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REGISTERED NUMBER: 07383755 (England and Wales)















JETFIELD DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 26TH FEBRUARY 2022






JETFIELD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07383755)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26TH FEBRUARY 2022










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


JETFIELD DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 26TH FEBRUARY 2022







DIRECTOR: E Posen





REGISTERED OFFICE: 230b Golders Green Road
Golders Green
London
NW11 9AT





REGISTERED NUMBER: 07383755 (England and Wales)





ACCOUNTANTS: Joseph Kahan Associates LLP
Chartered Accountants
923 Finchley Road
London
NW11 7PE

JETFIELD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07383755)

ABRIDGED STATEMENT OF FINANCIAL POSITION
26TH FEBRUARY 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Debtors 505,645 508,958
Cash at bank 1,813 -
507,458 508,958
CREDITORS
Amounts falling due within one year 449,967 447,974
NET CURRENT ASSETS 57,491 60,984
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,491

60,984

CREDITORS
Amounts falling due after more than one
year

41,762

42,377
NET ASSETS 15,729 18,607

CAPITAL AND RESERVES
Called up share capital 4 1 1
Retained earnings 15,728 18,606
SHAREHOLDERS' FUNDS 15,729 18,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 26th February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 26th February 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

JETFIELD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07383755)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
26TH FEBRUARY 2022


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 26th February 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1st February 2024 and were signed by:





E Posen - Director


JETFIELD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07383755)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26TH FEBRUARY 2022


1. STATUTORY INFORMATION

Jetfield Developments Limited 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.

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.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
1 Ordinary £1 1 1