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REGISTERED NUMBER: 07209884 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Jonquil Partners Limited

Jonquil Partners Limited (Registered number: 07209884)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Jonquil Partners Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: G A Williams
Mrs T K Stiastny





REGISTERED OFFICE: 47 St Paul Street
London
N1 7DJ





REGISTERED NUMBER: 07209884 (England and Wales)






Jonquil Partners Limited (Registered number: 07209884)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 154 192
154 192

CURRENT ASSETS
Work-in-progress 1,100 1,540
Debtors 6 879 -
Cash at bank 81 3,261
2,060 4,801
CREDITORS
Amounts falling due within one year 7 3,349 3,606
NET CURRENT (LIABILITIES)/ASSETS (1,289 ) 1,195
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,135

)

1,387

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings (1,138 ) 1,384
SHAREHOLDERS' FUNDS (1,135 ) 1,387

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Jonquil Partners Limited (Registered number: 07209884)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2024 and were signed on its behalf by:





G A Williams - Director


Jonquil Partners Limited (Registered number: 07209884)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Jonquil Partners Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Amortisation & depreciation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Trade Marks - 20% straight line basis

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected economic life as follows:

Fixtures & Fittings - 20% reducing balance basis

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work-in-progress to their present location and condition.

Financial instruments
The Company recognises financial instruments inline with FRS102 Section 12. On acquisition a Financial Instrument is initially recognised at its fair value, which is taken to be the transaction price. At the reporting period end financial instruments are accounted for at fair value through the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

Jonquil Partners Limited (Registered number: 07209884)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 806
AMORTISATION
At 1 April 2023
and 31 March 2024 806
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 2,342
DEPRECIATION
At 1 April 2023 2,150
Charge for year 38
At 31 March 2024 2,188
NET BOOK VALUE
At 31 March 2024 154
At 31 March 2023 192

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 879 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 1,410 1,067
Other creditors 1,939 2,539
3,349 3,606

Jonquil Partners Limited (Registered number: 07209884)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. FINANCIAL INSTRUMENTS

The Company holds an option to acquire shares in The Modern House Ltd. This option was acquired in the year ending 31 March 2021. The Company considered the Fair Market Value of the option contract to be nil at the year ending 31 March 2024.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Jonquil Partners Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jonquil Partners Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Jonquil Partners Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Jonquil Partners Limited and state those matters that we have agreed to state to the Board of Directors of Jonquil Partners Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jonquil Partners Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Jonquil Partners Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jonquil Partners Limited. You consider that Jonquil Partners Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Jonquil Partners Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.








Date: .............................................