2022-07-312023-07-312023-07-31false04041974JARED 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JARED LIMITED

Registered Number
04041974
(England and Wales)

Unaudited Financial Statements for the Period ended
31 July 2023

JARED LIMITED
Company Information
for the period from 31 July 2022 to 31 July 2023

Director

D'CRUZ, Jared Matthew

Registered Address

2nd Floor Grove House
55 Lowlands Road
Harrow
HA1 3AW

Registered Number

04041974 (England and Wales)
JARED LIMITED
Balance Sheet as at
31 July 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets31,2211,552
Investments4231,192218,736
232,413220,288
Current assets
Cash at bank and on hand1,0494,655
1,0494,655
Creditors amounts falling due within one year5(5,535)(19,298)
Net current assets (liabilities)(4,486)(14,643)
Total assets less current liabilities227,927205,645
Creditors amounts falling due after one year6(5,772)(12,170)
Net assets222,155193,475
Capital and reserves
Called up share capital11
Other reserves25,242-
Profit and loss account196,912193,474
Shareholders' funds222,155193,475
The financial statements were approved and authorised for issue by the Director on 23 April 2024, and are signed on its behalf by:
D'CRUZ, Jared Matthew
Director
Registered Company No. 04041974
JARED LIMITED
Notes to the Financial Statements
for the period ended 31 July 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
Turnover is measured at the fair value of rent received or receivable, net of discounts and value added taxes.
Interest income
Interest income is recognised using the effective interest rate method.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment20
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. 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.
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20232022
Average number of employees during the year11
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 31 July 222,3152,315
At 31 July 232,3152,315
Depreciation and impairment
At 31 July 22763763
Charge for year331331
At 31 July 231,0941,094
Net book value
At 31 July 231,2211,221
At 30 July 221,5521,552
4.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 31 July 22218,736218,736
Revaluations12,45612,456
At 31 July 23231,192231,192
Net book value
At 31 July 23231,192231,192
At 30 July 22218,736218,736

Notes

1Other investments other than loans
5.Creditors: amounts due within one year

2023

2022

££
Bank borrowings and overdrafts3,228-
Other creditors86717,498
Accrued liabilities and deferred income1,4401,800
Total5,53519,298
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts5,77212,170
Total5,77212,170
The bank borrowings and overdrafts includes bounce back loan of £9,000 (2022: £12,170) which is backed by the government.
7.Related party transactions
Included in other creditors at the year end is an amount of £867 (2022:£17,498) due to the directors.