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REGISTERED NUMBER: 04762289 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2022 TO 31 AUGUST 2023

FOR

HANLEY OF JAYBANK LTD

HANLEY OF JAYBANK LTD (REGISTERED NUMBER: 04762289)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 June 2022 to 31 August 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HANLEY OF JAYBANK LTD

COMPANY INFORMATION
for the Period 1 June 2022 to 31 August 2023







DIRECTORS: N E Hanley
Mrs K M Hanley





SECRETARY: Mrs K M Hanley





REGISTERED OFFICE: 44 Queen Street
Wigan
Lancashire
WN3 4HX





REGISTERED NUMBER: 04762289 (England and Wales)





ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

HANLEY OF JAYBANK LTD (REGISTERED NUMBER: 04762289)

STATEMENT OF FINANCIAL POSITION
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 329,900 -
Investment property 5 1,032,874 1,032,874
1,362,774 1,032,874

CURRENT ASSETS
Debtors 6 515,707 528,227
Cash at bank 12,625 33,606
528,332 561,833
CREDITORS
Amounts falling due within one year 7 26,341 73,604
NET CURRENT ASSETS 501,991 488,229
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,864,765

1,521,103

CREDITORS
Amounts falling due after more than one
year

8

9,532

15,783
NET ASSETS 1,855,233 1,505,320

CAPITAL AND RESERVES
Called up share capital 500,000 170,100
Retained earnings 1,355,233 1,335,220
SHAREHOLDERS' FUNDS 1,855,233 1,505,320

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2023 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.

HANLEY OF JAYBANK LTD (REGISTERED NUMBER: 04762289)

STATEMENT OF FINANCIAL POSITION - continued
31 August 2023


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 Board of Directors and authorised for issue on 17 April 2024 and were signed on its behalf by:





N E Hanley - Director


HANLEY OF JAYBANK LTD (REGISTERED NUMBER: 04762289)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 June 2022 to 31 August 2023

1. STATUTORY INFORMATION

Hanley of Jaybank Ltd 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.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment properties are initially held at cost. Any subsequent changes to fair value are recognised in profit and loss.

Taxation
Taxation for the period 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 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 period 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.

Government grants
Income received from government grants is accounting for using the accruals basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

HANLEY OF JAYBANK LTD (REGISTERED NUMBER: 04762289)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 June 2022 to 31 August 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 329,900
At 31 August 2023 329,900
NET BOOK VALUE
At 31 August 2023 329,900

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 August 2023 1,032,874
NET BOOK VALUE
At 31 August 2023 1,032,874
At 31 May 2022 1,032,874

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by associates 397,905 528,227
Other debtors 117,802 -
515,707 528,227

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,018 4,863
Trade creditors 587 -
Taxation and social security 16,736 18,482
Other creditors 4,000 50,259
26,341 73,604

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 9,532 15,783

HANLEY OF JAYBANK LTD (REGISTERED NUMBER: 04762289)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 June 2022 to 31 August 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 August 2023 and the year ended 31 May 2022:

2023 2022
£    £   
N E Hanley and Mrs K M Hanley
Balance outstanding at start of period 40,009 249,461
Amounts advanced (198,561 ) (209,452 )
Amounts repaid 46,000 -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (112,552 ) 40,009

Interest has been charged on the amount owed by the Directors at 2% to 5 April 2023 and 2.25% with effect from 6 April 2023. This is in accordance with HMRC's official rate of interest.

The directors loan account was repaid in full in December 2023.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr N E Hanley, by virtue of his shareholding in the company.