Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true2023-01-01falseliterary agents1516falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03919704 2023-01-01 2023-12-31 03919704 2022-01-01 2022-12-31 03919704 2023-12-31 03919704 2022-12-31 03919704 c:Director2 2023-01-01 2023-12-31 03919704 d:PlantMachinery 2023-01-01 2023-12-31 03919704 d:PlantMachinery 2023-12-31 03919704 d:PlantMachinery 2022-12-31 03919704 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03919704 d:CurrentFinancialInstruments 2023-12-31 03919704 d:CurrentFinancialInstruments 2022-12-31 03919704 d:Non-currentFinancialInstruments 2023-12-31 03919704 d:Non-currentFinancialInstruments 2022-12-31 03919704 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03919704 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03919704 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 03919704 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 03919704 d:ShareCapital 2023-12-31 03919704 d:ShareCapital 2022-12-31 03919704 d:RetainedEarningsAccumulatedLosses 2023-12-31 03919704 d:RetainedEarningsAccumulatedLosses 2022-12-31 03919704 c:OrdinaryShareClass1 2023-01-01 2023-12-31 03919704 c:OrdinaryShareClass1 2023-12-31 03919704 c:OrdinaryShareClass1 2022-12-31 03919704 c:FRS102 2023-01-01 2023-12-31 03919704 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03919704 c:FullAccounts 2023-01-01 2023-12-31 03919704 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 03919704














JANKLOW & NESBIT (UK) LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
JANKLOW & NESBIT (UK) LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
JANKLOW & NESBIT (UK) LIMITED
REGISTERED NUMBER:03919704

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
8,585
12,224

Current assets
  

Debtors: amounts falling due within one year
 5 
32,541
23,619

Bank and cash balances
  
198,481
51,301

  
231,022
74,920

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(141,511)
(142,642)

Net current assets/(liabilities)
  
 
 
89,511
 
 
(67,722)

Total assets less current liabilities
  
98,096
(55,498)

Creditors: amounts falling due after more than one year
 7 
(694,299)
(730,481)

Net liabilities
  
(596,203)
(785,979)


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
(596,204)
(785,980)

  
(596,203)
(785,979)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
JANKLOW & NESBIT (UK) LIMITED
REGISTERED NUMBER:03919704
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 February 2024.




W R Francis
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
JANKLOW & NESBIT (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Janklow & Nesbit (UK) Limited is a private limited liability company incorporated in England and Wales, with its registered office address at 5 Elstree Gate, Elstree Way, Borehamwood, WD6 1JD and business office address at 66-67 Newman Street, London W1T 3EQ.

The principal activity of the Company continued to be that of literary agents.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis which is dependent upon the continued support of the shareholders. In the opinion of the directors the Company will continue to receive such financial support as may be required to enable it to meet its liabilities for at least 12 months following the date of their approval of the financial statements and on this basis have prepared the financial statements on a going concern basis.

 
2.3

Turnover

Turnover represents commission receivable for services net of VAT.
Commission is recognised when contractually due.

 
2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ Sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Comprehensive Income on a straight line basis over the lease term

Page 3

 
JANKLOW & NESBIT (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

 
2.7

Pensions

Defined contribution pension plan
The Company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. 
The contributions are recognised as an expense in the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Plant and machinery
-
25% reducing balance method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

 
2.10

Debtors

Short term debtors are measured at the transaction price, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

Page 4

 
JANKLOW & NESBIT (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 15 (2022 - 16).


4.


Tangible fixed assets





Plant and machinery

£



Cost


At 1 January 2023
36,486


Additions
158


Disposals
(970)



At 31 December 2023

35,674



Depreciation


At 1 January 2023
24,262


Charge for the year on owned assets
2,866


Disposals
(39)



At 31 December 2023

27,089



Net book value



At 31 December 2023
8,585



At 31 December 2022
12,224

Page 5

 
JANKLOW & NESBIT (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Other debtors
7,200
7,200

Prepayments
25,341
16,419

32,541
23,619



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
7,029
13,767

Taxation and social security
73,701
74,379

Other creditors
11,929
11,627

Accruals and deferred income
48,852
42,869

141,511
142,642



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Amounts owed to group undertakings
694,299
730,481



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1
1
1



9.


Related party transactions

The Company has taken advantage of the exemption under FRS102 33.1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.

Page 6

 
JANKLOW & NESBIT (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Controlling party

The ultimate parent undertaking is Janklow & Nesbit Associates, a general partnership registered in the United States of America. The directors regard L W Janklow; a director of the Company, as the ultimate controlling party.

 
Page 7