Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31true2022-02-01falseNo description of principal activity22falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04027826 2022-02-01 2023-01-31 04027826 2021-02-01 2022-01-31 04027826 2023-01-31 04027826 2022-01-31 04027826 c:Director1 2022-02-01 2023-01-31 04027826 c:Director2 2022-02-01 2023-01-31 04027826 c:RegisteredOffice 2022-02-01 2023-01-31 04027826 d:Buildings 2022-02-01 2023-01-31 04027826 d:Buildings 2023-01-31 04027826 d:Buildings 2022-01-31 04027826 d:Buildings d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 04027826 d:FurnitureFittings 2022-02-01 2023-01-31 04027826 d:FurnitureFittings 2023-01-31 04027826 d:FurnitureFittings 2022-01-31 04027826 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 04027826 d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 04027826 d:CurrentFinancialInstruments 2023-01-31 04027826 d:CurrentFinancialInstruments 2022-01-31 04027826 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 04027826 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 04027826 d:ShareCapital 2023-01-31 04027826 d:ShareCapital 2022-01-31 04027826 d:RetainedEarningsAccumulatedLosses 2023-01-31 04027826 d:RetainedEarningsAccumulatedLosses 2022-01-31 04027826 c:FRS102 2022-02-01 2023-01-31 04027826 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 04027826 c:FullAccounts 2022-02-01 2023-01-31 04027826 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 04027826 6 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure
Company registration number: 04027826







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2023


JECTUS PROPERTIES LTD






































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JECTUS PROPERTIES LTD
 


 
COMPANY INFORMATION


Directors
Mrs CJ Leach 
Mr CDS Leach 




Registered number
04027826



Registered office
122 Lower Ham Road

Kingston Upon Thames

Surrey

KT2 5BD




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


JECTUS PROPERTIES LTD
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7


 


JECTUS PROPERTIES LTD
REGISTERED NUMBER:04027826



STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
6,237,910
4,383,880

Investments
 5 
1,090
1,090

  
6,239,000
4,384,970

Current assets
  

Debtors: amounts falling due within one year
 6 
5,091
11,815

Cash at bank and in hand
  
36,343
65,397

  
41,434
77,212

Creditors: amounts falling due within one year
 7 
(5,284,164)
(3,624,960)

Net current liabilities
  
 
 
(5,242,730)
 
 
(3,547,748)

Total assets less current liabilities
  
996,270
837,222

Provisions for liabilities
  

Deferred tax
  
(114,785)
(96,219)

  
 
 
(114,785)
 
 
(96,219)

Net assets
  
881,485
741,003


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
881,385
740,903

  
881,485
741,003


Page 1

 


JECTUS PROPERTIES LTD
REGISTERED NUMBER:04027826


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2023

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 on by: 



Mrs CJ Leach
Director

Date: 20 October 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


JECTUS PROPERTIES LTD
 


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

1.


General information

Jectus Properties Ltd is a private company limited by shares incorporated in England and Wales. The address of the registered office and trading address are provided in the company information page of these financial statements.

The financial statements are presented in sterling which is the functional currency of the company and rounded to
the nearest £.

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

The revenue shown in the Statement of Income and Retained Earnings represents rent receivable from the investment property held exclusive of value added tax.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 3

 


JECTUS PROPERTIES LTD
 


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

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Investment property

Investment property is carried at fair value determined annually by the directors 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 the Statement of Income and Retained Earnings.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.7

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of Income and Retained Earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.



Page 4

 


JECTUS PROPERTIES LTD
 


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

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial
assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans
to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other
accounts receivable and payable, are initially measured at present value of the future cash flows and
subsequently at amortised cost using the effective interest method. Debt instruments that are payable or
receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at
the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the
arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt
deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the
financial asset or liability is measured, initially at the present value of future cash flows discounted at a market
rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan
from a director in the case of a small company, or a public benefit entity concessionary loan.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting
period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is
recognised in the Statement of income and retained earnings.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 -2).

Page 5

 


JECTUS PROPERTIES LTD
 


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

4.


Tangible fixed assets





Investment property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 February 2022
4,380,000
22,518
4,402,518


Additions
1,780,733
-
1,780,733


Revaluations
74,267
-
74,267



At 31 January 2023

6,235,000
22,518
6,257,518



Depreciation


At 1 February 2022
-
18,638
18,638


Charge for the year on owned assets
-
970
970



At 31 January 2023

-
19,608
19,608



Net book value



At 31 January 2023
6,235,000
2,910
6,237,910



At 31 January 2022
4,380,000
3,880
4,383,880

The company's investment properties were valued by the directors at estimated market value at 31 January 2023.


5.


Fixed asset investments





Unlisted investments
Loans to associates
Total

£
£
£



Cost or valuation


At 1 February 2022
1
1,089
1,090



At 31 January 2023
1
1,089
1,090




Page 6

 


JECTUS PROPERTIES LTD
 


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

6.


Debtors

2023
2022
£
£


Other debtors
1,058
244

Prepayments and accrued income
4,033
11,571

5,091
11,815



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
5,243,835
3,592,185

Trade creditors
265
-

Corporation tax
20,115
19,045

Other creditors
10,200
6,450

Accruals and deferred income
9,749
7,280

5,284,164
3,624,960



8.


Related party transactions

The shareholders provided an interest free loan of £5,243,835 (2022: £3,592,185).

 
Page 7