702 
Net assets
78,259 
65,317 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
78,257 
65,315 
Shareholders' funds
78,259 
65,317 
For the year ending 31 May 2023 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 26 January 2024 and were signed on its behalf by
Jamie Homer Director Company Registration No. 13415162
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The Jamestown Group Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
The Jamestown Group Limited is a private company, limited by shares, registered in England and Wales, registration number 13415162. The registered office is Anumerate Office 2.05, Clockwise, Old Town Hall, 30 Tweedy Road, Bromley, BR1 3FE, England.
2
Compliance with accounting standards
The accounts for the previous year ending 31/05/2022 were prepared in accordance with the providions of FRS105, these accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.and no material impact on the figures brought forward from the prior year.
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.
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.
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:
Computer equipment
25% straight line method
Dividends
Dividends distributed to the company's shareholders are recognised in the financial statements in the reporting period in which the dividends are declared.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
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The Jamestown Group Limited Notes to the Accounts for the year ended 31 May 2023
Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2022
820 
At 31 May 2023
820 
Depreciation
At 1 June 2022
205 
Charge for the year
205 
At 31 May 2023
410 
Net book value
At 31 May 2023
410 
At 31 May 2022
615 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
10,172 
- 
Trade debtors
28,290 
70,443 
Accrued income and prepayments
2,771 
- 
41,233 
70,443 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
3,455 
Trade creditors
7,446 
- 
Taxes and social security
36,123 
33,949 
Loans from directors
- 
1,791 
Accruals
2,824 
1,640 
46,393 
40,835 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
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The Jamestown Group Limited Notes to the Accounts for the year ended 31 May 2023
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Jamie Homer
Director's Loan
(1,792)
15,264 
- 
13,472 
(1,792)
15,264 
- 
13,472 
Loans to Directors are unsecured, interest-free and are due to be repaid within 9 months.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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