REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 OCTOBER 2023 TO 1 OCTOBER 2024 |
FOR |
JACKSON LAW FINANCIAL MANAGEMENT LIMITED |
REGISTERED NUMBER: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 were approved by the Board of Directors and authorised for issue on |
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 |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Computer equipment | - |
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 |
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 |
Disposals | ( |
) |
At 1 October 2024 |
DEPRECIATION |
At 1 October 2023 |
Eliminated on disposal | ( |
) |
At 1 October 2024 |
NET BOOK VALUE |
At 1 October 2024 |
At 30 September 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
1/10/24 | 30/9/23 |
£ | £ |
Trade debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
1/10/24 | 30/9/23 |
£ | £ |
Taxation and social security |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 1/10/24 | 30/9/23 |
value: | £ | £ |
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 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. |