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REGISTERED NUMBER: SC171888 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Jaloose Limited

Jaloose Limited (Registered number: SC171888)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jaloose Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr M G Proctor
Mrs M K Proctor





REGISTERED OFFICE: The Schoolhouse
Meadowbank
Oldmeldrum
Aberdeenshire
AB51 0BF





REGISTERED NUMBER: SC171888 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Jaloose Limited (Registered number: SC171888)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,084 10,289
Investments 5 51,051 102,702
59,135 112,991

CURRENT ASSETS
Debtors 6 4,380 10,449
Cash at bank and in hand 13,245 5,848
17,625 16,297
CREDITORS
Amounts falling due within one year 7 2,606 21,542
NET CURRENT ASSETS/(LIABILITIES) 15,019 (5,245 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,154

107,746

CAPITAL AND RESERVES
Called up share capital 200 200
Fair value reserve 18,216 26,289
Retained earnings 55,738 81,257
74,154 107,746

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Jaloose Limited (Registered number: SC171888)

Balance Sheet - continued
31 March 2023


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 Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:





Mr M G Proctor - Director


Jaloose Limited (Registered number: SC171888)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Jaloose Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% on cost
Office equipment - 20% on reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold Office Computer
property equipment equipment Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 26,170 4,321 1,340 31,831
DEPRECIATION
At 1 April 2022 17,177 3,025 1,340 21,542
Charge for year 1,946 259 - 2,205
At 31 March 2023 19,123 3,284 1,340 23,747
NET BOOK VALUE
At 31 March 2023 7,047 1,037 - 8,084
At 31 March 2022 8,993 1,296 - 10,289

Jaloose Limited (Registered number: SC171888)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2022 102,702
Additions 296
Disposals (44,562 )
Revaluations (7,385 )
At 31 March 2023 51,051
NET BOOK VALUE
At 31 March 2023 51,051
At 31 March 2022 102,702

Cost or valuation at 31 March 2023 is represented by:

Other
investments
£   
Valuation in 2019 69,573
Valuation in 2020 (62,755 )
Valuation in 2021 20,530
Valuation in 2022 (1,060 )
Valuation in 2023 (7,385 )
Cost 32,148
51,051

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 4,380 10,449

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 1,246 424
Other creditors 1,360 21,118
2,606 21,542

Jaloose Limited (Registered number: SC171888)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
Mr M G Proctor
Balance outstanding at start of year 5,000 -
Amounts advanced 4,698 7,500
Amounts repaid (8,273 ) (2,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,425 5,000

Mrs M K Proctor
Balance outstanding at start of year 5,000 -
Amounts advanced 4,698 7,500
Amounts repaid (8,273 ) (2,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,425 5,000