Company Registration No. 12047581 (England and Wales)
CJN Investments Limited
Unaudited accounts
for the year ended 30 June 2024
CJN Investments Limited
Unaudited accounts
Contents
CJN Investments Limited
Company Information
for the year ended 30 June 2024
Director
Christopher Naylor
Company Number
12047581 (England and Wales)
Registered Office
Fernhills House
Todd Street
Bury
Greater Manchester
BL9 5BJ
Accountants
James Wheelan Accountancy Limited
Minshull House
67 Wellington Road North
Stockport
SK4 2LP
CJN Investments Limited
Statement of financial position
as at 30 June 2024
Investment property
290,000
270,000
Cash at bank and in hand
3,068
11,267
Creditors: amounts falling due within one year
(79,570)
(86,235)
Net current liabilities
(76,502)
(74,968)
Total assets less current liabilities
214,173
196,183
Creditors: amounts falling due after more than one year
(127,352)
(128,534)
Provisions for liabilities
Deferred tax
(16,539)
(12,611)
Called up share capital
1
1
Profit and loss account
70,281
55,037
Shareholders' funds
70,282
55,038
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 March 2025 and were signed on its behalf by
Christopher Naylor
Director
Company Registration No. 12047581
CJN Investments Limited
Notes to the Accounts
for the year ended 30 June 2024
CJN Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 12047581. The registered office is Fernhills House, Todd Street, Bury, Greater Manchester, BL9 5BJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years
CJN Investments Limited
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Computer equipment
Fair value at 1 July 2023
270,000
Net gain from fair value adjustments
20,000
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
7,562
4,386
Taxes and social security
35
376
Loans from directors
71,358
80,858
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
127,352
128,534
The bank loans are secured by fixed charge over the investment property held by the company.
8
Transactions with related parties
During the year funds were made available to the company from the director. At the year end a balance totalling £71,357 was owed to the director.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).