Jarrovian Group Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10915169 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

JARROVIAN GROUP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Price

A Young

C M Salacinski

M A Shamsuddin

F W Oxberry

J E Glynn

Ms J Kitson

REGISTERED OFFICE:

Sargeant Partnership

Unit 5 White Oak Square

London Road

Swanley

Kent

BR8 7AG

REGISTERED NUMBER:

10915169 (England and Wales)

ACCOUNTANTS:

Sargeant Partnership

Chartered Accountants

5 White Oak Square

London Road

Swanley

Kent

BR8 7AG

FIXED ASSETS

Intangible assets

4

729,500

-

Tangible assets

5

5,583

-

Investments

6

175,300

175,300

910,383

175,300

CURRENT ASSETS

Debtors

7

65,017

1,219

Cash at bank

42

696

65,059

1,915

CREDITORS

Amounts falling due within one year

8

54,547

2,799

NET CURRENT ASSETS/(LIABILITIES)

10,512

(884

)

TOTAL ASSETS LESS CURRENT LIABILITIES

920,895

174,416

CREDITORS

Amounts falling due after more than one year

9

(918,199

)

(173,199

)

PROVISIONS FOR LIABILITIES

(949

)

-

NET ASSETS

1,747

1,217

CAPITAL AND RESERVES

Called up share capital

10

1,405

1,000

Share premium

11

53

-

Capital redemption reserve

11

80

-

Retained earnings

11

209

217

SHAREHOLDERS' FUNDS

1,747

1,217

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

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

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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 7 May 2020 and were signed on its behalf by:

G Price - Director

1.	STATUTORY INFORMATION

Jarrovian Group Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

The Customer list is being amortised over its useful economic life of 10 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

Loan notes are not currently amortised.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% per annum on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will

be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	INTANGIBLE FIXED ASSETS

Loan

Goodwill

Notes

Totals

£

£

£

COST

Additions

140,000

600,000

740,000

At 31 December 2019

140,000

600,000

740,000

AMORTISATION

Amortisation for year

10,500

-

10,500

At 31 December 2019

10,500

-

10,500

NET BOOK VALUE

At 31 December 2019

129,500

600,000

729,500

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

5,919

At 31 December 2019

5,919

DEPRECIATION

Charge for year

336

At 31 December 2019

336

NET BOOK VALUE

At 31 December 2019

5,583

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2019

and 31 December 2019

175,300

NET BOOK VALUE

At 31 December 2019

175,300

At 31 December 2018

175,300

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

20,000

-

Amounts owed by group undertakings

50

1,219

Other debtors

44,967

-

65,017

1,219

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

3,343

-

Trade creditors

11,428

-

Amounts owed to group undertakings

31,361

-

Other creditors

8,415

2,799

54,547

2,799

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Other creditors

918,199

173,199

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

NIL

Ordinary A

£1

-

380

NIL

Ordinary B

£1

-

380

NIL

Ordinary C

£1

-

80

NIL

Ordinary D

£1

-

80

NIL

Ordinary E

£1

-

80

38,000

A Ordinary

£0.01

380

-

38,000

B Ordinary

£0.01

380

-

8,000

C Ordinary

£0.01

80

-

8,000

D Ordinary

£0.01

80

-

200

F Ordinary

£0.01

2

-

100

G Ordinary

£0.01

1

-

200

H Ordinary

£0.01

2

-

48,000

J Ordinary

£0.01

480

-

1,405

1,000

11.

RESERVES

Capital

Retained

Share

redemption

earnings

premium

reserve

Totals

£

£

£

£

At 1 January 2019

217

-

-

217

Profit for the year

283,410

283,410

Dividends

(283,418

)

(283,418

)

Purchase of own shares

-

-

80

80

Cash share issue

-

53

-

53

At 31 December 2019

209

53

80

342

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

13.	RELATED PARTY DISCLOSURES