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Registration number: 07250669

Shaun Jones Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2022

 

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Company Information

Director

Mr Shaun Edward Jones

Registered office

651 Bloxwich Road
Leamore
Walsall
West Midlands
WS3 2BQ

Accountants

Wychbury Greaves
Station House
Station Road
Rugeley
Staffordshire
WS15 3HA

 

(Registration number: 07250669)
Balance Sheet as at 30 November 2022

Note

2022
£

2021
£

Fixed assets

 

Investments

4

412,595

412,595

Current assets

 

Debtors

(105,151)

(151,543)

Creditors: Amounts falling due within one year

(248,144)

(201,752)

Net current liabilities

 

(353,295)

(353,295)

Net assets

 

59,300

59,300

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

59,200

59,200

Shareholders' funds

 

59,300

59,300

For the financial year ending 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 January 2024
 

.........................................
Mr Shaun Edward Jones
Director

 

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2022

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
651 Bloxwich Road
Leamore
Walsall
West Midlands
WS3 2BQ
England

These financial statements were authorised for issue by the director on 18 January 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2022

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2021 - 1).

4

Investments

2022
£

2021
£

Investments in subsidiaries

412,595

412,595

Subsidiaries

£

Cost or valuation

At 1 December 2021

412,595

Provision

Carrying amount

At 30 November 2022

412,595

At 30 November 2021

412,595

5

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary A of £1 each

100

100

100

100

         
 

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2022

6

Dividends

   

2022

 

2021

   

£

 

£

Final dividend of £Nil (2021 - £12,000.00) per ordinary share

 

-

 

12,000

         

7

Related party transactions

Summary of transactions with subsidiaries

The company owed £105,151 (2021 - £151,543) to its wholly-owned subsidiary Allens Fishing Tackle Ltd as at the year end.