Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2022-10-01No description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14225859 2022-10-01 2024-03-31 14225859 2022-07-11 2022-09-30 14225859 2024-03-31 14225859 2022-09-30 14225859 c:Director1 2022-10-01 2024-03-31 14225859 c:RegisteredOffice 2022-10-01 2024-03-31 14225859 d:FreeholdInvestmentProperty 2022-10-01 2024-03-31 14225859 d:FreeholdInvestmentProperty 2024-03-31 14225859 d:CurrentFinancialInstruments 2024-03-31 14225859 d:CurrentFinancialInstruments 2022-09-30 14225859 d:Non-currentFinancialInstruments 2024-03-31 14225859 d:Non-currentFinancialInstruments 2022-09-30 14225859 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14225859 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 14225859 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 14225859 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 14225859 d:ShareCapital 2024-03-31 14225859 d:ShareCapital 2022-09-30 14225859 d:RetainedEarningsAccumulatedLosses 2024-03-31 14225859 d:RetainedEarningsAccumulatedLosses 2022-09-30 14225859 c:FRS102 2022-10-01 2024-03-31 14225859 c:AuditExempt-NoAccountantsReport 2022-10-01 2024-03-31 14225859 c:FullAccounts 2022-10-01 2024-03-31 14225859 c:PrivateLimitedCompanyLtd 2022-10-01 2024-03-31 14225859 2 2022-10-01 2024-03-31 14225859 e:PoundSterling 2022-10-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 14225859







UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 MARCH 2024


J.A.R PROPERTY VENTURES LIMITED






































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J.A.R PROPERTY VENTURES LIMITED
 


 
COMPANY INFORMATION


Director
Mr J Redding 




Registered number
14225859



Registered office
5 Westfield Road

Southsea

Hampshire

PO4 9EP




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


J.A.R PROPERTY VENTURES LIMITED
 



CONTENTS



Page
Balance Sheet
1 - 2
Notes to the Financial Statements
3 - 6


 


J.A.R PROPERTY VENTURES LIMITED
REGISTERED NUMBER:14225859



BALANCE SHEET
AS AT 31 MARCH 2024

31 March
30 September
2024
2022
Note
£
£

Fixed assets
  

Investment property
 4 
269,915
-

  
269,915
-

Current assets
  

Cash at bank and in hand
  
8,499
1

  
8,499
1

Creditors: amounts falling due within one year
 5 
(88,665)
-

Net current (liabilities)/assets
  
 
 
(80,166)
 
 
1

Total assets less current liabilities
  
189,749
1

Creditors: amounts falling due after more than one year
 6 
(189,436)
-

  

Net assets
  
313
1


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
312
-

  
313
1


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 July 2024.




Mr J Redding
Director
Page 1

 


J.A.R PROPERTY VENTURES LIMITED
REGISTERED NUMBER:14225859


    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


J.A.R PROPERTY VENTURES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

J.A.R Property Ventures Limited is a private company limited by shares, registered in England and Wales. The address of it's registered office is disclosed on the company information page.
The accounts have been prepared for the period 1 October 2022 to 31 March 2024 to bring the year end in line with the tax year end.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Page 3

 


J.A.R PROPERTY VENTURES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” 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 trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Page 4

 


J.A.R PROPERTY VENTURES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the period was 1 (2022 - 1).


4.


Investment property





Freehold investment property

£



Valuation


Additions at cost
269,915



At 31 March 2024
269,915

The 2024 valuations were made by the director, on an open market value for existing use basis.








5.


Creditors: Amounts falling due within one year

31 March
30 September
2024
2022
£
£

Bank loans
8,492
-

Corporation tax
73
-

Other creditors
78,100
-

Accruals and deferred income
2,000
-

88,665
-



6.


Creditors: Amounts falling due after more than one year

31 March
30 September
2024
2022
£
£

Bank loans
189,436
-

189,436
-


Included within bank loans due in more than one year is £155,468 that is due in more than five years. This amount is repayable by installments.
Bank loans are secured on the property held in the company.

Page 5

 


J.A.R PROPERTY VENTURES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

7.


Related party transactions

Included within the creditors due within one year are amounts due to the director amounting to £78,099. This balance is undated and interest free.

 
Page 6