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COMPANY REGISTRATION NUMBER: 06452707
JSM Asset Management Limited
Filleted Unaudited Financial Statements
For the year ended
31 December 2023
JSM Asset Management Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
£
Fixed assets
Investments
5
50
50
Current assets
Debtors: due within one year
6
79
Debtors: due after more than one year
6
469,760
423,256
---------
---------
469,839
423,256
Creditors: amounts falling due within one year
7
13,628
8,899
---------
---------
Net current assets
456,211
414,357
---------
---------
Total assets less current liabilities
456,261
414,407
---------
---------
Net assets
456,261
414,407
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
456,161
414,307
---------
---------
Shareholder funds
456,261
414,407
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
JSM Asset Management Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 20 September 2024 , and are signed on behalf of the board by:
Mr J S Martin
Director
Company registration number: 06452707
JSM Asset Management Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Tall Trees, Heath Lane, Fakenham, Norfolk, NR21 8LN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Investment income
Investment income comprises dividends and is accounted for on a receivable basis.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
4. Employee numbers
The average number of persons employed by the company during the year amounted to nil (2022: nil).
5. Investments
Shares in participating interests
£
Cost
At 1 January 2023 and 31 December 2023
50
----
Impairment
At 1 January 2023 and 31 December 2023
----
Carrying amount
At 31 December 2023
50
----
At 31 December 2022
50
----
6. Debtors
Debtors falling due within one year are as follows:
2023
2022
£
£
Other debtors
79
----
----
Debtors falling due after one year are as follows:
2023
2022
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
245,007
246,507
Other debtors
224,753
176,749
---------
---------
469,760
423,256
---------
---------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Social security and other taxes
12,103
7,434
Other creditors
1,525
1,465
--------
-------
13,628
8,899
--------
-------
8. Director's advances, credits and guarantees
During the year the company continued to make advances to the director as detailed below. Interest, charged at the prevailing HMRC official rate, was charged on overdrawn balances on a daily basis. There are no set repayment terms.
2023 2022
£ £
Advances 94,850 36,994
Repayments 58,899 14,834
Balance due to the company 169,061 133,110