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REGISTERED NUMBER: 10829751 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Jelldy Investments Limited

Jelldy Investments Limited (Registered number: 10829751)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Jelldy Investments Limited (Registered number: 10829751)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Investment property 4 1,025,000 1,162,500

Current assets
Debtors 5 175,985 129,667
Cash at bank 13,737 3,213
189,722 132,880
Creditors: amounts falling due within
one year

6

254,012

267,396
Net current liabilities (64,290 ) (134,516 )
Total assets less current liabilities 960,710 1,027,984

Creditors: amounts falling due after
more than one year

7

(963,737

)

(860,232

)

Provisions for liabilities (2,565 ) (16,610 )
Net (liabilities)/assets (5,592 ) 151,142

Capital and reserves
Called up share capital 8 100 100
Fair value reserve 9 68,540 -
Retained earnings (74,232 ) 151,042
Shareholders' funds (5,592 ) 151,142

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 director acknowledges his 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.

Jelldy Investments Limited (Registered number: 10829751)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 March 2024 and were signed by:





E F Barakat - Director


Jelldy Investments Limited (Registered number: 10829751)

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

1. Statutory information

Jelldy Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10829751

Registered office: 2a Church Road
Hove
United Kingdom
East Sussex
BN3 2FL

The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£)

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 for rental income receivable during the year, stated net of discounts and of Value Added Tax.

Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued at its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Jelldy Investments Limited (Registered number: 10829751)

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

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences at the reporting date.

Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

3. Employees and directors

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

4. Investment property
Total
£   
Fair value
At 1 July 2022 1,162,500
Revaluations (137,500 )
At 30 June 2023 1,025,000
Net book value
At 30 June 2023 1,025,000
At 30 June 2022 1,162,500

The fair value of the property at the balance sheet date was determined by the director. The open market value based on similar properties is assumed to be the fair value.

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 175,985 129,667

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 4,375 5,875
Trade creditors 1,579 1,247
Taxation and social security 1,702 1,357
Other creditors 246,356 258,917
254,012 267,396

Jelldy Investments Limited (Registered number: 10829751)

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

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Other creditors 963,737 860,232

Creditors include liabilities of £963,737 (2022: £860,232) which are secured by the assets to which they relate.

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. Reserves
Fair
value
reserve
£   
Transfer 68,540

At 30 June 2023 68,540

10. Director's advances, credits and guarantees

During the year, the company advanced a director £638 (2022: £17,550) and he repaid £4,200 (2022: £17,347). At the year end, the director owed the company £4,988 (2022: £8,550). The advances were interest-free, unsecured and repayable on demand.