REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 DECEMBER 2019 |
|
FOR |
|
J G H LIMITED |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 DECEMBER 2019 |
|
FOR |
|
J G H LIMITED |
J G H LIMITED (REGISTERED NUMBER: 05314444) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2019 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Abridged Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
J G H LIMITED |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2019 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
SECRETARY: |
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
BANKERS: |
|
113 Dalton Road |
Barrow in Furness |
Cumbria |
LA14 1WY |
J G H LIMITED (REGISTERED NUMBER: 05314444) |
|
ABRIDGED BALANCE SHEET |
31 DECEMBER 2019 |
|
31.12.19 | 31.12.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
Investment property | 5 |
|
|
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 6 |
|
|
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. |
J G H LIMITED (REGISTERED NUMBER: 05314444) |
|
ABRIDGED BALANCE SHEET - continued |
31 DECEMBER 2019 |
|
|
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
|
The financial statements were approved by the Board of Directors on
|
|
|
|
|
|
|
|
J G H LIMITED (REGISTERED NUMBER: 05314444) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2019 |
|
1. | STATUTORY INFORMATION |
|
J G H Limited is a
|
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover represents net invoiced sales of goods and services, excluding VAT. |
|
Tangible fixed assets |
|
Freehold property | - |
|
Plant and machinery | - |
|
Motor vehicles | - |
|
Computer equipment | - |
|
|
Freehold property has not been depreciated which is a departure from Financial Reporting Standard 102 and from the Companies Act 2006. Depreciation if provided would not have been of a material nature. The directors consider that this policy results in the financial statements showing a true and fair view. |
|
Investment property |
All of the company's properties are held for long-term investment and are included in the Balance Sheet at cost which is a departure from Financial Reporting Standard 102. |
|
Depreciation is not provided in respect of investment properties which is a departure from Financial Reporting Standard 102 and the Companies Act 2006. Depreciation if provided would not have been of a material nature. |
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
|
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. |
|
Rental income |
Rental income is included in the financial statements on the accruals basis. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
J G H LIMITED (REGISTERED NUMBER: 05314444) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2019 |
|
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 January 2019 |
|
Additions |
|
At 31 December 2019 |
|
DEPRECIATION |
At 1 January 2019 |
|
Charge for year |
|
At 31 December 2019 |
|
NET BOOK VALUE |
At 31 December 2019 |
|
At 31 December 2018 |
|
|
Freehold property has not been depreciated which is a departure from Financial Reporting Standard 102 and from the Companies Act 2006. Depreciation if provided would not have been of a material nature. The directors consider that this policy results in the financial statements showing a true and fair view. |
|
Fixed assets, included in the above, which are held under finance leases are as follows: |
|
Totals |
£ |
COST |
At 1 January 2019 |
and 31 December 2019 | 28,280 |
DEPRECIATION |
At 1 January 2019 | 9,607 |
Charge for year | 5,656 |
At 31 December 2019 | 15,263 |
NET BOOK VALUE |
At 31 December 2019 | 13,017 |
At 31 December 2018 | 18,673 |
|
5. | INVESTMENT PROPERTY |
Total |
£ |
COST |
At 1 January 2019 |
|
Disposals | ( |
) |
At 31 December 2019 |
|
NET BOOK VALUE |
At 31 December 2019 |
|
At 31 December 2018 |
|
J G H LIMITED (REGISTERED NUMBER: 05314444) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2019 |
|
5. | INVESTMENT PROPERTY - continued |
|
All of the company's properties are held for long-term investment and are included in the Balance Sheet at cost which is a departure from Financial Reporting Standard 102. |
|
Depreciation is not provided in respect of investment properties which is a departure from Financial Reporting Standard 102 and the Companies Act 2006. Depreciation if provided would not have been of a material nature. |
|
6. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.19 | 31.12.18 |
value: | £ | £ |
|
A Ordinary | £1 | 53 | 59 |
|
B Ordinary | £1 | 1 | 1 |
|
C Ordinary | £1 | 46 | 40 |
100 | 100 |
|
7. | RELATED PARTY DISCLOSURES |
|
At 31st December 2019, Mr Jeremy Glenn Harley, a director of the company had on an unsecured interest free basis, advanced £415,369 to the company. Of this £35,169 is repayable on demand, and £380,200 is repayable after more than one year. |
|
(Prior year £472,523) |
|
8. | ULTIMATE CONTROLLING PARTY |
|
The controlling party is Mr Jeremy Glenn Harley. |