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REGISTERED NUMBER: 06779749 (England and Wales)





























Unaudited Financial Statements for the Year Ended 31 March 2024

for

Jason Kenny Limited

Jason Kenny Limited (Registered number: 06779749)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jason Kenny Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr Jason Francis Kenny OBE



REGISTERED OFFICE: Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



REGISTERED NUMBER: 06779749 (England and Wales)



ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



BANKERS: Santander
93 Fishergate
Preston
PR1 2NJ

Jason Kenny Limited (Registered number: 06779749)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 44,832 88,904
Investment property 5 216,078 171,288
260,910 260,192

CURRENT ASSETS
Debtors 6 2,066 2,050
Cash at bank 35,192 22,262
37,258 24,312
CREDITORS
Amounts falling due within one year 7 (48,727 ) (66,353 )
NET CURRENT LIABILITIES (11,469 ) (42,041 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

249,441

218,151

PROVISIONS FOR LIABILITIES 8 (4,839 ) (5,427 )
NET ASSETS 244,602 212,724

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 244,502 212,624
SHAREHOLDERS' FUNDS 244,602 212,724

Jason Kenny Limited (Registered number: 06779749)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 29 July 2024 and were signed by:





Mr Jason Francis Kenny OBE - Director


Jason Kenny Limited (Registered number: 06779749)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Jason Kenny 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.

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.
Freehold property - 2% on cost
Plant and machinery - 25% on cost
Training equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Taxation
Taxation for the year 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Jason Kenny Limited (Registered number: 06779749)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and Training
property machinery equipment
£    £    £   
COST
At 1 April 2023 44,790 2,566 5,064
Reclassification/transfer (44,790 ) - -
At 31 March 2024 - 2,566 5,064
DEPRECIATION
At 1 April 2023 8,063 2,566 3,789
Charge for year - - 319
Charge written back (8,063 ) - -
At 31 March 2024 - 2,566 4,108
NET BOOK VALUE
At 31 March 2024 - - 956
At 31 March 2023 36,727 - 1,275

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 62,824 1,166 116,410
Reclassification/transfer - - (44,790 )
At 31 March 2024 62,824 1,166 71,620
DEPRECIATION
At 1 April 2023 11,922 1,166 27,506
Charge for year 7,026 - 7,345
Charge written back - - (8,063 )
At 31 March 2024 18,948 1,166 26,788
NET BOOK VALUE
At 31 March 2024 43,876 - 44,832
At 31 March 2023 50,902 - 88,904

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 171,288
Reclassification/transfer 44,790
At 31 March 2024 216,078
NET BOOK VALUE
At 31 March 2024 216,078
At 31 March 2023 171,288

Jason Kenny Limited (Registered number: 06779749)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 2,066 2,050

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 34,274 34,274
Tax 8,050 3,213
Social security and other taxes 767 646
VAT 3,902 5,588
Directors' current accounts 579 21,482
Accrued expenses 1,155 1,150
48,727 66,353

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,839 5,427

Deferred
tax
£   
Balance at 1 April 2023 5,427
Provided during year (588 )
Balance at 31 March 2024 4,839

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100