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Registered Number: 11978889
England and Wales

 

 

 

JEZ WALSH HOLDINGS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 June 2020

End date: 31 May 2021
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 May 2021
Principal activities
Principal activity of the company during the financial year was of insurance brokerage
Director
The director who served the company throughout the year was as follows:
Mr Jezero Charlie Tobias Walsh
Statement of director's responsibilities
The director is responsible for preparing the directors report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. As disclosed in Note 1 to the financial statements, the director does not consider the going concern basis to be appropriate and these financial statements have therefore not been prepared on that basis.

The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Mr Jezero Charlie Tobias Walsh
Director

Date approved: 10 February 2025
1
 
 
Notes
 
2021
£
  2020
£
Current assets      
Debtors 3 10,911    6,006 
Other assets 56    4,600 
10,967    10,606 
Creditors: amount falling due within one year (12,413)   (3,091)
Net current assets (1,446)   7,515 
 
Total assets less current liabilities (1,446)   7,515 
Creditors: amount falling due after more than one year 4   (7,500)
Net assets (1,446)   15 
 

Capital and reserves
     
Called up share capital 5 1    1 
Profit and loss account (1,447)   14 
Shareholders' funds (1,446)   15 
 


For the year ended 31 May 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 10 February 2025 and were signed by:


-------------------------------
Mr Jezero Charlie Tobias Walsh
Director
2
General Information
Jez Walsh Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 11978889, registration address 36 Echo Barn Hill, Kendal, LA9 5NA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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) under the 'break-up' basis. Any non-current liabilities have been reclassified as current liabilities.
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.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred under the performance model. Included in the 2021 figures was the Government grant received to pay the first 12 months interest on the Bounce Back Loan received.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2.

Average number of employees

Average number of employees during the year was 1 (2020 : 1).
3.

Debtors: amounts falling due within one year

2021
£
  2020
£
Prepayments & Accrued Income 1,671   
Directors' Current Accounts 9,240    6,006 
10,911    6,006 

4.

Creditors: amount falling due after more than one year

2021
£
  2020
£
Bank Loans & Overdrafts   7,500 
  7,500 

5.

Share Capital

Allotted, called up and fully paid
2021
£
  2020
£
1 Class A share of £1.00 each  
 

6.

Advances and Credits



Director
During the year 2021 the Director had received a loan from the company with interest charged at the HMRC beneficial loan interest rate of 2.25% in 2020 to 2021 and 2% in 2021 to 2022. The balance outstanding as at 31st May 2021 was £9,240. The loan was repayable on demand.

Current year (2021)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
Written Off
£
Waived
£
Carry Forward
£
Director 6,006 15,126 176 12,068 9,240 
60061512617612068009240
Previous year (2020)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
Written Off
£
Waived
£
Carry Forward
£
Director 24,722 37 18,753 6,006 
0247223718753006006
7.

Events after Balance sheet date

Trade ceased

As disclosed in the accounting policies note at Note 1, the company ceased to trade on 31st December 2021 on the grounds that all sales contracts had ceased and no further work had been secured to enable the business to continue as a going concern. The going concern basis is not appropriate and the director has therefore not prepared the financial statements on that basis.
3