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REGISTERED NUMBER: 09701921 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

JAS (RESIDENTIAL) LTD

JAS (RESIDENTIAL) LTD (REGISTERED NUMBER: 09701921)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JAS (RESIDENTIAL) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr A Deane





REGISTERED OFFICE: Flat 13
Building 46
Marlborough Road
London
SE18 6TA





REGISTERED NUMBER: 09701921 (England and Wales)





ACCOUNTANTS: Cube Partners Limited
Chartered Accountants
5 Giffard Court
Millbrook Close
Northampton
Northamptonshire
NN5 5JF

JAS (RESIDENTIAL) LTD (REGISTERED NUMBER: 09701921)

BALANCE SHEET
31 MARCH 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,783 2,370
Investment property 5 1,265,961 1,265,961
1,267,744 1,268,331

CURRENT ASSETS
Debtors 6 8,566 10,214
Cash at bank 39,440 26,127
48,006 36,341
CREDITORS
Amounts falling due within one year 7 618,566 615,963
NET CURRENT LIABILITIES (570,560 ) (579,622 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

697,184

688,709

CREDITORS
Amounts falling due after more than one year 8 673,137 673,137
NET ASSETS 24,047 15,572

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 23,947 15,472
SHAREHOLDERS' FUNDS 24,047 15,572

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

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

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 October 2023 and were signed by:





Mr A Deane - Director


JAS (RESIDENTIAL) LTD (REGISTERED NUMBER: 09701921)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Jas (Residential) Ltd 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.

The company was dormant throughout th current and previous year

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

JAS (RESIDENTIAL) LTD (REGISTERED NUMBER: 09701921)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2022
and 31 March 2023 2,931
DEPRECIATION
At 1 April 2022 561
Charge for year 587
At 31 March 2023 1,148
NET BOOK VALUE
At 31 March 2023 1,783
At 31 March 2022 2,370

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 1,265,961
NET BOOK VALUE
At 31 March 2023 1,265,961
At 31 March 2022 1,265,961

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 2,125 4,684
Other debtors 6,441 5,530
8,566 10,214

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade creditors 4,660 2,307
Amounts owed to group undertakings 123,670 113,461
Taxation and social security 2,363 359
Other creditors 487,873 499,836
618,566 615,963

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
as restated
£    £   
Bank loans 673,137 673,137

JAS (RESIDENTIAL) LTD (REGISTERED NUMBER: 09701921)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
as restated
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 673,137 673,137

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
as restated
£    £   
Bank loans 673,137 673,137

There is a mortgage charge dated 11 October 2018 in favour of OneSavings Bank Plc relating to 49 Sherrard Rd, London and one dated 16 January 2019 in favour of OneSavings Bank Plc relating to 269A Markhouse Rd, London. The mortgages are secured on the properties to which they relate.

10. RELATED PARTY DISCLOSURES

During the year the director made loans to the company. At the year end the company owed the director £471,897 (2022 - £473,470). The loan is interest free and repayable on demand.