2 JAYNE'S LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07006738 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

FOR

2 JAYNE'S LIMITED

Page

Statement of Financial Position

1

to

2

Notes to the Financial Statements

3

to

4

FIXED ASSETS

Investments

4

100,800

100,800

CURRENT ASSETS

Debtors

5

2

2

CREDITORS

Amounts falling due within one year

6

(77,449

)

(82,449

)

NET CURRENT LIABILITIES

(77,447

)

(82,447

)

TOTAL ASSETS LESS CURRENT LIABILITIES

23,353

18,353

CREDITORS

Amounts falling due after more than one year

7

(8,515

)

(8,515

)

NET ASSETS

14,838

9,838

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

14,736

9,736

14,838

9,838

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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 24 May 2022 and were signed on its behalf by:

S Ellershaw - Director

1.	STATUTORY INFORMATION

2 JAYNE'S LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07006738

Registered office:

c/o DPC

Stone House, Stone Road Business Park

Stone Road

Stoke-On-Trent

Staffordshire

ST4 6SR

During the year the principal activity of the company is that of a holding company.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Investments in subsidiaries

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 September 2020

and 31 August 2021

100,800

NET BOOK VALUE

At 31 August 2021

100,800

At 31 August 2020

100,800

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Burnell's Limited

Registered office: C/o DPC, Stone House, Stone Road Business Park, Stone Road, Stoke-On-Trent, Staffordshire, ST4 6SR

Nature of business: Retailing card and gift shop

%

Class of shares:

holding

Ordinary

100.00

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.21

31.8.20

£

£

Other debtors

2

2

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.21

31.8.20

£

£

Amounts owed to group undertakings

77,449

82,449

Amount owed to group undertakings are unsecured, interest free and are repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.21

31.8.20

£

£

Other loans

8,515

8,515

8.	EVENTS AFTER THE END OF THE REPORTING PERIOD

There were no significant events up to the date of approval of the financial statements by the Board.