JACK MASTERSON LTD
JACK MASTERSON LTD
Registered number: 12191098
Unaudited Financial Statements
For The Year Ended
30 September 2021
JACK MASTERSON LTD
Unaudited Financial Statements
For The Year Ended
30 September 2021
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1 |
| Notes to the Financial Statements | 2 |
Page 1
JACK MASTERSON LTD
Balance Sheet
As at
30 September 2021
Balance Sheet
Registered number:
12191098
For the year ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Debtors | 3 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 4 |
( |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
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| NET (LIABILITIES)/ASSETS |
( |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 5 |
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| Profit and Loss Account |
( |
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| SHAREHOLDERS' FUNDS | (1,103) | 15,627 | |||
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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Director
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The notes on page 2 form part of these financial statements.
Page 1
Page 2
JACK MASTERSON LTD
Notes to the Financial Statements
For The Year Ended
30 September 2021
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Going Concern Disclosure
Having formed an opinion at the time of approving these accounts, the Director would like to draw your attention to the fact the company has an accumulated loss of £1,104.00 as at 30th September 2021. It is the intention of the shareholder to continue to support the company financially and ensure the company has adequate resources to continue existing trading policies and the Director has adopted a going concern basis in preparing the accounts.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2020: 1)
3.
Debtors
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Director's loan account | - |
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4.
Creditors: Amounts Falling Due Within One Year
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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| Corporation tax |
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| Other creditors |
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5.
Share Capital
| 2021 | 2020 | ||
|---|---|---|---|
| Allotted, Called up and fully paid |
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6.
Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
| As at
|
Amounts advanced | Amounts repaid | Amounts written off | As at
|
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|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Mr Jack Masterson |
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- |
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The above loan is unsecured, interest free and repayable on demand.
7.
Ultimate Controlling Party
The company's ultimate controlling party is
Mr Jack Masterson
by virtue of his ownership of 100% of the issued share capital in the company.
8.
General Information
JACK MASTERSON LTD
is a private company, limited by shares, incorporated in England & Wales, registered number
12191098
. The registered office is 2 Stamford Square, London, SW15 2BF.
Page 2