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 2016

JETHOU LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

JETHOU LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

1,291

1,519

Investments

18,635

19,926

20,154

Current assets

Debtors

47,663

80,111

Cash at bank and in hand

20,080

7,396

67,743

87,507

Creditors: amounts falling due within one year

(7,865)

(8,282)

Net current assets

59,878

79,225

Total assets less current liabilities

79,804

99,379

Capital and reserves

Called up share capital

634

Other reserves

610

Profit and loss account

78,560

98,135

Shareholders' funds

79,804

99,379

For the financial year ended 31 October 2016 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 2017

Mr C Pollard

Director

Company Registration No. 02989599

JETHOU LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

- 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 January 2015).

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.

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 November 2015 & at 31 October 2016

21,194

118,636

139,830

Depreciation

At 1 November 2015

19,675

100,001

119,676

Charge for the year

228

At 31 October 2016

19,903

100,001

119,904

Net book value

At 31 October 2016

1,291

18,635

19,926

At 31 October 2015

1,519

18,635

20,154

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

JETHOU LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2016

Fixed assets

(Continued)

- 3 -

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

2016

Principal activity

Year End

John Griffiths Motorsport Limited

Motor Racing

31/10/15

(797,814)

Share capital

2016

2015

Allotted, called up and fully paid

634 Ordinary of £1 each

634