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Registered number: 11814080










JALUMA PROPERTIES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
JALUMA PROPERTIES LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 5

 
JALUMA PROPERTIES LIMITED
REGISTERED NUMBER: 11814080

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
4,152,783
8,800

Debtors: amounts falling due within one year
 4 
204,958
91

Cash at bank and in hand
  
1,600,397
504

  
5,958,138
9,395

Creditors: amounts falling due within one year
 5 
(4,350,551)
(14,594)

Net current assets/(liabilities)
  
 
 
1,607,587
 
 
(5,199)

Total assets less current liabilities
  
1,607,587
(5,199)

Creditors: amounts falling due after more than one year
 6 
(1,400,000)
-

  

Net assets/(liabilities)
  
207,587
(5,199)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
207,586
(5,200)

  
207,587
(5,199)


Page 1

 
JALUMA PROPERTIES LIMITED
REGISTERED NUMBER: 11814080
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 5 November 2024.




P G R Smith
Director

The notes on pages 3 to 5 form part of these financial statements.
Page 2

 
JALUMA PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Jaluma Properties Limited (the Company) is a private company, limited by shares, incorporated and domiciled in England. The address of its registered office is Milestone House, Shallowford Court, Henley in Arden, Warwickhire, B95 5BY. 

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

Going concern

the company is dependent on the support of its parent company, who indicated that they will provide the financial support necessary to enable the company to continue in operational existence for the forseeable future. Accordingly these financial satements have been prepared on the going concern basis.

 
2.3

Revenue

Turnover is the total amount receivable by the company for properties and leases sold during the period and are recognised on completion.
Rental income is recognised on a receivable basis. 

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

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.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

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 balance sheet date in the countries where the Company operates and generates income.

Page 3

 
JALUMA PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are valued at the lower of cost and realisable value and consist of properties.

 
2.9

Debtors

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.

 
2.10

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

2024
£

Wages and salaries
92,000

Social security costs
10,764

102,764


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

Page 4

 
JALUMA PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Debtors

2024
2023
£
£


Other debtors
204,958
91



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
3,375,330
8,799

Corporation tax
69,985
-

Other creditors
902,235
4,235

Accruals and deferred income
3,001
1,560

4,350,551
14,594



6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
1,400,000
-


The bank loan is secured on certain properties held by the company.


7.


Ultimate parent company

The company is a wholly owned subsidiary of Business Flats Holdings Limited, a company registered in England and Wales.
 
Page 5