Jack & Jill Inn (Clayton) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09132128 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2024

for

Jack & Jill Inn (Clayton) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs Joan Harman

Mr Paul M Harman

REGISTERED OFFICE:

Brighton Road

Clayton

Hassocks

West Sussex

BN6 9PD

REGISTERED NUMBER:

09132128 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

66,275

38,849

66,275

38,849

CURRENT ASSETS

Stocks

10,500

9,375

Debtors

6

11,683

-

Cash at bank and in hand

25,579

38,228

47,762

47,603

CREDITORS

Amounts falling due within one year

7

114,005

85,909

NET CURRENT LIABILITIES

(66,243

)

(38,306

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

32

543

CREDITORS

Amounts falling due after more than one year

8

-

517

NET ASSETS

32

26

CAPITAL AND RESERVES

Called up share capital

13

Retained earnings

9

19

13

SHAREHOLDERS' FUNDS

32

26

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 April 2025 and were signed on its behalf by:

Mrs Joan Harman - Director

1.	STATUTORY INFORMATION

Jack & Jill Inn (Clayton) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2023

and 31 July 2024

515

AMORTISATION

At 1 August 2023

and 31 July 2024

515

NET BOOK VALUE

At 31 July 2024

-

At 31 July 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 August 2023

34,536

23,351

57,887

Additions

-

28,504

At 31 July 2024

34,536

51,855

86,391

DEPRECIATION

At 1 August 2023

-

19,038

Charge for year

-

1,078

At 31 July 2024

-

20,116

NET BOOK VALUE

At 31 July 2024

34,536

31,739

66,275

At 31 July 2023

34,536

4,313

38,849

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.24

31.7.23

£

Other debtors

11,683

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.24

31.7.23

£

Trade creditors

56,908

60,038

Taxation and social security

42,414

23,171

Other creditors

14,683

2,700

114,005

85,909

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.7.24

31.7.23

£

Bank loans

-

517

9.

RESERVES

Retained

earnings

£

At 1 August 2023

13

Profit for the year

27,924

Dividends

(27,918

)

At 31 July 2024

19

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr Paul M Harman.