Jaydane Property Finance Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04426495 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2018

for

Jaydane Property Finance Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

P E Barnett

Secretary:

P P Barnett

Registered office:

85 Church Road

Hove

East Sussex

BN3 2BB

Registered number:

04426495 (England and Wales)

Accountants:

Wilson Sandford Limited

Chartered accountants

85 Church Road

Hove

East Sussex

BN3 2BB

Current assets

Cash at bank

26

2

Creditors: amounts falling due within one year

4

7,290

6,406

Net current liabilities

(7,264

)

(6,404

)

Total assets less current liabilities

(7,264

)

(6,404

)

Capital and reserves

Called up share capital

5

100

100

Retained earnings

(7,364

)

(6,504

)

Shareholders' funds

(7,264

)

(6,404

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 20 January 2019 and were signed by:

P E Barnett - Director

1.	Statutory information

Jaydane Property Finance 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Accounting policies

Basis of preparing the financial statements

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

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the

contractual provisions of the instrument. Basic financial instruments are initially recognised at the

transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at

the present value of the future payments discounted at a market rate of interest for a similar debt

instrument.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss

Account, 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 at the reporting date. Unrelieved tax

losses and other deferred tax assets are recognised to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is

measured using the tax rates and laws that have been enacted or substantively enacted by the reporting

date that are expected to apply to the reversal of the timing difference.

Going concern

The company meets its day to day working capital requirements through trading cash inflows and the

continued support of the director. On this basis the director considers it appropriate to prepare the

financial statements on a going concern basis.

3.	Employees and directors

The average number of employees during the year was NIL (2017 - NIL).

4.

Creditors: amounts falling due within one year

2018

2017

£

£

Bank loans and overdrafts

-

13

Other creditors

7,290

6,393

7,290

6,406

5.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

£1

100

100

6.	Related party disclosures

Within creditors is £3,252 (2017 - £2,809) owed to the director, and £3,252 (2017 - £2,809) owed to a

shareholder and spouse of the director.