REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 June 2023 |
for |
Jelldy Investments Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 June 2023 |
for |
Jelldy Investments Limited |
Jelldy Investments Limited (Registered number: 10829751) |
Contents of the Financial Statements |
for the Year Ended 30 June 2023 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
Jelldy Investments Limited (Registered number: 10829751) |
Balance Sheet |
30 June 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investment property | 4 |
Current assets |
Debtors | 5 |
Cash at bank |
Creditors: amounts falling due within one year |
6 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Creditors: amounts falling due after more than one year |
7 |
( |
) |
( |
) |
Provisions for liabilities | ( |
) | ( |
) |
Net (liabilities)/assets | ( |
) |
Capital and reserves |
Called up share capital | 8 |
Fair value reserve | 9 |
Retained earnings | ( |
) |
Shareholders' funds | ( |
) |
The director acknowledges his 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. |
Jelldy Investments Limited (Registered number: 10829751) |
Balance Sheet - continued |
30 June 2023 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Jelldy Investments Limited (Registered number: 10829751) |
Notes to the Financial Statements |
for the Year Ended 30 June 2023 |
1. | Statutory information |
Jelldy Investments Limited is a |
Registered number: |
Registered office: |
The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£) |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration for rental income receivable during the year, stated net of discounts and of Value Added Tax. |
Investment property |
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. |
Investment property is revalued at its fair value at each reporting date and any changes in fair value are recognised in profit or loss. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. |
Jelldy Investments Limited (Registered number: 10829751) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
2. | Accounting policies - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences at the reporting date. |
Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. |
3. | Employees and directors |
The average number of employees during the year was NIL (2022 - NIL). |
4. | Investment property |
Total |
£ |
Fair value |
At 1 July 2022 |
Revaluations | (137,500 | ) |
At 30 June 2023 |
Net book value |
At 30 June 2023 |
At 30 June 2022 |
The fair value of the property at the balance sheet date was determined by the director. The open market value based on similar properties is assumed to be the fair value. |
5. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Other debtors |
6. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
Jelldy Investments Limited (Registered number: 10829751) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
7. | Creditors: amounts falling due after more than one year |
2023 | 2022 |
£ | £ |
Other creditors |
Creditors include liabilities of £963,737 (2022: £860,232) which are secured by the assets to which they relate. |
8. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
9. | Reserves |
Fair |
value |
reserve |
£ |
Transfer | 68,540 |
At 30 June 2023 |
10. | Director's advances, credits and guarantees |
During the year, the company advanced a director £638 (2022: £17,550) and he repaid £4,200 (2022: £17,347). At the year end, the director owed the company £4,988 (2022: £8,550). The advances were interest-free, unsecured and repayable on demand. |