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REGISTERED NUMBER: 03585802 (England and Wales)



















JON HUNT ASSOCIATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






JON HUNT ASSOCIATES LIMITED (REGISTERED NUMBER: 03585802)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


JON HUNT ASSOCIATES LIMITED (REGISTERED NUMBER: 03585802)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,341 3,123
Investments 5 45,265 45,265
47,606 48,388

CURRENT ASSETS
Debtors 6 42,401 77,044
Investments 7 84,468 76,866
Cash at bank 10,080 6,732
136,949 160,642
CREDITORS
Amounts falling due within one year 8 27,098 29,803
NET CURRENT ASSETS 109,851 130,839
TOTAL ASSETS LESS CURRENT
LIABILITIES

157,457

179,227

CAPITAL AND RESERVES
Called up share capital 45,003 45,003
Retained earnings 112,454 134,224
SHAREHOLDERS' FUNDS 157,457 179,227

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.

JON HUNT ASSOCIATES LIMITED (REGISTERED NUMBER: 03585802)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 January 2025 and were signed by:





Mr J M Hunt - Director


JON HUNT ASSOCIATES LIMITED (REGISTERED NUMBER: 03585802)

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

1. STATUTORY INFORMATION

Jon Hunt Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03585802

Registered office: 71 Knowl Piece
Wilbury Way
Hitchin
SG4 0TY

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.

Going concern
The director has a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
Turnover is derived from the provision of computer consultancy services and is recognised upon delivery to the customer. Turnover is recorded at the fair value of the consideration received or receivable, and excludes value added tax and rebates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

JON HUNT ASSOCIATES LIMITED (REGISTERED NUMBER: 03585802)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised 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 year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Current assets investments
Investment assets are valued at the lower of cost and net realisable value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

JON HUNT ASSOCIATES LIMITED (REGISTERED NUMBER: 03585802)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 40,565 2,238 42,803
DEPRECIATION
At 1 July 2023 37,442 2,238 39,680
Charge for year 782 - 782
At 30 June 2024 38,224 2,238 40,462
NET BOOK VALUE
At 30 June 2024 2,341 - 2,341
At 30 June 2023 3,123 - 3,123

5. FIXED ASSET INVESTMENTS
Interest
in
Associates
£   
COST
At 1 July 2023
and 30 June 2024 45,265
NET BOOK VALUE
At 30 June 2024 45,265
At 30 June 2023 45,265

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,417 5,306
Other debtors 17,984 71,738
42,401 77,044

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Other 84,468 76,866

JON HUNT ASSOCIATES LIMITED (REGISTERED NUMBER: 03585802)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,335 -
Trade creditors 551 13,436
Taxation and social security 5,325 214
Other creditors 13,887 16,153
27,098 29,803

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £86,000 (2023 - £85,000) were paid to the director .

During the year, total dividends of £35,250 (2023 - £82,000) were paid to a close family member of the director.

At the balance sheet date, the director owed the company £17,984 (2023 - £71,012).

Trenchant Technologies Limited
A company in which Jon Hunt Associates Limited has a 40% shareholding.

Amounts owed to the associate at the balance sheet date: £11,313 (2023 - £11,313).

Streetworks Software Limited
A company in which Jon Hunt Associates Limited has a 50% shareholding in.

Amounts due from the subsidiary at the balance sheet date: £537 (2023 - £537).

Highcroft Interiors Limited
A company under the control of a close family member.

Amounts due from the related party at the balance sheet date: £3,480 (2023 - £2,220 owed to the related party).