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Registered number: 14668001
Jael Investments Ltd
Unaudited Financial Statements
For the Period 16 February 2023 to 29 February 2024
Gregory Priestley & Stewart
Contents
Page
Company Information 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Miss Leanne Mordue
Mr Junior David Roberts
Company Number 14668001
Registered Office Alexandra House
123 Priestsic Road
Sutton In Ashfield
Nottinghamshire
NG17 4EA
Accountants Gregory Priestley & Stewart
Chartered Accountants
123 Priestsic Road
Sutton In Ashfield
Nottinghamshire
NG17 4EA
Page 1
Page 2
Statement of Financial Position
Registered number: 14668001
29 February 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 584,012
Investments 5 38,361
622,373
CURRENT ASSETS
Debtors 6 94,889
Cash at bank and in hand 1,335
96,224
Creditors: Amounts Falling Due Within One Year 7 (342,557 )
NET CURRENT ASSETS (LIABILITIES) (246,333 )
TOTAL ASSETS LESS CURRENT LIABILITIES 376,040
Creditors: Amounts Falling Due After More Than One Year 8 (391,535 )
NET LIABILITIES (15,495 )
CAPITAL AND RESERVES
Called up share capital 9 100
Income Statement (15,595 )
SHAREHOLDERS' FUNDS (15,495)
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For the period ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Junior David Roberts
Director
20/09/2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Jael Investments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14668001 . The registered office is Alexandra House, 123 Priestsic Road, Sutton In Ashfield, Nottinghamshire, NG17 4EA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the entity
2.2. Going Concern Disclosure
The accounts have been prepared on a going concern basis. This may not be appropriate because the company had a balance sheet deficit of £15,495 at 29th February 2024. The company is therefore dependant on the continued support of the bank and creditors. Should this support be withdrawn and the company be unable to continue trading, adjustments would have to be made to reduce the value of the assets to their net realisable value and to provide any further liabilities which may arise.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 3 years
2.5. 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.
2.6. Debtors and creditors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short term trade 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. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
-
Page 4
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4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 16 February 2023 - - -
Additions 561,179 22,833 584,012
As at 29 February 2024 561,179 22,833 584,012
Net Book Value
As at 29 February 2024 561,179 22,833 584,012
As at 16 February 2023 - - -
5. Investments
Other
£
Cost
As at 16 February 2023 -
Additions 38,361
As at 29 February 2024 38,361
Provision
As at 16 February 2023 -
As at 29 February 2024 -
Net Book Value
As at 29 February 2024 38,361
As at 16 February 2023 -
6. Debtors
29 February 2024
£
Due within one year
Other debtors 94,889
7. Creditors: Amounts Falling Due Within One Year
29 February 2024
£
Other creditors 342,557
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8. Creditors: Amounts Falling Due After More Than One Year
29 February 2024
£
Bank loans 391,535
Bank loans totalling £391,535 are secured against the Properties as to which the loans relate. 
Included within creditors amounts falling due after more than one year is an amount of £391,535 in respect of liabilities payable or repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date. 
The loans repayable after more than five years are interest only loans with interest being charged between 5.29% and 6.74% pa.
9. Share Capital
29 February 2024
£
Allotted, Called up and fully paid 100
10. Directors Advances, Credits and Guarantees
At the balance sheet date, the directors were owed £520 by the company.
Page 6