IRIS Accounts Production v24.1.9.2 01311255 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh013112552022-12-31013112552023-12-31013112552023-01-012023-12-31013112552021-12-31013112552022-01-012022-12-31013112552022-12-3101311255ns15:EnglandWales2023-01-012023-12-3101311255ns14:PoundSterling2023-01-012023-12-3101311255ns10:Director12023-01-012023-12-3101311255ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3101311255ns10:SmallEntities2023-01-012023-12-3101311255ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3101311255ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3101311255ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3101311255ns10:FullAccounts2023-01-012023-12-3101311255ns10:Director22023-01-012023-12-3101311255ns10:Director32023-01-012023-12-3101311255ns10:Director42023-01-012023-12-3101311255ns10:Director52023-01-012023-12-3101311255ns10:CompanySecretary12023-01-012023-12-3101311255ns10:RegisteredOffice2023-01-012023-12-3101311255ns5:CurrentFinancialInstruments2023-12-3101311255ns5:CurrentFinancialInstruments2022-12-3101311255ns5:ShareCapital2023-12-3101311255ns5:ShareCapital2022-12-3101311255ns5:ComputerEquipment2023-01-012023-12-3101311255ns5:LandBuildings2022-12-3101311255ns5:ComputerEquipment2022-12-3101311255ns5:LandBuildings2023-01-012023-12-3101311255ns5:LandBuildings2023-12-3101311255ns5:ComputerEquipment2023-12-3101311255ns5:LandBuildings2022-12-3101311255ns5:ComputerEquipment2022-12-3101311255ns5:CostValuation2022-12-3101311255ns5:DisposalsRepaymentsInvestments2023-12-3101311255ns5:CostValuation2023-12-3101311255ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3101311255ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3101311255ns5:RevaluationReserve2022-12-3101311255ns5:RevaluationReserve2023-12-31
REGISTERED NUMBER: 01311255 (England and Wales)















Financial Statements for the Year Ended 31st December 2023

for

Jambea Limited

Jambea Limited (Registered number: 01311255)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jambea Limited

Company Information
for the Year Ended 31st December 2023







DIRECTORS: Mr R C Quirk
Mrs A M Quirk
Ms F M Bebbington
Ms H C Quirk
Ms R J Wheeler





SECRETARY: Mrs A M Quirk





REGISTERED OFFICE: 61-65 Chapel Street
Billericay
Essex
CM12 9LT





REGISTERED NUMBER: 01311255 (England and Wales)

Jambea Limited (Registered number: 01311255)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,700,972 1,250,009
Investments 5 150,000 250,000
1,850,972 1,500,009

CURRENT ASSETS
Debtors 6 7,507 28,546
Cash at bank 900,625 146,528
908,132 175,074
CREDITORS
Amounts falling due within one year 7 64,508 121,597
NET CURRENT ASSETS 843,624 53,477
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,694,596

1,553,486

PROVISIONS FOR LIABILITIES 110,074 142,182
NET ASSETS 2,584,522 1,411,304

CAPITAL AND RESERVES
Called up share capital 105,000 105,000
Fair Value reserve 8 469,262 606,142
Retained earnings 2,010,260 700,162
2,584,522 1,411,304

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Jambea Limited (Registered number: 01311255)

Balance Sheet - continued
31st December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th September 2024 and were signed on its behalf by:





Mr R C Quirk - Director


Jambea Limited (Registered number: 01311255)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Jambea 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.

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.
Office equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

Jambea Limited (Registered number: 01311255)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

4. TANGIBLE FIXED ASSETS
Freehold Office
property equipment Totals
£    £    £   
COST OR VALUATION
At 1st January 2023 1,250,000 7,191 1,257,191
Additions 518,989 1,002 519,991
Revaluations (68,989 ) - (68,989 )
At 31st December 2023 1,700,000 8,193 1,708,193
DEPRECIATION
At 1st January 2023 - 7,182 7,182
Charge for year - 39 39
At 31st December 2023 - 7,221 7,221
NET BOOK VALUE
At 31st December 2023 1,700,000 972 1,700,972
At 31st December 2022 1,250,000 9 1,250,009

Cost or valuation at 31st December 2023 is represented by:

Freehold Office
property equipment Totals
£    £    £   
Valuation in 2020 2,789 - 2,789
Valuation in 2022 645,534 - 645,534
Valuation in 2023 (68,988 ) - (68,988 )
Cost 1,120,665 8,193 1,128,858
1,700,000 8,193 1,708,193

Properties have been revalued to market value by the directors.

Jambea Limited (Registered number: 01311255)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2023 250,000
Disposals (100,000 )
At 31st December 2023 150,000
NET BOOK VALUE
At 31st December 2023 150,000
At 31st December 2022 250,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings - 24,192
Other debtors 6,961 3,674
VAT 546 680
7,507 28,546

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 58,059 112,287
Taxation and social security 1,978 4,609
Other creditors 4,471 4,701
64,508 121,597

8. RESERVES
Fair
Value
reserve
£   
At 1st January 2023 606,142
Freehold property (136,880 )

At 31st December 2023 469,262

Jambea Limited (Registered number: 01311255)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

9. ULTIMATE CONTROLLING PARTY

The controlling party is the AC RQ Trust & the AC AQ Trust.

Trustees are Roger and Angela Quirk, Harriet Quirk, Roslaind Wheeler and Fiona Bebbington.