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COMPANY REGISTRATION NUMBER: 3861025
Jaspar Management Ltd
Filleted Unaudited Financial Statements
31 December 2023
Jaspar Management Ltd
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
208,872
244,990
Current assets
Debtors
6
4,395,915
3,864,280
Cash at bank and in hand
572,741
260,777
------------
------------
4,968,656
4,125,057
Creditors: amounts falling due within one year
7
1,421,439
1,174,689
------------
------------
Net current assets
3,547,217
2,950,368
------------
------------
Total assets less current liabilities
3,756,089
3,195,358
Provisions
Taxation including deferred tax
33,481
39,372
------------
------------
Net assets
3,722,608
3,155,986
------------
------------
Capital and reserves
Called up share capital
2
2
Profit and loss account
3,722,606
3,155,984
------------
------------
Shareholders funds
3,722,608
3,155,986
------------
------------
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 comprehensive income 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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Jaspar Management Ltd
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 9 October 2024 , and are signed on behalf of the board by:
A Pankhania
Director
Company registration number: 3861025
Jaspar Management Ltd
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 173 Cleveland Street, London, W1T 6QR. The trading address of the company is Stanmore House, 15-19 Church Road, Stanmore, Middlesex, HA7 4AR.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Revenue recognition
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Land & Buildings
-
Depreciated over the period of the lease of ten years.
Fixtures, Fittings & Equipment
-
15% reducing balance
Motor Vehicles
-
25% reducing balance
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 20 (2022: 22 ).
5. Tangible assets
Land and buildings
Fixtures, fittings and equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2023
125,585
254,487
8,995
389,067
Additions
18,667
18,667
Disposals
( 18,001)
( 18,001)
---------
---------
-------
---------
At 31 December 2023
125,585
255,153
8,995
389,733
---------
---------
-------
---------
Depreciation
At 1 January 2023
38,083
102,059
3,935
144,077
Charge for the year
12,555
22,964
1,265
36,784
---------
---------
-------
---------
At 31 December 2023
50,638
125,023
5,200
180,861
---------
---------
-------
---------
Carrying amount
At 31 December 2023
74,947
130,130
3,795
208,872
---------
---------
-------
---------
At 31 December 2022
87,502
152,428
5,060
244,990
---------
---------
-------
---------
6. Debtors
2023
2022
£
£
Trade debtors
510,057
597,199
Other debtors
3,885,858
3,267,081
------------
------------
4,395,915
3,864,280
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
226,270
409,804
Corporation tax
182,749
149,909
Social security and other taxes
36,806
152,404
Other creditors
975,614
462,572
------------
------------
1,421,439
1,174,689
------------
------------
8. Leasing commitments
The company had annual total commitments under non-cancellable operating leases as detailed below:
2023
2022
£
£
Operating leases which expire:
Land and buildings:
Within one year
70,000
70,000
Within two to five years
280,000
210,000
After more than five years
67,315
130,000
Motor vehicles:
Within one year
4,988
4,988
Within two to five years
4,988
9. Related party transactions
At the balance sheet date, the company owed £ 2,410 (2022: £4,215) to R Pankhania a director of the company.