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Company Registration No. 10790140 (England and Wales)
Jadala Limited Unaudited accounts for the year ended 31 May 2023
Jadala Limited Unaudited accounts Contents
Page
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Jadala Limited Company Information for the year ended 31 May 2023
Directors
T Munthe James Paul Neeley
Company Number
10790140 (England and Wales)
Registered Office
SOMERSET HOUSE EXCHANGE SOMERSET HOUSE STRAND LONDON London WC2R 1LA ENGLAND
Accountants
Adams O'Rourke Accountants Ltd 436 Woolton Road Liverpool L25 6JQ
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Jadala Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
2,281 
3,828 
Tangible assets
9 
643 
2,290 
4,471 
Current assets
Debtors
1,325 
2,683 
Cash at bank and in hand
34,682 
113,292 
36,007 
115,975 
Creditors: amounts falling due within one year
(55,630)
(62,433)
Net current (liabilities)/assets
(19,623)
53,542 
Total assets less current liabilities
(17,333)
58,013 
Creditors: amounts falling due after more than one year
(569,336)
(567,331)
Provisions for liabilities
Deferred tax
(1)
(122)
Net liabilities
(586,670)
(509,440)
Capital and reserves
Called up share capital
119 
119 
Profit and loss account
(586,789)
(509,559)
Shareholders' funds
(586,670)
(509,440)
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by
James Paul Neeley Director Company Registration No. 10790140
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Jadala Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Jadala Limited is a private company, limited by shares, registered in England and Wales, registration number 10790140. The registered office is SOMERSET HOUSE EXCHANGE SOMERSET HOUSE, STRAND, LONDON, London, WC2R 1LA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Grant income
Grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Going concern
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors. The board are confident it has adequate resources to continue in operational existence for at least twelve months from the balance sheet date. Thus the directors adopt the going concern basis of accounting in preparing these financial statements.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Jadala Limited Notes to the Accounts for the year ended 31 May 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 June 2022
7,736 
At 31 May 2023
7,736 
Amortisation
At 1 June 2022
3,908 
Charge for the year
1,547 
At 31 May 2023
5,455 
Net book value
At 31 May 2023
2,281 
At 31 May 2022
3,828 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2022
3,024 
At 31 May 2023
3,024 
Depreciation
At 1 June 2022
2,381 
Charge for the year
634 
At 31 May 2023
3,015 
Net book value
At 31 May 2023
9 
At 31 May 2022
643 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
543 
Trade debtors
1,200 
- 
Accrued income and prepayments
125 
2,140 
1,325 
2,683 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
135 
- 
Trade creditors
287 
3,740 
Taxes and social security
(752)
2,756 
Loans from directors
55,960 
55,937 
55,630 
62,433 
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Jadala Limited Notes to the Accounts for the year ended 31 May 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
569,336 
567,331 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
119 Ordinary shares of £1 each
119 
119 
10
Transactions with related parties
Balance of the directors loan account as at the year end is £55,960. This loan is provided to the company by director T Munthe. It is provided interest free and repayable on demand.
11
Controlling party
Wholly owned subsidiary of Jadala Corp. Registration Number FC036909. Address 251 Little Falls Drive, City Of Wilmington, County Of New Castle, Delaware 19808, United States
12
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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