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REGISTERED NUMBER: 06294162 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

JB FinTech Limited

JB FinTech Limited (Registered number: 06294162)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JB FinTech Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: J Bagchi
A Bagchi





REGISTERED OFFICE: 1 Cornwallis Avenue
New Eltham
London
London
SE9 3RF





REGISTERED NUMBER: 06294162 (England and Wales)





ACCOUNTANTS: Caroola Accountancy Limited
12th Floor
30 Crown Place
London
EC2A 2AL

JB FinTech Limited (Registered number: 06294162)

Balance Sheet
30 June 2023

30/6/23 30/6/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,068 2,191
Investments 5 36,385 51,478
37,453 53,669

CURRENT ASSETS
Debtors 6 - 1,123
Cash at bank 15,881 23,359
15,881 24,482
CREDITORS
Amounts falling due within one year 7 1,889 (1,350 )
NET CURRENT ASSETS 13,992 25,832
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,445

79,501

CREDITORS
Amounts falling due after more than one
year

8

-

270
NET ASSETS 51,445 79,231

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 51,345 79,131
SHAREHOLDERS' FUNDS 51,445 79,231

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

JB FinTech Limited (Registered number: 06294162)

Balance Sheet - continued
30 June 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 3 March 2024 and were signed on its behalf by:




J Bagchi - Director



A Bagchi - Director


JB FinTech Limited (Registered number: 06294162)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

JB FinTech 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.

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 - 25% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

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

JB FinTech Limited (Registered number: 06294162)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 6,409
Additions 639
At 30 June 2023 7,048
DEPRECIATION
At 1 July 2022 4,218
Charge for year 1,762
At 30 June 2023 5,980
NET BOOK VALUE
At 30 June 2023 1,068
At 30 June 2022 2,191

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2022 51,478
Additions 837
Disposals (629 )
Share of profit/(loss) (15,394 )
Exchange differences 93
At 30 June 2023 36,385
NET BOOK VALUE
At 30 June 2023 36,385
At 30 June 2022 51,478

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Other debtors - 1,123

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Taxation and social security 1,875 (1,363 )
Other creditors 14 13
1,889 (1,350 )

JB FinTech Limited (Registered number: 06294162)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/23 30/6/22
£    £   
Amounts owed to participating interests - 270

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Bagchi.