J.V.M.C. Investment Company Limited 01110702 false 2022-05-01 2023-04-30 2023-04-30 The principal activity of the company is An investment company dealing in securities Digita Accounts Production Advanced 6.30.9574.0 true 01110702 2022-05-01 2023-04-30 01110702 2023-04-30 01110702 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2023-04-30 01110702 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 01110702 bus:SmallEntities 2022-05-01 2023-04-30 01110702 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 01110702 bus:FullAccounts 2022-05-01 2023-04-30 01110702 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 01110702 bus:RegisteredOffice 2022-05-01 2023-04-30 01110702 bus:Director1 2022-05-01 2023-04-30 01110702 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 01110702 countries:EnglandWales 2022-05-01 2023-04-30 01110702 2021-05-01 2022-04-30 01110702 2022-04-30 01110702 core:CurrentFinancialInstruments core:WithinOneYear 2022-04-30 iso4217:GBP xbrli:pure

Registration number: 01110702

J.V.M.C. Investment Company Limited

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 30 April 2023

 

J.V.M.C. Investment Company Limited

(Registration number: 01110702)
Statement of Financial Position as at 30 April 2023

Note

2023
£

2022
£

Fixed assets

 

Other financial assets

4

101,508

98,000

Current assets

 

Cash at bank and in hand

 

3,811

178

Creditors: Amounts falling due within one year

5

(23,379)

(22,188)

Net current liabilities

 

(19,568)

(22,010)

Total assets less current liabilities

 

81,940

75,990

Provisions for liabilities

(14,917)

(12,717)

Net assets

 

67,023

63,273

Capital and reserves

 

Called up share capital

12

12

Fair value reserve

71,720

70,412

Profit and loss account

(4,709)

(7,151)

Shareholders' funds

 

67,023

63,273

For the financial year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the director on 16 November 2023
 

.........................................
Ms C A L Reed
Director

 

J.V.M.C. Investment Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: 347B New Kings Road, London, SW6 4RJ.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable from the investments held in the ordinary course of the company’s activities.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

 

J.V.M.C. Investment Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Financial instruments

The Company only enters into basic financial instruments 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 and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 May 2022

98,000

98,000

Fair value adjustments

3,508

3,508

At 30 April 2023

101,508

101,508

Impairment

Carrying amount

At 30 April 2023

101,508

101,508

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Accruals and deferred income

1,020

600

Other creditors

22,359

21,588

23,379

22,188