Registered number
09138524
JAD Investments Limited
Unaudited Filleted Accounts
For The Year Ended
31 July 2023
JAD Investments Limited
Registered number: 09138524
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 715,308 975,363
Current assets
Cash at bank and in hand 266,325 176,337
Creditors: amounts falling due within one year 4 (408,994) (448,100)
Net current liabilities (142,669) (271,763)
Total assets less current liabilities 572,639 703,600
Creditors: amounts falling due after more than one year 5 - (400,000)
Net assets 572,639 303,600
Capital and reserves
Called up share capital 100 100
Profit and loss account 572,539 303,500
Shareholders' funds 572,639 303,600
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jamie Salvadori
Director
Approved by the board on 29 September 2023
JAD Investments Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the gross value of rents receiveable.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings charge 0.5% of cost or valuation per annum
Leasehold land and buildings over the term of the lease
Fixtures, fittings, tools and equipment 25% per annum of the net book value
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 August 2022 974,309 27,294 11,390 1,012,993
Disposals (255,367) - (11,390) (266,757)
At 31 July 2023 718,942 27,294 - 746,236
Depreciation
At 1 August 2022 29,256 4,675 3,699 37,630
Charge for the year 3,595 2,340 1,923 7,858
On disposals (8,938) - (5,622) (14,560)
At 31 July 2023 23,913 7,015 - 30,928
Net book value
At 31 July 2023 695,029 20,279 - 715,308
At 31 July 2022 945,053 22,619 7,691 975,363
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 69,493 7,075
Other creditors 339,501 441,025
408,994 448,100
5 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors - 400,000
6 Controlling party
The directors are of the opinion that there is no controlling party.
7 Other information
JAD Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
53 Wisbech Road
Thorney
Peterborough
PE6 0SA
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