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REGISTERED NUMBER: 01870606 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

JAZOLO LIMITED

JAZOLO LIMITED (REGISTERED NUMBER: 01870606)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JAZOLO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: R D Shaw





SECRETARY: Mrs M J Shaw





REGISTERED OFFICE: 12 Station Court
Station Approach
Wickford
Essex
SS11 7AT





REGISTERED NUMBER: 01870606 (England and Wales)





ACCOUNTANTS: Connah Goldsworthy
Chartered Certified Accountants
12 Station Court
Station Approach
Wickford
Essex
SS11 7AT

JAZOLO LIMITED (REGISTERED NUMBER: 01870606)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 651,418 651,418

CURRENT ASSETS
Debtors 5 396,963 397,527
Cash at bank 28,385 32,068
425,348 429,595
CREDITORS
Amounts falling due within one year 6 74,431 58,112
NET CURRENT ASSETS 350,917 371,483
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,002,335

1,022,901

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 992,335 1,012,901
SHAREHOLDERS' FUNDS 1,002,335 1,022,901

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

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

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 director and authorised for issue on 30 July 2024 and were signed by:





R D Shaw - Director


JAZOLO LIMITED (REGISTERED NUMBER: 01870606)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Jazolo Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided

The director considers that freehold properties are maintained in such a state of repair that their residual value is at least equal to their net book value. As a result, the corresponding depreciation would not be material and therefore is not charged in the profit and loss account.

Fixed asset investments are stated at cost less provision for diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 January 2023
and 31 December 2023 651,418
NET BOOK VALUE
At 31 December 2023 651,418
At 31 December 2022 651,418

A charge by way of a legal mortgage dated 2nd September 2005 has been given over the freehold land and property in favour of R.D. Shaw.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 394,837 394,837
Prepayments 2,126 2,690
396,963 397,527

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Tax 41,589 27,236
VAT 10,665 8,830
Other creditors 21,000 21,000
Directors' current accounts 46 30
Accrued expenses 1,131 1,016
74,431 58,112

JAZOLO LIMITED (REGISTERED NUMBER: 01870606)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. LEASING AGREEMENTS
The Company has no operating leases nor Hire Purchase commitments for the year under review

8. RELATED PARTY DISCLOSURES

At the year end, the company was owed the sum of £394,837 (2022 - £394,837) by its parent, Galverston Ltd. This amount is recorded in Current Assets.

Also, at the year end, the Director was owed £46 (2022 - £30) by the company and this is recorded under Current Liabilities.

9. ULTIMATE CONTROLLING PARTY

The controlling party is R D Shaw.

The ultimate controlling party is R D Shaw.