REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
23 JANUARY 2023 TO 30 APRIL 2024 |
FOR |
THE JORJA EMERSON CENTRE LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
23 JANUARY 2023 TO 30 APRIL 2024 |
FOR |
THE JORJA EMERSON CENTRE LTD |
THE JORJA EMERSON CENTRE LTD (REGISTERED NUMBER: 14610457) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 23 JANUARY 2023 TO 30 APRIL 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
THE JORJA EMERSON CENTRE LTD |
COMPANY INFORMATION |
FOR THE PERIOD 23 JANUARY 2023 TO 30 APRIL 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Unit 2.02 High Weald House |
Glovers End |
Bexhill |
East Sussex |
TN39 5ES |
THE JORJA EMERSON CENTRE LTD (REGISTERED NUMBER: 14610457) |
BALANCE SHEET |
30 APRIL 2024 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings | ( |
) |
SHAREHOLDERS' DEFICIT | ( |
) |
The directors acknowledge their 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. |
THE JORJA EMERSON CENTRE LTD (REGISTERED NUMBER: 14610457) |
BALANCE SHEET - continued |
30 APRIL 2024 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
THE JORJA EMERSON CENTRE LTD (REGISTERED NUMBER: 14610457) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 23 JANUARY 2023 TO 30 APRIL 2024 |
1. | STATUTORY INFORMATION |
The Jorja Emerson Centre Ltd is a |
2. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
SIGNIFICANT JUDGEMENTS AND ESTIMATES |
In preparing the financial statements, the directors are required to make estimates and judgments about the carrying amounts of assets and liabilities. The estimates and assumptions are reviewed on an ongoing basis and are based on historical experience and other factors that are considered by the directors to be relevant. Revision to accounting estimates are recognised in the period in which the estimate is revised. |
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 |
Computer equipment | - |
FINANCIAL INSTRUMENTS |
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. |
Financial instruments are recognized in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. |
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognized amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously |
TAXATION |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement. |
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. |
THE JORJA EMERSON CENTRE LTD (REGISTERED NUMBER: 14610457) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 23 JANUARY 2023 TO 30 APRIL 2024 |
2. | ACCOUNTING POLICIES - continued |
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 period 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. |
GOING CONCERN |
The directors believe that notwithstanding current year losses of £1,010,757, the company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support from the directors and investors will be adequate to meet the company's needs for a period of at least 12 months from the date of approval of these financial statements. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
Cost |
Additions |
At 30 April 2024 |
Depreciation |
Charge for period |
At 30 April 2024 |
Net book value |
At 30 April 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Other debtors |
THE JORJA EMERSON CENTRE LTD (REGISTERED NUMBER: 14610457) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 23 JANUARY 2023 TO 30 APRIL 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Social security |
Trade creditors |
Amounts owed to group undertakings |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | 0.01 | 1,780 |
8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances to a director subsisted during the period ended 30 April 2024: |
£ |
Balance outstanding at start of period |
Amounts advanced |
Amounts repaid |
Amounts written off | - |
Amounts waived | - |
Balance outstanding at end of period |
9. | POST BALANCE SHEET EVENTS |
Subsequent to the reporting date but before the approval of these financial statements, there has been a significant change in the board of Directors. |
Simon John Checkley has resigned on 01 May 2024. |
Daniel Alexander Smith has resigned on 01 Aug 2024. |
Liam Paul Mcgreevy has resigned on 15 Aug 2024. |
This change occurred after the balance sheet date but is deemed to be a non-adjusting event. The impact of this change on the financial position and results of operations is not reflected in these financial statements. |