JM Posner Trading Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 10507563 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

JM POSNER TRADING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J M Posner

REGISTERED OFFICE:

19 North Street

Ashford

Kent

TN24 8LF

REGISTERED NUMBER:

10507563 (England and Wales)

ACCOUNTANTS:

Calcutt Matthews WBZ Ltd

19 North Street

Ashford

Kent

TN24 8LF

FIXED ASSETS

Investments

4

63,022

-

CURRENT ASSETS

Debtors

5

55,326

96,363

Cash at bank

81,347

14,626

136,673

110,989

CREDITORS

Amounts falling due within one year

6

84,980

41,868

NET CURRENT ASSETS

51,693

69,121

TOTAL ASSETS LESS CURRENT LIABILITIES

114,715

69,121

CREDITORS

Amounts falling due after more than one year

7

30,000

40,493

NET ASSETS

84,715

28,628

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

84,712

28,625

84,715

28,628

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 6 December 2023 and were signed by:

T Hills - Director

1.	STATUTORY INFORMATION

JM Posner Trading Ltd 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.

Investments in associates

Investments in associate 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

Additions

63,022

At 31 December 2022

63,022

NET BOOK VALUE

At 31 December 2022

63,022

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

17,315

-

Amounts owed by group undertakings

-

93,022

Other debtors

38,011

3,341

55,326

96,363

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Bank loans and overdrafts

10,000

9,507

Trade creditors

30,250

(2,271

)

Taxation and social security

20,208

3,488

Other creditors

24,522

31,144

84,980

41,868

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.22

31.12.21

£

£

Bank loans

30,000

40,493

8.	RELATED PARTY DISCLOSURES

As at the year end date, the director, Mr J Posner had a credit on his directors current account in the sum of £7 (2021: £7). This was an interest free loan to the company and is included in creditors due within one year.

As at the year end date, the company owed £22,000 (2021: £30,123) to JM Posner ltd, a company incorporated in United Kingdom in which J M Posner is a director and shareholder. This is included in other creditors.