Registered number
12318206
JAYAN HOSPITALITY LTD
Unaudited Filleted Accounts
31 December 2023
TEMPLETONS (UK) LIMITED
CHARTERED ACCOUNTANTS
309 HOE STREET
WALTHAMSTOW
LONDON E17 9BG
JAYAN HOSPITALITY LTD
Registered number: 12318206
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 251,724 100,459
Current assets
Stocks 38,387 20,527
Debtors 4 292,293 59,004
Cash at bank and in hand 13,302 43,025
343,982 122,556
Creditors: amounts falling due within one year 5 (212,641) (214,225)
Net current assets/(liabilities) 131,341 (91,669)
Total assets less current liabilities 383,065 8,790
Creditors: amounts falling due after more than one year 6 (92,255) (61,338)
Net assets/(liabilities) 290,810 (52,548)
Capital and reserves
Called up share capital 700,100 375,100
Profit and loss account (409,290) (427,648)
Shareholders' funds 290,810 (52,548)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dhruv Patel
Director
Approved by the board on 16 April 2024
JAYAN HOSPITALITY LTD
Notes to the Accounts
for the period from 1 December 2022 to 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings over 10 years
Fixtures, fittings, tools and equipment 25% Reducing balance method
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 16 6
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 December 2022 3,860 166,496 170,356
Additions 9,600 221,858 231,458
At 31 December 2023 13,460 388,354 401,814
Depreciation
At 1 December 2022 772 69,125 69,897
Charge for the period 386 79,807 80,193
At 31 December 2023 1,158 148,932 150,090
Net book value
At 31 December 2023 12,302 239,422 251,724
At 30 November 2022 3,088 97,371 100,459
4 Debtors 2023 2022
£ £
Trade debtors 7,814 13,054
Other debtors 284,479 45,950
292,293 59,004
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 35,726
Taxation and social security costs 46,878 7,740
Other creditors 165,763 170,759
212,641 214,225
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - 18,318
Obligations under finance lease and hire purchase contracts 5,908 2,655
Other creditors 86,347 40,365
92,255 61,338
7 Other information
JAYAN HOSPITALITY LTD is a private company limited by shares and incorporated in England. Its registered office is:
309
Hoe Street
London
E17 9BG
JAYAN HOSPITALITY LTD 12318206 false 2022-12-01 2023-12-31 2023-12-31 VT Final Accounts October 2023 release 2 Dhruv Patel No description of principal activity 12318206 2021-12-01 2022-11-30 12318206 core:WithinOneYear 2022-11-30 12318206 core:AfterOneYear 2022-11-30 12318206 core:ShareCapital 2022-11-30 12318206 core:RetainedEarningsAccumulatedLosses 2022-11-30 12318206 2022-12-01 2023-12-31 12318206 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-12-31 12318206 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-12-31 12318206 bus:Director40 2022-12-01 2023-12-31 12318206 1 2022-12-01 2023-12-31 12318206 2 2022-12-01 2023-12-31 12318206 core:LandBuildings 2022-12-01 2023-12-31 12318206 core:PlantMachinery 2022-12-01 2023-12-31 12318206 countries:England 2022-12-01 2023-12-31 12318206 bus:FRS102 2022-12-01 2023-12-31 12318206 bus:FullAccounts 2022-12-01 2023-12-31 12318206 2023-12-31 12318206 core:WithinOneYear 2023-12-31 12318206 core:AfterOneYear 2023-12-31 12318206 core:ShareCapital 2023-12-31 12318206 core:RetainedEarningsAccumulatedLosses 2023-12-31 12318206 core:LandBuildings 2023-12-31 12318206 core:PlantMachinery 2023-12-31 12318206 2022-11-30 12318206 core:LandBuildings 2022-11-30 12318206 core:PlantMachinery 2022-11-30 iso4217:GBP xbrli:pure