Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31falsetrue2022-01-01property investment44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00809806 2022-01-01 2022-12-31 00809806 2021-01-01 2021-12-31 00809806 2022-12-31 00809806 2021-12-31 00809806 2021-01-01 00809806 c:Director1 2022-01-01 2022-12-31 00809806 d:PlantMachinery 2022-01-01 2022-12-31 00809806 d:PlantMachinery 2022-12-31 00809806 d:PlantMachinery 2021-12-31 00809806 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 00809806 d:MotorVehicles 2022-01-01 2022-12-31 00809806 d:MotorVehicles 2022-12-31 00809806 d:MotorVehicles 2021-12-31 00809806 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 00809806 d:FurnitureFittings 2022-01-01 2022-12-31 00809806 d:FurnitureFittings 2022-12-31 00809806 d:FurnitureFittings 2021-12-31 00809806 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 00809806 d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 00809806 d:LeaseholdInvestmentProperty 2022-12-31 00809806 d:LeaseholdInvestmentProperty 2021-12-31 00809806 d:CurrentFinancialInstruments 2022-12-31 00809806 d:CurrentFinancialInstruments 2021-12-31 00809806 d:Non-currentFinancialInstruments 2022-12-31 00809806 d:Non-currentFinancialInstruments 2021-12-31 00809806 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 00809806 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 00809806 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 00809806 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 00809806 d:ShareCapital 2022-12-31 00809806 d:ShareCapital 2021-12-31 00809806 d:SharePremium 2022-12-31 00809806 d:SharePremium 2021-12-31 00809806 d:CapitalRedemptionReserve 2022-12-31 00809806 d:CapitalRedemptionReserve 2021-12-31 00809806 d:RevaluationReserve 2022-12-31 00809806 d:RevaluationReserve 2021-12-31 00809806 d:RetainedEarningsAccumulatedLosses 2022-12-31 00809806 d:RetainedEarningsAccumulatedLosses 2021-12-31 00809806 c:OrdinaryShareClass1 2022-01-01 2022-12-31 00809806 c:OrdinaryShareClass1 2022-12-31 00809806 c:FRS102 2022-01-01 2022-12-31 00809806 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 00809806 c:FullAccounts 2022-01-01 2022-12-31 00809806 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 00809806 d:OtherDeferredTax 2022-12-31 00809806 d:OtherDeferredTax 2021-12-31 00809806 2 2022-01-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 00809806














 
 
 
 
 
 
 
JACMEN (INVESTMENTS) LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

 
JACMEN (INVESTMENTS) LIMITED
 
 

CONTENTS



Page
Statement of financial position
 
1 - 2
Notes to the financial statements
 
3 - 8

 
JACMEN (INVESTMENTS) LIMITED
  
REGISTERED NUMBER:00809806

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
62,139
1,468

Investment property
 5 
9,582,300
9,582,300

  
9,644,439
9,583,768

Current assets
  

Debtors
 6 
350,944
345,231

Cash at bank and in hand
  
284,838
163,798

  
635,782
509,029

Current liabilities
  

creditors: amounts falling due after more than one year
 7 
(1,468,938)
(1,494,816)

Total assets less current liabilities
  
 
 
8,811,283
 
 
8,597,981

Creditors: amounts falling due after more than one year
 8 
(1,521,676)
(1,521,677)

  
7,289,607
7,076,304

Provisions for liabilities
  

Deferred tax
 9 
(1,051,163)
(798,883)

Net assets
  
6,238,444
6,277,421


Capital and reserves
  

Called up share capital 
 10 
1,000
1,000

Share premium account
  
9,000
9,000

Revaluation reserve
  
4,675,903
4,928,191

Capital redemption reserve
  
2,557
2,557

Profit and loss account
  
1,549,984
1,336,673

  
6,238,444
6,277,421

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Page 1

 
JACMEN (INVESTMENTS) LIMITED
  
REGISTERED NUMBER:00809806
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2022

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 September 2023.




