Registered number
05803603
JADE VENTURES LIMITED
Filleted Accounts
31 December 2023
JADE VENTURES LIMITED
Registered number: 05803603
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 343 -
Cash at bank and in hand 34,570 85,815
34,913 85,815
Creditors: amounts falling due within one year 4 (44,174) (95,219)
Net current liabilities (9,261) (9,404)
Net liabilities (9,261) (9,404)
Capital and reserves
Called up share capital 2,000 2,000
Profit and loss account (11,261) (11,404)
Shareholders' funds (9,261) (9,404)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N M Kapadia
Director
Approved by the board on 12 March 2024
JADE VENTURES LIMITED
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Going concern
Accounts are prepared on going concern basis despite of the fact that the company has negative balance sheet on the basis that creditors have confirmed that they will not seek repayment of the amount due to them untill company becomes profitable and able to sustain financially.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2023 2022
£ £
Trade debtors 125 -
Other debtors 218 -
343 -
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,000 1,093
Other creditors 43,174 94,126
44,174 95,219
5 Other information
JADE VENTURES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
1st Floor
43/45 Dorset Street
Marylebone
W1U 7NA
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