Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2023-03-01falseletting of an investment property.22false 12468848 2023-03-01 2024-02-29 12468848 2022-03-01 2023-02-28 12468848 2024-02-29 12468848 2023-02-28 12468848 c:Director1 2023-03-01 2024-02-29 12468848 d:OfficeEquipment 2023-03-01 2024-02-29 12468848 d:OfficeEquipment 2024-02-29 12468848 d:OfficeEquipment 2023-02-28 12468848 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 12468848 d:FreeholdInvestmentProperty 2024-02-29 12468848 d:FreeholdInvestmentProperty 2023-02-28 12468848 d:CurrentFinancialInstruments 2024-02-29 12468848 d:CurrentFinancialInstruments 2023-02-28 12468848 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 12468848 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 12468848 d:ShareCapital 2024-02-29 12468848 d:ShareCapital 2023-02-28 12468848 d:RetainedEarningsAccumulatedLosses 2024-02-29 12468848 d:RetainedEarningsAccumulatedLosses 2023-02-28 12468848 c:OrdinaryShareClass1 2023-03-01 2024-02-29 12468848 c:FRS102 2023-03-01 2024-02-29 12468848 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 12468848 c:FullAccounts 2023-03-01 2024-02-29 12468848 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 12468848 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure
Registered number: 12468848














JADEBRICKS MANCHESTER LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

 
JADEBRICKS MANCHESTER LIMITED
 

CONTENTS



Page
Statement of financial position
 
1 - 2
Notes to the financial statements
 
3 - 7

 
JADEBRICKS MANCHESTER LIMITED
REGISTERED NUMBER:12468848

STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,049
1,500

Investment property
 5 
3,124,851
3,124,851

  
3,125,900
3,126,351

Current assets
  

Debtors: amounts falling due within one year
 6 
1,140,972
722,251

Bank and cash balances
  
3,552
110,527

  
1,144,524
832,778

  

Creditors: amounts falling due within one year
 7 
(4,289,567)
(3,909,109)

Net current liabilities
  
 
 
(3,145,043)
 
 
(3,076,331)

Total assets less current liabilities
  
(19,143)
50,020

  

Net (liabilities)/assets
  
(19,143)
50,020


Capital and reserves
  

Called up share capital 
 8 
2
2

Profit and loss account
  
(19,145)
50,018

  
(19,143)
50,020


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 on 19 September 2024.

Page 1

 
JADEBRICKS MANCHESTER LIMITED
REGISTERED NUMBER:12468848
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 2024



S Bagherzadeh
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
JADEBRICKS MANCHESTER LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Jadebrick Manchester Limited is a limited liability company registered in England and Wales. Its registered office is 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD. 
The principal activity of the company during the year was the letting of an investment property. 
The company's functional and presentational currency £ Sterling. 

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied.

 
2.2

Going concern

The company made a loss for the year end and at the reporting date the company has net current liabilities and net liabilities. The controlling party has confirmed that he has the ability and will continue to provide financial support to the company so that it will be able to carry on trading and meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. Therefore the accounts have been prepared under going concern basis.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of rent receivable.
Rent is recognised in the period in which the properties are occupied.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
JADEBRICKS MANCHESTER LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by the directors 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 profit or loss.

 
2.7

Basic financial statements

The company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans with related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Cash and cash equivalents comprise cash balances and call deposits. 

Page 4

 
JADEBRICKS MANCHESTER LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
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 reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
JADEBRICKS MANCHESTER LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Office equipment

£



Cost 


At 1 March 2023
2,256



At 29 February 2024

2,256



Depreciation


At 1 March 2023
756


Charge for the year on owned assets
451



At 29 February 2024

1,207



Net book value



At 29 February 2024
1,049



At 28 February 2023
1,500


5.


Investment property





Freehold investment property

£



Valuation


At 1 March 2023
3,124,851



At 29 February 2024
3,124,851

The 2024 valuations were made by the directors, on an open market value for existing use basis.






Page 6

 
JADEBRICKS MANCHESTER LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Debtors

2024
2023
£
£


Other debtors
18,194
18,776

Prepayments and accrued income
1,122,778
703,475

1,140,972
722,251



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
36,642

Amounts owed to group undertakings
4,285,742
3,870,240

Other creditors
678
2

Accruals and deferred income
3,147
2,225

4,289,567
3,909,109



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 Ordinary shares of £1 each
2
2



9.


Controlling party

The immidiate and ultimate parent entity is Dastur Trading Limited, a company registered in Gibraltar.
 
Page 7