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REGISTERED NUMBER: 05700442 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

JONATHAN INVESTMENTS LTD

JONATHAN INVESTMENTS LTD (REGISTERED NUMBER: 05700442)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JONATHAN INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: J C G Turpin
Mrs L R Turpin





REGISTERED OFFICE: Windover House
St. Ann Street
Salisbury
SP1 2DR





REGISTERED NUMBER: 05700442 (England and Wales)





ACCOUNTANTS: Fawcetts LLP
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SP1 2DR

JONATHAN INVESTMENTS LTD (REGISTERED NUMBER: 05700442)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 96,712 97,282
Investments 5 198,303 152,357
295,015 249,639

CURRENT ASSETS
Stocks 120,000 -
Debtors 6 52,769 10,853
Cash at bank 7,255 93,984
180,024 104,837
CREDITORS
Amounts falling due within one year 7 69,720 31,326
NET CURRENT ASSETS 110,304 73,511
TOTAL ASSETS LESS CURRENT LIABILITIES 405,319 323,150

CREDITORS
Amounts falling due after more than one
year

8

31,406

37,214
NET ASSETS 373,913 285,936

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 373,813 285,836
SHAREHOLDERS' FUNDS 373,913 285,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

JONATHAN INVESTMENTS LTD (REGISTERED NUMBER: 05700442)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by:





J C G Turpin - Director


JONATHAN INVESTMENTS LTD (REGISTERED NUMBER: 05700442)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Jonathan Investments Ltd 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 as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis and are presented in Sterling (£) which is the functional currency of the company.

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

Preparation of consolidated financial statements
The financial statements contain information about Jonathan Investments Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Fixtures and fittings - 25% on reducing balance

Land and buildings consists of land which is not depreciated.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


JONATHAN INVESTMENTS LTD (REGISTERED NUMBER: 05700442)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued
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.

Debtors
Debtors are measured at their recoverable amount.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discount due.

Fixed asset investments
Fixed asset investments are initially accounted for at cost and reviewed annually for impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 95,000 17,985 112,985
DEPRECIATION
At 1 March 2023 - 15,703 15,703
Charge for year - 570 570
At 29 February 2024 - 16,273 16,273
NET BOOK VALUE
At 29 February 2024 95,000 1,712 96,712
At 28 February 2023 95,000 2,282 97,282

JONATHAN INVESTMENTS LTD (REGISTERED NUMBER: 05700442)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


5. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Participating interests 135,103 89,157
Other investments not loans 63,200 63,200
198,303 152,357

Additional information is as follows:
Interest
in other
participating
interests
£   
COST OR VALUATION
At 1 March 2023 89,157
Additions 45,946
At 29 February 2024 135,103
NET BOOK VALUE
At 29 February 2024 135,103
At 28 February 2023 89,157

Cost or valuation at 29 February 2024 is represented by:

Interest
in other
participating
interests
£   
Valuation in 2021 (1,187 )
Cost 136,290
135,103

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Other investment 63,200 63,200

JONATHAN INVESTMENTS LTD (REGISTERED NUMBER: 05700442)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,833 10,853
Other debtors 45,936 -
52,769 10,853

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,830 5,830
Taxation and social security - 6,743
Other creditors 63,890 18,753
69,720 31,326

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 31,406 37,214

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,087 13,895

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
51 Ordinary A £1 51 51
25 Ordinary B £1 25 25
24 Ordinary C £1 24 24
100 100

JONATHAN INVESTMENTS LTD (REGISTERED NUMBER: 05700442)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
J C G Turpin
Balance outstanding at start of year - 20,175
Amounts advanced 32,268 -
Amounts repaid - (20,175 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,268 -

11. RELATED PARTY DISCLOSURES

The company has significant investments in Farnham (T) Hairdressing Ltd, Maidenhead (T) Hairdressing Ltd, Exeter (T) Hairdressing Ltd and Winchester Hairdressing Ltd. J C G Turpin is also a director of Farnham (T) Hairdressing Ltd, Exeter (T) Hairdressing Ltd and Winchester Hairdressing Ltd.

During the year, the company received net dividend income totalling £125,200 (2023 - £42,000) and £2,400 (2023 - £2,400) in consultancy fees from Farnham (T) Hairdressing Ltd. At the balance sheet date, the company was owed £3,500 (2023 - £7,520). Included within creditors is an amount owed to Farnham (T) Hairdressing Ltd. The balance owed to the company at the year end was £45,946 (2023 - £Nil).

During the year, the company received net dividend income totalling £582 (2023 - £Nil) and £2,400 (2023 - £2,400) in consultancy fees from Maidenhead (T) Hairdressing Ltd. At the balance sheet date, the company was owed £Nil (2023 - £Nil).

During the year, the company received consultancy fees totalling £40,000 (2023 - £40,000) from Exeter (T) Hairdressing Ltd. At the balance sheet date, the company was owed £Nil (2023 - £Nil).

During the year, the company received net dividend income totalling £25,500 (2023 - £51,000) and consultancy fees totalling £40,000 (2023 - £40,000) from Winchester Hairdressing Ltd. At the balance sheet date, the company was owed £3,333 (2023 - £3,333). Included within creditors is an amount owed to Winchester Hairdressing Ltd. The balance owed to the company at the year end was £11,644 (2023 - £11,644).

Creditors due within one year include £Nil (2023 - £378) which is owed to the directors of the company.