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REGISTERED NUMBER: 09803459 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

London Jersey Limited

London Jersey Limited (Registered number: 09803459)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


London Jersey Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr Sotiris Xeni





REGISTERED OFFICE: 36-38 Mortimer Street
London
W1W 7RG





REGISTERED NUMBER: 09803459 (England and Wales)





ACCOUNTANTS: Chris Pantazis Ltd T/A CPS & Co
Chartered Accountants
10A Aldermans Hill
Palmers Green
London
N13 4PJ

London Jersey Limited (Registered number: 09803459)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 630

CURRENT ASSETS
Debtors 5 6,982 88,526
Prepayments and accrued income 10,000 -
Cash at bank and in hand 4,657 2,868
21,639 91,394
CREDITORS
Amounts falling due within one year 6 16,648 81,310
NET CURRENT ASSETS 4,991 10,084
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,991

10,714

CREDITORS
Amounts falling due after more than one year 7 23,375 32,685
NET LIABILITIES (18,384 ) (21,971 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 (18,386 ) (21,973 )
SHAREHOLDERS' FUNDS (18,384 ) (21,971 )

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

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

London Jersey Limited (Registered number: 09803459)

Balance Sheet - continued
31 March 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 director and authorised for issue on 15 March 2024 and were signed by:





Mr Sotiris Xeni - Director


London Jersey Limited (Registered number: 09803459)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

London Jersey 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 48 ) .

London Jersey Limited (Registered number: 09803459)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 2,100 308 2,408
DEPRECIATION
At 1 April 2022 1,550 228 1,778
Charge for year 550 80 630
At 31 March 2023 2,100 308 2,408
NET BOOK VALUE
At 31 March 2023 - - -
At 31 March 2022 550 80 630

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors - 41,544
Other debtors 6,982 -
Directors' current accounts - 46,982
6,982 88,526

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts (see note 8) 10,648 10,648
Social security and other taxes - 26,138
VAT - 29,986
Other creditors 5,000 10,788
Accrued expenses 1,000 3,750
16,648 81,310

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 8) 23,375 32,685

8. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,648 10,648

London Jersey Limited (Registered number: 09803459)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. LOANS - continued
31.3.23 31.3.22
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 23,375 32,685

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
2 Ordinary Share Capital £1.00 2 2

10. RESERVES
Retained
earnings
£   

At 1 April 2022 (21,973 )
Profit for the year 3,587
At 31 March 2023 (18,386 )