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REGISTERED NUMBER: 09949106 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2021 TO 29 NOVEMBER 2022

FOR

JIKONI LIMITED

JIKONI LIMITED (REGISTERED NUMBER: 09949106)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2021 TO 29 NOVEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JIKONI LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 DECEMBER 2021 TO 29 NOVEMBER 2022







DIRECTORS: Ms R Bhogal
N Nanjuwany





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





REGISTERED NUMBER: 09949106 (England and Wales)





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

JIKONI LIMITED (REGISTERED NUMBER: 09949106)

BALANCE SHEET
29 NOVEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,152 2,143
Tangible assets 5 491,149 531,130
492,301 533,273

CURRENT ASSETS
Stocks 6 6,047 9,062
Debtors 7 180,085 202,903
Cash at bank and in hand 19,767 101,274
205,899 313,239
CREDITORS
Amounts falling due within one year 8 403,083 297,235
NET CURRENT (LIABILITIES)/ASSETS (197,184 ) 16,004
TOTAL ASSETS LESS CURRENT
LIABILITIES

295,117

549,277

CREDITORS
Amounts falling due after more than one year 9 379,394 319,951
NET (LIABILITIES)/ASSETS (84,277 ) 229,326

CAPITAL AND RESERVES
Called up share capital 1,964 1,964
Share premium Account 338,636 338,636
Revaluation reserve 12 350,000 350,000
Retained earnings (774,877 ) (461,274 )
SHAREHOLDERS' FUNDS (84,277 ) 229,326

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 November 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 November 2022 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 29 November 2023 and were signed on its behalf by:



N Nanjuwany - Director


JIKONI LIMITED (REGISTERED NUMBER: 09949106)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2021 TO 29 NOVEMBER 2022

1. STATUTORY INFORMATION

Jikoni 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 amount received from sale of food and beverages, excluding value added tax.

Revenue Recognition
Revenue is recognised when services are rendered.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website Development is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Over the term of the lease
Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial assets and financial liabilities are recognised in the Company’s balance sheet when the Company becomes a party to the contractual provisions of the instrument.

Loans and borrowings
Loans and borrowings are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

Taxation
Taxation for the period 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.


JIKONI LIMITED (REGISTERED NUMBER: 09949106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2021 TO 29 NOVEMBER 2022

2. ACCOUNTING POLICIES - continued
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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 19 (2021 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2021 7,320
Additions 180
At 29 November 2022 7,500
AMORTISATION
At 1 December 2021 5,177
Charge for period 1,171
At 29 November 2022 6,348
NET BOOK VALUE
At 29 November 2022 1,152
At 30 November 2021 2,143

JIKONI LIMITED (REGISTERED NUMBER: 09949106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2021 TO 29 NOVEMBER 2022

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST OR VALUATION
At 1 December 2021 595,288 82,189 47,886 725,363
Additions - 2,820 7,221 10,041
At 29 November 2022 595,288 85,009 55,107 735,404
DEPRECIATION
At 1 December 2021 101,606 61,293 31,334 194,233
Charge for period 39,685 5,837 4,500 50,022
At 29 November 2022 141,291 67,130 35,834 244,255
NET BOOK VALUE
At 29 November 2022 453,997 17,879 19,273 491,149
At 30 November 2021 493,682 20,896 16,552 531,130

Cost or valuation at 29 November 2022 is represented by:

Fixtures
Long Plant and and
leasehold machinery fittings Totals
£    £    £    £   
Valuation in 2022 595,288 85,009 55,107 735,404

6. STOCKS
2022 2021
£    £   
Finished goods 6,047 9,062

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 25,942 7,474
Amounts owed by related companies - 2,371
Other debtors 154,143 193,058
180,085 202,903

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts (see note 10) 34,398 38,801
Trade creditors 170,478 170,860
Taxation and social security 70,042 28,917
Other creditors 128,165 58,657
403,083 297,235

JIKONI LIMITED (REGISTERED NUMBER: 09949106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2021 TO 29 NOVEMBER 2022

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans (see note 10) 35,160 62,154
Other creditors 344,234 257,797
379,394 319,951

10. LOANS

An analysis of the maturity of loans is given below:

2022 2021
£    £   
Amounts falling due within one year or on demand:
Bank loans 34,398 38,801

Amounts falling due between one and two years:
Bank loans - 1-2 years 9,740 44,698
Other loans - 1-2 years 344,234 257,797
353,974 302,495

Amounts falling due between two and five years:
Bank loans - 2-5 years 25,420 17,456

11. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 69,558 100,955

The bank loan is secured by a fixed and floating charge over the property and the assets of the company. Interest is charged at 4% above the bank base rate and is due for repayment in September 2023.

12. RESERVES
Revaluation
reserve
£   
At 1 December 2021
and 29 November 2022 350,000

13. RELATED PARTY DISCLOSURES

Included within debtors as at year end is £12,437 (2021: £56 owed to), an amount owed by the directors of the company. There are no specific terms to the repayment of this amount.

Included within other loans as at period end is £132,797 (2021: £132,797), an amount owed to Hammonds (Tottenham) Limited, a company owned by Mr Nanjuwany's parents. There are no specific terms to the repayment of this amount.