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REGISTERED NUMBER: 10888221 (England and Wales)


Jeffery Lloyd Inventories Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2023






Jeffery Lloyd Inventories Limited (Registered number: 10888221)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Jeffery Lloyd Inventories Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: Mrs S Mustafa
Mr M K Enver





REGISTERED OFFICE: 239-241 Kennington Lane
London
SE11 5QU





REGISTERED NUMBER: 10888221 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Jeffery Lloyd Inventories Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jeffery Lloyd Inventories Limited for the year ended 31 March 2023 which comprise the Abridged Income Statement, Other Comprehensive Income, Statement of Financial Position and the related notes 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 in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Jeffery Lloyd Inventories Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Jeffery Lloyd Inventories Limited and state those matters that we have agreed to state to the Board of Directors of Jeffery Lloyd Inventories Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jeffery Lloyd Inventories Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Jeffery Lloyd Inventories Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jeffery Lloyd Inventories Limited. You consider that Jeffery Lloyd Inventories 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 financial statements of Jeffery Lloyd Inventories 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 financial statements.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


25 November 2023

Jeffery Lloyd Inventories Limited (Registered number: 10888221)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 - 71
Investment property 5 1,360,102 922,216
1,360,102 922,287

CURRENT ASSETS
Debtors 6 7,029 2,755
Cash at bank 57,883 2,197
64,912 4,952
CREDITORS
Amounts falling due within one year 7 406,468 221,224
NET CURRENT LIABILITIES (341,556 ) (216,272 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,018,546

706,015

CREDITORS
Amounts falling due after more than one
year

8

(948,862

)

(690,695

)

PROVISIONS FOR LIABILITIES 10 (10,004 ) (13 )
NET ASSETS 59,680 15,307

Jeffery Lloyd Inventories Limited (Registered number: 10888221)

Statement of Financial Position - continued
31 March 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 42,649 -
Retained earnings 12 16,931 15,207
SHAREHOLDERS' FUNDS 59,680 15,307

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.

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 Income Statement 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2023 and were signed on its behalf by:




Mr M K Enver - Director



Mrs S Mustafa - Director


Jeffery Lloyd Inventories Limited (Registered number: 10888221)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Jeffery Lloyd Inventories 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover includes revenue earned from investments in properties. The revenue is recognised on an accrual basis in accordance with the tenancy agreement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.


Jeffery Lloyd Inventories Limited (Registered number: 10888221)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

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.

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 April 2022
and 31 March 2023 287
DEPRECIATION
At 1 April 2022 216
Charge for year 71
At 31 March 2023 287
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 71

Jeffery Lloyd Inventories Limited (Registered number: 10888221)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 922,216
Additions 385,233
Revaluations 52,653
At 31 March 2023 1,360,102
NET BOOK VALUE
At 31 March 2023 1,360,102
At 31 March 2022 922,216

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 52,653
Cost 1,307,449
1,360,102

If investment properties had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,307,449 922,216

The investment properties were valued on an open market basis on 31 March 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 7,029 2,755

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,944 7,080
Trade creditors 1,127 2,017
Taxation and social security 419 106
Other creditors 399,978 212,021
406,468 221,224

Jeffery Lloyd Inventories Limited (Registered number: 10888221)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 36,155 38,963
Other creditors 912,707 651,732
948,862 690,695

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage loans 912,707 651,732

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Mortgages 912,707 651,732

Mortgage loans are secured on properties.


Unsecured debts

Bounce back loan

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 10,004 13

Deferred
tax
£   
Balance at 1 April 2022 13
Charge to Income Statement during year 9,991
Balance at 31 March 2023 10,004

Jeffery Lloyd Inventories Limited (Registered number: 10888221)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2022 15,207 - 15,207
Profit for the year 44,373 44,373
Revaluation reserves (42,649 ) 42,649 -
At 31 March 2023 16,931 42,649 59,580

13. RELATED PARTY DISCLOSURES

Transactions with members of key management personnel

Company owes £390,327 (2022:£208,679) to related parties at balance sheet date. The loans was advanced to company to acquire investment properties. The loan is interest free, have no fixed date of repayment and presented within creditors.