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REGISTERED NUMBER: 04733256 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

JON CHRISTOPHER LIMITED

JON CHRISTOPHER LIMITED (REGISTERED NUMBER: 04733256)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 AUGUST 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


JON CHRISTOPHER LIMITED (REGISTERED NUMBER: 04733256)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 41,194 23,957

CURRENT ASSETS
Debtors 5 213,419 104,830
Cash in hand 558 560
213,977 105,390
CREDITORS
Amounts falling due within one year 6 212,631 80,085
NET CURRENT ASSETS 1,346 25,305
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,540

49,262

CREDITORS
Amounts falling due after more than one
year

7

(35,218

)

(39,923

)

PROVISIONS FOR LIABILITIES 8 (6,971 ) -
NET ASSETS 351 9,339

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 347 9,335
351 9,339

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

JON CHRISTOPHER LIMITED (REGISTERED NUMBER: 04733256)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 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 Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:




Mr J A Pishiri - Director



Mr C Pishiri - Director


JON CHRISTOPHER LIMITED (REGISTERED NUMBER: 04733256)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 AUGUST 2023

1. STATUTORY INFORMATION

Jon Christopher 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: 04733256

Registered office: 1 Kings Avenue
London
N21 3NA

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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are significant judgements and estimates involved in the preparation of the financial statements.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and costs incurred or to be incurred in respect of the transaction can be measured reliably.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment
losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.


JON CHRISTOPHER LIMITED (REGISTERED NUMBER: 04733256)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 AUGUST 2023

2. ACCOUNTING POLICIES - continued
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 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 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.

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 10 ) .

JON CHRISTOPHER LIMITED (REGISTERED NUMBER: 04733256)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 AUGUST 2023

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2022 64,230 31,723 95,953
Additions 23,227 - 23,227
At 31 August 2023 87,457 31,723 119,180
DEPRECIATION
At 1 September 2022 47,568 24,428 71,996
Charge for year 4,166 1,824 5,990
At 31 August 2023 51,734 26,252 77,986
NET BOOK VALUE
At 31 August 2023 35,723 5,471 41,194
At 31 August 2022 16,662 7,295 23,957

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 12,482 8,657
Other debtors 200,937 96,173
213,419 104,830

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 23,753 24,439
Trade creditors 33,840 8,019
Taxation and social security 28,249 37,855
Other creditors 126,789 9,772
212,631 80,085

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 35,218 39,923

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,823 21,955

8. PROVISIONS FOR LIABILITIES
2023
£   
Deferred tax 6,971

JON CHRISTOPHER LIMITED (REGISTERED NUMBER: 04733256)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 AUGUST 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 September 2022 (395 )
Provided during year 7,366
Balance at 31 August 2023 6,971

9. RELATED PARTY DISCLOSURES

Included in the other debtors due within one year is an amount of £154,613 (2022: £52,932) due from companies with common control.The amount remains interest free and recoverable on demand.

Included in the other debtors due within one year is an amount of £18,000 (2022: £Nil)l due from the shareholders of the company. The amount remains interest free and recoverable on demand.

Included in the other creditors due within one year is an amount of £114,892 (2022: £15,420 due from) due to company with common directorship and shareholding .The amount remains interest free and repayable on demand.