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REGISTERED NUMBER: 13203793 (England and Wales)














Unaudited Financial Statements

for the Year Ended 28 February 2023

for

JAC G LTD

JAC G LTD (REGISTERED NUMBER: 13203793)

Contents of the Financial Statements
for the year ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JAC G LTD

Company Information
for the year ended 28 February 2023







Director: Mrs S M Fowler





Registered office: Warren Farm
Whalebone Lane North
Romford
Essex
RM6 6RB





Registered number: 13203793 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE

JAC G LTD (REGISTERED NUMBER: 13203793)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Investment property 4 650,000 564,182

Current assets
Debtors 5 248 135
Cash at bank 3,092 102
3,340 237
Creditors
Amounts falling due within one year 6 637,968 567,183
Net current liabilities (634,628 ) (566,946 )
Total assets less current liabilities 15,372 (2,764 )

Provisions for liabilities 3,478 -
Net assets/(liabilities) 11,894 (2,764 )

Capital and reserves
Called up share capital 7 1 1
Revaluation reserve 8 14,829 -
Retained earnings (2,936 ) (2,765 )
Shareholders' funds 11,894 (2,764 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 February 2024 and were signed by:





Mrs S M Fowler - Director


JAC G LTD (REGISTERED NUMBER: 13203793)

Notes to the Financial Statements
for the year ended 28 February 2023


1. Statutory information

JAC G Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

4. Investment property
Total
£   
Fair value
At 1 March 2022 564,182
Additions 67,511
Revaluations 18,307
At 28 February 2023 650,000
Net book value
At 28 February 2023 650,000
At 28 February 2022 564,182

JAC G LTD (REGISTERED NUMBER: 13203793)

Notes to the Financial Statements - continued
for the year ended 28 February 2023


4. Investment property - continued

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2023 18,307
Cost 631,693
650,000

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 248 135

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Other creditors 637,968 567,183

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

8. Reserves
Revaluation
reserve
£   
Transfer 14,829

At 28 February 2023 14,829

9. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the year ended 28 February 2023 and the period ended 28 February 2022:

2023 2022
£    £   
Mrs S M Fowler
Balance outstanding at start of year (566,283 ) -
Amounts advanced - 1
Amounts repaid (70,784 ) (566,284 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (637,067 ) (566,283 )