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COMPANY REGISTRATION NUMBER: 07082256
JAND CHOICE HOLDINGS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 October 2023
JAND CHOICE HOLDINGS LIMITED
STATEMENT OF FINANCIAL POSITION
31 October 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Investments
4
100
100
CURRENT ASSETS
Debtors
5
30,488
38,488
Cash at bank and in hand
71
358
--------
--------
30,559
38,846
CREDITORS: amounts falling due within one year
6
11,234
10,000
--------
--------
NET CURRENT ASSETS
19,325
28,846
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
19,425
28,946
CREDITORS: amounts falling due after more than one year
7
20,833
28,333
--------
--------
NET (LIABILITIES)/ASSETS
( 1,408)
613
--------
--------
CAPITAL AND RESERVES
Called up share capital fully paid
100
100
Profit and loss account
( 1,508)
513
-------
----
SHAREHOLDERS (DEFICIT)/FUNDS
( 1,408)
613
-------
----
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 October 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 .
JAND CHOICE HOLDINGS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 October 2023
These financial statements were approved by the board of directors and authorised for issue on 20 October 2024 , and are signed on behalf of the board by:
Mr D G Morel
Director
Company registration number: 07082256
JAND CHOICE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 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 Headlands House 1 Kings Court, Kettering Parkway, Kettering, Northamptonshire, NN15 6WJ.
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.
Going concern
The company currently meets its daily working capital requirements through banking facilities and financial support from the directors and group undertakings. On this basis, the directors consider it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additional finance that may prove necessary.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
4. INVESTMENTS
Shares in group undertakings
£
Cost
At 1 November 2022 and 31 October 2023
100
----
Impairment
At 1 November 2022 and 31 October 2023
----
Carrying amount
At 31 October 2023
100
----
At 31 October 2022
100
----
The company owns 100% of the issued share capital of 1st Choice Stock Limited.
1st Choice Stock Limited is a wholesaler and retailer of household furniture, incorporated in England and Wales.
5. DEBTORS
2023
2022
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
30,488
38,488
--------
--------
6. CREDITORS: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
10,000
10,000
Other creditors
1,234
--------
--------
11,234
10,000
--------
--------
7. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
20,833
28,333
--------
--------
8. GOING-CONCERN
The directors have considered the period to 31 October 2025 when assessing the company's ability to continue as a going concern. It is believed that the company will either be able to satisfy its liabilities as these become payable, or alternatively will be sold as a going concern.