Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31true2022-08-01falseThe principal activity of the company in the period under review was that of providing the service of daycarefacilities to children between 3 months and 5 years of age.23trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07655620 2022-08-01 2023-07-31 07655620 2021-08-01 2022-07-31 07655620 2023-07-31 07655620 2022-07-31 07655620 c:Director1 2022-08-01 2023-07-31 07655620 d:PlantMachinery 2022-08-01 2023-07-31 07655620 d:MotorVehicles 2022-08-01 2023-07-31 07655620 d:MotorVehicles 2023-07-31 07655620 d:MotorVehicles 2022-07-31 07655620 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 07655620 d:FurnitureFittings 2022-08-01 2023-07-31 07655620 d:FurnitureFittings 2023-07-31 07655620 d:FurnitureFittings 2022-07-31 07655620 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 07655620 d:ComputerEquipment 2022-08-01 2023-07-31 07655620 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 07655620 d:FreeholdInvestmentProperty 2023-07-31 07655620 d:FreeholdInvestmentProperty 2022-07-31 07655620 d:CurrentFinancialInstruments 2023-07-31 07655620 d:CurrentFinancialInstruments 2022-07-31 07655620 d:Non-currentFinancialInstruments 2023-07-31 07655620 d:Non-currentFinancialInstruments 2022-07-31 07655620 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 07655620 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 07655620 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 07655620 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 07655620 d:ShareCapital 2023-07-31 07655620 d:ShareCapital 2022-07-31 07655620 d:RevaluationReserve 2023-07-31 07655620 d:RevaluationReserve 2022-07-31 07655620 d:RetainedEarningsAccumulatedLosses 2023-07-31 07655620 d:RetainedEarningsAccumulatedLosses 2022-07-31 07655620 c:FRS102 2022-08-01 2023-07-31 07655620 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 07655620 c:FullAccounts 2022-08-01 2023-07-31 07655620 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 07655620 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 07655620 d:AcceleratedTaxDepreciationDeferredTax 2022-07-31 07655620 d:OtherDeferredTax 2023-07-31 07655620 d:OtherDeferredTax 2022-07-31 07655620 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-07-31 07655620 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-07-31 iso4217:GBP xbrli:pure

Registered number: 07655620










KAMJACK LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

 
KAMJACK LTD
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 8


 
KAMJACK LTD
REGISTERED NUMBER: 07655620

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
65,117
49,897

Investment property
 5 
800,000
800,000

  
865,117
849,897

Current assets
  

Debtors: amounts falling due within one year
 6 
20,515
7,189

Cash at bank and in hand
  
209,003
99,334

  
229,518
106,523

Creditors: amounts falling due within one year
 7 
(329,499)
(129,105)

Net current liabilities
  
 
 
(99,981)
 
 
(22,582)

Total assets less current liabilities
  
765,136
827,315

Creditors: amounts falling due after more than one year
 8 
-
(5,385)

Provisions for liabilities
  

Deferred tax
 9 
(82,680)
(85,728)

Net assets
  
682,456
736,202


Capital and reserves
  

Called up share capital 
  
2
2

Investment property revaluation reserve
  
229,008
214,104

Profit and loss account
  
453,446
522,096

  
682,456
736,202


Page 1

 
KAMJACK LTD
REGISTERED NUMBER: 07655620
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 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 statement of comprehensive income 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 on 5 February 2024.




Mr M A Jack
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
KAMJACK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Kamjack Ltd, formerly Selly Oak Tree Day Nursery Limited, (the Company) is a private company limited by shares, incorporated and domiciled in England. The address of the registered office is Rutland House, 148 Edmund Street, Birmingham B3 2FD.
The company's principal activity in the year was that of property investment and development.

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 financial statements are presented in Sterling (£).

The following principal accounting policies have been applied:

 
2.2

Going concern

The company is dependent on financial support from the directors. The directors have considered the position of the business and it's future cash flows and have indicated that they will provide the financial support necessary to enable the company to continue in operational existence for the foreseeable future.
Accordingly, the financial statements have been prepared on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 
Turnover represents fees receivable during the year from the income recognised on an accruals basis relating to rentals receivable on investment property

 
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.

Page 3

 
KAMJACK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

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

Depreciation is provided on the following basis:

Plant, fixtures & fittings
-
25% on reducing balance
Motor vehicles
-
25% on reducing balance
Computer equipment
-
33% on reducing balance

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.

 
2.5

Investment property

Investment property is 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 the profit and loss account.

 
2.6

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 and loans to related parties.

 
2.7

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.

 
2.8

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

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

 
2.10

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 4

 
KAMJACK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.11

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 3).

Page 5

 
KAMJACK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Tangible fixed assets





Motor vehicles
Plant, fixtures and fittings
Total

£
£
£



Cost


At 1 August 2022
41,386
32,759
74,145


Additions
81,208
-
81,208


Disposals
(74,846)
-
(74,846)



At 31 July 2023

47,748
32,759
80,507



Depreciation


At 1 August 2022
18,106
6,142
24,248


Charge for the year on owned assets
2,594
6,654
9,248


Disposals
(18,106)
-
(18,106)



At 31 July 2023

2,594
12,796
15,390



Net book value



At 31 July 2023
45,154
19,963
65,117



At 31 July 2022
23,280
26,617
49,897

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
-
23,280

Page 6

 
KAMJACK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 August 2022
800,000



At 31 July 2023
800,000

The 2023 valuations were made by the directors, on an open market value for existing use basis.



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
504,592
504,592


6.


Debtors

2023
2022
£
£


Other debtors
20,515
7,189



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to related parties
317,225
117,507

Obligations under hire purchase contracts - secured on related assets
-
6,462

Other creditors
220
-

Accruals and deferred income
12,054
5,136

329,499
129,105


Page 7

 
KAMJACK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Obligations under hire purchase contracts - secured on related assets
-
5,385



9.


Deferred taxation




2023


£






At beginning of year
(85,728)


Charged to profit or loss
3,048



At end of year
(82,680)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(16,280)
(4,424)

On fair value adjustment
(66,400)
(81,304)

(82,680)
(85,728)


10.


Directors' benefits: advances, credit and guarantees

At the balance sheet date £Nil was owed by a director (2022: £8,626). Payments of £Nil (2022:  £8,626) were made, with repayments of £8,626 (2022: £73,421) made in the year, and the maximum amount outstanding during the year was £8,626 (2022: £73,421). The loan was unsecured and interest-free.


11.


Related party transactions

Included within other creditors is a loan of £317,225 from a related undertaking, a company in which the directors are shareholders (2022: £117,507). The loan is unsecured, interest free and repayable on demand. Rent of £54,000 was received from the same related undertaking in the year (2022: £44,000).
There was an informal lease arrangement between a director and the company whereby the company rented a property from a director. Rent of £Nil was paid to the director in the year (2022: £6,000).

 
Page 8