Caseware UK (AP4) 2022.0.179 2022.0.179 2022-03-312022-03-312falsefalse2021-04-01No description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12040579 2021-04-01 2022-03-31 12040579 2020-04-01 2021-03-31 12040579 2022-03-31 12040579 2021-03-31 12040579 c:Director1 2021-04-01 2022-03-31 12040579 d:FreeholdInvestmentProperty 2021-04-01 2022-03-31 12040579 d:FreeholdInvestmentProperty 2022-03-31 12040579 d:FreeholdInvestmentProperty 2 2021-04-01 2022-03-31 12040579 d:CurrentFinancialInstruments 2022-03-31 12040579 d:CurrentFinancialInstruments 2021-03-31 12040579 d:Non-currentFinancialInstruments 2022-03-31 12040579 d:Non-currentFinancialInstruments 2021-03-31 12040579 c:FRS102 2021-04-01 2022-03-31 12040579 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 12040579 c:FullAccounts 2021-04-01 2022-03-31 12040579 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 12040579 d:EntityControlledByKeyManagementPersonnel1 2021-04-01 2022-03-31 12040579 d:EntityControlledByKeyManagementPersonnel1 2020-04-01 2021-03-31 12040579 d:EntityControlledByKeyManagementPersonnel1 2022-03-31 12040579 d:EntityControlledByKeyManagementPersonnel1 2021-03-31 iso4217:GBP xbrli:pure

Registered number: 12040579









JARJAR PROPERTIES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2022

 
JARJAR PROPERTIES LTD
REGISTERED NUMBER: 12040579

BALANCE SHEET
AS AT 31 MARCH 2022

As restated
2022
2021
Note
£
£

  

Fixed assets
 4 
881,000
-

Current assets
 5 
430
176,888

Creditors: amounts falling due within one year
 6 
(248,206)
-

Net current liabilities
  
 
 
(247,776)
 
 
176,888

Creditors: amounts falling due after more than one year
 7 
(677,524)
(176,886)

  

Net (liabilities)/assets
  
(44,300)
2


  

Capital and reserves
  
(44,300)
2

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




L B Wordley
Director

Date: 16 October 2023

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
JARJAR PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1.


General information

JarJar Properties Ltd is a private company, limited by shares, domiciled and incorporated in England and Wales (registered number: 12040579). The registered office address is Grosvenor House, Hawksworth Road, Teleford, TF2 9TU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 2

 
JARJAR PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.6

Financial instruments

Financial assets and financial liabilities are recognised in the Balance Sheet when the Company
becomes a party to the contractual provisions of the instrument.
Trade and other debtors and creditors are classified as basic financial instruments and measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company’s cash management.
Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).

Page 3

 
JARJAR PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
828,938


Revaluation
52,062



At 31 March 2022
881,000









5.


Debtors

2022
As restated 2021
£
£


Amounts owed by group undertakings
2
-

Other debtors
-
176,888

2
176,888



6.


Creditors: Amounts falling due within one year

2022
As restated 2021
£
£

Other creditors
241,661
-

Accruals and deferred income
6,545
-

248,206
-


Page 4

 
JARJAR PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

7.


Creditors: Amounts falling due after more than one year

2022
As restated 2021
£
£

Other loans
677,524
176,886



8.


Prior year adjustment

The comparative figures on the Balance Sheet have been restated for the prior year to recognise a loan taken out by the Company which had not previously been recognised.


9.


Related party transactions

The director maintains a loan account with the Company. During the year, the director made a loan to the Company of £349,352 (as restated 2021 - £176,886 made to the director) and the Company repaid £55,450 (2021 -£Nil) to the director. At the year end, the amount owed to the director by the Company was £117,016 (as restated 2021 - £176,886 owed by the director).


10.


Controlling party

The director do not consider there to be an ultimate controlling party.

 
Page 5