Jeremy Bass Ltd - Period Ending 2018-12-31

Registration number: 03940636

Jeremy Bass Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2018

Ripe LLP
Chartered Accountants
9A Burroughs Gardens
London
NW4 4AU

Jeremy Bass Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 7

Jeremy Bass Ltd

Company Information

Director

Mr J Bass

Registered office

9A Burroughs Gardens London NW4 4AU

Accountants

Ripe LLP Chartered Accountants 9A Burroughs Gardens London NW4 4AU

Page 1

Jeremy Bass Ltd

(Registration number: 03940636)
Balance Sheet as at 31 December 2018

	Note	2018 £	2017 £
Fixed assets
Intangible assets	4	1,894	1,104
Tangible assets	5	7,185	8,452
		9,079	9,556
Current assets
Debtors	6	5,741	4,047
Cash at bank and in hand		15,764	17,492
		21,505	21,539
Creditors: Amounts falling due within one year	7	(38,416)	(52,912)
Net current liabilities		(16,911)	(31,373)
Net liabilities		(7,832)	(21,817)
Capital and reserves
Called up share capital	8	2	2
Profit and loss account		(7,834)	(21,819)
Total equity		(7,832)	(21,817)

The notes on pages 4 to 7 form an integral part of these financial statements.

Page 2

Jeremy Bass Ltd

(Registration number: 03940636)
Balance Sheet as at 31 December 2018

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

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 19 September 2019
 

Mr J Bass
Director

The notes on pages 4 to 7 form an integral part of these financial statements.

Page 3

Jeremy Bass Ltd

Notes to the Financial Statements for the Year Ended 31 December 2018

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
9A Burroughs Gardens
London
NW4 4AU
England

The principal place of business is:
50 Chalcot Road
Primrose Hill
London
NW1 8LS

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis on the understanding that the creditors will continue to support the company for the foreseeable future.

Revenue recognition

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Page 4

Jeremy Bass Ltd

Notes to the Financial Statements for the Year Ended 31 December 2018

Asset class	Depreciation method and rate
Fixture & Fittings	15% on reducing balance
Motor vehicles	25% on cost
Computer equipment	33% on cost

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Development costs	over the period of 5 years

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2017 - 2).

4	Intangible assets

	Website development cost  £	Total £
Cost or valuation
At 1 January 2018	1,250	1,250
Additions acquired separately	1,300	1,300
At 31 December 2018	2,550	2,550
Amortisation
At 1 January 2018	146	146
Amortisation charge	510	510
At 31 December 2018	656	656
Carrying amount
At 31 December 2018	1,894	1,894
At 31 December 2017	1,104	1,104

Page 5

Jeremy Bass Ltd

Notes to the Financial Statements for the Year Ended 31 December 2018

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2018	32,299	20,699	52,998
At 31 December 2018	32,299	20,699	52,998
Depreciation
At 1 January 2018	23,847	20,699	44,546
Charge for the year	1,267	-	1,267
At 31 December 2018	25,114	20,699	45,813
Carrying amount
At 31 December 2018	7,185	-	7,185
At 31 December 2017	8,452	-	8,452

6

Debtors

	2018 £	2017 £
Other debtors	5,741	4,047
	5,741	4,047

7

Creditors

Creditors: amounts falling due within one year

	2018 £	2017 £
Due within one year
Bank loans and overdrafts	-	5,506
Trade creditors	1,251	2,942
Taxation and social security	4,453	4,550
Other creditors	32,712	39,914
	38,416	52,912

Page 6

Jeremy Bass Ltd

Notes to the Financial Statements for the Year Ended 31 December 2018

8	Share capital

Allotted, called up and fully paid shares

	2018		2017
	No.	£	No.	£
Ordinary shares of £1 each	2	2	2	2

9

Directors' advances credits and guarantees

As at year end, the director owed £5,523 (2017: £3,857) to the company.

Page 7