G Levy
Director

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
JACMEN (INVESTMENTS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Jacmen (Investments) Limited is a limited liability company registered in England and Wales. Its registered office address is at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire WD6 1JD and its principal place of business is at 21 Holly Park Gardens, London, N3 3NG.
The principal activity of the company during the year was that of property investment.
The company's functional and presentational currency is £ sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of rent, consultancy and management fees receivable during the year.
Rental income from investment properties is recognised on a straight-line basis over the rental
agreement term.
Management fees income is recognised when the services are rendered.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 3

 
JACMEN (INVESTMENTS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis:

Plant & machinery
-
25%
straight line
Motor vehicles
-
25%
Reducing Balance
Furniture, fittings and equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

 
2.4

Investment property

Investment properties are included in the Statement of Financial Position at their open market value determined annually by the directors or external valuers and derived from the current market rents and investment property yields for comparable real estate. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income.

 
2.5

Basic financial instruments

The company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash and cash equivalents, and loans to or from related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Interest bearing borrowings, such as bank loans, classified as basic financial instruments are recognised initially at the present value of future payments discounted at a market rate of interest. Thereafter they are stated at amortised cost using the effective interest method.
Cash and cash equivalents comprise cash balances and call deposits. Bank overdrafts that are repayable on demand form an integral part of the company's cash management.

 
2.6

Government grants

Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.7

Finance costs

Finance costs are charged to the Statement of Comprehensive Income using the effective interest rate set by the finance provider in the loan agreement.

Page 4

 
JACMEN (INVESTMENTS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.8

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.9

Current and deferred taxation

Tax is recognised in the Statement of Comprehensive Income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date in the countries where the company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:
 - The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
 - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2021 - 4).

Page 5

 
JACMEN (INVESTMENTS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Furniture, fittings and equipment
Total

£
£
£
£



Cost


At 1 January 2022
1,776
-
10,597
12,373


Additions
-
70,660
-
70,660



At 31 December 2022

1,776
70,660
10,597
83,033



Depreciation


At 1 January 2022
308
-
10,597
10,905


Charge for the year on owned assets
444
9,545
-
9,989



At 31 December 2022

752
9,545
10,597
20,894



Net book value



At 31 December 2022
1,024
61,115
-
62,139



At 31 December 2021
1,468
-
-
1,468


5.


Investment property


Long term leasehold investment property

£



Valuation


At 1 January 2022
9,582,300



At 31 December 2022
9,582,300

The 2022 valuations were made by the directors, on an open market value for existing use basis.




Page 6

 
JACMEN (INVESTMENTS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

6.


Debtors


2022
2021
£
£

Due after more than one year

Other debtors
1,008
1,375

Due within one year

Other debtors
316,567
316,567

Prepayments and accrued income
33,369
27,289

350,944
345,231



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Other taxation and social security
38,322
25,116

Other creditors
1,379,558
1,426,269

Accruals and deferred income
51,058
43,431

1,468,938
1,494,816



8.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
1,521,676
1,521,677


The bank loan is secured by a charge over the property of the company.

Page 7

 
JACMEN (INVESTMENTS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

9.


Deferred taxation




2022
2021


£

£






At beginning of year
798,883
515,497


Charged to profit or loss
252,279
283,386



At end of year
1,051,162
798,883

The provision for deferred taxation is made up as follows:

2022
2021
£
£


Fair value gain on investment property
1,051,162
798,883


10.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



1,000 Ordinary shares of £1 each
1,000
1,000



11.


Pension commitments

The Company contributes to a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £774 (2021 - £855). At the statement of financial position date the company owed £26 ( 2021 - £26) to the pension fund.


12.Directors' personal guarantees

G Levy and U Levy, the directors of the company, have provided an unlimited personal guarantee in respect of the company's bank facilities.

 
Page 8