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REGISTERED NUMBER: 04572881 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

JFS ASSOCIATES LIMITED

JFS ASSOCIATES LIMITED (REGISTERED NUMBER: 04572881)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 5

JFS ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: G M W Brookes





SECRETARY: Mrs S A Brookes





REGISTERED OFFICE: 4 Prestbury Road
Cheltenham
Gloucestershire
GL52 2PW





REGISTERED NUMBER: 04572881 (England and Wales)





ACCOUNTANTS: BK Plus Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX

JFS ASSOCIATES LIMITED (REGISTERED NUMBER: 04572881)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 848 -
Cash at bank - 1,476
848 1,476
CREDITORS
Amounts falling due within one year (770 ) (1,437 )
NET CURRENT ASSETS 78 39
TOTAL ASSETS LESS CURRENT
LIABILITIES

78

39

CAPITAL AND RESERVES
Called up share capital 4 1 1
Retained earnings 77 38
SHAREHOLDERS' FUNDS 78 39

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

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

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 Statement of Financial Position for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 7 August 2024 and were signed by:




G M W Brookes - Director


JFS ASSOCIATES LIMITED (REGISTERED NUMBER: 04572881)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

JFS Associates 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.

The sole director, who is also a director of the parent company JFS Cheltenham Limited, has considered the working capital needs of the company for a period of twelve months from the date of approval of these financial statements and has agreed to continue to financially support the company by not allowing the parent company to withdraw its funding and to continue to provide additional working capital according to this company's assessed needs. As a result, these financial statements have been prepared on the basis that the company is a going concern.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is by way of a management recharge to the parent company JFS Cheltenham Ltd and is recognised on receipt.

3. EMPLOYEES AND DIRECTORS

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

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 Ordinary shares £1 1 1

JFS ASSOCIATES LIMITED (REGISTERED NUMBER: 04572881)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. RELATED PARTY DISCLOSURES

JFS Cheltenham Limited

Parent company


During the year JFS Associates Limited made charges of £9,300 (2022: £9,500) to the parent company on an arms length basis.

At the end of the year £848 (2022 owed to the parent company: £719) was owed from the parent company. This advance is interest-free and unsecured. It is technically repayable on demand, although the parent company has agreed to provide working capital support to the company and will therefore not withdraw its funding to the detriment of other unsecured creditors.

31.12.23 31.12.22
£    £   
Amount due from/(to) related party at the balance sheet date 848 (719 )

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
JFS ASSOCIATES LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of JFS Associates Limited for the year ended 31 December 2023 which comprise the Statement of Income and Retained Earnings, Abridged Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of JFS Associates Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of JFS Associates Limited and state those matters that we have agreed to state to the director of JFS Associates Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that JFS Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of JFS Associates Limited. You consider that JFS Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of JFS Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BK Plus Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX


7 August 2024