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REGISTERED NUMBER: 05903419 (England and Wales)











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: J M Kushnick
Dr D M Vazquez





Secretary: J M Kushnick





Registered office: 5 Lynton Road
Heaton Moor
Stockport
Cheshire
SK4 4RQ





Registered number: 05903419 (England and Wales)





Accountants: Warr & Co Limited
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 4 492 661
Investment property 5 1,870,000 1,870,000
1,870,492 1,870,661

Current assets
Debtors 6 477 454
Cash at bank 3,699 4,507
4,176 4,961
Creditors
Amounts falling due within one year 7 (666,428 ) (651,711 )
Net current liabilities (662,252 ) (646,750 )
Total assets less current liabilities 1,208,240 1,223,911

Creditors
Amounts falling due after more than one
year

8

(604,316

)

(643,101

)

Provisions for liabilities 10 (28,969 ) (28,969 )
Net assets 574,955 551,841

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 11 100 100
Fair value reserve 12 316,524 316,524
Retained earnings 258,331 235,217
Shareholders' funds 574,955 551,841

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 5 October 2023 and were signed on its behalf by:





J M Kushnick - Director


Jelia Limited (Registered number: 05903419)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. Statutory information

Jelia 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.

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 is measured at the fair value of the consideration received or receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Furnishings & equipment - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 1 (2022 - 1 ) .

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 8,146 1,259 9,405
Depreciation
At 1 September 2022 8,119 625 8,744
Charge for year 11 158 169
At 31 August 2023 8,130 783 8,913
Net book value
At 31 August 2023 16 476 492
At 31 August 2022 27 634 661

5. Investment property
Total
£   
Fair value
At 1 September 2022
and 31 August 2023 1,870,000
Net book value
At 31 August 2023 1,870,000
At 31 August 2022 1,870,000

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 477 454

7. Creditors: amounts falling due within one year
31.8.23 31.8.22
£    £   
Mortgage loan 30,954 30,954
Corporation tax 5,462 6,805
Directors' current accounts 628,902 612,902
Accruals and deferred income 1,110 1,050
666,428 651,711

8. Creditors: amounts falling due after more than one year
31.8.23 31.8.22
£    £   
Mortgage loan repayable
between one and five years 137,208 137,208
Mortgage loan repayable after
more than five years 467,108 505,893
604,316 643,101

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 28,969
Balance at 31 August 2023 28,969

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
100 Ordinary £1 100 100

12. Reserves
Fair
value
reserve
£   
At 1 September 2022
and 31 August 2023 316,524