0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 100 100 100 xbrli:pure xbrli:shares iso4217:GBP 14208027 2022-07-01 2023-06-30 14208027 2023-06-30 14208027 2022-06-30 14208027 core:PlantMachinery 2022-07-01 2023-06-30 14208027 bus:Director1 2022-07-01 2023-06-30 14208027 bus:Director2 2022-07-01 2023-06-30 14208027 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-30 14208027 core:PlantMachinery 2023-06-30 14208027 core:LandBuildings core:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 14208027 core:WithinOneYear 2023-06-30 14208027 core:ShareCapital 2023-06-30 14208027 core:RetainedEarningsAccumulatedLosses 2023-06-30 14208027 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-06-30 14208027 core:CostValuation core:Non-currentFinancialInstruments 2023-06-30 14208027 core:Non-currentFinancialInstruments 2023-06-30 14208027 bus:SmallEntities 2022-07-01 2023-06-30 14208027 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 14208027 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 14208027 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 14208027 bus:FullAccounts 2022-07-01 2023-06-30
COMPANY REGISTRATION NUMBER: 14208027
JAPRI LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 June 2023
JAPRI LIMITED
STATEMENT OF FINANCIAL POSITION
30 June 2023
2023
Note
£
£
FIXED ASSETS
Investment Property
4
231,489
Investments
5
100
---------
231,589
CURRENT ASSETS
Debtors
6
7,500
Cash at bank and in hand
42,804
--------
50,304
CREDITORS: amounts falling due within one year
7
( 275,129)
---------
NET CURRENT LIABILITIES
( 224,825)
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
6,764
-------
NET ASSETS
6,764
-------
CAPITAL AND RESERVES
Called up share capital
100
Profit and loss account
6,664
-------
SHAREHOLDERS FUNDS
6,764
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
JAPRI LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 June 2023
These financial statements were approved by the board of directors and authorised for issue on 21 February 2024 , and are signed on behalf of the board by:
N J Stroud
R M Stroud
Director
Director
Company registration number: 14208027
JAPRI LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 23 Park Lane Mews, Leeds, United Kingdom, LS17 8SN.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.
Consolidation
The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of services supplied, exclusive of Value Added Tax.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation,
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. INVESTMENT PROPERTY
Freehold property
Plant and machinery
Total
£
£
£
Cost
At 1 July 2022
Additions
211,069
27,227
238,296
---------
--------
---------
At 30 June 2023
211,069
27,227
238,296
---------
--------
---------
Depreciation
At 1 July 2022
Charge for the year
6,807
6,807
---------
--------
---------
At 30 June 2023
6,807
6,807
---------
--------
---------
Carrying amount
At 30 June 2023
211,069
20,420
231,489
---------
--------
---------
Included within the above is investment property as follows:
£
At 1 July 2022
Additions
234,996
---------
At 30 June 2023
234,996
---------
The investment properties have been valued on an open market basis by the director as at 30 June 2023.
5. INVESTMENTS
Shares in group undertakings
£
Cost
At 1 July 2022
Additions
100
----
At 30 June 2023
100
----
Impairment
At 1 July 2022 and 30 June 2023
----
Carrying amount
At 30 June 2023
100
----
6. DEBTORS
2023
£
Other debtors
7,500
-------
7. CREDITORS: amounts falling due within one year
2023
£
Corporation tax
431
Social security and other taxes
2,630
Amounts due to related company
270,893
Other creditors
1,175
---------
275,129
---------