Caseware UK (AP4) 2023.0.135 2023.0.135 2023-01-01falseNo description of principal activity62falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12798324 2023-01-01 2023-12-31 12798324 2022-01-01 2022-12-31 12798324 2023-12-31 12798324 2022-12-31 12798324 c:Director2 2023-01-01 2023-12-31 12798324 d:CurrentFinancialInstruments 2023-12-31 12798324 d:CurrentFinancialInstruments 2022-12-31 12798324 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12798324 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12798324 d:ShareCapital 2023-12-31 12798324 d:ShareCapital 2022-12-31 12798324 d:RetainedEarningsAccumulatedLosses 2023-12-31 12798324 d:RetainedEarningsAccumulatedLosses 2022-12-31 12798324 c:FRS102 2023-01-01 2023-12-31 12798324 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 12798324 c:FullAccounts 2023-01-01 2023-12-31 12798324 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12798324 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 12798324










JCAM Property Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 December 2023

 
JCAM Property Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of JCAM Property Limited for the year ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of JCAM Property Limited for the year ended 31 December 2023 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of JCAM Property Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of JCAM Property Limited and state those matters that we have agreed to state to the Board of directors of JCAM Property Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JCAM Property Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that JCAM Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of JCAM Property Limited. You consider that JCAM Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of JCAM Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
2nd Floor
168 Shoreditch High Street
London
E1 6RA
18 September 2024
Page 1

 
JCAM Property Limited
Registered number: 12798324

Balance sheet
As at 31 December 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
379,764
240,036

Cash at bank and in hand
 5 
67,664
9,493

  
447,428
249,529

Creditors: amounts falling due within one year
 6 
(451,529)
(241,481)

Net current (liabilities)/assets
  
 
 
(4,101)
 
 
8,048

Total assets less current liabilities
  
(4,101)
8,048

  

Net (liabilities)/assets
  
(4,101)
8,048


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
(14,101)
(1,952)

  
(4,101)
8,048


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Timothy Grahame Leslie
Director
Date: 18 September 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
JCAM Property Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

1.


General information

JCAM Property Limited whose register number is 12798324, is a private company limited by shares. It
registered in England & Wales. Its registered address is: Forth Floor Eagle House, 110 Jermyn Street, London, SW1Y 6EE. The principal activity of the company is that of property asset management.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Page 3

 
JCAM Property Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)


2.5
Financial instruments (continued)

Financial instruments are recognised in the Company's Balance sheet 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

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 4

 
JCAM Property Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

3.


Employees

2023
2022
£
£

Wages and salaries
242,126
174,268

Social security costs
27,920
21,694

Cost of defined contribution scheme
4,660
3,020

274,706
198,982


The average monthly number of employees, including directors, during the year was 6 (2022 - 2).


4.


Debtors

2023
2022
£
£


Other debtors
379,764
240,036

379,764
240,036



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
67,664
9,493

67,664
9,493



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
150
150

Corporation tax
-
351

Other creditors
226,439
-

Accruals and deferred income
224,940
240,980

451,529
241,481


Page 5

 
JCAM Property Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

7.


Related party transactions

The Company recharged expenses of £147,940 (2022: £238,980) to S & F Investment Advisors Limited, an entity under common control. The company also received £238,980 from S & F Investment Advisors Limited in the year and issued and received £300,000 (2022: £224,167) in regards to advisory fees from S & F Investment Advisors Limited. As at 31 December 2023 the Company was owed £147,940 (2022: £238,980)  from S & F Investment Advisors Limited.
The Company also received a loan of £226,439 (2022: £Nil) from JCAM Investments Limited, an entity under common control. As at 31 December 2023 the company owed £226,439 (2022: £Nil) to JCAM Investments Limited.
The Company loaned £226,439 (2022: £Nil) to James Aston an employee of the company at an interst rate of 6% per anum. As at the 31 December 2023 the company was owed £229,835 (2022: £Nil)


8.


Controlling party

The Company is controlled by Timothy Leslie by virtue of owning 100% of the share capital.


Page 6