2 JAYNE'S LIMITED Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 07006738

2 JAYNE'S LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 August 2018

2 JAYNE'S LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2018

CONTENTS	PAGES

Statement of financial position	1 to 2

Notes to the financial statements	3 to 4

2 JAYNE'S LIMITED

STATEMENT OF FINANCIAL POSITION

31 August 2018

	2018	2017
Note	£	£

Fixed assets

Investments	4	100,800	100,800

Current assets

Debtors	5	2	2

Creditors: amounts falling due within one year	6	( 74,349)	( 69,149)
		--------	--------
Net current liabilities		( 74,347)	( 69,147)
		---------	---------
Total assets less current liabilities		26,453	31,653

Creditors: amounts falling due after more than one year	7	( 16,615)	( 21,815)
		--------	--------
Net assets		9,838	9,838
		--------	--------

Capital and reserves

Called up share capital	102	102
Profit and loss account	9,736	9,736
	-------	-------
Shareholders funds	9,838	9,838
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 August 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

2 JAYNE'S LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 August 2018

These financial statements were approved by the board of directors and authorised for issue on 28 May 2019 , and are signed on behalf of the board by:

S Ellershaw

Director

Company registration number: 07006738

2 JAYNE'S LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is DPC, Vernon Road, Stoke on Trent, Staffordshire, ST4 2QY. During the year the principal activity of the company is that of a holding company.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

4. Investments

	Shares in group undertakings
	£
Cost
At 1 September 2017 and 31 August 2018	100,800
	---------
Impairment
At 1 September 2017 and 31 August 2018	–
	---------

Carrying amount
At 31 August 2018	100,800
	---------
At 31 August 2017	100,800
	---------

The company owns 100% of the issued Ordinary share capital of Burnell's Limited, a company registered in England and Wales.

5. Debtors

	2018	2017
	£	£
Other debtors	2	2
	----	----

6. Creditors: amounts falling due within one year

	2018	2017
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	74,349	69,149
	--------	--------

7. Creditors: amounts falling due after more than one year

	2018	2017
	£	£
Other creditors	16,615	21,815
	--------	--------

8. Events after the end of the reporting period

There were no significant events up to the date of approval of the financial statements by the Board.