JETHOU_LIMITED - Accounts

JETHOU LIMITED - Company Information

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Company Registration No. 02989599 (England and Wales)

JETHOU LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2014

JETHOU LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 4

JETHOU LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

1,787

2,102

Investments

18,635

18,675

20,422

20,777

Current assets

Debtors

79,448

Cash at bank and in hand

8,981

131

88,429

131

Creditors: amounts falling due within one year

(13,059)

(73,764)

Net current assets/(liabilities)

75,370

(73,633)

Total assets less current liabilities

95,792

(52,856)

Capital and reserves

Called up share capital

634

Other reserves

610

Profit and loss account

94,548

(54,100)

Shareholders' funds

95,792

(52,856)

For the financial year ended 31 October 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 31 July 2015

Mr C Pollard

Director

Company Registration No. 02989599

JETHOU LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company is a going concern by virtue of the continued financial support of the directors to meet the company's liabilities when they fall due.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services net of VAT.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

15% reducing balance

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

JETHOU LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2014

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 November 2013

21,194

118,866

140,060

Disposals

(40)

At 31 October 2014

21,194

118,826

140,020

Depreciation

At 1 November 2013

19,092

100,191

119,283

Charge for the year

315

At 31 October 2014

19,407

100,191

119,598

Net book value

At 31 October 2014

1,787

18,635

20,422

At 31 October 2013

2,102

18,675

20,777

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

John Griffiths Motorsport Limited

England

Ordinary

50.00

Mercury Garage/Warsop Vale Tyre Services Limited

England

Ordinary

10.00

Participating interests

Songlines Publishing Limited

England

Ordinary

20.00

During the year, Jethou Limited owned 50% of the Ordinary shares in Mercury Garage/Warsop Vale Tyre Services Limited. on 1 March 2014, 40 shares were transferred to J. Griffiths.

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2014

Principal activity

Year End

John Griffiths Motorsport Limited

Motor Racing

31/10/13

(793,508)

(2,340)

Mercury Garage/Warsop Vale Tyre Services Limited

Motor servicing

28/02/14

104,866

3,036

Songlines Publishing Limited

Publishing

30/04/14

(403,892)

(30,225)

JETHOU LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2014

- 4 -

Share capital

2014

2013

Allotted, called up and fully paid

634 Ordinary of £1 each

634