REGISTERED NUMBER: |
Jelia Limited |
Unaudited Financial Statements |
for the Year Ended 31 August 2023 |
REGISTERED NUMBER: |
Jelia Limited |
Unaudited Financial Statements |
for the Year Ended 31 August 2023 |
Jelia Limited (Registered number: 05903419) |
Contents of the Financial Statements |
for the Year Ended 31 August 2023 |
Page |
Company information | 1 |
Balance sheet | 2 |
Notes to the financial statements | 4 |
Jelia Limited |
Company Information |
for the Year Ended 31 August 2023 |
Directors: |
Secretary: |
Registered office: |
Registered number: |
Accountants: |
Chartered Accountants |
Mynshull House |
78 Churchgate |
Stockport |
Cheshire |
SK1 1YJ |
Jelia Limited (Registered number: 05903419) |
Balance Sheet |
31 August 2023 |
31.8.23 | 31.8.22 |
Notes | £ | £ |
Fixed assets |
Tangible assets | 4 |
Investment property | 5 |
Current assets |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
Provisions for liabilities | 10 | ( |
) | ( |
) |
Net assets |
Jelia Limited (Registered number: 05903419) |
Balance Sheet - continued |
31 August 2023 |
31.8.23 | 31.8.22 |
Notes | £ | £ |
Capital and reserves |
Called up share capital | 11 |
Fair value reserve | 12 |
Retained earnings |
Shareholders' funds |
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. |
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 |
Jelia Limited (Registered number: 05903419) |
Notes to the Financial Statements |
for the Year Ended 31 August 2023 |
1. | Statutory information |
Jelia Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax. |
Tangible fixed assets |
Furnishings & equipment | - |
Computer equipment | - |
Investment property |
Investment properties are initially measured at cost and subsequently measured at fair value. Changes in fair value are recognised in profit or loss. |
The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102. The directors consider that, because investment properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view. |
If this departure from the Companies Act 2006 had not been made in order to give a true and fair view, the profit for the financial year would have been reduced by depreciation. However the amount of depreciation cannot reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and the amount relating to the depreciation of the property cannot be separately identified. |
3. | Employees and directors |
The average number of employees during the year was |
Jelia Limited (Registered number: 05903419) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2023 |
4. | Tangible fixed assets |
Furnishings | Computer |
& equipment | equipment | Totals |
£ | £ | £ |
Cost |
At 1 September 2022 |
and 31 August 2023 |
Depreciation |
At 1 September 2022 |
Charge for year |
At 31 August 2023 |
Net book value |
At 31 August 2023 |
At 31 August 2022 |
5. | Investment property |
Total |
£ |
Fair value |
At 1 September 2022 |
and 31 August 2023 |
Net book value |
At 31 August 2023 |
At 31 August 2022 |
Fair value at 31 August 2023 is represented by: |
£ |
Valuation in 2023 | 1,870,000 |
If investment property had not been revalued it would have been included at the following historical cost: |
31.8.23 | 31.8.22 |
£ | £ |
Cost | 1,527,507 | 1,527,507 |
Investment property was valued on an open market basis on 31 August 2023 by the directors . |
Jelia Limited (Registered number: 05903419) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2023 |
6. | Debtors: amounts falling due within one year |
31.8.23 | 31.8.22 |
£ | £ |
Prepayments |
7. | Creditors: amounts falling due within one year |
31.8.23 | 31.8.22 |
£ | £ |
Mortgage loan |
Corporation tax |
Directors' current accounts | 628,902 | 612,902 |
Accruals and deferred income |
8. | Creditors: amounts falling due after more than one year |
31.8.23 | 31.8.22 |
£ | £ |
Mortgage loan repayable |
between one and five years |
Mortgage loan repayable after |
more than five years |
Amounts falling due in more than five years: |
Repayable by instalments |
Mortgage loan repayable after |
more than five years | 467,108 | 505,893 |
467,108 | 505,893 |
9. | Secured debts |
The following secured debts are included within creditors: |
31.8.23 | 31.8.22 |
£ | £ |
Mortgage loan | 635,270 | 674,055 |
The loans are secured by a charge on the company's assets. |
Jelia Limited (Registered number: 05903419) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2023 |
10. | Provisions for liabilities |
31.8.23 | 31.8.22 |
£ | £ |
Deferred tax | 28,969 | 28,969 |
Deferred |
tax |
£ |
Balance at 1 September 2022 |
Balance at 31 August 2023 |
11. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.8.23 | 31.8.22 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
12. | Reserves |
Fair |
value |
reserve |
£ |
At 1 September 2022 |
and 31 August 2023 |