REGISTERED NUMBER:
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JONES & WAGENER INTERNATIONAL LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2020 |
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REGISTERED NUMBER:
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JONES & WAGENER INTERNATIONAL LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2020 |
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JONES & WAGENER INTERNATIONAL LIMITED (REGISTERED NUMBER: 12075302) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2020 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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JONES & WAGENER INTERNATIONAL LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2020 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
2nd Floor Exchange Building |
16 St Cuthberts Street |
Bedford |
Bedfordshire |
MK40 3JG |
JONES & WAGENER INTERNATIONAL LIMITED (REGISTERED NUMBER: 12075302) |
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BALANCE SHEET |
31 DECEMBER 2020 |
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2020 | 2019 |
Restated |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 8 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Share premium |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
JONES & WAGENER INTERNATIONAL LIMITED (REGISTERED NUMBER: 12075302) |
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BALANCE SHEET - continued |
31 DECEMBER 2020 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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JONES & WAGENER INTERNATIONAL LIMITED (REGISTERED NUMBER: 12075302) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2020 |
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1. | STATUTORY INFORMATION |
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Jones & Wagener International Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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The comparatives relate to the period from 28th June 2019 to 31st December 2019. |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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During the year the global health crisis caused by Coronavirus (COVID-19) has had a significant impact on all businesses. The directors have assessed the potential impact of this uncertain situation on the company and do not consider that it will lead to any subsequent impairment of the reported amount of the value of assets. Contingency plans have been put in place in order to mitigate the negative effects of any period of interrupted trading, which will enable the company to continue as a going concern. |
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Preparation of consolidated financial statements |
The financial statements contain information about Jones & Wagener International Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2019 - NIL). |
JONES & WAGENER INTERNATIONAL LIMITED (REGISTERED NUMBER: 12075302) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2020 |
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5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
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At 31 December 2020 |
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NET BOOK VALUE |
At 31 December 2020 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
Restated |
£ | £ |
Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
Restated |
£ | £ |
Accruals and deferred income |
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8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2020 | 2019 |
Restated |
£ | £ |
Director's loan account | 23,040 | - |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2020 | 2019 |
value: | £ | £ |
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Ordinary | 1 | 1,000 | 1,000 |
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During the year the existing shares in issue were purchased by the shareholders at £188 per share. |
JONES & WAGENER INTERNATIONAL LIMITED (REGISTERED NUMBER: 12075302) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2020 |
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10. | RELATED PARTY DISCLOSURES |
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Included within creditors is an amount of £11,880 (2019 - £Nil) due to J P Van Der Berg, director. Interest of £240 (2019: £Nil) is accruing on this balance during the year at a 2.5% rate. There are no set repayment terms in place. |
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Included within creditors is an amount of £11,160 (2019 - £Nil) due to J E Glendinning, director. Interest of £225 (2019: £Nil) is accruing on this balance during the year at a 2.5% rate. There are no set repayment terms in place. |
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During the year dividends of £34,047 (2019: £Nil) were received from Jones & Wagener Ghana Limited, a 90% subsidiary. |