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Company Registration No. 04266265 (England and Wales)
Jet Set ET Limited Unaudited accounts for the year ended 30 April 2024
Jet Set ET Limited Unaudited accounts Contents
Page
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Jet Set ET Limited Company Information for the year ended 30 April 2024
Directors
M I King Mrs S King
Company Number
04266265 (England and Wales)
Registered Office
21 East Street Bromley Kent BR1 1QE
Accountants
KJK Associates Ltd 21 East Street Bromley Kent BR1 1QE
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Jet Set ET Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,987 
1,091 
Investment property
894,966 
894,966 
Investments
35,750 
21,160 
932,703 
917,217 
Current assets
Debtors
3,264 
5,660 
Cash at bank and in hand
194,636 
194,346 
197,900 
200,006 
Creditors: amounts falling due within one year
(86,903)
(143,907)
Net current assets
110,997 
56,099 
Net assets
1,043,700 
973,316 
Capital and reserves
Called up share capital
1,005 
1,005 
Profit and loss account
1,042,695 
972,311 
Shareholders' funds
1,043,700 
973,316 
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2024 and were signed on its behalf by
M I King Director Company Registration No. 04266265
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Jet Set ET Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Jet Set ET Limited is a private company, limited by shares, registered in England and Wales, registration number 04266265. The registered office is 21 East Street, Bromley, Kent, BR1 1QE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
15% reducing balance
Investment property
Investment property is included at the most recent valuation. Gains or losses arising from changes in market value are recognised in the income statement. Deferred taxation is provided on any gains at the rate expected to apply when the property is sold. Whilst this policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation is only one of the many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
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Jet Set ET Limited Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
67,423 
4,981 
72,404 
Additions
- 
1,332 
1,332 
At 30 April 2024
67,423 
6,313 
73,736 
Depreciation
At 1 May 2023
66,694 
4,619 
71,313 
Charge for the year
182 
254 
436 
At 30 April 2024
66,876 
4,873 
71,749 
Net book value
At 30 April 2024
547 
1,440 
1,987 
At 30 April 2023
729 
362 
1,091 
5
Investment property
2024 
£ 
Fair value at 1 May 2023
894,966 
At 30 April 2024
894,966 
6
Investments
Other investments 
£ 
Valuation at 1 May 2023
21,160 
Additions
18,700 
Disposals
(4,110)
Valuation at 30 April 2024
35,750 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
2,445 
Accrued income and prepayments
3,264 
3,215 
3,264 
5,660 
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Jet Set ET Limited Notes to the Accounts for the year ended 30 April 2024
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,340 
- 
Taxes and social security
227 
1,612 
Other creditors
40,800 
40,800 
Loans from directors
24,271 
96,369 
Accruals
5,447 
5,126 
Deferred income
11,818 
- 
86,903 
143,907 
Bank loans are secured on the investment property.
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary A shares of £1 each
1,000 
1,000 
5 Ordinary B shares of £1 each
5 
5 
1,005 
1,005 
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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