J Jones-Buchanan I.r. Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07878944 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

J JONES-BUCHANAN I.R. LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs E C Jones-Buchanan

J Jones-Buchanan

REGISTERED OFFICE:

C/o Ground Floor

St Pauls House

23 Park Square

Leeds

West Yorkshire

LS1 2ND

REGISTERED NUMBER:

07878944 (England and Wales)

ACCOUNTANTS:

Sedulo Leeds Limited

St Paul's House

23 Park Square

Leeds

West Yorkshire

LS1 2ND

FIXED ASSETS

Tangible assets

4

79

105

Investment property

5

-

57,851

79

57,956

CURRENT ASSETS

Debtors

6

59,392

84,112

Investments

7

45,000

45,000

Cash at bank

9,481

3,723

113,873

132,835

CREDITORS

Amounts falling due within one year

8

2,331

6,664

NET CURRENT ASSETS

111,542

126,171

TOTAL ASSETS LESS CURRENT LIABILITIES

111,621

184,127

CREDITORS

Amounts falling due after more than one year

9

-

43,050

NET ASSETS

111,621

141,077

CAPITAL AND RESERVES

Called up share capital

2

-

Retained earnings

111,619

141,077

111,621

141,077

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2021 and were signed on its behalf by:

J Jones-Buchanan - Director

1.	STATUTORY INFORMATION

J Jones-Buchanan I.r. Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2020

and 31 December 2020

250

DEPRECIATION

At 1 January 2020

145

Charge for year

26

At 31 December 2020

171

NET BOOK VALUE

At 31 December 2020

79

At 31 December 2019

105

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2020

57,851

Disposals

(57,851

)

At 31 December 2020

-

NET BOOK VALUE

At 31 December 2020

-

At 31 December 2019

57,851

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Other debtors

59,392

84,112

7.	CURRENT ASSET INVESTMENTS

31.12.20

31.12.19

£

£

Unlisted investments

45,000

45,000

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Taxation and social security

1,762

6,040

Other creditors

569

624

2,331

6,664

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.20

31.12.19

£

£

Other creditors

-

43,050

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is a loan owing from the directors of the company of £59,392 (2019: £63,469).