Jordan Mason and Associates Limited 08708615 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is residential estate sales and letting agents Digita Accounts Production Advanced 6.30.9574.0 true true 08708615 2023-10-01 2024-09-30 08708615 2024-09-30 08708615 core:RetainedEarningsAccumulatedLosses 2024-09-30 08708615 core:ShareCapital 2024-09-30 08708615 core:CurrentFinancialInstruments 2024-09-30 08708615 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 08708615 core:Non-currentFinancialInstruments 2024-09-30 08708615 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 08708615 core:FurnitureFittings 2024-09-30 08708615 bus:SmallEntities 2023-10-01 2024-09-30 08708615 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 08708615 bus:FilletedAccounts 2023-10-01 2024-09-30 08708615 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 08708615 bus:RegisteredOffice 2023-10-01 2024-09-30 08708615 bus:Director1 2023-10-01 2024-09-30 08708615 bus:Director2 2023-10-01 2024-09-30 08708615 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08708615 core:FurnitureFittings 2023-10-01 2024-09-30 08708615 core:KeyManagementPersonnel 2023-10-01 2024-09-30 08708615 countries:England 2023-10-01 2024-09-30 08708615 2023-09-30 08708615 core:FurnitureFittings 2023-09-30 08708615 2022-10-01 2023-09-30 08708615 2023-09-30 08708615 core:RetainedEarningsAccumulatedLosses 2023-09-30 08708615 core:ShareCapital 2023-09-30 08708615 core:CurrentFinancialInstruments 2023-09-30 08708615 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 08708615 core:Non-currentFinancialInstruments 2023-09-30 08708615 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 08708615 core:FurnitureFittings 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 08708615

Jordan Mason and Associates Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Jordan Mason and Associates Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

Jordan Mason and Associates Limited

Company Information

Directors

Mr J A Jordan

Mrs C Jordan

Registered office

4 St Thomas Square
Salisbury
Wiltshire
SP1 1BA

Accountants

Numeric Accounting
Chartered Certified Accountants
Suite 1 The Portway Centre
Old Sarum Park
Old Sarum
Salisbury
Wiltshire
SP4 6EB

 

Jordan Mason and Associates Limited

(Registration number: 08708615)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

319

425

Current assets

 

Debtors

5

192,661

162,425

Creditors: Amounts falling due within one year

6

(191,075)

(182,942)

Net current assets/(liabilities)

 

1,586

(20,517)

Total assets less current liabilities

 

1,905

(20,092)

Creditors: Amounts falling due after more than one year

6

(13,757)

(19,405)

Provisions for liabilities

(1,454)

(1,583)

Net liabilities

 

(13,306)

(41,080)

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

(13,307)

(41,081)

Shareholders' deficit

 

(13,306)

(41,080)

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 February 2025 and signed on its behalf by:
 

 

Jordan Mason and Associates Limited

(Registration number: 08708615)
Balance Sheet as at 30 September 2024 (continued)

.........................................
Mrs C Jordan
Director

 

Jordan Mason and Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
4 St Thomas Square
Salisbury
Wiltshire
SP1 1BA

These financial statements were authorised for issue by the Board on 19 February 2025.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The company has negative equity of -£13,307 (Prior year: -£41,081). The director believe that the company will be able to meet its financial obligations as they fall due and have guaranteed that they will continue to support the business for a period of 12 months from the date the accounts are authorised for issue. Therefore they see no reason to disapply the going concern basis.

 

Jordan Mason and Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Jordan Mason and Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

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.

 

Jordan Mason and Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 6).

 

Jordan Mason and Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 October 2023

1,786

1,786

At 30 September 2024

1,786

1,786

Depreciation

At 1 October 2023

1,361

1,361

Charge for the year

106

106

At 30 September 2024

1,467

1,467

Carrying amount

At 30 September 2024

319

319

At 30 September 2023

425

425

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

9

78,556

60,233

Prepayments

 

6,541

61

Other debtors

 

107,564

102,131

   

192,661

162,425

6

Creditors

Creditors: amounts falling due within one year

 

Jordan Mason and Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

6

Creditors (continued)

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

34,954

36,219

Taxation and social security

 

152,529

146,239

Other creditors

 

3,592

484

 

191,075

182,942

 

Jordan Mason and Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

6

Creditors (continued)

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

13,757

19,405

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

13,757

19,405

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,085

9,830

Bank overdrafts

24,869

26,389

34,954

36,219

9

Related party transactions

 

Jordan Mason and Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

9

Related party transactions (continued)

Loans to related parties

2024

Total
£

At start of period

102,131

Advanced

6,456

At end of period

108,587

Terms of loans to related parties

Included in debtors is a loan to the director Mr J Jordan, made on normal commercial terms with interest payable at 2% till Mar-23 and 2.5% after that and the loan is repayable on demand.