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REGISTERED NUMBER: 07017335 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2023 TO 1 OCTOBER 2024

FOR

JACKSON LAW FINANCIAL MANAGEMENT LIMITED

JACKSON LAW FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 07017335)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2023 TO 1 OCTOBER 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


JACKSON LAW FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 07017335)

STATEMENT OF FINANCIAL POSITION
1 OCTOBER 2024

1/10/24 30/9/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - 13

CURRENT ASSETS
Debtors 5 - 20,164
Cash at bank 50,695 48,992
50,695 69,156
CREDITORS
Amounts falling due within one year 6 30,591 22,036
NET CURRENT ASSETS 20,104 47,120
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,104

47,133

PROVISIONS FOR LIABILITIES - 126
NET ASSETS 20,104 47,007

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 20,004 46,907
SHAREHOLDERS' FUNDS 20,104 47,007

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 1 October 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 1 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2025 and were signed on its behalf by:





S T Pile - Director


JACKSON LAW FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 07017335)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2023 TO 1 OCTOBER 2024

1. STATUTORY INFORMATION

Jackson Law Financial Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07017335

Registered office: 8 Camberwell Way
Doxford International Business Park
Sunderland
SR3 3XN

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.

Going concern
The company ceased trading on 1 October 2024 and transferred the going concern and trading activities to the parent company, Fairstone Holdings Ltd. It is the intention of the directors to propose the voluntary winding-up and dissolution of the company in the foreseeable future and distribute all remaining assets to the shareholders

Turnover
Turnover represents commissions receivable in the accounting period from the sales of financial products and related services and is recognised when the right to receive consideration has been obtained.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. Deferred tax assets are only recognised where they are considered to be recoverable in the future.

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 period 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.

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 period was 3 (2023 - 3 ) .

JACKSON LAW FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 07017335)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2023 TO 1 OCTOBER 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 October 2023 7,084
Disposals (7,084 )
At 1 October 2024 -
DEPRECIATION
At 1 October 2023 7,071
Eliminated on disposal (7,071 )
At 1 October 2024 -
NET BOOK VALUE
At 1 October 2024 -
At 30 September 2023 13

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
1/10/24 30/9/23
£    £   
Trade debtors - 20,164

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
1/10/24 30/9/23
£    £   
Taxation and social security 8,066 13,727
Other creditors 22,525 8,309
30,591 22,036

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 1/10/24 30/9/23
value: £    £   
100 Ordinary £1 100 100

8. POST BALANCE SHEET EVENTS

The company ceased trading on 1 October 2024 and transferred the going concern and trading activities to the parent company, Fairstone Holdings Ltd. It is the intention of the directors to propose the voluntary winding-up and dissolution of the company in the foreseeable future and distribute all remaining assets to the shareholders.

9. CONTROLLING PARTY

The immediate parent company is Fairstone Holdings Limited, a company registered in England and Wales.

The ultimate controlling company and controlling party is Fairstone Capital Group Limited, a company registered in Jersey. The registered office is 47 Esplanade, St Helier, Jersey, JE1 0BD.

For the period ended 1 October 2024, advantage has been taken of the related party disclosure exemptions in respect of group transactions since consolidated accounts are being prepared by the ultimate parent company Fairstone Capital Group Limited.

The smallest group of undertakings for which consolidated accounts have been drawn up, is that headed by Fairstone Capital Group Limited, of which the Company is a member. Copies of these accounts may be obtained from the Company's registered office at 47 Esplanade, St Helier, Jersey JE1 0BD.