Jetsudden Limited 2253412 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is property development. Digita Accounts Production Advanced 6.30.9574.0 true false true true 2253412 2023-04-01 2024-03-31 2253412 2024-03-31 2253412 bus:OrdinaryShareClass1 2024-03-31 2253412 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 2253412 bus:SmallEntities 2023-04-01 2024-03-31 2253412 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 2253412 bus:FilletedAccounts 2023-04-01 2024-03-31 2253412 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 2253412 bus:RegisteredOffice 2023-04-01 2024-03-31 2253412 bus:Director1 2023-04-01 2024-03-31 2253412 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 2253412 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 2253412 core:Subsidiary1 2023-04-01 2024-03-31 2253412 core:Subsidiary1 1 2023-04-01 2024-03-31 2253412 core:Subsidiary1 countries:England 2023-04-01 2024-03-31 2253412 countries:England 2023-04-01 2024-03-31 2253412 core:CostValuation 2023-03-31 2253412 2022-04-01 2023-03-31 2253412 2023-03-31 2253412 bus:OrdinaryShareClass1 2023-03-31 2253412 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 2253412 core:Subsidiary1 1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 2253412

Jetsudden Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Jetsudden Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Jetsudden Limited

Company Information

Director

William Denis Blewett

Registered office

Wellway
Menwidden
Ludgvan
Penzance
TR20 8BN

 

Jetsudden Limited

(Registration number: 2253412)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

270,000

270,000

Creditors: Amounts falling due within one year

5

(16,518)

(15,485)

Net assets

 

253,482

254,515

Capital and reserves

 

Called up share capital

6

1,000

1,000

Retained earnings

252,482

253,515

Shareholders' funds

 

253,482

254,515

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.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 November 2024
 

.........................................
William Denis Blewett
Director

 

Jetsudden Limited

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.

The address of its registered office is:
Wellway
Menwidden
Ludgvan
Penzance
TR20 8BN

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 399(2A) of the Companies Act 2006 and has not prepared group accounts.

Going concern

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

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Jetsudden Limited

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

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.

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.

Financial instruments

Classification
Financial assets are classified into either basic or other financial assets. Financial liabilities are classified into either basic or other financial liabilities. These classifications depend on certain criteria determined at the time of recognition.

The company holds only basic financial instruments.

 Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financing transaction, where the transaction is initially measured at the present value of the future receipts discounted at a market rate of interest and subsequently held at amortised cost.

Basic financial liabilities, including trade and other payables are initially measured at transaction price, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. They are subsequently measured at amortised cost using the effective interest method, with interest expense recognised on an effective yield basis.

The effective interest method is a method of calculating the amortised cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate discounts estimated future cash payments through the expected life of the financial liability to the net carrying amount on initial recognition.

 Impairment
Basic financial assets are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in profit or loss.

 

Jetsudden Limited

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

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Investments

2024
£

2023
£

Investments in subsidiaries

270,000

270,000

Subsidiaries

£

Cost or valuation

At 1 April 2023

270,000

Carrying amount

At 31 March 2024

270,000

At 31 March 2023

270,000

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Jetsudden Renewables Trading Limited

6th Floor
338 Euston Road
London
NW1 3BG

England

Ordinary

100%

100%

Subsidiary undertakings

Jetsudden Renewables Trading Limited

The principal activity of Jetsudden Renewables Trading Limited is the participation in operating partnerships. Its financial period end is 30 September.

 

Jetsudden Limited

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

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

900

876

Other creditors

15,618

14,609

16,518

15,485

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

1,000

1,000

1,000

1,000