JNC Funding Limited


1 April 2019falseNo description of principal activityTaxfiler2020.16NI637274business:PrivateLimitedCompanyLtd2019-04-012020-03-31NI6372742019-03-31NI6372742019-04-012020-03-31NI637274business:AuditExemptWithAccountantsReport2019-04-012020-03-31NI637274business:FullAccounts2019-04-012020-03-31NI6372742020-03-31NI637274business:Director12019-04-012020-03-31NI637274business:RegisteredOffice2019-04-012020-03-31NI6372742019-03-31NI637274core:WithinOneYear2020-03-31NI637274core:WithinOneYear2019-03-31NI637274core:ShareCapital2020-03-31NI637274core:ShareCapital2019-03-31NI637274core:RetainedEarningsAccumulatedLosses2020-03-31NI637274core:RetainedEarningsAccumulatedLosses2019-03-31NI637274business:SmallEntities2019-04-012020-03-31NI637274countries:NorthernIreland2019-04-012020-03-31NI6372742018-04-012019-03-31iso4217:GBPxbrli:pure
Company Registration No. NI637274 (Northern Ireland)
JNC Funding Limited Unaudited accounts for the year ended 31 March 2020
JNC Funding Limited Unaudited accounts Contents
Page
- 2 -
JNC Funding Limited Company Information for the year ended 31 March 2020
Director
Catherine Rainey
Company Number
NI637274 (Northern Ireland)
Registered Office
Unit 2 Channel Wharf21 Old Channel RoadBelfastAntrimBT3 9DE
Accountants
PGR Chartered Accountants Unit 2 Channel Wharf 21 Old Channel Road Belfast Antrim BT3 9DE
- 3 -
JNC Funding Limited Statement of financial position as at 31 March 2020
2020 
2019 
Notes
£ 
£ 
Current assets
Debtors
85,132 
106,560 
Cash at bank and in hand
(9)
149 
85,123 
106,709 
Creditors: amounts falling due within one year
(26,008)
(21,118)
Net current assets
59,115 
85,591 
Net assets
59,115 
85,591 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
59,105 
85,581 
Shareholders' funds
59,115 
85,591 
For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 February 2021 and were signed on its behalf by
Catherine Rainey Director Company Registration No. NI637274
- 4 -
JNC Funding Limited Notes to the Accounts for the year ended 31 March 2020
1
Statutory information
JNC Funding Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI637274. The registered office is Unit 2 Channel Wharf, 21 Old Channel Road, Belfast, Antrim, BT3 9DE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2020 
2019 
£ 
£ 
Other debtors
85,132 
106,560 
5
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Taxes and social security
23,261 
19,768 
Accruals
2,747 
1,350 
26,008 
21,118 
6
Transactions with related parties
Included in other debtors is an amount of £64,109 due from other related parties. This is an unsecured loan, repayable on demand with interest charged at 3% per annum.
7
Average number of employees
During the year the average number of employees was 1 (2019: 1).
- 5 -