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REGISTERED NUMBER: 04566884 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

JONSEL MANAGEMENT LIMITED

JONSEL MANAGEMENT LIMITED (REGISTERED NUMBER: 04566884)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JONSEL MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: L W Jones





REGISTERED OFFICE: The Gwbert Hotel
Gwbert On Sea
Cardigan
Ceredigion
SA43 1PP





REGISTERED NUMBER: 04566884 (England and Wales)





ACCOUNTANTS: Great Nash Accountancy Services
31 Church View
Summerhill
Stepaside
Pembrokeshire
SA67 8LZ

JONSEL MANAGEMENT LIMITED (REGISTERED NUMBER: 04566884)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,565,467 1,570,959

CURRENT ASSETS
Stocks 16,388 13,800
Debtors 5 47,388 33,176
Cash at bank and in hand 7,603 38,565
71,379 85,541
CREDITORS
Amounts falling due within one year 6 1,039,728 1,030,486
NET CURRENT LIABILITIES (968,349 ) (944,945 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

597,118

626,014

CREDITORS
Amounts falling due after more than one
year

7

(346,883

)

(390,203

)

PROVISIONS FOR LIABILITIES (26,893 ) (27,108 )
NET ASSETS 223,342 208,703

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 223,338 208,699
SHAREHOLDERS' FUNDS 223,342 208,703

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

JONSEL MANAGEMENT LIMITED (REGISTERED NUMBER: 04566884)

BALANCE SHEET - continued
30 JUNE 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 director and authorised for issue on 22 January 2025 and were signed by:





L W Jones - Director


JONSEL MANAGEMENT LIMITED (REGISTERED NUMBER: 04566884)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Jonsel 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - at varying rates on cost
Plant and machinery etc - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 14 (2023 - 16 ) .

JONSEL MANAGEMENT LIMITED (REGISTERED NUMBER: 04566884)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 989,275 901,606 1,890,881
Additions - 23,423 23,423
At 30 June 2024 989,275 925,029 1,914,304
DEPRECIATION
At 1 July 2023 20,279 299,643 319,922
Charge for year 2,198 26,717 28,915
At 30 June 2024 22,477 326,360 348,837
NET BOOK VALUE
At 30 June 2024 966,798 598,669 1,565,467
At 30 June 2023 968,996 601,963 1,570,959

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 47,388 33,176

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 47,364 32,592
Trade creditors 30,284 34,252
Taxation and social security 24,632 21,321
Other creditors 937,448 942,321
1,039,728 1,030,486

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 346,883 390,203

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 214,217 259,835

JONSEL MANAGEMENT LIMITED (REGISTERED NUMBER: 04566884)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank overdrafts 13,909 -
Bank loans 380,338 422,795
394,247 422,795

HSBC Bank Plc hold a fixed and floating charge over the company's assets dated 23 October 2019 together with a fixed charge over the freehold of The Angel Hotel, St Mary Street, Cardigan dated 1 November 2019.

HSBC Bank Plc also hold a fixed charge over The Grosvenor, Bridge Street, Cardigan dated 1 November 2022.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
L W Jones
Balance outstanding at start of year 2,068 3,441
Amounts advanced 46,000 32,496
Amounts repaid (35,968 ) (33,869 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,100 2,068

10. RELATED PARTY DISCLOSURES

There was a total of £895,016 owed to entities with common control as at the Balance Sheet date (2023 £914,398) and £28,481 owed by entities with common control (2023 £15,475). Related party companies charged £30,099 for construction work done in the year (2023 £70,537) and £9,842 for laundry services (2023 £6,335).

11. ULTIMATE CONTROLLING PARTY

Mr L W Jones, Director, is the ultimate controlling party by virtue of his 100% shareholding in the issued share capital.