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JCPII LTD - Company Information

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JCPII Limited

Registered Number:05750972

For the year ended 31 March 2019

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2019

JCPII Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 31 March 2019

JCPII Limited

Statement of Financial Position

Registered Number :

05750972

2018

2019

Notes

Fixed assets

Property, plant and equipment

5,735

19,976

5,735

19,976

Current assets

Trade and other receivables

111,207

102,611

65,966

Cash and cash equivalents

176,014

278,625

177,173

Trade and other payables: amounts falling due within one

year

(162,856)

(211,698)

14,317

66,927

Net current assets

Total assets less current liabilities

72,662

34,293

(3,500)

(3,800)

Provisions for liabilities

69,162

Net assets

30,493

Capital and reserves

Called up share capital

Retained earnings

69,067

30,398

69,162

30,493

Shareholders' funds

For the year ended 31 March 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Mr D. De-Burgh Milne Director

These financial statements were approved and authorised for issue by the Board on 31 December 2019 and were signed by:

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For the year ended 31 March 2019

JCPII Limited

Statement of Financial Position Continued

The notes form part of these financial statements

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For the year ended 31 March 2019

JCPII Limited

Notes to the Financial Statements

Statutory Information

JCPII Limited is a private limited company, limited by shares, domiciled in England and Wales, registration

number 05750972.

Registered address:

Omega Court

368 Cemetery Road

Sheffield

S11 8FT

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and

the Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Marine craft

25% Reducing balance

15% Reducing balance

Fixtures and fittings

Inventories

Income on work in progress contracts is recognised by reference to the valuation of time spent on each contract, at the year end. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to fairly reflect the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover, and the related costs.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

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For the year ended 31 March 2019

JCPII Limited

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Fixtures and

fittings

Marine craft

Cost or

valuation

At 01 April 2018

46,209

6,223

39,986

3,640

Additions

(39,986)

Disposals

(39,986)

At 31 March 2019

9,863

Provision for depreciation and impairment

At 01 April 2018

26,233

3,116

23,117

Charge for year

1,012

(23,117)

On disposal

At 31 March 2019

4,128

At 31 March 2019

Net book value

5,735

At 31 March 2018

16,869

3,107

19,976

3. Trade and other receivables

2018

2019

Trade debtors

102,611

111,207

4. Trade and other payables: amounts falling due within one year

2018

2019

Trade creditors

68,631

45,905

Taxation and social security

139,500

113,701

Other creditors

3,567

3,250

211,698

162,856

5. Related party transactions

The directors are also shareholders of the company. Dividends paid to the directors, as shareholders of the

company, during the year (with the previous year shown in brackets) were as follows: Mr D. de Burgh-Milne

£160,150 (£134,000); Mr J.T. Dakin £32,050 (£5,000); Mr P. Rowson £Nil (£Nil).

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