Nichola Jones Limited 07591662 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Rental from investment property Digita Accounts Production Advanced 6.30.9574.0 true true 07591662 2023-04-01 2024-03-31 07591662 2024-03-31 07591662 bus:OrdinaryShareClass1 2024-03-31 07591662 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 07591662 core:FurnitureFittingsToolsEquipment 2024-03-31 07591662 bus:SmallEntities 2023-04-01 2024-03-31 07591662 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07591662 bus:FilletedAccounts 2023-04-01 2024-03-31 07591662 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07591662 bus:RegisteredOffice 2023-04-01 2024-03-31 07591662 bus:CompanySecretaryDirector2 2023-04-01 2024-03-31 07591662 bus:Director1 2023-04-01 2024-03-31 07591662 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 07591662 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07591662 core:FurnitureFittings 2023-04-01 2024-03-31 07591662 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 07591662 core:OfficeEquipment 2023-04-01 2024-03-31 07591662 countries:EnglandWales 2023-04-01 2024-03-31 07591662 2023-03-31 07591662 core:FurnitureFittingsToolsEquipment 2023-03-31 07591662 2022-04-01 2023-03-31 07591662 2023-03-31 07591662 bus:OrdinaryShareClass1 2023-03-31 07591662 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 07591662 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07591662

Nichola Jones Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Nichola Jones Limited
(Registration number: 07591662)

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Nichola Jones Limited
(Registration number: 07591662)

Company Information

Directors

Mrs Nichola Jones

Mr Ian Jones

Company secretary

Mr Ian Jones

Registered office

29 The Avenue
March
Cambridgeshire
PE15 9PS

Registered number

07591662

 

Nichola Jones Limited
(Registration number: 07591662)

Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed Assets

 

Tangible Assets

4

129

193

Investment property

5

210,000

157,894

 

210,129

158,087

Current assets

 

Cash at bank and in hand

 

6,867

22,638

Creditors: Amounts falling due within one year

6

(92,721)

(109,884)

Net current liabilities

 

(85,854)

(87,246)

Net assets

 

124,275

70,841

Capital and Reserves

 

Called up share capital

7

100

100

Revaluation reserve

52,107

-

Retained Earnings

72,068

70,741

Shareholders' funds

 

124,275

70,841

 

Nichola Jones Limited
(Registration number: 07591662)

Balance Sheet as at 31 March 2024

For the financial year ending 31 March 2024 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 5 November 2024 and signed on its behalf by:
 

.........................................
Mrs Nichola Jones
Director

 

Nichola Jones Limited
(Registration number: 07591662)

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
29 The Avenue
March
Cambridgeshire
PE15 9PS

These financial statements were authorised for issue by the Board on 5 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Nichola Jones Limited
(Registration number: 07591662)

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

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% reducing balance

Office equipment

25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Nichola Jones Limited
(Registration number: 07591662)

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible Assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

3,312

3,312

At 31 March 2024

3,312

3,312

Depreciation

At 1 April 2023

3,119

3,119

Charge for the year

64

64

At 31 March 2024

3,183

3,183

Carrying amount

At 31 March 2024

129

129

At 31 March 2023

193

193

 

Nichola Jones Limited
(Registration number: 07591662)

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

5

Investment properties

2024
£

At 1 April

157,894

Fair value adjustments

52,106

At 31 March

210,000

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

796

994

Accruals and deferred income

810

780

Other creditors

91,115

108,110

92,721

109,884

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100