JNAC HOLDING LTD - Accounts

JNAC HOLDING LTD - Accounts

JNAC HOLDING LTD - Company Information

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Registered Number: 11758221
England and Wales

 

 

 

JNAC HOLDING LTD


Abridged Accounts
 


Period of accounts

Start date: 09 January 2019

End date: 31 March 2020

JNAC HOLDING LTD
Contents Page
For the period ended 31 March 2020
Accountants report
You consider that the company is exempt from an audit for the year ended 31 March 2020 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.




....................................................
66 PAH
8 Hill Street
London
W1J 5NG
07 January 2021
1
 
 		 Notes
 		 2020
£
Fixed assets    
Investments 2 213,103 
213,103 
Current assets    
Cash at bank and in hand 5,387 
Creditors: amount falling due within one year (5,657)
Net current assets (270)
 
Total assets less current liabilities 212,833 
Creditors: amount falling due after more than one year (298,614)
Net assets (85,781)
 

Capital and reserves 		   
Called up share capital 3 1 
Profit and loss account (85,782)
Shareholders funds (85,781)
 


For the period ended 31 March 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with Section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 07 January 2021 and were signed by:


--------------------------------
Jonathan COENCA
Director
2
General Information
JNAC HOLDING LTD is a private company, limited by shares , registered in England and Wales , registration number 11758221 , registration address 22 Gilbert Street, London, W1K 5EJ.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Reporting period
These financial statements are presented for the period from 9th January 2019 to 31st March
2020. Since this is the first reporting period, there is no comparable financial statements.
Going concern basis
As at the date of signing these accounts, the Company has not been impacted by the effects of
the COVID-19 pandemic. Due to the current and forecasted high demand for light industrial unit, the Director does not expect to be significantly impacted in the near future, however the Members of TLM Purfleet LLP, the Partnership that generates cash for the Company, have made plans to carry higher reserves than usual.
Turnover
For the period under review, there was no turnover.
Fixed asset investments
Investments are stated at cost less provision for any permanent diminution in value.
At the period end, the Company had a 10.82% interest in TLM Master LLP. A share of its losses for the period has been attributed to the Company in line with its interest. The losses are deducted from investments made by way of loan to TLM Master LLP.
Financial instrument
The Company has elected to apply the provisions of Section 11 Basic Financial Instruments and
Section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments. 
Financial instruments are recognised in the Company's statement of financial position when the
Company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not  amortised. 

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and
preference shares that are classified as debt, are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. 

Trade creditors are obligations to pay for goods or services that have been acquired in the
ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.
2.

Investments

Cost Other investments other than loans   Total
  £   £
At 09 January 2019 -    - 
Additions 293,224    293,224 
Disposals -    - 
Revaluations (80,121)   (80,121)
At 31 March 2020 213,103    213,103 

3.

Share Capital

Allotted, called up and fully paid
2020
£
1 Ordinary Class share of £1.00 each 1 
1 

4.

Directors' Emoluments

 

5.

Average number of employees

Average number of employees during the period was 1
3