Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-052023-04-05true2022-04-06falseThe principal activity of the company was that of a property investment company.22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10773342 2022-04-06 2023-04-05 10773342 2021-04-06 2022-04-05 10773342 2023-04-05 10773342 2022-04-05 10773342 c:Director2 2022-04-06 2023-04-05 10773342 d:FurnitureFittings 2022-04-06 2023-04-05 10773342 d:FurnitureFittings 2023-04-05 10773342 d:FurnitureFittings 2022-04-05 10773342 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-06 2023-04-05 10773342 d:LeaseholdInvestmentProperty 2022-04-06 2023-04-05 10773342 d:LeaseholdInvestmentProperty 2023-04-05 10773342 d:CurrentFinancialInstruments 2023-04-05 10773342 d:CurrentFinancialInstruments 2022-04-05 10773342 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-05 10773342 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-05 10773342 d:ShareCapital 2023-04-05 10773342 d:ShareCapital 2022-04-05 10773342 d:RetainedEarningsAccumulatedLosses 2023-04-05 10773342 d:RetainedEarningsAccumulatedLosses 2022-04-05 10773342 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-04-05 10773342 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-04-05 10773342 c:OrdinaryShareClass1 2022-04-06 2023-04-05 10773342 c:OrdinaryShareClass1 2023-04-05 10773342 c:OrdinaryShareClass1 2022-04-05 10773342 c:FRS102 2022-04-06 2023-04-05 10773342 c:AuditExempt-NoAccountantsReport 2022-04-06 2023-04-05 10773342 c:FullAccounts 2022-04-06 2023-04-05 10773342 c:PrivateLimitedCompanyLtd 2022-04-06 2023-04-05 10773342 d:LeaseholdInvestmentProperty d:PreviouslyStatedAmount 2022-04-05 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10773342









JAYACEE INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 5 APRIL 2023

 
JAYACEE INVESTMENTS LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
JAYACEE INVESTMENTS LIMITED
REGISTERED NUMBER: 10773342

BALANCE SHEET
AS AT 5 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
119,982
144,949

Investment properties
 5 
9,216,743
8,958,447

  
9,336,725
9,103,396

Current assets
  

Debtors: amounts falling due within one year
 6 
36,265
8,162

Cash at bank and in hand
 7 
28,683
28,266

  
64,948
36,428

Creditors: amounts falling due within one year
 8 
(9,491,841)
(9,230,538)

Net current liabilities
  
 
 
(9,426,893)
 
 
(9,194,110)

Total assets less current liabilities
  
(90,168)
(90,714)

  

Net liabilities
  
(90,168)
(90,714)


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
(90,268)
(90,814)

  
(90,168)
(90,714)


Page 1

 
JAYACEE INVESTMENTS LIMITED
REGISTERED NUMBER: 10773342
    
BALANCE SHEET (CONTINUED)
AS AT 5 APRIL 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

................................................
J Thorpe
Director

Date: 13 February 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
JAYACEE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

1.


General information

Jayacee Investments Limited ("the company") is a private company, limited by shares, incorporated in England and Wales with a registration number of 10773342. The registered office address is Eighth Floor, 6 New Street Square, New Fetter Lane, London, EC4A 3AQ. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The company expects the continued support of the shareholder, who has confirmed that they will provide such financial support as is necessary for the company to meet its liabilities as they fall due and continue in operation for a period of at least twelve months from the date of signing of the financial statements of the company. 

 
2.3

Revenue

Turnover comprises revenue recognised by the company in respect of rental income receivable in respect of the period.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Furniture, fixtures and fittings
-
20%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
JAYACEE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

2.Accounting policies (continued)

 
2.5

Investment properties

Investment properties are carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are 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.

 
2.8

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

  
2.10

Related party exemption

The company has taken advantage of the exemption under Financial Reporting Standard 102, not to disclose transactions with wholly owned subsidiaries within the group.


3.


Employees

The average monthly number of employees, including non-payrolled directors, during the year was 2 (2022 - 2).

Page 4

 
JAYACEE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

4.


Tangible fixed assets





Furniture, fixtures and fittings

£



Cost


At 6 April 2022
232,679


Additions
20,626



At 5 April 2023

253,305



Depreciation


At 6 April 2022
87,730


Charge for the year on owned assets
45,593



At 5 April 2023

133,323



Net book value



At 5 April 2023
119,982



At 5 April 2022
144,949

Page 5

 
JAYACEE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

5.


Investment properties


Freehold investment properties

£



Valuation


At 6 April 2022
8,958,447


Additions at cost
258,296



At 5 April 2023
9,216,743

The directors consider the fair value of the investment properties to be £9,216,743 on an existing use basis at 5 April 2023.





If the investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
9,216,743
8,958,447


6.


Debtors

2023
2021
£
£


Other debtors
4,600
4,600

Prepayments and accrued income
31,665
3,562

36,265
8,162



7.


Cash and cash equivalents

2023
2021
£
£

Cash at bank and in hand
28,683
28,266


Page 6

 
JAYACEE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
13,747
1,064

Amounts owed to group companies
9,446,549
9,190,147

Other creditors
7,060
7,060

Accruals and deferred income
24,485
32,267

9,491,841
9,230,538



9.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
28,683
28,266




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1 each
100
100



11.


Ultimate parent undertaking

The immediate parent undertaking is considered to be Jayacee Holdings Limited and its ultimate parent undertaking is Jayacee Properties Limited, a company registered in Jersey.

 
Page 7