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REGISTERED NUMBER: 10406206 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Jayan Limited

Jayan Limited (Registered number: 10406206)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Jayan Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr V Pokar
Mrs. R V Pokar





REGISTERED OFFICE: Suite 3
Falcon Court Business Centre
College Road
Maidstone
Kent
ME15 6TF





REGISTERED NUMBER: 10406206 (England and Wales)





ACCOUNTANTS: Skyfire Accountancy Ltd
The Old Rectory
Springhead Road
Northfleet
Kent
DA11 8HN

Jayan Limited (Registered number: 10406206)

Abridged Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 99,275 133,059

CURRENT ASSETS
Stocks 939,729 431,978
Debtors 946 5,437
Cash at bank and in hand 160,846 11,513
1,101,521 448,928
CREDITORS
Amounts falling due within one year 1,006,082 697,899
NET CURRENT ASSETS/(LIABILITIES) 95,439 (248,971 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

194,714

(115,912

)

CREDITORS
Amounts falling due after more than one
year

6

513,074

108,632
NET LIABILITIES (318,360 ) (224,544 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (318,460 ) (224,644 )
SHAREHOLDERS' FUNDS (318,360 ) (224,544 )

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.

Jayan Limited (Registered number: 10406206)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:





Mr V Pokar - Director


Jayan Limited (Registered number: 10406206)

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

1. STATUTORY INFORMATION

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

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue recognition
Income comprises the fair value of the consideration received for the rendering of services in the ordinary course of the company's activities. Income is presented, net of value-added tax, rebates and discounts.

Revenue from the sale of services is recognised at the point at which those services have been provided to the customer. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company's activities as follows:

Rental income from operating leases (net of any incentives given to the lessees) is recognised when the right to receive payment is established.

Dividend income is recognised when the right to receive payment is established.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - straight line over 3 years

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Jayan Limited (Registered number: 10406206)

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 4 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 231,194
DEPRECIATION
At 1 April 2022 98,135
Charge for year 33,784
At 31 March 2023 131,919
NET BOOK VALUE
At 31 March 2023 99,275
At 31 March 2022 133,059

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2022
and 31 March 2023 168,791
DEPRECIATION
At 1 April 2022 76,088
Charge for year 23,175
At 31 March 2023 99,263
NET BOOK VALUE
At 31 March 2023 69,528
At 31 March 2022 92,703

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.3.23 31.3.22
£    £   
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 452,461 -

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

Jayan Limited (Registered number: 10406206)

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

8. RELATED PARTY DISCLOSURES

During the period the company repaid £541,153 of a loan from a director. At the end of the period the amount owed to the director was £19,058 (2022: £560,211). The loan is included within creditors due within one year, is made free of interest and is repayable on demand.

During the period the company borrowed £2,590 from VNM Estates and Lettings Ltd. At the end of the period the company owed £52,590 (2022: £50,000) to VNM Estates and Lettings Ltd, which is a group company. The loan is included within creditors due within one year, is free of interest and is repayable on demand.

During the period the company borrowed £880,000 from Jayan Property Ltd. Jayan Property Ltd is under the control of the directors of the company. At the end of the period the amount owed to Jayan Property Ltd was £880,000 (2022: £0). The loan is included within creditors due within one year, is free of interest and is repayable on demand.

During the period the company borrowed £5,600 from VNM Properties Ltd. VNM Properties Ltd has common directors with the company. At the end of the period the amount owed to VNM Properties Ltd was £5,600 (2022: £0). The loan is included within creditors due within one year, is free of interest and is repayable on demand.

During the period the company received £3,400 of a loan due from VNM Investments Ltd, which is a subsidiary of the company. At the end of the period the amount owed to the company was £332 (2022: £3,732.. The loan is included within debtors due within one year, is free of interest and is repayable on demand.

9. COVID-19 BUSINESS SUPPORT

The company received £0 (2022: £208) of grants covering a portion of the interest due on the Bounce Back loan.. No conditions or other contingencies have been applied to the grant.

10. GOING CONCERN

The accounts have been prepared on a going concern basis despite the company having negative reserves at the end of the period. The directors have confirmed they do not intend for the company to repay the outstanding related party loans until the situation has resolved itself, and consider that the company will continue to trade for at least twelve months after the date the accounts were approved.