IRIS Accounts Production v24.3.0.553 04407956 director 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044079562023-03-31044079562024-03-31044079562023-04-012024-03-31044079562022-03-31044079562022-04-012023-03-31044079562023-03-3104407956ns15:EnglandWales2023-04-012024-03-3104407956ns14:PoundSterling2023-04-012024-03-3104407956ns10:Director12023-04-012024-03-3104407956ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104407956ns10:SmallEntities2023-04-012024-03-3104407956ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104407956ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104407956ns10:FullAccounts2023-04-012024-03-3104407956ns10:OrdinaryShareClass12023-04-012024-03-3104407956ns10:RegisteredOffice2023-04-012024-03-3104407956ns5:CurrentFinancialInstruments2024-03-3104407956ns5:CurrentFinancialInstruments2023-03-3104407956ns5:Non-currentFinancialInstruments2024-03-3104407956ns5:Non-currentFinancialInstruments2023-03-3104407956ns5:ShareCapital2024-03-3104407956ns5:ShareCapital2023-03-3104407956ns5:RetainedEarningsAccumulatedLosses2024-03-3104407956ns5:RetainedEarningsAccumulatedLosses2023-03-3104407956ns5:LeaseholdImprovements2023-04-012024-03-3104407956ns5:FurnitureFittings2023-04-012024-03-3104407956ns5:ComputerEquipment2023-04-012024-03-3104407956ns5:LeaseholdImprovements2023-03-3104407956ns5:FurnitureFittings2023-03-3104407956ns5:MotorVehicles2023-03-3104407956ns5:ComputerEquipment2023-03-3104407956ns5:MotorVehicles2023-04-012024-03-3104407956ns5:LeaseholdImprovements2024-03-3104407956ns5:FurnitureFittings2024-03-3104407956ns5:MotorVehicles2024-03-3104407956ns5:ComputerEquipment2024-03-3104407956ns5:LeaseholdImprovements2023-03-3104407956ns5:FurnitureFittings2023-03-3104407956ns5:MotorVehicles2023-03-3104407956ns5:ComputerEquipment2023-03-3104407956ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3104407956ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104407956ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-03-3104407956ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3104407956ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3104407956ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3104407956ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-03-3104407956ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-3104407956ns5:DeferredTaxation2023-03-3104407956ns5:DeferredTaxation2023-04-012024-03-3104407956ns5:DeferredTaxation2024-03-3104407956ns10:OrdinaryShareClass12024-03-3104407956ns5:RetainedEarningsAccumulatedLosses2023-03-3104407956ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 04407956 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

JMW BARNARD MANAGEMENT LIMITED

JMW BARNARD MANAGEMENT LIMITED (REGISTERED NUMBER: 04407956)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JMW BARNARD MANAGEMENT LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: C Ogden-Newton





REGISTERED OFFICE: 2 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 04407956 (England and Wales)





ACCOUNTANTS: Barber & Company
A trading name of PCM Accounting Limited
2 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

JMW BARNARD MANAGEMENT LIMITED (REGISTERED NUMBER: 04407956)

Statement of Financial Position
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 89,913 159,740

CURRENT ASSETS
Debtors 5 522,876 553,366
Cash at bank and in hand 332,783 161,082
855,659 714,448
CREDITORS
Amounts falling due within one year 6 478,838 438,131
NET CURRENT ASSETS 376,821 276,317
TOTAL ASSETS LESS CURRENT
LIABILITIES

466,734

436,057

CREDITORS
Amounts falling due after more than one
year

7

(357,001

)

(236,974

)

PROVISIONS FOR LIABILITIES 8 (22,195 ) (30,282 )
NET ASSETS 87,538 168,801

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 87,438 168,701
SHAREHOLDERS' FUNDS 87,538 168,801

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 director acknowledges his 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.

JMW BARNARD MANAGEMENT LIMITED (REGISTERED NUMBER: 04407956)

Statement of Financial Position - 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2024 and were signed by:





C Ogden-Newton - Director


JMW BARNARD MANAGEMENT LIMITED (REGISTERED NUMBER: 04407956)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

JMW Barnard Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared in accordance with applicable accounting standards. The particular accounting policies adopted are described below.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 18 ) .

JMW BARNARD MANAGEMENT LIMITED (REGISTERED NUMBER: 04407956)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 52,210 156,328 57,000 115,276 380,814
Additions - 296 - 1,134 1,430
Disposals - - (57,000 ) - (57,000 )
At 31 March 2024 52,210 156,624 - 116,410 325,244
DEPRECIATION
At 1 April 2023 26,105 101,098 4,750 89,121 221,074
Charge for year 5,221 8,328 3,266 5,458 22,273
Eliminated on disposal - - (8,016 ) - (8,016 )
At 31 March 2024 31,326 109,426 - 94,579 235,331
NET BOOK VALUE
At 31 March 2024 20,884 47,198 - 21,831 89,913
At 31 March 2023 26,105 55,230 52,250 26,155 159,740

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 70,419 84,336
Amounts owed by group undertakings 400,000 400,000
Other debtors - 11,564
Prepayments and accrued income 52,457 57,466
522,876 553,366

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 125,653 116,197
Trade creditors 17,039 14,164
Corporation tax 53,114 49,015
Social security and other taxes 102,058 97,160
Net wages 301 -
Accruals and deferred income 180,673 161,595
478,838 438,131

JMW BARNARD MANAGEMENT LIMITED (REGISTERED NUMBER: 04407956)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 128,613 103,697
Bank loans - 2-5 years 172,423 133,277
Bank loans more 5 yr by instal 55,965 -
357,001 236,974

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 55,965 -

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax provision 22,195 30,282

Deferred
tax
£   
Balance at 1 April 2023 30,282
Provided during year (8,087 )
Balance at 31 March 2024 22,195

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary shares £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 April 2023 168,701
Profit for the year 128,237
Dividends (209,500 )
At 31 March 2024 87,438

11. RELATED PARTY DISCLOSURES

During the year under review, the company's director, Mr C Ogden-Newton was paid a licence fee for offices amounting to £10,000.

JMW BARNARD MANAGEMENT LIMITED (REGISTERED NUMBER: 04407956)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

12. ULTIMATE CONTROLLING PARTY

The controlling party is JMW Barnard Management (Holdings)Limited.

The ultimate controlling parties are the equity shareholders of JMW Barnard Management (Holdings) Limited.