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JALISCO (BRIXTON) LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022






JALISCO (BRIXTON) LIMITED (REGISTERED NUMBER: 08762927)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JALISCO (BRIXTON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2022







DIRECTOR: W A Porras Castellanos





REGISTERED OFFICE: 2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ





REGISTERED NUMBER: 08762927 (England and Wales)





ACCOUNTANTS: Halsey & Co (Accountants) Ltd.
Chartered Certified Accountants
Registered Auditors
2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ

JALISCO (BRIXTON) LIMITED (REGISTERED NUMBER: 08762927)

BALANCE SHEET
31ST DECEMBER 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 29,044 4,668

CURRENT ASSETS
Stocks 3,000 2,500
Debtors 6 10,955 4,559
Cash at bank and in hand 28 25,272
13,983 32,331
CREDITORS
Amounts falling due within one year 7 158,108 63,933
NET CURRENT LIABILITIES (144,125 ) (31,602 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(115,081

)

(26,934

)

CREDITORS
Amounts falling due after more than one
year

8

(53,129

)

(34,637

)

PROVISIONS FOR LIABILITIES (903 ) (887 )
NET LIABILITIES (169,113 ) (62,458 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (169,114 ) (62,459 )
SHAREHOLDERS' FUNDS (169,113 ) (62,458 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2022 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.

JALISCO (BRIXTON) LIMITED (REGISTERED NUMBER: 08762927)

BALANCE SHEET - continued
31ST DECEMBER 2022


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 director and authorised for issue on 30th September 2023 and were signed by:





W A Porras Castellanos - Director


JALISCO (BRIXTON) LIMITED (REGISTERED NUMBER: 08762927)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2022

1. STATUTORY INFORMATION

Jalisco (Brixton) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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.
Improvements to property - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

JALISCO (BRIXTON) LIMITED (REGISTERED NUMBER: 08762927)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2022

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2021 - 16 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1st January 2022 - 24,488 - 24,488
Additions 26,992 - 1,667 28,659
At 31st December 2022 26,992 24,488 1,667 53,147
DEPRECIATION
At 1st January 2022 - 19,820 - 19,820
Charge for year 2,699 1,167 417 4,283
At 31st December 2022 2,699 20,987 417 24,103
NET BOOK VALUE
At 31st December 2022 24,293 3,501 1,250 29,044
At 31st December 2021 - 4,668 - 4,668

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Amounts owed by group undertakings - 1,998
Other debtors 2,269 2,269
Directors' current accounts 6,276 -
Tax 2,410 292
10,955 4,559

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 58,291 24,750
Trade creditors 66 1,311
Amounts owed to group undertakings 43,443 15,400
Tax 2,118 -
Social security and other taxes 16,598 12,386
VAT 39,166 9,755
Other creditors (3,128 ) (4,255 )
NatWest Credit Card 1,554 2,767
Directors' current accounts - 1,819
158,108 63,933

JALISCO (BRIXTON) LIMITED (REGISTERED NUMBER: 08762927)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Bank loans - 1-2 years 27,457 10,648
Bank loans - 2-5 years 25,672 23,989
53,129 34,637

9. RELATED PARTY DISCLOSURES

At the balance sheet date, W Parros Castellanos, the director and shareholder of the company, owed the company £6,276 (2021 - the company owed W Parros Castellanos £1,819). The amount is interest free and repayable on demand.

At the balance sheet date, the company owed £19,741 (2021 - £15,400) to Castellanos Enterprises Ltd, a company under the common control of the director. The amount is interest free and repayable on demand.

At the balance sheet date, the company owed £23,702 to Lovegrub Enterprises Ltd, a company under the common control of the director (2021 - Lovegrub Enterprises Ltd owed the company £1,998). The amount is interest free and repayable on demand.