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REGISTERED NUMBER: 08708810 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

JS XCHANGE LIMITED

JS XCHANGE LIMITED (REGISTERED NUMBER: 08708810)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


JS XCHANGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: J S Thomson





REGISTERED OFFICE: 1-2 Craven Road
Ealing
London
W5 2UA





REGISTERED NUMBER: 08708810 (England and Wales)






JS XCHANGE LIMITED (REGISTERED NUMBER: 08708810)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 8,612,000 6,290,000

CURRENT ASSETS
Debtors 5 235,960 9,680
Cash in hand 20,335 20,335
256,295 30,015
CREDITORS
Amounts falling due within one year 6 (852,337 ) (831,189 )
NET CURRENT LIABILITIES (596,042 ) (801,174 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,015,958

5,488,826

PROVISIONS FOR LIABILITIES (1,913,279 ) (728,560 )
NET ASSETS 6,102,679 4,760,266

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 7 5,739,838 4,317,052
Retained earnings 362,839 443,212
6,102,679 4,760,266

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 26 August 2024 and were signed by:



J S Thomson - Director


JS XCHANGE LIMITED (REGISTERED NUMBER: 08708810)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

JS Xchange 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 as modified by the revaluation of certain assets.

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiaries and associates are initially recognised at their estimated market value. Where the director has reason to believe the investment is imparied the investment is written down to its impaired value.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

JS XCHANGE LIMITED (REGISTERED NUMBER: 08708810)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST OR VALUATION
At 1 October 2022 6,290,000
Revaluations 2,322,000
At 30 September 2023 8,612,000
NET BOOK VALUE
At 30 September 2023 8,612,000
At 30 September 2022 6,290,000

Cost or valuation at 30 September 2023 is represented by:

Shares in
group
undertaking
£   
Valuation in 2018 719,727
Valuation in 2019 451,217
Valuation in 2020 340,201
Valuation in 2021 1,136,055
Valuation in 2022 3,642,800
Valuation in 2023 2,322,000
8,612,000

If the investment in shares had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 958,883 958,883

The fixed asset investments were valued on an offers basis basis on 30 September 2023 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 95,960 9,680
Other debtors 140,000 -
235,960 9,680

JS XCHANGE LIMITED (REGISTERED NUMBER: 08708810)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,148 -
Amounts owed to group undertakings 221,182 203,182
Other creditors 628,007 628,007
852,337 831,189

7. RESERVES
Revaluation
reserve
£   
At 1 October 2022 4,317,052
Revaluation gains/(losses) 1,422,786

At 30 September 2023 5,739,838

8. ULTIMATE CONTROLLING PARTY

The controlling party is J S Thomson.

The ultimate controlling party is J Stuart Thomson, the director, and Valerie L Thomson.

9. RELATED PARTY BALANCES

Included in Creditors is £608,964 (2022: £608,964) owned to the director and his family and £221,182 (2022: £203,182) owned to A&A UK Properties Limited, a company owned by the director and his family.

Included in Debtors is £95,960.32 (2022: £9,680) which is owned by (to) Johnsons Financial Management Limited.