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REGISTERED NUMBER: 12822671 (England and Wales)




















Financial Statements

for the period

1 September 2022 to 31 December 2023

for

Java Mill Investments Limited

Java Mill Investments Limited (Registered number: 12822671)






Contents of the Financial Statements
for the period 1 September 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 7


Java Mill Investments Limited

Company Information
for the period 1 September 2022 to 31 December 2023







DIRECTORS: Mrs V I Miller
J L Miller





REGISTERED OFFICE: Pacioli House
9 Brookfield
Duncan Close
Northampton
Northamptonshire
NN3 6WL





REGISTERED NUMBER: 12822671 (England and Wales)





AUDITORS: Clifford Roberts
Chartered Accountants &
Statutory Auditors
Pacioli House
9 Brookfield
Duncan Close
Northampton
Northamptonshire
NN3 6WL

Java Mill Investments Limited (Registered number: 12822671)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 - 554,826
Investment property 5 152,459 152,459
152,459 707,285

CURRENT ASSETS
Debtors 6 - 475
Investments 7 1,477,596 814,496
Cash at bank 33,687 36,026
1,511,283 850,997
CREDITORS
Amounts falling due within one year 8 1,527,613 1,511,201
NET CURRENT LIABILITIES (16,330 ) (660,204 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

136,129

47,081

CREDITORS
Amounts falling due after more than one
year

9

87,995

87,995
NET ASSETS/(LIABILITIES) 48,134 (40,914 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 48,034 (41,014 )
SHAREHOLDERS' FUNDS 48,134 (40,914 )

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 Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





J L Miller - Director


Java Mill Investments Limited (Registered number: 12822671)

Notes to the Financial Statements
for the period 1 September 2022 to 31 December 2023

1. STATUTORY INFORMATION

Java Mill Investments 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.

The company's principal place of business is 2 Gate Lodge Close, Round Spinney, Northampton, NN3 8RJ.

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 provision 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.

The financial statements are presented in Sterling (£) and cover the period to 31st December. The prior period was for the year ended 31st August. This results in the comparatives being not entirely comparable.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the invoiced rental, stated net of value added tax. The turnover is wholly attributable to the rental of the investment property and arose entirely within the United Kingdom.

Investment income
Income from investments is included in the profit and loss in the accounting period in which it is received.

Investments
Investments comprise of quoted shares held at fair value. Changes in fair value are recognised in profit or loss. Investments in shares (other than shares of a subsidiary, associate or joint venture) are required to be carried at fair value through profit or loss, provided that they are publicly traded, or fair value can be measured reliably, for example by using a valuation technique. Where fair value cannot be measured reliably, then the investment is carried at cost less impairment.

Investment property
Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the income statement.

Java Mill Investments Limited (Registered number: 12822671)

Notes to the Financial Statements - continued
for the period 1 September 2022 to 31 December 2023

2. ACCOUNTING POLICIES - continued

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at undiscounted cost less impairment losses for bad and doubtful debts.

Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method unless the effect of discounting would be immaterial, in which case they are stated at undiscounted cost.

Taxation
Taxation for the period 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 period 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 period was NIL (2022 - NIL).

Java Mill Investments Limited (Registered number: 12822671)

Notes to the Financial Statements - continued
for the period 1 September 2022 to 31 December 2023

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2022 554,826
Reclassification/transfer (554,826 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 August 2022 554,826

The listed investments are now being actively traded and have been reclassified to current assets.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 December 2023 152,459
NET BOOK VALUE
At 31 December 2023 152,459
At 31 August 2022 152,459

All the above assets were held for use in operating leases.

The investment property was acquired in April 2021. The directors regard the open market cost of the investment to be an appropriate approximation of the fair value of the property as at the year end, having given due regard to the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset.

Therefore there is no change in value to recognise through the income statement in the current year and no associated deferred tax to provide for.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 475

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 600,900 -
Fixed income bond 876,696 814,496
1,477,596 814,496

Listed investments includes £18,913 of cash held within broker accounts. The cost of the listed investments as at the year end was £573,430.

Java Mill Investments Limited (Registered number: 12822671)

Notes to the Financial Statements - continued
for the period 1 September 2022 to 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 500 -
Amounts owed to group undertakings 1,509,900 -
Taxation and social security 9,472 -
Other creditors 7,741 1,511,201
1,527,613 1,511,201

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 87,995 87,995

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 87,995 87,995

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 87,995 87,995

The loan is secured by a standard mortgage deed in favour of the Mortgage Works (UK) Plc dated 30th June 2021, incorporating a fixed charge and negative pledge over the associated investment property.

11. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified and signed by Mr Robert Dearing BEng FCA (Senior
Statutory Auditor), for and on behalf of Clifford Roberts Chartered Accountants. The financial statements of the company for the year ended 31st August, 2022 were not audited.

13. RELATED PARTY DISCLOSURES

Other related parties
2023 2022
£ £
Amount owed to related party - 1,510,000

The amount owed to a related party was interest free and was included within other creditors.

Java Mill Investments Limited (Registered number: 12822671)

Notes to the Financial Statements - continued
for the period 1 September 2022 to 31 December 2023

14. ULTIMATE CONTROLLING PARTY

The directors consider that the ultimate parent company is Overstone Holdings Limited, which owns 100% of the issued ordinary share capital. Overstone Holdings Limited is a company registered in England that shares the same registered office as Java Mill Investments Limited.

Overstone Holdings Limited's consolidated financial statements are available at Companies House.