Registered number
04623560
The JMH Partnership Ltd
Filleted Abridged Accounts
31 December 2022
The JMH Partnership Ltd
Registered number: 04623560
Abridged Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 4 14,670 14,649
Current assets
Debtors 479,906 366,393
Cash at bank and in hand 5,515,045 5,054,520
5,994,951 5,420,913
Creditors: amounts falling due within one year (192,349) (185,592)
Net current assets 5,802,602 5,235,321
Net assets 5,817,272 5,249,970
Capital and reserves
Called up share capital 2 2
Profit and loss account 5,817,270 5,249,968
Shareholders' funds 5,817,272 5,249,970
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
John Hadjisavvas
Director
Approved by the board on 24 December 2023
The JMH Partnership Ltd
Notes to the Abridged Accounts
for the year ended 31 December 2022
1 Accounting policies
Basis of preparation
The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the Invocie value of the consideration received or receivable, net of discounts and value added taxes plus work in progress.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computers, furniture and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all material timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
All assets are classified as operatiing leases as there are no assets held under finance leases.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 6 6
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2022 500,000
At 31 December 2022 500,000
Amortisation
At 1 January 2022 500,000
At 31 December 2022 500,000
Net book value
At 31 December 2022 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Total
£
Cost
At 1 January 2022 97,161
Additions 3,594
At 31 December 2022 100,755
Depreciation
At 1 January 2022 82,512
Charge for the year 3,573
At 31 December 2022 86,085
Net book value
At 31 December 2022 14,670
At 31 December 2021 14,649
5 Other information
The JMH Partnership Ltd is a private company limited by shares and incorporated in England. Its registered office is:
481 Green Lanes
Palmers Green
London
N13 4BS
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