Jasper Conran Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01331470 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

JASPER CONRAN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

J A T Conran OBE

R M Litler

Secretary:

R M Litler

Registered office:

1-7 Rostrevor Mews

Fulham

London

SW6 5AZ

Registered number:

01331470 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,235

2,900

CURRENT ASSETS

Debtors

5

2,012,621

1,678,614

Cash at bank and in hand

1,312,967

5,726,130

3,325,588

7,404,744

CREDITORS

Amounts falling due within one year

6

2,149,321

6,238,331

NET CURRENT ASSETS

1,176,267

1,166,413

TOTAL ASSETS LESS CURRENT LIABILITIES

1,177,502

1,169,313

CAPITAL AND RESERVES

Called up share capital

8

462,100

462,100

Retained earnings

715,402

707,213

SHAREHOLDERS' FUNDS

1,177,502

1,169,313

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 22 July 2021 and were signed on its behalf by:

J A T Conran OBE - Director

1.	STATUTORY INFORMATION

Jasper Conran 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

-

25% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs

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 year was 11 (2020 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

Cost

At 1 April 2020

and 31 March 2021

367,784

Depreciation

At 1 April 2020

364,884

Charge for year

1,665

At 31 March 2021

366,549

Net book value

At 31 March 2021

1,235

At 31 March 2020

2,900

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

17,268

5,400

Amounts owed by group undertakings

1,928,297

1,551,676

VAT

38,241

93,194

Deferred tax asset

3,068

2,908

Accrued income

-

1,339

Prepayments

25,747

24,097

2,012,621

1,678,614

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

18,984

17,976

Amounts owed to group undertakings

2,139,796

6,168,779

Corporation tax

(60,196

)

(80,050

)

Social security and other taxes

32,652

20,518

Other creditors

601

2,302

Directors' current accounts

8,044

98,289

Accruals and deferred income

9,440

10,517

2,149,321

6,238,331

7.	DEFERRED TAX

£

Balance at 1 April 2020

(2,908

)

Provided during year

(160

)

Balance at 31 March 2021

(3,068

)

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.21

31.3.20

value:

£

£

462,100

'A' Ordinary

£1.00

462,100

462,100

9.	TRANSACTIONS WITH DIRECTORS

During the year the company paid J A T Conran fees of £1,100,000 (2020: £2,000,000) for the right to use and licence the Jasper Conran trade marks in the UK and Ireland.

Interest is payable at 2.75% per annum, quarterly in arrears, in respect of any balance owed to J A T Conran during the year.

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11.	CONTROLLING PARTY

The controlling party is Jasper Conran Holdings Limited (registered number 03912302).

The ultimate controlling party is J A T Conran OBE.