Company registration number:
10579640
JASPSA Ltd
Unaudited filleted financial statements
31 March 2024
JASPSA Ltd
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
JASPSA Ltd
Directors and other information
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Directors |
Dr Thusith J. Wickrama |
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Aditha Wickrama |
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Company number |
10579640 |
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Registered office |
26 Westpark Avenue |
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Billericay |
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CM12 9EF |
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Accountants |
BG Partnership |
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4th floor |
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58-59 Great Marlborough Street |
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London |
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W1F 7JY |
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JASPSA Ltd
Statement of financial position
31 March 2024
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2024 |
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2023 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Investments |
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4 |
721,713 |
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721,713 |
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_______ |
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_______ |
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721,713 |
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721,713 |
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Current assets |
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Cash at bank and in hand |
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5,894 |
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2,523 |
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_______ |
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_______ |
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5,894 |
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2,523 |
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Creditors: amounts falling due |
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within one year |
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5 |
(
216,234) |
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(
218,216) |
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_______ |
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_______ |
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Net current liabilities |
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(
210,340) |
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(
215,693) |
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_______ |
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_______ |
Total assets less current liabilities |
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511,373 |
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506,020 |
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Creditors: amounts falling due |
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after more than one year |
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6 |
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(
502,536) |
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(
504,536) |
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_______ |
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_______ |
Net assets |
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8,837 |
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1,484 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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100 |
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100 |
Profit and loss account |
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8,737 |
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1,384 |
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_______ |
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Shareholders funds |
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8,837 |
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1,484 |
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_______ |
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_______ |
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
19 September 2024
, and are signed on behalf of the board by:
Dr Thusith J. Wickrama
Director
Company registration number:
10579640
JASPSA Ltd
Notes to the financial statements
Year ended 31 March 2024
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 26 Westpark Avenue, Billericay, CM12 9EF.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rent, net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investment property
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
4.
Investments
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Other investments other than loans |
Total |
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£ |
£ |
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Cost |
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At 1 April 2023 and 31 March 2024 |
721,713 |
721,713 |
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_______ |
_______ |
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Impairment |
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At 1 April 2023 and 31 March 2024 |
- |
- |
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_______ |
_______ |
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Carrying amount |
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At 31 March 2024 |
721,713 |
721,713 |
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_______ |
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At 31 March 2023 |
721,713 |
721,713 |
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_______ |
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Other investments represent freehold investment properties.
5.
Creditors: amounts falling due within one year
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2024 |
2023 |
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£ |
£ |
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Bank loans and overdrafts |
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2,000 |
2,000 |
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Corporation tax |
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1,797 |
1,430 |
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Other creditors |
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212,437 |
214,786 |
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_______ |
_______ |
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216,234 |
218,216 |
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_______ |
_______ |
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6.
Creditors: amounts falling due after more than one year
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2024 |
2023 |
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£ |
£ |
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Bank loans and overdrafts |
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3,167 |
5,167 |
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Other creditors |
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499,369 |
499,369 |
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_______ |
_______ |
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502,536 |
504,536 |
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_______ |
_______ |
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Other creditors of £499,369 are secured by a charge over the company's investments properties.
Included within creditors: amounts falling due after more than one year is an amount of £ 499,369
(2023 £ 499,369 ) in respect of liabilities payable or repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date.
7.
Related party transactions
At the balance sheet date the company owed £176,117 (2023: £178,756) to a director.At the balance sheet date the company owed £35,000 (2023: £35,000) to Dr T J Wickrama Limited, a company in which the directors hold a beneficial interest.