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Registered number: 08085218
The Gentleman's Journal Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Director Mr Henry Jarman
Company Number 08085218
Registered Office Castle House
Castle Street
Guildford
Surrey
GU1 3UW
Accountants ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Page 1
Page 2
Balance Sheet
Registered number: 08085218
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 5,214 4,522
5,214 4,522
CURRENT ASSETS
Debtors 6 430,786 381,108
Cash at bank and in hand 7,060 87,490
437,846 468,598
Creditors: Amounts Falling Due Within One Year 7 (1,492,384 ) (1,176,584 )
NET CURRENT ASSETS (LIABILITIES) (1,054,538 ) (707,986 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,049,324 ) (703,464 )
Creditors: Amounts Falling Due After More Than One Year 8 (11,659 ) (21,670 )
NET LIABILITIES (1,060,983 ) (725,134 )
CAPITAL AND RESERVES
Called up share capital 9 157 157
Share premium account 477,049 477,049
Profit and Loss Account (1,538,189 ) (1,202,340 )
SHAREHOLDERS' FUNDS (1,060,983) (725,134)
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Henry Jarman
Director
28th March 2025
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
The Gentleman's Journal Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08085218 . The registered office is Castle House, Castle Street, Guildford, Surrey, GU1 3UW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets refers to website development. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are Trademarks. It is amortised to the profit and loss account over its estimated economic life of 5 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% Reducing balance
Computer Equipment 33.33% Straight line
2.6. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 10)
10 10
4. Intangible Assets
Other Intellectual Property Total
£ £ £
Cost
As at 1 April 2023 10,225 711 10,936
As at 31 March 2024 10,225 711 10,936
Amortisation
As at 1 April 2023 10,225 711 10,936
As at 31 March 2024 10,225 711 10,936
Net Book Value
As at 31 March 2024 - - -
As at 1 April 2023 - - -
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 4,004 15,582 19,586
Additions - 3,272 3,272
As at 31 March 2024 4,004 18,854 22,858
Depreciation
As at 1 April 2023 2,792 12,272 15,064
Provided during the period 182 2,398 2,580
As at 31 March 2024 2,974 14,670 17,644
Net Book Value
As at 31 March 2024 1,030 4,184 5,214
As at 1 April 2023 1,212 3,310 4,522
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 423,369 358,096
Amounts owed by group undertakings 489 -
Other debtors 6,928 23,012
430,786 381,108
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 218,881 213,132
Bank loans and overdrafts 10,005 10,000
Other creditors 457,494 420,352
Taxation and social security 806,004 533,100
1,492,384 1,176,584
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,659 21,670
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 157 157
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Henry Jarman 3,411 13,654 (12,600 ) - 4,465
The above loan is unsecured, interest free and repayable on demand.
11. Controlling Party
The company's controlling party is Mr Harry Jarman by virtue of his ownership of 54.8% of the issued share capital in the company.
12. Going Concern
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Page 7
As at the balance sheet date the company has net liabilities. These financial statements have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to support the company for the foreseeable future.
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