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Company No: 08275382 (England and Wales)

JON HOLT ASSOCIATES LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

JON HOLT ASSOCIATES LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

JON HOLT ASSOCIATES LIMITED

BALANCE SHEET

As at 31 December 2023
JON HOLT ASSOCIATES LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 10,747 50,637
10,747 50,637
Current assets
Debtors 4 126,147 123,825
Cash at bank and in hand 72,213 80,367
198,360 204,192
Creditors: amounts falling due within one year 5 ( 163,821) ( 186,005)
Net current assets 34,539 18,187
Total assets less current liabilities 45,286 68,824
Creditors: amounts falling due after more than one year 6 ( 26,093) ( 49,750)
Provision for liabilities ( 2,940) ( 8,054)
Net assets 16,253 11,020
Capital and reserves
Called-up share capital 100 100
Profit and loss account 16,153 10,920
Total shareholder's funds 16,253 11,020

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Jon Holt Associates Limited (registered number: 08275382) were approved and authorised for issue by the Board of Directors on 27 August 2024. They were signed on its behalf by:

J Holt
Director
JON HOLT ASSOCIATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
JON HOLT ASSOCIATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Jon Holt Associates Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 3

3. Tangible assets

Land and buildings Plant and machinery Vehicles Office equipment Total
£ £ £ £ £
Cost
At 01 January 2023 8,245 1,387 44,417 19,017 73,066
Additions 0 0 0 476 476
Disposals 0 0 ( 44,417) 0 ( 44,417)
At 31 December 2023 8,245 1,387 0 19,493 29,125
Accumulated depreciation
At 01 January 2023 0 1,314 8,328 12,787 22,429
Charge for the financial year 0 18 8,270 4,259 12,547
Disposals 0 0 ( 16,598) 0 ( 16,598)
At 31 December 2023 0 1,332 0 17,046 18,378
Net book value
At 31 December 2023 8,245 55 0 2,447 10,747
At 31 December 2022 8,245 73 36,089 6,230 50,637

4. Debtors

2023 2022
£ £
Trade debtors 35,012 29,227
Amounts owed by Group undertakings 0 3,847
Other debtors 91,135 90,751
126,147 123,825

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 5,040 5,040
Trade creditors 1,710 0
Amounts owed to Group undertakings 35,000 0
Taxation and social security 49,865 39,095
Obligations under finance leases and hire purchase contracts 0 7,824
Other creditors 72,206 134,046
163,821 186,005

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 26,093 31,493
Obligations under finance leases and hire purchase contracts 0 18,257
26,093 49,750

7. Ultimate controlling party

Parent Company:

Thunderholt Holdings Ltd