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REGISTERED NUMBER: 12081059 (England and Wales)




















Financial Statements

for the Year Ended 31 July 2023

for

JAVERICK GROUP LTD

JAVERICK GROUP LTD (REGISTERED NUMBER: 12081059)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JAVERICK GROUP LTD

Company Information
for the Year Ended 31 July 2023







DIRECTORS: J C C Chong
Miss P K Ma





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 12081059 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

JAVERICK GROUP LTD (REGISTERED NUMBER: 12081059)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 5,061 10,123
Tangible assets 5 1,317 739
Investment property 6 180,703 142,153
187,081 153,015

CURRENT ASSETS
Debtors 7 3,026 316
Cash at bank 2,446 30,150
5,472 30,466
CREDITORS
Amounts falling due within one year 8 (217,434 ) (207,570 )
NET CURRENT LIABILITIES (211,962 ) (177,104 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(24,881

)

(24,089

)

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (24,981 ) (24,189 )
SHAREHOLDERS' FUNDS (24,881 ) (24,089 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 8 February 2024 and were signed on its behalf by:



J C C Chong - Director


JAVERICK GROUP LTD (REGISTERED NUMBER: 12081059)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Javerick Group 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.

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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Know how are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - Straight line over 3 years

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

JAVERICK GROUP LTD (REGISTERED NUMBER: 12081059)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2022
and 31 July 2023 25,309
AMORTISATION
At 1 August 2022 15,186
Charge for year 5,062
At 31 July 2023 20,248
NET BOOK VALUE
At 31 July 2023 5,061
At 31 July 2022 10,123

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022 520 1,757 2,277
Additions - 1,422 1,422
At 31 July 2023 520 3,179 3,699
DEPRECIATION
At 1 August 2022 312 1,226 1,538
Charge for year 104 740 844
At 31 July 2023 416 1,966 2,382
NET BOOK VALUE
At 31 July 2023 104 1,213 1,317
At 31 July 2022 208 531 739

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 142,153
Additions 38,550
At 31 July 2023 180,703
NET BOOK VALUE
At 31 July 2023 180,703
At 31 July 2022 142,153

JAVERICK GROUP LTD (REGISTERED NUMBER: 12081059)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 3,026 316

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other creditors 217,434 207,570

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100

10. GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.