JHML Limited 08739363 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is ownership and management of furnished holiday lets. Digita Accounts Production Advanced 6.30.9574.0 true true 08739363 2023-01-01 2023-12-31 08739363 2023-12-31 08739363 core:RetainedEarningsAccumulatedLosses 2023-12-31 08739363 core:ShareCapital 2023-12-31 08739363 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2023-12-31 08739363 core:CurrentFinancialInstruments 2023-12-31 08739363 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 08739363 core:FurnitureFittingsToolsEquipment 2023-12-31 08739363 bus:SmallEntities 2023-01-01 2023-12-31 08739363 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08739363 bus:FilletedAccounts 2023-01-01 2023-12-31 08739363 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08739363 bus:RegisteredOffice 2023-01-01 2023-12-31 08739363 bus:Director1 2023-01-01 2023-12-31 08739363 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08739363 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 08739363 countries:EnglandWales 2023-01-01 2023-12-31 08739363 2022-12-31 08739363 core:FurnitureFittingsToolsEquipment 2022-12-31 08739363 2022-01-01 2022-12-31 08739363 2022-12-31 08739363 core:RetainedEarningsAccumulatedLosses 2022-12-31 08739363 core:ShareCapital 2022-12-31 08739363 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2022-12-31 08739363 core:CurrentFinancialInstruments 2022-12-31 08739363 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 08739363 core:FurnitureFittingsToolsEquipment 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 08739363

JHML Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

JHML Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

JHML Limited

(Registration number: 08739363)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

866

1,155

Investment property

5

304,170

304,170

Other financial assets

6

2

2

 

305,038

305,327

Current assets

 

Debtors

7

180

10,100

Cash at bank and in hand

 

127,189

240,040

 

127,369

250,140

Creditors: Amounts falling due within one year

8

(19,432)

(158,331)

Net current assets

 

107,937

91,809

Net assets

 

412,975

397,136

Capital and reserves

 

Called up share capital

100

100

Retained earnings

412,875

397,036

Shareholders' funds

 

412,975

397,136

 

JHML Limited

(Registration number: 08739363)
Balance Sheet as at 31 December 2023

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 September 2024 and signed on its behalf by:
 

.........................................
S Whalley
Director

 

JHML Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 4 Waterfall Trade Park
Stancliffe Street
Blackburn
Lancashire
BB2 2QR
England

These financial statements were authorised for issue by the Board on 12 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared in sterling (£) using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

JHML Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

JHML Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

JHML Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

7,135

7,135

At 31 December 2023

7,135

7,135

Depreciation

At 1 January 2023

5,980

5,980

Charge for the year

289

289

At 31 December 2023

6,269

6,269

Carrying amount

At 31 December 2023

866

866

At 31 December 2022

1,155

1,155

5

Investment properties

2023
£

At 1 January

304,170

At 31 December

304,170

Investment property valuations are determined in accordance with the stated accounting policy

6

Other financial assets (current and non-current)

2023
£

2022
£

Non-current financial assets

Financial assets at cost less impairment

2

2

7

Debtors

Current

2023
£

2022
£

Other debtors

180

10,100

 

180

10,100

 

JHML Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts due to related parties

1,250

1,250

Other payables

 

17,402

156,385

Accruals

 

780

696

 

19,432

158,331