Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-282022-03-01falsefalseletting of an investment property22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12468839 2022-03-01 2023-02-28 12468839 2021-03-01 2022-02-28 12468839 2023-02-28 12468839 2022-02-28 12468839 2021-03-01 12468839 c:Director1 2022-03-01 2023-02-28 12468839 d:FreeholdInvestmentProperty 2023-02-28 12468839 d:FreeholdInvestmentProperty 2022-02-28 12468839 d:CurrentFinancialInstruments 2023-02-28 12468839 d:CurrentFinancialInstruments 2022-02-28 12468839 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 12468839 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 12468839 d:ShareCapital 2023-02-28 12468839 d:ShareCapital 2022-02-28 12468839 d:RevaluationReserve 2023-02-28 12468839 d:RevaluationReserve 2022-02-28 12468839 d:RetainedEarningsAccumulatedLosses 2023-02-28 12468839 d:RetainedEarningsAccumulatedLosses 2022-02-28 12468839 d:OtherDeferredTax 2023-02-28 12468839 d:OtherDeferredTax 2022-02-28 12468839 c:OrdinaryShareClass1 2022-03-01 2023-02-28 12468839 c:OrdinaryShareClass1 2023-02-28 12468839 c:FRS102 2022-03-01 2023-02-28 12468839 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 12468839 c:FullAccounts 2022-03-01 2023-02-28 12468839 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 12468839














JADEBRICKS LONDON LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

 
JADEBRICKS LONDON LIMITED
 

CONTENTS



Page
Statement of financial position
 
1 - 2
Notes to the financial statements
 
3 - 6


 
JADEBRICKS LONDON LIMITED
REGISTERED NUMBER:12468839

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
  
2,200,000
2,200,000

Current assets
  

Debtors: amounts falling due within one year
 5 
192,207
29,663

Cash at bank and in hand
  
209,190
96,819

  
401,397
126,482

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(2,433,952)
(2,217,185)

Net current liabilities
  
 
 
(2,032,555)
 
 
(2,090,703)

Total assets less current liabilities
  
167,445
109,297

Provisions for liabilities
  

Deferred tax
 7 
(10,614)
(8,065)

  
 
 
(10,614)
 
 
(8,065)

Net assets
  
156,831
101,232


Capital and reserves
  

Called up share capital 
 8 
2
2

Revaluation reserve
  
31,842
34,391

Profit and loss account
  
124,987
66,839

  
156,831
101,232


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.
 
Page 1

 
JADEBRICKS LONDON LIMITED
REGISTERED NUMBER:12468839
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2023


The Company has opted not to file the statement of comprehensive income 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 on 29 August 2023.


S Bagherzadeh
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
JADEBRICKS LONDON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Jadebricks London Limited is a limited company registered in England and Wales. Its registered office is 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the company during the year was the letting of an investment property. 
The company's functional and presentational currency is £ Sterling. 

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.

 
2.2

Going concern

At the reporting date the company has net current liabilities. The controlling party has confirmed that he has the ability and will continue to provide financial support to the company so that it will be able to carry on trading and meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. Therefore the accounts have been prepared under going concern basis.

 
2.3

Turnover

Turnover comprises of revenue recognised by the company in respect of rent receivable.
Rent is recognised in the period in which the properties are occupied. 

 
2.4

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.

 
2.5

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 profit or loss.

 
2.6

Basic financial instruments

The company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans with related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Cash and cash equivalents comprise cash balances and call deposits. 
Page 3

 
JADEBRICKS LONDON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.7

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.


3.


Employees

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


4.


Investment property


Freehold investment property

£



Valuation


At 1 March 2022
2,200,000



At 28 February 2023
2,200,000

The 2023 valuations were made by the directors, on an open market value for existing use basis.






Page 4

 
JADEBRICKS LONDON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
2,953
2,953

Other debtors
628
-

Prepayments and accrued income
188,626
26,710

192,207
29,663



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
23,968
-

Amounts owed to group undertakings
2,384,066
2,184,066

Taxation
15,288
15,777

Other creditors
3,497
3,496

Accruals and deferred income
7,133
13,846

2,433,952
2,217,185



7.


Deferred taxation




2023
2022


£

£






At beginning of year
(8,065)
-


Charged to profit or loss
(2,549)
(8,065)



At end of year
(10,614)
(8,065)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Fair value gain on investment property
10,614
8,065

Page 5

 
JADEBRICKS LONDON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 Ordinary shares of £1 each
2
2



9.


Controlling party

The immediate and ultimate parent entity is Dastur Trading Limited, a company registered in Gibraltar.

 
Page 6