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REGISTERED NUMBER: 00971251 (England and Wales)












Michael Jones Community Limited

Financial Statements

for the Year Ended 30 September 2023






Michael Jones Community Limited (Registered number: 00971251)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Michael Jones Community Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: M J Tyrrell
S M O'Grady
J M Conway
R White





SECRETARY: S Smith





REGISTERED OFFICE: 1 Gold Street
Northampton
Northamptonshire
NN1 1SA





REGISTERED NUMBER: 00971251 (England and Wales)





AUDITORS: Kilby Fox
Statutory Auditor
4 Pavilion Court
600 Pavilion Drive
Northampton Business Park
Northampton
Northamptonshire
NN4 7SL

Michael Jones Community Limited (Registered number: 00971251)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 7,000 7,000

CURRENT ASSETS
Debtors 5 37,000 25,000
Cash at bank 6,849 19,057
43,849 44,057
NET CURRENT ASSETS 43,849 44,057
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,849

51,057

RESERVES
Income and expenditure account 50,849 51,057
50,849 51,057

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 12 March 2024 and were signed on its behalf by:




M J Tyrrell - Director S M O'Grady - Director




J M Conway - Director R White - Director


Michael Jones Community Limited (Registered number: 00971251)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Michael Jones Community Limited is a private company, limited by guarantee , 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.

Taxation
Taxation for the year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2022
and 30 September 2023 44,610
PROVISIONS
At 1 October 2022
and 30 September 2023 37,610
NET BOOK VALUE
At 30 September 2023 7,000
At 30 September 2022 7,000

Michael Jones Community Limited (Registered number: 00971251)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 37,000 25,000

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Frances Tebbutt ACA FCCA MAAT (Senior Statutory Auditor)
for and on behalf of Kilby Fox

7. RELATED PARTY DISCLOSURES

S O'Grady, M Tyrrell, R White and J Conway are directors of Michael Jones Community Limited and also directors of Michael Jones Co-operative Limited.

Included within debtors: amounts falling due within one year is £37,000 (2022 : £25,000) owed from Michael Jones Co-operative Limited.

During the year £37,000 (2022 : £25,000) of donations have been paid to Michael Jones Community Limited from Michael Jones Co-operative Limited.