REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 January 2024 |
for |
JUAN LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 January 2024 |
for |
JUAN LIMITED |
JUAN LIMITED (REGISTERED NUMBER: 04281790) |
Contents of the Financial Statements |
for the year ended 31 JANUARY 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
JUAN LIMITED |
Company Information |
for the year ended 31 JANUARY 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Global House |
303 Ballards Lane |
London |
N12 8NP |
JUAN LIMITED (REGISTERED NUMBER: 04281790) |
Statement of Financial Position |
31 JANUARY 2024 |
31/1/24 | 31/1/23 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 8 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Other reserves | 10 |
Retained earnings | 10 |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
JUAN LIMITED (REGISTERED NUMBER: 04281790) |
Statement of Financial Position - continued |
31 JANUARY 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
JUAN LIMITED (REGISTERED NUMBER: 04281790) |
Notes to the Financial Statements |
for the year ended 31 JANUARY 2024 |
1. | STATUTORY INFORMATION |
Juan Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents rents receivable from the investment properties owned by company. Rents are recognised up to the year end date. |
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. |
Financial instruments |
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. |
Cash and cash equivalent |
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. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
JUAN LIMITED (REGISTERED NUMBER: 04281790) |
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 |
NET BOOK VALUE |
At 31 January 2024 |
At 31 January 2023 |
Investment properties are revalued annually at their open market value in accordance with FRSSE (effective April 2008). The surplus or deficit on revaluation is transferred to a revaluation reserve except where the deficit reduces the property below its historical cost, in which case it is taken to the profit and loss account. |
Fair value at 31 January 2024 is represented by: |
£ |
Valuation in 2016 | 64,968 |
Cost | 835,032 |
900,000 |
If the investment property had not been revalued it would have been included at the following historical cost: |
31/1/24 | 31/1/23 |
£ | £ |
Cost | 835,032 | 835,032 |
The investment property was valued on and open market basis basis on 31 January 2024 by the company directors . |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/1/24 | 31/1/23 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
JUAN LIMITED (REGISTERED NUMBER: 04281790) |
Notes to the Financial Statements - continued |
for the year ended 31 JANUARY 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31/1/24 | 31/1/23 |
£ | £ |
Bank loans |
Amounts owed to group undertakings |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instalments | 172,444 | 102,955 |
7. | SECURED DEBTS |
The bank loan is secured by the way of legal charge over the company's investment property. |
8. | PROVISIONS FOR LIABILITIES |
31/1/24 | 31/1/23 |
£ | £ |
Deferred tax | 16,242 | 16,242 |
Deferred |
tax |
£ |
Balance at 1 February 2023 |
Balance at 31 January 2024 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/1/24 | 31/1/23 |
value: | £ | £ |
ordinary | 1 | 100 | 100 |
10. | RESERVES |
Retained | Other |
earnings | reserves | Totals |
£ | £ | £ |
At 1 February 2023 | 204,981 |
Profit for the year |
At 31 January 2024 | 231,369 |
JUAN LIMITED (REGISTERED NUMBER: 04281790) |
Notes to the Financial Statements - continued |
for the year ended 31 JANUARY 2024 |
11. | RELATED PARTY DISCLOSURES |
At the year end the company owes £14,547 (2023 - £14,547) to its directors. |
The company continued receiving rent from The Hotel Boutique Limited for the use of the investment property .It amounted to £48,730 (2023 - £45,080) for the period. |
The Hotel Boutique Limited is a related party by virtue of being controlled by Lola O'Keefe, daughter of Julie O'Keefe, director. |
The amount shown in other creditors of £14,095 (2023 - £8,728) is owed to The Hotel Group Limited, Hotel Boutique Limited £76,760 (2023 - £74,960) and A A.Michaelides (Brook Green) Limited of £365,890 (2023 - £362,000). All companies are under the common control of the directors/shareholders. |
12. | ULTIMATE CONTROLLING PARTY |
The company is under control of the directors who are also the shareholders. |