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REGISTERED NUMBER: 12017649 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 31 MAY 2022 TO 29 NOVEMBER 2023

FOR

MAN JONES LIMITED

MAN JONES LIMITED (REGISTERED NUMBER: 12017649)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 MAY 2022 TO 29 NOVEMBER 2023










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 6


MAN JONES LIMITED (REGISTERED NUMBER: 12017649)

STATEMENT OF FINANCIAL POSITION
29 NOVEMBER 2023

29.11.23 30.5.22
Notes £    £   
FIXED ASSETS
Investment property 4 - 170,575

CURRENT ASSETS
Cash at bank 22,510 2,015

CREDITORS
Amounts falling due within one year 5 (20,990 ) (1,625 )
NET CURRENT ASSETS 1,520 390
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,520

170,965

CREDITORS
Amounts falling due after more than one
year

6

(33,330

)

(172,912

)
NET LIABILITIES (31,810 ) (1,947 )

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings (31,813 ) (1,950 )
(31,810 ) (1,947 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 November 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 November 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.

MAN JONES LIMITED (REGISTERED NUMBER: 12017649)

STATEMENT OF FINANCIAL POSITION - continued
29 NOVEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2024 and were signed by:





A N Jones - Director


MAN JONES LIMITED (REGISTERED NUMBER: 12017649)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 MAY 2022 TO 29 NOVEMBER 2023


1. STATUTORY INFORMATION

Man Jones Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12017649

Registered office: 2 Longdoles Avenue
Stoke-On-Trent
ST3 5JJ

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 financial statements are prepare in sterling, which is the functional currency of the entity.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(i) Valuation of investment property

The investment property is stated in the balance sheet at fair value, based on the valuation performed by the directors. The directors are of the opinion that the year-end valuation is not materially different to current market price observed.

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

MAN JONES LIMITED (REGISTERED NUMBER: 12017649)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 MAY 2022 TO 29 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

TAXATION
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

MAN JONES LIMITED (REGISTERED NUMBER: 12017649)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 MAY 2022 TO 29 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

GOING CONCERN
The accounts have been prepared on the going concern basis which assumes that the company will continue to trade for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 May 2022 170,575
Disposals (170,575 )
At 29 November 2023 -
NET BOOK VALUE
At 29 November 2023 -
At 30 May 2022 170,575


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.11.23 30.5.22
£    £   
Directors' loan accounts 20,000 -
Accruals and deferred income 990 1,625
20,990 1,625

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.11.23 30.5.22
£    £   
Bank loans more 5 yrs non-inst - 121,250
Directors' loan accounts 33,330 51,662
33,330 172,912

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst - 121,250

7. SECURED DEBTS

The bank loan is secured by fixed and floating charges over all property or undertaking of the company.

MAN JONES LIMITED (REGISTERED NUMBER: 12017649)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 MAY 2022 TO 29 NOVEMBER 2023


8. RELATED PARTY DISCLOSURES

All transactions undertaken with the directors are deemed to be conducted under normal market conditions and/or are not material.

9. GOING CONCERN

At 29 November 2023 the company has net liabilities of £31,810. However the director, Mr A Jones has a directors loan with the company in the sum of £53,330 and the director has provided the company with confirmation that he will not call in his directors loan account as shown within long term creditors. Accordingly, the director considers it appropriate to prepare the financial statements on the going concern basis.