J L F Race Events Ltd 30/11/2020 iXBRL

J L F Race Events Ltd 30/11/2020 iXBRL

J L F RACE EVENTS LTD - Company Information

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0 30/11/2020 2020-11-30 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2019-12-01 Sage Accounts Production 2020 Update 1 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 07441712 2019-12-01 2020-11-30 07441712 2020-11-30 07441712 2019-11-30 07441712 bus:Director1 2019-12-01 2020-11-30 07441712 core:WithinOneYear 2020-11-30 07441712 core:WithinOneYear 2019-11-30 07441712 bus:Director1 2019-11-30 07441712 bus:Director1 2020-11-30 07441712 bus:Director1 2018-11-30 07441712 bus:Director1 2019-11-30 07441712 bus:Director1 2018-12-01 2019-11-30 07441712 bus:Micro-entities 2019-12-01 2020-11-30 07441712 bus:AuditExempt-NoAccountantsReport 2019-12-01 2020-11-30 07441712 bus:FullAccounts 2019-12-01 2020-11-30 07441712 bus:SmallCompaniesRegimeForAccounts 2019-12-01 2020-11-30 07441712 bus:PrivateLimitedCompanyLtd 2019-12-01 2020-11-30
Company registration number: 07441712
J L F Race Events Ltd
Unaudited filleted financial statements
30 November 2020
J L F Race Events Ltd
Contents
Statement of financial position and notes to the financial statements
J L F Race Events Ltd
Statement of financial position
30 November 2020
2020 2019
£ £ £ £
Fixed assets 44,258 80,626
_______ _______
Current assets 1,785 1,731
Prepayments and accrued income 933 600
_______ _______
2,718 2,331
Creditors: amounts falling due within one year ( 937,546) ( 885,046)
_______ _______
Net current liabilities ( 934,828) ( 882,715)
_______ _______
Total assets less current liabilities ( 890,570) ( 802,089)
Accruals and deferred income ( 1,100) ( 1,045)
_______ _______
Net liabilities ( 891,670) ( 803,134)
_______ _______
Capital and reserves ( 891,670) ( 803,134)
_______ _______
Notes to the financial statements
J L F Race Events Ltd
Year ended 30 November 2020
1. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2020
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
K Files ( 885,046) ( 75,500) 23,000 ( 937,546)
_______ _______ _______ _______
2019
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
K Files ( 761,046) ( 137,500) 13,500 ( 885,046)
_______ _______ _______ _______
2. Going concern
The company is dependant on the continuing support of K.E Files, director, and the financial statements have been prepared on the basis of a going concern.
For the year ending 30 November 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts 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 accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 25 June 2021 , and are signed on behalf of the board by:
K Files
Director
Company registration number: 07441712
The company is a private company limited by shares, registered in England. The address of the registered office is Woodruff, Penmans Hill, Chipperfield, Kings Langley, WD4 9DJ.