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REGISTERED NUMBER: 03829161 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

JETCOM INVESTMENTS LIMITED

JETCOM INVESTMENTS LIMITED (REGISTERED NUMBER: 03829161)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JETCOM INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: N Patel
Miss N Patel





REGISTERED OFFICE: 7 St. John's Road
Harrow
Middlesex
HA1 2EY





REGISTERED NUMBER: 03829161 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

JETCOM INVESTMENTS LIMITED (REGISTERED NUMBER: 03829161)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 800,000 946,666

CURRENT ASSETS
Cash at bank 96,679 68,664

CREDITORS
Amounts falling due within one year 5 197,542 194,725
NET CURRENT LIABILITIES (100,863 ) (126,061 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

699,137

820,605

PROVISIONS FOR LIABILITIES - 13,457
NET ASSETS 699,137 807,148

CAPITAL AND RESERVES
Called up share capital 2 2
Undistributable Reserves (62,382 ) 70,827
Retained earnings 761,517 736,319
SHAREHOLDERS' FUNDS 699,137 807,148

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 23 November 2023 and were signed on its behalf by:





N Patel - Director


JETCOM INVESTMENTS LIMITED (REGISTERED NUMBER: 03829161)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Jetcom Investments 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.

Going concern
The financial statements have been prepared on a going concern basis notwithstanding the company's net current liabilities position as at the year end. The directors of the company have provided with an undertaking that they will continue to support financially for the foreseeable future and that they will not seek repayment of the amounts currently owing to them in the twelve months from the date of signing the financial statements.

Turnover
Turnover represents the gross rent receivable for the year. Rents are payable in advance and are recognised in full on the date when they become due.

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 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.

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 ) .

JETCOM INVESTMENTS LIMITED (REGISTERED NUMBER: 03829161)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022 946,666
Impairments (146,666 )
At 31 August 2023 800,000
NET BOOK VALUE
At 31 August 2023 800,000
At 31 August 2022 946,666

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2015 70,827
Valuation in 2023 (146,666 )
Cost 875,839
800,000

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

2023 2022
£    £   
Cost 875,839 875,839

Investment property was valued on fair value basis on 31 August 2023 by the directors .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 8,650 10,970
Other creditors 188,892 183,755
197,542 194,725

6. RELATED PARTY DISCLOSURES

Included in other creditors is an amount of £186,893 (2022: £182,015) due to the directors of the company. There are no fixed terms on the repayment of the loan.

Loan interest of £6,097 (2022: £6,122) was paid to the directors during the year.