Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31truetrue10false42023-01-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03068975 2023-01-01 2023-12-31 03068975 2022-01-01 2022-12-31 03068975 2023-12-31 03068975 2022-12-31 03068975 c:Director1 2023-01-01 2023-12-31 03068975 c:Director2 2023-01-01 2023-12-31 03068975 d:CurrentFinancialInstruments 2023-12-31 03068975 d:CurrentFinancialInstruments 2022-12-31 03068975 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03068975 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03068975 d:ShareCapital 2023-12-31 03068975 d:ShareCapital 2022-12-31 03068975 d:RetainedEarningsAccumulatedLosses 2023-12-31 03068975 d:RetainedEarningsAccumulatedLosses 2022-12-31 03068975 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 03068975 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-12-31 03068975 c:FRS102 2023-01-01 2023-12-31 03068975 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03068975 c:FullAccounts 2023-01-01 2023-12-31 03068975 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03068975 2 2023-01-01 2023-12-31 03068975 4 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 03068975









JON ADAM LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
JON ADAM LIMITED
REGISTERED NUMBER: 03068975

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
246,845
246,032

Cash at bank and in hand
 5 
53,847
155,543

  
300,692
401,575

Creditors: amounts falling due within one year
 6 
(367,483)
(492,669)

Net current liabilities
  
 
 
(66,791)
 
 
(91,094)

Total assets less current liabilities
  
(66,791)
(91,094)

  

Net liabilities
  
(66,791)
(91,094)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(66,891)
(91,194)

  
(66,791)
(91,094)


Page 1

 
JON ADAM LIMITED
REGISTERED NUMBER: 03068975
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




G J Gold
M R Laub
Director
Director


Date: 23 August 2024
Date:23 August 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
JON ADAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Jon Adam Limited is a private company limited by shares and is incorporated and domiciled in England. The company's registered office address is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are presented in Sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Given that the company is in a net deficit position, the directors have obtained assurances from its immediate and ultimate parent company to continue to provide funds to meet its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
JON ADAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
JON ADAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are 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.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Management
3
3



Administration
1
1



Sales and distribution
-
6

4
10


4.


Debtors

2023
2022
£
£


Other debtors
246,845
246,032

246,845
246,032


Page 5

 
JON ADAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
53,847
155,543

53,847
155,543



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
1,302

Amounts owed to group undertakings
331,144
451,115

Other taxation and social security
-
2,884

Other creditors
30,858
30,858

Accruals and deferred income
5,481
6,510

367,483
492,669



7.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
53,847
155,543




Financial assets measured at fair value through profit or loss comprise cash and cash equivalents.


Financial assets that are debt instruments measured at amortised cost comprise trade debtors and loans receivable.


Financial liabilities measured at amortised cost comprise trade creditors, other creditors, loans payable and accruals.


8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £NIL (2022 - £15,788).

 
Page 6