Jonquil Partners Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07209884 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Jonquil Partners Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G A Williams

REGISTERED OFFICE:

47 St Paul Street

London

N1 7DJ

REGISTERED NUMBER:

07209884 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

192

240

192

240

CURRENT ASSETS

Work-in-progress

1,540

1,080

Cash at bank

3,261

5,007

4,801

6,087

CREDITORS

Amounts falling due within one year

6

3,606

3,706

NET CURRENT ASSETS

1,195

2,381

TOTAL ASSETS LESS CURRENT LIABILITIES

1,387

2,621

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

1,384

2,618

SHAREHOLDERS' FUNDS

1,387

2,621

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 9 November 2023 and were signed by:

G A Williams - Director

1.	STATUTORY INFORMATION

Jonquil Partners Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Amortisation & depreciation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Trade Marks - 20% straight line basis

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected economic life as follows:

Fixtures & Fittings - 20% reducing balance basis

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work-in-progress to their present location and condition.

Financial instruments

The Company recognises financial instruments inline with FRS102 Section 12. On acquisition a Financial Instrument is initially recognised at its fair value, which is taken to be the transaction price. At the reporting period end financial instruments are accounted for at fair value through the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2022

and 31 March 2023

806

AMORTISATION

At 1 April 2022

and 31 March 2023

806

NET BOOK VALUE

At 31 March 2023

-

At 31 March 2022

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

and 31 March 2023

2,342

DEPRECIATION

At 1 April 2022

2,102

Charge for year

48

At 31 March 2023

2,150

NET BOOK VALUE

At 31 March 2023

192

At 31 March 2022

240

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Taxation and social security

1,067

1,287

Other creditors

2,539

2,419

3,606

3,706

7.	FINANCIAL INSTRUMENTS

The Company holds an option to acquire shares in The Modern House Ltd. This option was acquired in the year ending 31 March 2021. The Company considered the Fair Market Value of the option contract to be nil at the year ending 31 March 2023.