JNC Funding Limited iXBRL


Relate AccountsProduction v2.2.22v2.2.222018-04-01The company was not dormant during the periodThe company was trading for the entire periodUnaudited AccountsThe principal activity is that of Management consultancy22 November 201910NI6372742019-03-31NI6372742018-03-31NI6372742017-03-31NI6372742018-04-012019-03-31NI6372742017-04-012018-03-31NI637274uk-bus:PrivateLimitedCompanyLtd2018-04-012019-03-31NI637274uk-bus:SmallCompaniesRegimeForAccounts2018-04-012019-03-31NI637274uk-bus:FullAccounts2018-04-012019-03-31NI637274uk-core:ShareCapital2019-03-31NI637274uk-core:ShareCapital2018-03-31NI637274uk-core:RetainedEarningsAccumulatedLosses2019-03-31NI637274uk-core:RetainedEarningsAccumulatedLosses2018-03-31NI637274uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests2019-03-31NI637274uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests2018-03-31NI637274uk-bus:FRS1022018-04-012019-03-31NI637274uk-core:CurrentFinancialInstruments2019-03-31NI637274uk-core:CurrentFinancialInstruments2018-03-31NI637274uk-core:WithinOneYear2019-03-31NI637274uk-core:WithinOneYear2018-03-31NI6372742018-04-012019-03-31NI637274uk-bus:Director12018-04-012019-03-31NI637274uk-bus:AuditExempt-NoAccountantsReport2018-04-012019-03-31xbrli:pureiso4217:GBPxbrli:shares
 
 
 
JNC Funding Limited
 
Unaudited Financial Statements
 
for the year ended 31 March 2019
JNC Funding Limited
Company Number: NI637274
BALANCE SHEET
as at 31 March 2019

2019 2018
Notes £ £
 
Current Assets
 
Debtors 4 106,560 106,090
 
Cash and cash equivalents 149 242
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106,709 106,332
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Creditors: Amounts falling due within one year 5 (21,118) (67,091)
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Net Current Assets 85,591 39,241
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Total Assets less Current Liabilities 85,591 39,241
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Capital and Reserves
 
Called up share capital 10 10
 
Profit and Loss Account 85,581 39,231
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Shareholders' Funds 85,591 39,241
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 22 November 2019
           
           
________________________________          
Catherine Rainey          
Director          



JNC Funding Limited
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2019

   
1. GENERAL INFORMATION
 
JNC Funding Limited is a company limited by shares incorporated in Northern Ireland.
         
2. ACCOUNTING POLICIES
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 March 2019 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Cash Flow Statement because it is classified as a small company.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
       
3. EMPLOYEES
 
The average monthly number of employees, including director, during the year was 0.00|0, (2018 - 0).
 
  2019 2018
  Number Number
 
Director 1 -
  ═════════ ═════════
       
4. DEBTORS 2019 2018
  £ £
 
Other debtors 106,560 106,090
  ═════════ ═════════
       
5. CREDITORS 2019 2018
Amounts falling due within one year £ £
 
Taxation 19,768 17,285
Director's current account - 48,706
Accruals 1,350 1,100
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  21,118 67,091
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6. CAPITAL COMMITMENTS
 
The company had no material capital commitments at the year-ended 31 March 2019.
           
7. RELATED PARTY TRANSACTIONS
 
Included in other debtors is an amount of £93,165 due from other related parties. This is an unsecured loan, repayable on demand with interest charged at 3% per annum.
   
8. POST-BALANCE SHEET EVENTS
 
There have been no significant events affecting the company since the year-end.