Judy Joo Limited - Accounts to registrar (filleted) - small 18.2
Judy Joo Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020 |
| FOR |
| JUDY JOO LIMITED |
| JUDY JOO LIMITED (REGISTERED NUMBER: 07214447) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST DECEMBER 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| JUDY JOO LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST DECEMBER 2020 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| JUDY JOO LIMITED (REGISTERED NUMBER: 07214447) |
| BALANCE SHEET |
| 31ST DECEMBER 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | 7 | ( |
) | ( |
) |
| ( |
) | ( |
) |
| The director acknowledges her 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| JUDY JOO LIMITED (REGISTERED NUMBER: 07214447) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST DECEMBER 2020 |
| 1. | STATUTORY INFORMATION |
| Judy Joo Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| At the year end, the company's balance sheet showed net current liabilities of £.887,252 (2019: £777,752) and net liabilities of £886,535. (2019: £776,856). These financial statements have been prepared on a going concern basis which the directors believe to be appropriate for the following reasons: |
| - The company has received assurance from its ultimate controller that she will continue to provide financial and other supports to meet its liabilities as they fall due for at least next twelve months from the date of signing these financial statements. Included in other creditors is a loan balance of £868,496 (2019: £761,672) which is owed to her by the Company. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| JUDY JOO LIMITED (REGISTERED NUMBER: 07214447) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST DECEMBER 2020 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1st January 2020 |
| and 31st December 2020 |
| DEPRECIATION |
| At 1st January 2020 |
| Charge for year |
| At 31st December 2020 |
| NET BOOK VALUE |
| At 31st December 2020 |
| At 31st December 2019 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1st January 2020 |
| and 31st December 2020 |
| NET BOOK VALUE |
| At 31st December 2020 |
| At 31st December 2019 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Other creditors |
| 7. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1st January 2020 | ( |
) |
| Deficit for the year | ( |
) |
| At 31st December 2020 | ( |
) |
| 8. | RELATED PARTY DISCLOSURES |
| Included within creditors is a balance of £868,496. (2019: £761,672) due to Ms J Joo, the company's sole director and shareholder. This amount is unsecured, interest free and repayable on demand. |