Registered number
04664722
Jonathan Malpass Limited
Filleted Accounts
29 February 2024
Jonathan Malpass Limited
Registered number: 04664722
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 14,390 17,041
Current assets
Debtors 4 19,571 26,381
Investments held as current assets 5 2,000 2,000
Cash at bank and in hand 685 16,449
22,256 44,830
Creditors: amounts falling due within one year 6 (17,349) (31,332)
Net current assets 4,907 13,498
Total assets less current liabilities 19,297 30,539
Creditors: amounts falling due after more than one year 7 (16,341) (17,962)
Provisions for liabilities (2,944) (2,944)
Net assets 12 9,633
Capital and reserves
Called up share capital 1 1
Profit and loss account 11 9,632
Shareholder's funds 12 9,633
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J. G. Malpass
Director
Approved by the board on 29 November 2024
Jonathan Malpass Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Freehold buildings over 10 years
Plant and machinery over 4 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 March 2023 6,041 62,605 68,646
Additions - 1,275 1,275
At 29 February 2024 6,041 63,880 69,921
Depreciation
At 1 March 2023 1,691 49,914 51,605
Charge for the year 435 3,491 3,926
At 29 February 2024 2,126 53,405 55,531
Net book value
At 29 February 2024 3,915 10,475 14,390
At 28 February 2023 4,350 12,691 17,041
4 Debtors 2024 2023
£ £
Trade debtors 3,786 26,381
Other debtors 15,785 -
19,571 26,381
5 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 2,000 2,000
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 5,739 10,224
Taxation and social security costs 11,349 20,126
Other creditors 261 982
17,349 31,332
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 16,341 17,962
8 Loans to directors
Description and conditions B/fwd Introduced Withdrawn C/fwd
£ £ £ £
J. G. Malpass
Amount due to the company at the balance sheet date (982) - 16,767 15,785
(982) - 16,767 15,785
9 Related party transactions
Dividends amounting to £12,200 were payable to the director.
10 Controlling party
The company is controlled by the director and member Jonathan Malpass.
11 Other information
Jonathan Malpass Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Accommodation Road
London
NW11 8ED
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