2 30/11/2021 2021-11-30 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2020-12-01 Sage Accounts Production 20.0 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 12493105 2020-12-01 2021-11-30 12493105 2021-11-30 12493105 2019-12-01 2020-11-30 12493105 2020-11-30 12493105 bus:Director1 2020-12-01 2021-11-30 12493105 core:LandBuildings core:OwnedOrFreeholdAssets 2021-11-30 12493105 core:WithinOneYear 2021-11-30 12493105 core:WithinOneYear 2020-11-30 12493105 core:AfterOneYear 2021-11-30 12493105 core:AfterOneYear 2020-11-30 12493105 core:ShareCapital 2019-12-01 2020-11-30 12493105 core:RetainedEarningsAccumulatedLosses 2019-12-01 2020-11-30 12493105 core:RetainedEarningsAccumulatedLosses 2020-12-01 2021-11-30 12493105 core:ShareCapital 2021-11-30 12493105 core:ShareCapital 2020-11-30 12493105 core:RetainedEarningsAccumulatedLosses 2021-11-30 12493105 core:RetainedEarningsAccumulatedLosses 2020-11-30 12493105 core:LandBuildings core:OwnedOrFreeholdAssets 2020-11-30 12493105 bus:Director1 2020-11-30 12493105 bus:Director1 2021-11-30 12493105 bus:Director1 2020-11-30 12493105 bus:Director1 2019-12-01 2020-11-30 12493105 bus:SmallEntities 2020-12-01 2021-11-30 12493105 bus:AuditExempt-NoAccountantsReport 2020-12-01 2021-11-30 12493105 bus:FullAccounts 2020-12-01 2021-11-30 12493105 bus:SmallCompaniesRegimeForAccounts 2020-12-01 2021-11-30 12493105 bus:PrivateLimitedCompanyLtd 2020-12-01 2021-11-30
Company registration number: 12493105
Java Residential Limited
Pages for filing with Registrar
30 November 2021
Java Residential Limited
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Java Residential Limited
Statement of financial position
30 November 2021
30/11/21 30/11/20
Note £ £ £ £
Fixed assets
Tangible assets 5 1,208,913 1,208,913
_______ _______
1,208,913 1,208,913
Current assets
Debtors 6 1,938 461
Cash at bank and in hand 49,120 45,818
_______ _______
51,058 46,279
Creditors: amounts falling due
within one year 7 ( 1,206,866) ( 1,222,236)
_______ _______
Net current liabilities ( 1,155,808) ( 1,175,957)
_______ _______
Total assets less current liabilities 53,105 32,956
Creditors: amounts falling due
after more than one year 8 ( 35,833) ( 45,560)
_______ _______
Net assets/(liabilities) 17,272 ( 12,604)
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 17,270 ( 12,606)
_______ _______
Shareholders funds/(deficit) 17,272 ( 12,604)
_______ _______
For the year ending 30 November 2021 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 02 September 2022 , and are signed on behalf of the board by:
Sanjeev Vadhera
Director
Company registration number: 12493105
Java Residential Limited
Statement of changes in equity
Year ended 30 November 2021
Called up share capital Profit and loss account Total
£ £ £
At 1 December 2019 - - -
Profit/(loss) for the year ( 12,606) ( 12,606)
_______ _______ _______
Total comprehensive income for the year - ( 12,606) ( 12,606)
Issue of shares 2 2
_______ _______ _______
Total investments by and distributions to owners 2 - 2
_______ _______ _______
At 30 November 2020 and 1 December 2020 2 ( 12,606) ( 12,604)
Profit/(loss) for the year 29,876 29,876
_______ _______ _______
Total comprehensive income for the year - 29,876 29,876
_______ _______ _______
At 30 November 2021 2 17,270 17,272
_______ _______ _______
Java Residential Limited
Notes to the financial statements
Year ended 30 November 2021
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 103 Jesmond Park West, Newcastle upon Tyne, NE7 7BY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover represents the total value of rental income receivable during the period, net of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Investment property
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company 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.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2020: 2 ).
5. Tangible assets
Freehold property Total
£ £
Cost
At 1 December 2020 and 30 November 2021 1,208,913 1,208,913
_______ _______
Depreciation
At 1 December 2020 and 30 November 2021 - -
_______ _______
Carrying amount
At 30 November 2021 1,208,913 1,208,913
_______ _______
At 30 November 2020 1,208,913 1,208,913
_______ _______
Investment property
Included within the above is investment property measured at fair value as follows:
£
At 1 December 2020 and 30 November 2021 1,208,913
_______
There has been no valuation of investment property by an independent valuer.
6. Debtors
30/11/21 30/11/20
£ £
Trade debtors - 20
Other debtors 1,938 441
_______ _______
1,938 461
_______ _______
7. Creditors: amounts falling due within one year
30/11/21 30/11/20
£ £
Bank loans and overdrafts 10,000 3,932
Corporation tax 4,051 -
Other creditors 1,192,815 1,218,304
_______ _______
1,206,866 1,222,236
_______ _______
8. Creditors: amounts falling due after more than one year
30/11/21 30/11/20
£ £
Bank loans and overdrafts 35,833 45,560
_______ _______
9. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
Year ended 30/11/21
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Sanjeev Vadhera ( 1,204,128) - 45,000 ( 1,159,128)
_______ _______ _______ _______
Period ended 30/11/20
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Sanjeev Vadhera - ( 1,204,128) - ( 1,204,128)
_______ _______ _______ _______
The director's loan is provided interest free and is repayable on demand.