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REGISTERED NUMBER: 06318714 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Jacben Ltd

Jacben Ltd (Registered number: 06318714)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Jacben Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: J Benhamou





SECRETARY: HLC Decobert





REGISTERED OFFICE: c/o Square Capital LLP
1 Cork Street Mews
London
W1S 3BL





REGISTERED NUMBER: 06318714 (England and Wales)





ACCOUNTANTS: AKM Consulting
Chartered Accountants
PO Box 84
Lewes
East Sussex
BN8 4XB

Jacben Ltd (Registered number: 06318714)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,292 24,203
Investments 5 3,097,011 3,002,731
3,113,303 3,026,934

CURRENT ASSETS
Debtors 6 1,080,173 1,189,136
Cash at bank 219,449 88,650
1,299,622 1,277,786
CREDITORS
Amounts falling due within one year 7 254,170 281,093
NET CURRENT ASSETS 1,045,452 996,693
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,158,755

4,023,627

PROVISIONS FOR LIABILITIES 39,836 31,069
NET ASSETS 4,118,919 3,992,558

CAPITAL AND RESERVES
Called up share capital 300 300
Fair value reserve 8 136,172 84,950
Retained earnings 8 3,982,447 3,907,308
SHAREHOLDERS' FUNDS 4,118,919 3,992,558

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Jacben Ltd (Registered number: 06318714)

Balance Sheet - continued
30 November 2023


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 August 2024 and were signed by:





J Benhamou - Director


Jacben Ltd (Registered number: 06318714)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Jacben Ltd 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
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on cost

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised 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, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

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.


Jacben Ltd (Registered number: 06318714)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
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.

Fixed asset investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Investments in joint ventures are measured at cost less impairment.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating result.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Office Motor
equipment vehicle Totals
£    £    £   
COST
At 1 December 2022 5,983 29,750 35,733
Additions 1,009 - 1,009
At 30 November 2023 6,992 29,750 36,742
DEPRECIATION
At 1 December 2022 3,782 7,748 11,530
Charge for year 1,482 7,438 8,920
At 30 November 2023 5,264 15,186 20,450
NET BOOK VALUE
At 30 November 2023 1,728 14,564 16,292
At 30 November 2022 2,201 22,002 24,203

Jacben Ltd (Registered number: 06318714)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST OR VALUATION
At 1 December 2022 3,002,731
Additions 148,279
Disposals (115,966 )
Revaluations 61,967
At 30 November 2023 3,097,011
NET BOOK VALUE
At 30 November 2023 3,097,011
At 30 November 2022 3,002,731

Cost or valuation at 30 November 2023 is represented by:

Unlisted
investments
£   
Valuation in 2023 1,813,769
Cost 1,283,242
3,097,011

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Investments in joint ventures are measured at cost less impairment.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,080,172 1,189,135
Other debtors 1 1
1,080,173 1,189,136

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 224,427 241,565
Other creditors 29,743 39,528
254,170 281,093

Jacben Ltd (Registered number: 06318714)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 December 2022 3,907,308 84,950 3,992,258
Profit for the year 781,474 781,474
Dividends (655,113 ) (655,113 )
Adjustment to fair value (61,967 ) 61,967 -
Movement on deferred tax 10,745 (10,745 ) -
At 30 November 2023 3,982,447 136,172 4,118,619

Jacben Ltd

Report of the Accountants to the Director of
Jacben Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2023 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






AKM Consulting
Chartered Accountants
PO Box 84
Lewes
East Sussex
BN8 4XB


30 August 2024