Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-28The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1No description of principal activity2022-03-01false1falsetrue 13233378 2022-03-01 2023-02-28 13233378 2021-02-27 2022-02-28 13233378 2023-02-28 13233378 2022-02-28 13233378 c:Director1 2022-03-01 2023-02-28 13233378 c:RegisteredOffice 2022-03-01 2023-02-28 13233378 d:FreeholdInvestmentProperty 2022-03-01 2023-02-28 13233378 d:FreeholdInvestmentProperty 2023-02-28 13233378 d:FreeholdInvestmentProperty 2022-02-28 13233378 d:CurrentFinancialInstruments 2023-02-28 13233378 d:CurrentFinancialInstruments 2022-02-28 13233378 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13233378 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 13233378 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 13233378 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 13233378 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-02-28 13233378 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-02-28 13233378 d:ShareCapital 2023-02-28 13233378 d:ShareCapital 2022-02-28 13233378 d:RetainedEarningsAccumulatedLosses 2023-02-28 13233378 d:RetainedEarningsAccumulatedLosses 2022-02-28 13233378 c:FRS102 2022-03-01 2023-02-28 13233378 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 13233378 c:FullAccounts 2022-03-01 2023-02-28 13233378 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 13233378 e:PoundSterling 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure
Registered number: 13233378










JESTER PROPERTY INVESTMENTS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




















 
JESTER PROPERTY INVESTMENTS LIMITED
 
 
Company Information


Director
J Cripps 




Registered number
13233378



Registered office
3rd Floor

12 Gough Square

London

EC4A 3DW





 
JESTER PROPERTY INVESTMENTS LIMITED
Registered number: 13233378

Balance sheet
As at 28 February 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
3,448,758
2,928,534

  
3,448,758
2,928,534

Current assets
  

Debtors: amounts falling due within one year
 5 
139,607
120,705

Cash at bank and in hand
  
225,817
116,697

  
365,424
237,402

Creditors: amounts falling due within one year
 6 
(235,377)
(174,755)

Net current assets
  
 
 
130,047
 
 
62,647

Total assets less current liabilities
  
3,578,805
2,991,181

Creditors: amounts falling due after more than one year
 7 
(3,463,429)
(2,943,659)

  

Net assets
  
115,376
47,522


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
115,375
47,521

  
115,376
47,522


Page 1

 
JESTER PROPERTY INVESTMENTS LIMITED
Registered number: 13233378
    
Balance sheet (continued)
As at 28 February 2023

The director considers 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 director acknowledges her 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 Profit and loss account 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 20 November 2023.




J Cripps
Director

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

Page 2

 
JESTER PROPERTY INVESTMENTS LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 28 February 2023

1.


General information

Jester Property Investments Limited is a private limited company incorporated in the United Kingdom and registered in England and Wales. The registered office is 3rd Floor, 12 Gough Square, London, EC4A 3DW.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover represents rental income receivable during the year exclusive of Value Added Tax.

 
2.3

Investment property

Investment property is carried at fair value determined annually by the Director 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.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Page 3

 
JESTER PROPERTY INVESTMENTS LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 28 February 2023

2.Accounting policies (continued)


2.7
Financial instruments (continued)

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 4

 
JESTER PROPERTY INVESTMENTS LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 28 February 2023

2.Accounting policies (continued)


2.7
Financial instruments (continued)

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.8

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.

 
2.9

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.10

Taxation

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 balance sheet 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 balance sheet 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 balance sheet date.

Page 5

 
JESTER PROPERTY INVESTMENTS LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 28 February 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Investment property


Freehold investment property

£



Valuation


At 1 March 2022
2,928,534


Additions at cost
520,224



At 28 February 2023
3,448,758








5.


Debtors

2023
2022
£
£


Trade debtors
3,980
-

Other debtors
134,032
120,357

Prepayments and accrued income
1,595
348

139,607
120,705



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
4,194
-

Corporation tax
-
11,181

Other taxation and social security
7,966
6,609

Other creditors
105,115
105,115

Accruals and deferred income
118,102
51,850

235,377
174,755


Page 6

 
JESTER PROPERTY INVESTMENTS LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 28 February 2023

7.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£




Amounts falling due after more than 5 years

Other loans
3,463,429
2,943,659

3,463,429
2,943,659



8.


Related party transactions

During the period, the Director maintained a loan account with the Company. As at 28 February 2023, £105,115 (2022: £105,115) was owed to the Director and is included within other creditors and is interest free and repayable on demand. 

 
Page 7