Jarman Way Management Company Limited

Jarman Way Management Company Limited
Registered number:		02826870
Balance Sheet
as at 30 June 2024

Notes			2024			2023
£				£
Current assets
Debtors	3	34,587			12,250
Cash at bank and in hand		5,550			7,629
		40,137			19,879

Creditors: amounts falling due within one year	4	(39,631)			(19,373)

Net current assets			506			506

Net assets			506			506

Capital and reserves
Called up share capital			31			31
Profit and loss account			475			475

Shareholders' funds			506			506

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




R Ralston
Director
Approved by the board on 15 October 2024

Jarman Way Management Company Limited
Notes to the Accounts
for the year ended 30 June 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	The company is a property management company and corporation tax is not due on any surplus made.


2	Employees	2024		2023
Number			Number

	Average number of persons employed by the company	-		-



3	Debtors	2024		2023
£			£

	Trade debtors	26,803		9,687
	Prepayments	1,635		-
	Other debtors	6,149		2,563
		34,587		12,250


4	Creditors: amounts falling due within one year	2024		2023
£			£

	Trade creditors	2,230		-
	Other taxes and social security costs	4,455		3,428
	Other creditors	32,946		15,945
		39,631		19,373

5	Controlling party

	The company has no significant controlling party.


6	Other information

	Jarman Way Management Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Units 6a & 6b Quickbury Farm
	Sawbridgeworth
	CM21 9HY