Jamail Limited SC035028 false 2022-04-06 2023-04-05 2023-04-05 The principal activity of the company is that of Investment Digita Accounts Production Advanced 6.30.9574.0 true SC035028 2022-04-06 2023-04-05 SC035028 2023-04-05 SC035028 bus:OrdinaryShareClass1 2023-04-05 SC035028 bus:Original 2023-04-05 SC035028 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2023-04-05 SC035028 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-05 SC035028 core:FurnitureFittingsToolsEquipment 2023-04-05 SC035028 bus:SmallEntities 2022-04-06 2023-04-05 SC035028 bus:AuditExemptWithAccountantsReport 2022-04-06 2023-04-05 SC035028 bus:FullAccounts 2022-04-06 2023-04-05 SC035028 bus:SmallCompaniesRegimeForAccounts 2022-04-06 2023-04-05 SC035028 bus:RegisteredOffice 2022-04-06 2023-04-05 SC035028 bus:CompanySecretaryDirector1 2022-04-06 2023-04-05 SC035028 bus:OrdinaryShareClass1 2022-04-06 2023-04-05 SC035028 bus:PrivateLimitedCompanyLtd 2022-04-06 2023-04-05 SC035028 bus:Agent1 2022-04-06 2023-04-05 SC035028 core:OfficeEquipment 2022-04-06 2023-04-05 SC035028 countries:Scotland 2022-04-06 2023-04-05 SC035028 2022-04-05 SC035028 core:FurnitureFittingsToolsEquipment 2022-04-05 SC035028 2021-04-06 2022-04-05 SC035028 2022-04-05 SC035028 bus:OrdinaryShareClass1 2022-04-05 SC035028 core:CurrentFinancialInstruments core:WithinOneYear 2022-04-05 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC035028

Jamail Limited

Unaudited Filleted Financial Statements

for the Year Ended 5 April 2023

 

Jamail Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

Jamail Limited

Company Information

Director

Mr James Alexander Calder

Company secretary

Mr James Alexander Calder

Registered office




Registered number

79/6 Braid Avenue
Edinburgh
Lothian
EH10 6ED

SC035028 (Scotland)

Accountants

Brown, Scott & Main
31 Townsend Place
Kirkcaldy
Scotland
KY1 1HB

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of Jamail Limited
For the Year Ended 5 April 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jamail Limited for the year ended 5 April 2023 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance

This report is made solely to you, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial information of Jamail Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company for our work or for this report.

It is your duty to ensure that Jamail Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Jamail Limited. You consider that Jamail Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Jamail Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Brown, Scott & Main
31 Townsend Place
Kirkcaldy
Scotland
KY1 1HB

22 November 2023

 

Jamail Limited

(Registration number: SC035028)
Balance Sheet as at 5 April 2023

Note

2023
£

2022
£

Fixed assets

 

Other financial assets

6

132,628

133,184

Current assets

 

Cash at bank and in hand

 

97,759

91,019

Creditors: Amounts falling due within one year

7

(1,506)

(1,447)

Net current assets

 

96,253

89,572

Total assets less current liabilities

 

228,881

222,756

Provisions for liabilities

8

(11,699)

(10,184)

Net assets

 

217,182

212,572

Capital and reserves

 

Called up share capital

9

500

500

Capital redemption reserve

20,665

20,665

Fair value reserve

76,759

76,440

Retained earnings

119,258

114,967

Shareholders' funds

 

217,182

212,572

For the financial year ending 5 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 his 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

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 Profit and Loss Account has been taken.

Approved and authorised by the director on 20 November 2023
 

.........................................
Mr James Alexander Calder
Company secretary and director

 

Jamail Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2023

1

General information

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

The address of its registered office is:
79/6 Braid Avenue
Edinburgh
Lothian
EH10 6ED
Scotland

2

Accounting policies

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.

Turnover

Turnover is comprised of dividends and of interest from fixed asset investments. Dividend income, interest from fixed interest securities and from bank deposits are stated on a gross basis with tax deducted at source, where applicable, forming part of the tax charge.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date and reflects tax payable on unrealised gains on listed investments.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment deficits. Depreciation is charged so as to write off the cost of the asset less its residual value over its useful life at the following rate:

Asset class

Depreciation method and rate

Equipment

20% per annum on the straight line basis

 

Jamail Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2023

Investments

Fixed asset investments comprise listed equities and are stated at fair valuation based on market value at the balance sheet date. Any aggregate surplus or deficit arising from changes in fair value during the year is recognised in profit or loss. This is transferred, for easy of identification, to a non distributable reserve which displays the cumulative unrealised surplus on revaluation net of deferred tax. A statement of changes in equity is shown on page 7.

3

Staff numbers

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

 

4

Taxation

The tax charge on the profit for the year was as follows:

2023

2022

£

£

Deferred tax charge

1,515

43

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 6 April 2022

1,200

1,200

At 5 April 2023

1,200

1,200

Depreciation

At 6 April 2022

1,200

1,200

At 5 April 2023

1,200

1,200

Carrying amount

At 5 April 2023

-

-

6

Other financial assets (current and non-current)

Fixed asset investments
£

Total
£

Non-current financial assets

Valuation

At 6 April 2022

133,184

133,184

Surplus

1,834

1,834

Disposals

(2,390)

(2,390)

At 5 April 2023

132,628

132,628

Carrying amount

At 5 April 2023

132,628

132,628

Investments originally cost £47,078 (2022 - £47,963).

 

Jamail Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Other creditors

1,506

1,447

8

Provision for liabilities

2023

2020

£

£

Deferred tax

11,699

10,184

11,699

10,184

Deferred

tax

£

Balance at 6th April

2023

10,184

Provided during year

1,515

Balance at 6th April

2022

11,699

The deferred tax provision arises from deferred tax on fair value gains on fixed asset investments.

9

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £1 each

500

500

500

500