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REGISTERED NUMBER: 10697481 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

JEDFIN LTD

JEDFIN LTD (REGISTERED NUMBER: 10697481)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

JEDFIN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: K Thomas





SECRETARY: Z Thomas





REGISTERED OFFICE: 7 Pollicott Close
St Albans
Hertfordshire
AL4 9YL





REGISTERED NUMBER: 10697481 (England and Wales)





ACCOUNTANTS: LBCA Ltd
1 Waterside
Station Road
Harpenden
Hertfordshire
AL5 4US

JEDFIN LTD (REGISTERED NUMBER: 10697481)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,099 11,561
Investment property 5 968,087 696,879
983,186 708,440

CURRENT ASSETS
Debtors 6 20,197 19,536
Cash at bank 1,347 13,078
21,544 32,614
CREDITORS
Amounts falling due within one year 7 786,625 566,961
NET CURRENT LIABILITIES (765,081 ) (534,347 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

218,105

174,093

CREDITORS
Amounts falling due after more than one
year

8

(108,208

)

(110,608

)

PROVISIONS FOR LIABILITIES (19,931 ) (8,860 )
NET ASSETS 89,966 54,625

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 89,946 54,605
89,966 54,625

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 23 September 2024 and were signed by:




K Thomas - Director


JEDFIN LTD (REGISTERED NUMBER: 10697481)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Jedfin Ltd 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax is provided at the rate expected to apply when the property is sold.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation
Taxation for the year 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

JEDFIN LTD (REGISTERED NUMBER: 10697481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 59,138
Additions 8,571
At 31 March 2024 67,709
DEPRECIATION
At 1 April 2023 47,577
Charge for year 5,033
At 31 March 2024 52,610
NET BOOK VALUE
At 31 March 2024 15,099
At 31 March 2023 11,561

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 696,879
Additions 237,708
Fair value adjustment 33,500
At 31 March 2024 968,087
NET BOOK VALUE
At 31 March 2024 968,087
At 31 March 2023 696,879

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2021 45,000
Valuation in 2024 33,500
Cost 889,587
968,087

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,483 2,988
Other debtors 17,714 16,548
20,197 19,536

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,400 2,400
Trade creditors 1,424 200
Taxation and social security 4,839 5,766
Other creditors 777,962 558,595
786,625 566,961

JEDFIN LTD (REGISTERED NUMBER: 10697481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 4,343 6,743
Other creditors 103,865 103,865
108,208 110,608

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Commercial Loan 103,865 103,865

Charge registered in July 2020 over the property.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is a total of £493.667 owed to the directors and shareholders (2023: £282,888)

11. RELATED PARTY DISCLOSURES

Included within other creditors is an amount of £253,546 owed to a company with common directors and shareholders (2023: £246,387).

Included within other debtors is an amount of £10,185 owed by a company with common directors and shareholders (2023: £10,184)

JEDFIN LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
JEDFIN LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






LBCA Ltd
1 Waterside
Station Road
Harpenden
Hertfordshire
AL5 4US


23 September 2024