Jedfin Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10697481 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

JEDFIN LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

6

DIRECTOR:

K Thomas

SECRETARY:

Z Thomas

REGISTERED OFFICE:

7 Pollicott Close

St Albans

Hertfordshire

AL4 9YL

REGISTERED NUMBER:

10697481 (England and Wales)

ACCOUNTANTS:

LBCA Ltd

1 Waterside

Station Road

Harpenden

Hertfordshire

AL5 4US

FIXED ASSETS

Tangible assets

4

26,857

32,664

Investment property

5

651,879

651,879

678,736

684,543

CURRENT ASSETS

Debtors

6

21,793

28,403

Cash at bank and in hand

5,750

2,505

27,543

30,908

CREDITORS

Amounts falling due within one year

7

497,269

504,633

NET CURRENT LIABILITIES

(469,726

)

(473,725

)

TOTAL ASSETS LESS CURRENT LIABILITIES

209,010

210,818

CREDITORS

Amounts falling due after more than one year

8

(219,600

)

(219,600

)

PROVISIONS FOR LIABILITIES

(941

)

(686

)

NET LIABILITIES

(11,531

)

(9,468

)

CAPITAL AND RESERVES

Called up share capital

20

2

Retained earnings

(11,551

)

(9,470

)

(11,531

)

(9,468

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 8 October 2020 and were signed by:

K Thomas - Director

1.	STATUTORY INFORMATION

Jedfin 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Deferred tax is provided at the rate expected to apply when the property is sold.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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.

Going concern

The accounts have been prepared on a going concern basis on the assumption that the director has agreed not

to seek repayment of amounts owing to them until the company has sufficient funds to do so and undertake to

supply funds to allow the company to meet it's debts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

55,447

Additions

3,145

At 31 March 2020

58,592

DEPRECIATION

At 1 April 2019

22,783

Charge for year

8,952

At 31 March 2020

31,735

NET BOOK VALUE

At 31 March 2020

26,857

At 31 March 2019

32,664

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2019

and 31 March 2020

651,879

NET BOOK VALUE

At 31 March 2020

651,879

At 31 March 2019

651,879

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

3,459

4,571

Other debtors

18,334

23,832

21,793

28,403

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

1,051

-

Taxation and social security

1,138

1,865

Other creditors

495,080

502,768

497,269

504,633

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Other creditors

219,600

219,600

9.	SECURED DEBTS

The following secured debts are included within creditors:

2020

2019

£

£

Commercial Loan

219,600

219,600

Charges registered in July and October 2017 over the property.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is a total of £362,034 owed to the directors and shareholders (2019: £371,866).

11.	RELATED PARTY DISCLOSURES

Included within other creditors is an amount of £106,500 owed to a company with common directors and

shareholders (2019: £107,500).

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and

the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2020 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

LBCA Ltd

1 Waterside

Station Road

Harpenden

Hertfordshire

AL5 4US

8 October 2020