2022-12-012023-11-302023-11-30false11681410JALAPENO VENTURES LTD2024-08-27iso4217:GBPxbrli:pure116814102022-12-01116814102023-11-30116814102022-12-012023-11-30116814102021-12-01116814102022-11-30116814102021-12-012022-11-3011681410bus:SmallEntities2022-12-012023-11-3011681410bus:AuditExempt-NoAccountantsReport2022-12-012023-11-3011681410bus:FullAccounts2022-12-012023-11-3011681410bus:PrivateLimitedCompanyLtd2022-12-012023-11-3011681410core:WithinOneYear2023-11-3011681410core:AfterOneYear2023-11-3011681410core:WithinOneYear2022-11-3011681410core:AfterOneYear2022-11-3011681410core:ShareCapital2023-11-3011681410core:SharePremium2023-11-3011681410core:RevaluationReserve2023-11-3011681410core:OtherReservesSubtotal2023-11-3011681410core:RetainedEarningsAccumulatedLosses2023-11-3011681410core:ShareCapital2022-11-3011681410core:SharePremium2022-11-3011681410core:RevaluationReserve2022-11-3011681410core:OtherReservesSubtotal2022-11-3011681410core:RetainedEarningsAccumulatedLosses2022-11-3011681410core:LandBuildings2023-11-3011681410core:PlantMachinery2023-11-3011681410core:Vehicles2023-11-3011681410core:FurnitureFittings2023-11-3011681410core:OfficeEquipment2023-11-3011681410core:NetGoodwill2023-11-3011681410core:IntangibleAssetsOtherThanGoodwill2023-11-3011681410core:ListedExchangeTraded2023-11-3011681410core:UnlistedNon-exchangeTraded2023-11-3011681410core:LandBuildings2022-11-3011681410core:PlantMachinery2022-11-3011681410core:Vehicles2022-11-3011681410core:FurnitureFittings2022-11-3011681410core:OfficeEquipment2022-11-3011681410core:NetGoodwill2022-11-3011681410core:IntangibleAssetsOtherThanGoodwill2022-11-3011681410core:ListedExchangeTraded2022-11-3011681410core:UnlistedNon-exchangeTraded2022-11-3011681410core:LandBuildings2022-12-012023-11-3011681410core:PlantMachinery2022-12-012023-11-3011681410core:Vehicles2022-12-012023-11-3011681410core:FurnitureFittings2022-12-012023-11-3011681410core:OfficeEquipment2022-12-012023-11-3011681410core:NetGoodwill2022-12-012023-11-3011681410core:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3011681410core:ListedExchangeTraded2022-12-012023-11-3011681410core:UnlistedNon-exchangeTraded2022-12-012023-11-3011681410core:MoreThanFiveYears2022-12-012023-11-3011681410core:Non-currentFinancialInstruments2023-11-3011681410core:Non-currentFinancialInstruments2022-11-3011681410dpl:CostSales2022-12-012023-11-3011681410dpl:DistributionCosts2022-12-012023-11-3011681410core:LandBuildings2022-12-012023-11-3011681410core:PlantMachinery2022-12-012023-11-3011681410core:Vehicles2022-12-012023-11-3011681410core:FurnitureFittings2022-12-012023-11-3011681410core:OfficeEquipment2022-12-012023-11-3011681410dpl:AdministrativeExpenses2022-12-012023-11-3011681410core:NetGoodwill2022-12-012023-11-3011681410core:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3011681410dpl:GroupUndertakings2022-12-012023-11-3011681410dpl:ParticipatingInterests2022-12-012023-11-3011681410dpl:GroupUndertakingscore:ListedExchangeTraded2022-12-012023-11-3011681410core:ListedExchangeTraded2022-12-012023-11-3011681410dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-12-012023-11-3011681410core:UnlistedNon-exchangeTraded2022-12-012023-11-3011681410dpl:CostSales2021-12-012022-11-3011681410dpl:DistributionCosts2021-12-012022-11-3011681410core:LandBuildings2021-12-012022-11-3011681410core:PlantMachinery2021-12-012022-11-3011681410core:Vehicles2021-12-012022-11-3011681410core:FurnitureFittings2021-12-012022-11-3011681410core:OfficeEquipment2021-12-012022-11-3011681410dpl:AdministrativeExpenses2021-12-012022-11-3011681410core:NetGoodwill2021-12-012022-11-3011681410core:IntangibleAssetsOtherThanGoodwill2021-12-012022-11-3011681410dpl:GroupUndertakings2021-12-012022-11-3011681410dpl:ParticipatingInterests2021-12-012022-11-3011681410dpl:GroupUndertakingscore:ListedExchangeTraded2021-12-012022-11-3011681410core:ListedExchangeTraded2021-12-012022-11-3011681410dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-12-012022-11-3011681410core:UnlistedNon-exchangeTraded2021-12-012022-11-3011681410core:NetGoodwill2023-11-3011681410core:IntangibleAssetsOtherThanGoodwill2023-11-3011681410core:LandBuildings2023-11-3011681410core:PlantMachinery2023-11-3011681410core:Vehicles2023-11-3011681410core:FurnitureFittings2023-11-3011681410core:OfficeEquipment2023-11-3011681410core:AfterOneYear2023-11-3011681410core:WithinOneYear2023-11-3011681410core:ListedExchangeTraded2023-11-3011681410core:UnlistedNon-exchangeTraded2023-11-3011681410core:ShareCapital2023-11-3011681410core:SharePremium2023-11-3011681410core:RevaluationReserve2023-11-3011681410core:OtherReservesSubtotal2023-11-3011681410core:RetainedEarningsAccumulatedLosses2023-11-3011681410core:NetGoodwill2022-11-3011681410core:IntangibleAssetsOtherThanGoodwill2022-11-3011681410core:LandBuildings2022-11-3011681410core:PlantMachinery2022-11-3011681410core:Vehicles2022-11-3011681410core:FurnitureFittings2022-11-3011681410core:OfficeEquipment2022-11-3011681410core:AfterOneYear2022-11-3011681410core:WithinOneYear2022-11-3011681410core:ListedExchange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JALAPENO VENTURES LTD

