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Company Registration No. 12120794 (England and Wales)
Nestings JQ Limited Unaudited accounts for the year ended 31 March 2023
Nestings JQ Limited Unaudited accounts Contents
Page
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Nestings JQ Limited Company Information for the year ended 31 March 2023
Director
N Vora
Company Number
12120794 (England and Wales)
Registered Office
The Jointworks 62-64 Albion Street Jewellery Quarter Birmingham B1 3EA
Accountants
R M Accountancy Services Ltd The Old Post Office 137-139 Long Street Dordon Staffordshire B78 1SH
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Nestings JQ Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,891 
7,034 
Investment property
2,355,596 
2,194,872 
2,369,487 
2,201,906 
Current assets
Debtors
6,962 
153,704 
Cash at bank and in hand
43,089 
62,242 
50,051 
215,946 
Creditors: amounts falling due within one year
(110,259)
(209,896)
Net current (liabilities)/assets
(60,208)
6,050 
Total assets less current liabilities
2,309,279 
2,207,956 
Creditors: amounts falling due after more than one year
(1,464,385)
(1,332,551)
Net assets
844,894 
875,405 
Capital and reserves
Called up share capital
300 
300 
Profit and loss account
844,594 
875,105 
Shareholders' funds
844,894 
875,405 
For the year ending 31 March 2023 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 director acknowledges his 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 and authorised for issue on 13 September 2024 and were signed on its behalf by
N Vora Director Company Registration No. 12120794
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Nestings JQ Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Nestings JQ Limited is a private company, limited by shares, registered in England and Wales, registration number 12120794. The registered office is The Jointworks, 62-64 Albion Street, Jewellery Quarter, Birmingham, B1 3EA.
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 as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Land & buildings
Over 20 years
Computer equipment
Over four years
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Nestings JQ Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2022
9,378 
Additions
12,268 
At 31 March 2023
21,646 
Depreciation
At 1 April 2022
2,344 
Charge for the year
5,411 
At 31 March 2023
7,755 
Net book value
At 31 March 2023
13,891 
At 31 March 2022
7,034 
5
Investment property
2023 
£ 
Fair value at 1 April 2022
2,194,872 
Additions
160,724 
At 31 March 2023
2,355,596 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
153,704 
Trade debtors
4,043 
- 
Accrued income and prepayments
2,505 
- 
Other debtors
414 
- 
6,962 
153,704 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
41,868 
79,935 
VAT
4,796 
- 
Trade creditors
44,806 
101,888 
Taxes and social security
- 
26,542 
Other creditors
8,967 
- 
Loans from directors
297 
250 
Accruals
9,525 
1,281 
110,259 
209,896 
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Nestings JQ Limited Notes to the Accounts for the year ended 31 March 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
730,581 
740,693 
Amounts owed to group undertakings and other participating interests
350,000 
350,000 
Deferred income
383,804 
241,858 
1,464,385 
1,332,551 
9
Transactions with related parties
During the year the company charged Rent totalling £36,000 (2022 : £Nil) to a related company. During the year the company incurred Marketing fees totalling £28,071 (2022 : £Nil) from a related company. During the year the company wrote back loans to a related company totalling (£50,000) (2022: £50,000). The balance between the parties at the balance sheet date is in creditors for £8,967 (2022:£Nil).
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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