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REGISTERED NUMBER: 04281790 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2023

for

JUAN LIMITED

JUAN LIMITED (REGISTERED NUMBER: 04281790)






Contents of the Financial Statements
for the year ended 31 JANUARY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JUAN LIMITED

Company Information
for the year ended 31 JANUARY 2023







DIRECTORS: Mr A Michaelides
J.M. O'Keefe





SECRETARY: J.M. O'Keefe





REGISTERED OFFICE: Global House
303 Ballards Lane
London
N12 8NP





REGISTERED NUMBER: 04281790 (England and Wales)





ACCOUNTANTS: K J Pittalis and Partners LLP
Chartered Certified Accountants
Global House
303 Ballards Lane
London
N12 8NP

JUAN LIMITED (REGISTERED NUMBER: 04281790)

Statement of Financial Position
31 JANUARY 2023

31/1/23 31/1/22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 900,000 900,000

CURRENT ASSETS
Cash at bank 33 90

CREDITORS
Amounts falling due within one year 5 60,067 52,356
NET CURRENT LIABILITIES (60,034 ) (52,266 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

839,966

847,734

CREDITORS
Amounts falling due after more than one
year

6

(618,643

)

(653,489

)

PROVISIONS FOR LIABILITIES (16,242 ) (12,344 )
NET ASSETS 205,081 181,901

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 52,624 52,624
Retained earnings 152,357 129,177
SHAREHOLDERS' FUNDS 205,081 181,901

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

JUAN LIMITED (REGISTERED NUMBER: 04281790)

Statement of Financial Position - continued
31 JANUARY 2023


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 Board of Directors and authorised for issue on 10 August 2023 and were signed on its behalf by:





Mr A Michaelides - Director


JUAN LIMITED (REGISTERED NUMBER: 04281790)

Notes to the Financial Statements
for the year ended 31 JANUARY 2023

1. STATUTORY INFORMATION

Juan Limited 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 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable from the investment properties owned by company. Rents are recognised up to the year end date.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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 statement of financial position 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.

Cash and cash equivalent
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

JUAN LIMITED (REGISTERED NUMBER: 04281790)

Notes to the Financial Statements - continued
for the year ended 31 JANUARY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022
and 31 January 2023 900,000
NET BOOK VALUE
At 31 January 2023 900,000
At 31 January 2022 900,000

Investment properties are revalued annually at their open market value in accordance with FRSSE (effective April 2008). The surplus or deficit on revaluation is transferred to a revaluation reserve except where the deficit reduces the property below its historical cost, in which case it is taken to the profit and loss account.

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2016 64,968
Valuation in 2022 835,032
900,000

If the investment property had not been revalued it would have been included at the following historical cost:

31/1/23 31/1/22
£    £   
Cost 835,032 835,032

The investment property was valued on and open market basis basis on 31 January 2023 by the company directors .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Bank loans and overdrafts 34,100 33,353
Taxation and social security 4,554 856
Other creditors 21,413 18,147
60,067 52,356

JUAN LIMITED (REGISTERED NUMBER: 04281790)

Notes to the Financial Statements - continued
for the year ended 31 JANUARY 2023

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/23 31/1/22
£    £   
Bank loans 171,155 206,001
Amounts owed to group undertakings 447,488 447,488
618,643 653,489

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instalments 102,955 139,295

7. SECURED DEBTS

The bank loan is secured by the way of legal charge over the company's investment property.

8. RELATED PARTY DISCLOSURES

At the year end the company owes £14,547 (2022 - £14,547) to its directors.

The company continued receiving rent from The Hotel Boutique Limited for the use of the investment property .It amounted to £45,080 (2022 - £43,200) for the period.

The Hotel Boutique Limited is a related party by virtue of being controlled by Lola O'Keefe, daughter of Julie O'Keefe, director.


The amount shown in other creditors of £8,728 (2022 - £8,728) is owed to The Hotel Group Limited, Hotel Boutique Limited £76,760 (2022 - £74,960) and A A.Michaelides (Brook Green) Limited of £362,000 (2022 - £362,000) . All companies are under the common control of the directors/shareholders.

9. ULTIMATE CONTROLLING PARTY

The company is under control of the directors who are also the shareholders.