Registered Number
11681410
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

JALAPENO VENTURES LTD
Company Information
for the year from 1 December 2022 to 30 November 2023

Directors

Mr D S Albone
Mr J A Albone

Registered Address

12 Tentercroft Street
Lincoln
LN5 7DB

Place of Business

Home Farm

Scawby

Brigg

North Lincolnshire

DN20 9AF


Registered Number

11681410 (England and Wales)
JALAPENO VENTURES LTD
Balance Sheet as at
30 November 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3512,250512,250
512,250512,250
Current assets
Stocks4-7,136
Debtors5123,116111,981
Cash at bank and on hand5224,824
123,638123,941
Creditors amounts falling due within one year6(610,837)(619,567)
Net current assets (liabilities)(487,199)(495,626)
Total assets less current liabilities25,05116,624
Net assets25,05116,624
Capital and reserves
Called up share capital200200
Profit and loss account24,85116,424
Shareholders' funds25,05116,624
The financial statements were approved and authorised for issue by the Board of Directors on 27 August 2024, and are signed on its behalf by:
Mr D S Albone
Director
Mr J A Albone
Director

Registered Company No. 11681410
JALAPENO VENTURES LTD
Notes to the Financial Statements
for the year ended 30 November 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.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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).
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows: Land & Buildings - not depreciated
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Trade and other 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.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other 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.
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.
Government grants or assistance
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
2.Average number of employees

20232022
Average number of employees during the year22
3.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
At 01 December 22512,250512,250
At 30 November 23512,250512,250
Net book value
At 30 November 23512,250512,250
At 30 November 22512,250512,250
Included within the net book value of land and buildings above is £512,250 (2022 - £512,250) in respect of freehold land and buildings.
4.Stocks

2023

2022

££
Raw materials and consumables-7,136
Total-7,136
5.Debtors: amounts due within one year

2023

2022

££
Other debtors48137
Prepayments and accrued income123,068111,844
Total123,116111,981
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables-288
Taxation and social security1,9872,919
Other creditors608,250600,250
Accrued liabilities and deferred income60016,110
Total610,837619,567