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REGISTERED NUMBER: 09940498 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Jasmine and Luke Limited

Jasmine and Luke Limited (Registered number: 09940498)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Jasmine and Luke Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: J P Rothnie





REGISTERED OFFICE: Second Floor
Kennel Club House
Gatehouse Way
Aylesbury
Buckinghamshire
HP19 8DB





REGISTERED NUMBER: 09940498 (England and Wales)





ACCOUNTANTS: DUX Advisory Limited
Chartered Accountants
Kennel Club House
Gatehouse Way
Aylesbury
Buckinghamshire
HP19 8DB

Jasmine and Luke Limited (Registered number: 09940498)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,259,140 1,259,140

CURRENT ASSETS
Cash at bank 232,191 188,820

CREDITORS
Amounts falling due within one year 5 454,071 449,364
NET CURRENT LIABILITIES (221,880 ) (260,544 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,037,260 998,596

CREDITORS
Amounts falling due after more than one
year

6

991,375

985,872
NET ASSETS 45,885 12,724

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 (5,023 ) (5,023 )
Retained earnings 50,808 17,647
45,885 12,724

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Jasmine and Luke Limited (Registered number: 09940498)

Balance Sheet - continued
31 January 2024


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 15 October 2024 and were signed by:





J P Rothnie - Director


Jasmine and Luke Limited (Registered number: 09940498)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Jasmine and Luke 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.

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.

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.

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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for income and expense during the year. However, the nature of estimations means that actual outcome could differ from those estimates.

3. EMPLOYEES AND DIRECTORS

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

Jasmine and Luke Limited (Registered number: 09940498)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 1,259,140
NET BOOK VALUE
At 31 January 2024 1,259,140
At 31 January 2023 1,259,140

The investment properties were last valued on an open market basis on 31 January 2023 by the directors.

The investment properties are subject to charges from:

Axis Bank Uk Limited under charge codes;
0994 0498 0001
0994 0498 0002

Together Commercial Finance Limited under charge codes;
0994 0498 0004

Belmont Green Finance Limited T/a Vida Homeloans under charge codes;
0994 0498 0005

Fleet Mortgages Limited under charge codes;
0994 0498 0006

Charter Court Financial Services Limited under charge codes;
0994 0498 0007

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Taxation and social security 5,824 -
Other creditors 448,247 449,364
454,071 449,364

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 991,375 985,872

Jasmine and Luke Limited (Registered number: 09940498)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.1.24 31.1.23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage - 226 High Town Road 228,418 228,418
Mortgage - 31a Farley Hill 285,498 280,015
Mortgage - 77 Ashburnham Road 210,976 210,976
Mortgage - 27 London Road 266,483 266,463
991,375 985,872

7. RESERVES

This includes all current period retained profits and losses.

Fair value: where financial instruments and investment properties are measured at fair value a transfer is made to the fair value reserve, instead of a transfer to retained earnings, to assist with the identification of profits available for distribution.

8. RELATED PARTY DISCLOSURES

At the balance sheet date the Company owed the Director £433,849 (2023:£438,007)

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Jasmine and Luke Limited

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jasmine and Luke Limited for the year ended 31 January 2024 which comprise the Income Statement, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Jasmine and Luke Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Jasmine and Luke Limited and state those matters that we have agreed to state to the director of Jasmine and Luke Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jasmine and Luke Limited and its director for our work or for this report.

It is your duty to ensure that Jasmine and Luke 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 profit of Jasmine and Luke Limited. You consider that Jasmine and Luke Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Jasmine and Luke 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.






DUX Advisory Limited
Chartered Accountants
Kennel Club House
Gatehouse Way
Aylesbury
Buckinghamshire
HP19 8DB


15 October 2024