IRIS Accounts Production v23.3.1.45 00662868 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh006628682022-03-31006628682023-03-31006628682022-04-012023-03-31006628682021-03-31006628682021-04-012022-03-31006628682022-03-3100662868ns10:Originalns15:EnglandWales2022-04-012023-03-3100662868ns14:PoundSterlingns10:Original2022-04-012023-03-3100662868ns10:Originalns10:Director12022-04-012023-03-3100662868ns10:Original2022-04-012023-03-3100662868ns10:Original2023-03-3100662868ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3100662868ns10:Originalns10:SmallEntities2022-04-012023-03-3100662868ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3100662868ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3100662868ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3100662868ns10:Originalns10:FullAccounts2022-04-012023-03-3100662868ns10:Originalns10:Director22022-04-012023-03-3100662868ns10:CompanySecretary1ns10:Original2022-04-012023-03-3100662868ns10:Originalns10:RegisteredOffice2022-04-012023-03-3100662868ns10:Original2022-03-3100662868ns10:Originalns5:CurrentFinancialInstruments2023-03-3100662868ns10:Originalns5:CurrentFinancialInstruments2022-03-3100662868ns10:Originalns5:Non-currentFinancialInstruments2023-03-3100662868ns10:Originalns5:Non-currentFinancialInstruments2022-03-3100662868ns5:ShareCapitalns10:Original2023-03-3100662868ns5:ShareCapitalns10:Original2022-03-3100662868ns10:Originalns5:RevaluationReserve2023-03-3100662868ns10:Originalns5:RevaluationReserve2022-03-3100662868ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3100662868ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3100662868ns10:Originalns5:PlantMachinery2022-04-012023-03-3100662868ns10:Original2021-04-012022-03-3100662868ns10:Originalns5:LandBuildings2022-03-3100662868ns10:Originalns5:PlantMachinery2022-03-3100662868ns10:Original2022-03-3100662868ns10:Originalns5:LandBuildings2022-04-012023-03-3100662868ns10:Originalns5:LandBuildings2023-03-3100662868ns10:Originalns5:PlantMachinery2023-03-3100662868ns10:Originalns5:LandBuildings2022-03-3100662868ns10:Originalns5:PlantMachinery2022-03-3100662868ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3100662868ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3100662868ns10:Originalns5:RevaluationReserve2022-03-31
REGISTERED NUMBER: 00662868 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Jamk Limited

Jamk Limited (Registered number: 00662868)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jamk Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: A H Maddison
K R J Maddison





SECRETARY: K R J Maddison





REGISTERED OFFICE: 1st Floor
Healthaid House
Marlborough Hill
Harrow
Middlesex
HA1 1UD





REGISTERED NUMBER: 00662868 (England and Wales)





ACCOUNTANTS: Grant Harrod Lerman Davis LLP
Chartered Accountants
1st Floor
Healthaid House
Marlborough Hill
Harrow
Middlesex
HA1 1UD

Jamk Limited (Registered number: 00662868)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,431,584 2,601,756

CURRENT ASSETS
Debtors 5 48,003 8,230
Investments 6 20,679 20,646
Cash at bank 563,383 615,907
632,065 644,783
CREDITORS
Amounts falling due within one year 7 206,946 223,667
NET CURRENT ASSETS 425,119 421,116
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,856,703

3,022,872

CREDITORS
Amounts falling due after more than one
year

8

(69,594

)

(74,454

)

PROVISIONS FOR LIABILITIES (63,500 ) (81,500 )
NET ASSETS 2,723,609 2,866,918

CAPITAL AND RESERVES
Called up share capital 160,000 160,000
Revaluation reserve 9 1,386,575 1,538,575
Retained earnings 1,177,034 1,168,343
SHAREHOLDERS' FUNDS 2,723,609 2,866,918

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Jamk Limited (Registered number: 00662868)

Balance Sheet - continued
31 March 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 January 2024 and were signed on its behalf by:





K R J Maddison - Director


Jamk Limited (Registered number: 00662868)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Jamk Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on reducing balance

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial Instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate on interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities, including trade and other payables, bank loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt measurement is measured at the present value of the future payments discounted at a market rate of interest. FInancial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Jamk Limited (Registered number: 00662868)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Impairment of non-current assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Jamk Limited (Registered number: 00662868)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2022 2,600,000 33,448 2,633,448
Revaluations (170,000 ) - (170,000 )
At 31 March 2023 2,430,000 33,448 2,463,448
DEPRECIATION
At 1 April 2022 - 31,692 31,692
Charge for year - 172 172
At 31 March 2023 - 31,864 31,864
NET BOOK VALUE
At 31 March 2023 2,430,000 1,584 2,431,584
At 31 March 2022 2,600,000 1,756 2,601,756

Cost or valuation at 31 March 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2023 (170,000 ) - (170,000 )
Valuation in 2022 1,343,900 - 1,343,900
Valuation in 2012 275,675 - 275,675
Cost 980,425 33,448 1,013,873
2,430,000 33,448 2,463,448

The revaluation noted as having taken place in 2012 represents valuations undertaken prior to that date, but not detailed in this note.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,650 2,222
Other debtors 43,353 6,008
48,003 8,230

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Other 20,679 20,646

Jamk Limited (Registered number: 00662868)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 3,927 13,283
Other creditors 203,019 210,384
206,946 223,667

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 69,594 74,454

9. RESERVES
Revaluation
reserve
£   
At 1 April 2022 1,538,575
Revaluation (170,000 )
Provision 18,000

At 31 March 2023 1,386,575