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REGISTERED NUMBER: 10130291 (England and Wales)















JAI MAHARAJ LTD

Unaudited Financial Statements for the Year Ended 30 April 2023






JAI MAHARAJ LTD (REGISTERED NUMBER: 10130291)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JAI MAHARAJ LTD

Company Information
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: B Patel
Mrs A Patel





REGISTERED OFFICE: 227 Preston Road
Wembley
Middlesex
HA9 8NF





BUSINESS ADDRESS: 50 Whitehard Lane
Farnham
Hampshire
PO16 9BH





REGISTERED NUMBER: 10130291 (England and Wales)





ACCOUNTANTS: Millennium Professional Services (UK) Limited
Lotus House
227 Preston Road
Wembley
Middlesex
HA9 8NF

JAI MAHARAJ LTD (REGISTERED NUMBER: 10130291)

Balance Sheet
30 APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,000 20,000
Tangible assets 5 238,208 238,208
258,208 258,208

CURRENT ASSETS
Debtors 6 500 -
Cash at bank and in hand 19,184 26,130
19,684 26,130
CREDITORS
Amounts falling due within one year 7 228,870 228,466
NET CURRENT LIABILITIES (209,186 ) (202,336 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,022

55,872

CREDITORS
Amounts falling due after more than one
year

8

10,000

10,000
NET ASSETS 39,022 45,872

RESERVES
Retained earnings 10 39,022 45,872
SHAREHOLDERS' FUNDS 39,022 45,872

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

JAI MAHARAJ LTD (REGISTERED NUMBER: 10130291)

Balance Sheet - continued
30 APRIL 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2024 and were signed on its behalf by:





B Patel - Director


JAI MAHARAJ LTD (REGISTERED NUMBER: 10130291)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Jai Maharaj Ltd 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. 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

JAI MAHARAJ LTD (REGISTERED NUMBER: 10130291)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2023

2. ACCOUNTING POLICIES - continued

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 20,000
NET BOOK VALUE
At 30 April 2023 20,000
At 30 April 2022 20,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2022
and 30 April 2023 227,517 10,691 238,208
NET BOOK VALUE
At 30 April 2023 227,517 10,691 238,208
At 30 April 2022 227,517 10,691 238,208

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Other debtors 500 -

JAI MAHARAJ LTD (REGISTERED NUMBER: 10130291)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 135,861 140,036
Tax 3,523 4,189
Social security and other taxes 3,845 800
Other creditors 1,000 -
Directors' current accounts 80,041 80,041
Accrued expenses 4,600 3,400
228,870 228,466

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Other loans - 1-2 years 10,000 10,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
200 Ordinary 1.00 - -

10. RESERVES
Retained
earnings
£   

At 1 May 2022 45,872
Profit for the year 1,150
Dividends (8,000 )
At 30 April 2023 39,022