Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-18falseNo description of principal activity1false 14599918 2023-01-17 14599918 2023-01-18 2024-01-31 14599918 2022-01-18 2023-01-17 14599918 2024-01-31 14599918 c:Director1 2023-01-18 2024-01-31 14599918 c:Director1 2024-01-31 14599918 c:RegisteredOffice 2023-01-18 2024-01-31 14599918 d:FreeholdInvestmentProperty 2023-01-18 2024-01-31 14599918 d:FreeholdInvestmentProperty 2024-01-31 14599918 d:CurrentFinancialInstruments 2024-01-31 14599918 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 14599918 d:ShareCapital 2024-01-31 14599918 d:RetainedEarningsAccumulatedLosses 2024-01-31 14599918 c:FRS102 2023-01-18 2024-01-31 14599918 c:AuditExempt-NoAccountantsReport 2023-01-18 2024-01-31 14599918 c:FullAccounts 2023-01-18 2024-01-31 14599918 c:PrivateLimitedCompanyLtd 2023-01-18 2024-01-31 14599918 e:PoundSterling 2023-01-18 2024-01-31 iso4217:GBP xbrli:pure
Company registration number: 14599918







UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 JANUARY 2024


JMD INCORPORATION LIMITED
































      





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JMD INCORPORATION LIMITED
 


 
COMPANY INFORMATION


Director
D Ghazaryan (appointed 18 January 2023)




Registered number
14599918



Registered office
First Floor Flat
45 Hamilton Gardens

London

NW8 9PX




Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


JMD INCORPORATION LIMITED
REGISTERED NUMBER:14599918



STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
Note
£

Fixed assets
  

Investment property
 4 
1,910,378

  
1,910,378

Current assets
  

Debtors: amounts falling due within one year
 5 
238

Cash at bank and in hand
  
19,682

  
19,920

Creditors: amounts falling due within one year
 6 
(1,919,765)

Net current (liabilities)/assets
  
 
 
(1,899,845)

Total assets less current liabilities
  
10,533

  

Net assets
  
10,533


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
10,433

  
10,533


Page 1

 


JMD INCORPORATION LIMITED
REGISTERED NUMBER:14599918


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 income and retained earnings 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: 




D Ghazaryan
Director

Date: 17 October 2024

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 


JMD INCORPORATION LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

1.


General information

JMD Incorporation Limited is a private company, limited by shares, incorporated and commenced trading on 18 January 2023, registered in England & Wales, company registration number 14599918. The registered office is disclosed on the company information page. This is the company's first period trading and it is a long period ending 31 January 2024.

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 generated through rental income and is measured as the
fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other
sales taxes.

 
2.3

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.

 
2.4

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.
Page 3

 


JMD INCORPORATION LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
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.

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.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees




The average monthly number of employees, including directors, during the period was 1.

Page 4

 


JMD INCORPORATION LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
1,910,378



At 31 January 2024
1,910,378

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





5.


Debtors

2024
£


Other debtors
238

238



6.


Creditors: Amounts falling due within one year

2024
£

Amounts owed to group undertakings
109,400

Corporation tax
2,991

Other creditors
1,803,054

Accruals and deferred income
4,320

1,919,765



7.


Related party transactions

Included within other creditors is an amount totalling £329,621 owed to the director. This loan has been provided interest free.
Included within other creditors is an amount totalling £557,979 owed to a relative of the director. This loan has been provided interest free.
Included within other creditors is an amount totalling £915,454 owed to a beneficial owner. This loan has been provided interest free.

Page 5

 


JMD INCORPORATION LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

8.


Controlling party

The ultimate controlling party is JMD Holdings LLC, located at V.Sargsyan Street, 26/1, Room 301, Kentron, Yerevan, Armenia, 0010

 
Page 6