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Jacobs Massey Holdings Ltd
Registered number: 10344845
Information for filing with the Registrar
For the year ended 30 June 2019
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JACOBS MASSEY HOLDINGS LTD
REGISTERED NUMBER: 10344845
BALANCE SHEET
AS AT 30 JUNE 2019
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Creditors: Amounts falling due within one year
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Total assets less current liabilities
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Creditors: Amounts falling due after more than one year
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- 1 -
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JACOBS MASSEY HOLDINGS LTD
REGISTERED NUMBER: 10344845
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2019
The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 3 to 6 form part of these financial statements.
- 2 -
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JACOBS MASSEY HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2019
Jacobs Massey Holdings Ltd is a private company limited by shares and incorporated in England. The Company's registered number is 10344845. The address of its registered office is 6 Dominus Way, Meridian Business Park, Leicester, LE19 1RP.
The principal activity of the Company during the year continued to be that of a holding company.
The financial statements have been presented in Pounds Sterling (£) as this is the currency of the primary economic environment in which the Company operates and is rounded to the nearest pound.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102 ("FRS 102"), the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
The following principal accounting policies have been applied:
Finance costs are charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
All borrowing costs are recognised in the profit and loss account in the year in which they are incurred.
Investments in subsidiaries are measured at cost less accumulated impairment.
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at transaction value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
- 3 -
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JACOBS MASSEY HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2019
2.Accounting policies (continued)
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at transaction value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.
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The average monthly number of employees, including Directors, during the year was 1 (2018 - 1).
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- 4 -
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JACOBS MASSEY HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2019
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Investments in subsidiary undertakings
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The following was a subsidiary undertaking of the Company:
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Amounts owed by group undertakings
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- 5 -
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JACOBS MASSEY HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2019
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Creditors: Amounts falling due within one year
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Bank loans are secured by the assets of the Company and its subsidiary undertaking and by the Director, G Massey, by way of a personal guarantee.
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Creditors: Amounts falling due after more than one year
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Bank loans are secured by the assets of the Company and its subsidiary undertaking and by the Director, G Massey, by way of a personal guarantee.
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Allotted, called up and fully paid
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102 (2018 - 101) Ordinary shares of £1.00 each
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During the year 1 Ordinary share was allotted at par value.
Share premium account
The share premium account represents the amount above the nominal value received for issued share capital, less transaction costs.
Profit and loss account
The profit and loss account represents the cumulative profits and losses of the Company.
- 6 -
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