Acorah Software Products - Accounts Production 16.0.110 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 12702995 Mrs Nilma Shah Mr Jagat Shah iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12702995 2023-06-30 12702995 2024-06-30 12702995 2023-07-01 2024-06-30 12702995 frs-core:CurrentFinancialInstruments 2024-06-30 12702995 frs-core:RevaluationReserve 2023-06-30 12702995 frs-core:RevaluationReserve 2024-06-30 12702995 frs-core:ShareCapital 2024-06-30 12702995 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12702995 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12702995 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 12702995 frs-bus:SmallEntities 2023-07-01 2024-06-30 12702995 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12702995 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12702995 frs-bus:Director1 2023-07-01 2024-06-30 12702995 frs-bus:Director2 2023-07-01 2024-06-30 12702995 frs-countries:EnglandWales 2023-07-01 2024-06-30 12702995 2022-06-30 12702995 2023-06-30 12702995 2022-07-01 2023-06-30 12702995 frs-core:CurrentFinancialInstruments 2023-06-30 12702995 frs-core:RevaluationReserve 2023-06-30 12702995 frs-core:ShareCapital 2023-06-30 12702995 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 12702995
JJNN Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Aurora Tax Services Ltd
First Floor
33 Chertsey Road
Woking
Surrey
GU21 5AJ
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 12702995
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 255,000 255,000
255,000 255,000
CURRENT ASSETS
Debtors 5 - 1,169
Cash at bank and in hand 21,356 17,673
21,356 18,842
Creditors: Amounts Falling Due Within One Year 6 (263,647 ) (262,978 )
NET CURRENT ASSETS (LIABILITIES) (242,291 ) (244,136 )
TOTAL ASSETS LESS CURRENT LIABILITIES 12,709 10,864
NET ASSETS 12,709 10,864
CAPITAL AND RESERVES
Called up share capital 7 10 10
Revaluation reserve 8 8,258 8,258
Income Statement 4,441 2,596
SHAREHOLDERS' FUNDS 12,709 10,864
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For the year ending 30 June 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 Jagat Shah
Director
18 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
JJNN Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12702995 . The registered office is Aurora Tax Services Ltd , First Floor, 33 Chertsey Road, Woking, Surrey, GU21 5AJ.
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.
2.2. 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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.
2.3. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the income statement.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 2)
- 2
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4. Investment Property
2024
£
Fair Value
As at 1 July 2023 and 30 June 2024 255,000
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 409
Other debtors - 760
- 1,169
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 192,669 192,669
Corporation tax 433 448
Accruals and deferred income 1,170 1,110
Directors' loan accounts 69,375 68,751
263,647 262,978
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
8. Reserves
Revaluation Reserve
£
As at 1 July 2023 8,258
As at 30 June 2024 8,258
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