2023-04-01 2024-03-31 false Capium Accounts Production 1.1 05997136 bus:AbridgedAccounts 2023-04-01 2024-03-31 05997136 bus:FRS102 2023-04-01 2024-03-31 05997136 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05997136 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05997136 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05997136 2023-04-01 2024-03-31 05997136 2024-03-31 05997136 bus:RegisteredOffice 2023-04-01 2024-03-31 05997136 core:WithinOneYear 2024-03-31 05997136 core:AfterOneYear 2024-03-31 05997136 bus:Director1 2023-04-01 2024-03-31 05997136 bus:Director1 2024-03-31 05997136 bus:Director1 2022-04-01 2023-03-31 05997136 bus:Director2 2023-04-01 2024-03-31 05997136 bus:Director2 2024-03-31 05997136 bus:Director2 2022-04-01 2023-03-31 05997136 2022-04-01 05997136 bus:LeadAgentIfApplicable 2023-04-01 2024-03-31 05997136 2022-04-01 2023-03-31 05997136 2023-03-31 05997136 core:WithinOneYear 2023-03-31 05997136 core:AfterOneYear 2023-03-31 05997136 bus:EntityAccountantsOrAuditors 2022-04-01 2023-03-31 05997136 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 05997136 bus:OrdinaryShareClass1 2024-03-31 05997136 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 05997136 bus:OrdinaryShareClass1 2023-03-31 05997136 core:LandBuildings 2023-04-01 2024-03-31 05997136 core:LandBuildings 2024-03-31 05997136 core:LandBuildings 2023-03-31 05997136 core:FurnitureFittings 2023-04-01 2024-03-31 05997136 core:FurnitureFittings 2024-03-31 05997136 core:FurnitureFittings 2023-03-31 05997136 core:ComputerEquipment 2023-04-01 2024-03-31 05997136 core:ComputerEquipment 2024-03-31 05997136 core:ComputerEquipment 2023-03-31 05997136 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-03-31 05997136 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-03-31 05997136 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 05997136 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 05997136 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-03-31 05997136 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-31 05997136 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-31 05997136 core:Non-currentFinancialInstruments 2024-03-31 05997136 core:Non-currentFinancialInstruments 2023-03-31 05997136 core:ShareCapital 2024-03-31 05997136 core:ShareCapital 2023-03-31 05997136 core:RetainedEarningsAccumulatedLosses 2024-03-31 05997136 core:RetainedEarningsAccumulatedLosses 2023-03-31 05997136 dpl:Item1 2023-04-01 05997136 dpl:Item1 2024-03-31 05997136 dpl:Item1 2022-04-01 05997136 dpl:Item1 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 05997136
England and Wales

 

 

 

JAY LETTINGS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Jay Lettings Limited for the year ended 31 March 2024. 
     
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Jay Lettings Limited for the year ended 31 March 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companies accounting records and from information and explanations you have given us.


As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.  This report is made solely to the Board of Directors of Jay Lettings Limited, as a body, in accordance with the terms of our engagement letter dated 26 November 2024.


Our work has been undertaken solely to prepare for your approval the accounts of Jay Lettings Limited and state those matters that we have agreed to state to the Board of Directors of Jay Lettings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jay Lettings Limited and its Board of Directors as a body for our work or for this report.


It is your duty to ensure that Jay Lettings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Jay Lettings Limited.



You consider that Jay Lettings Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Jay Lettings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 March 2024



....................................................
aa Chartered Accountants
Fenlake House,
Fenlake Business Centre,
Fengate, Peterborough,
Cambridgeshire
PE1 5BQ
26 November 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 2,714,024    2,701,394 
2,714,024    2,701,394 
Current assets      
Debtors 136,633    137,603 
Cash at bank and in hand 15,753    5,759 
152,386    143,362 
Creditors: amount falling due within one year (242,701)   (227,472)
Net current assets (90,315)   (84,110)
 
Total assets less current liabilities 2,623,709    2,617,284 
Creditors: amount falling due after more than one year (2,015,888)   (2,078,288)
Provisions for liabilities (3,547)  
Net assets 604,274    538,996 
 

Capital and reserves
     
Called up share capital 4 249,646    249,646 
Profit and loss account 354,628    289,350 
Shareholders' funds 604,274    538,996 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 26 November 2024 and were signed on its behalf by:


-------------------------------
Jesus Munoz Orozco
Director
2
General Information
Jay Lettings Limited is a private company, limited by shares, registered in England and Wales, registration number 05997136, registration address Unit 216 C/O Assets For Life Waterhouse Business Centre, 2 Cromar Way, Chelmsford, England, CM1 2QE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 25% Reducing Balance
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees including directors

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 April 2023 2,699,836    1,307    3,246    2,704,389 
Additions   17,244      17,244 
Disposals      
At 31 March 2024 2,699,836    18,551    3,246    2,721,633 
Depreciation
At 01 April 2023   359    2,636    2,995 
Charge for year   4,461    153    4,614 
On disposals      
At 31 March 2024   4,820    2,789    7,609 
Net book values
Closing balance as at 31 March 2024 2,699,836    13,731    457    2,714,024 
Opening balance as at 01 April 2023 2,699,836    948    610    2,701,394 


4.

Share Capital

Authorised
249,646 Class A shares of £1.00 each
Allotted, called up and fully paid
2024
£
  2023
£
249,646 Class A shares of £1.00 each 249,646    249,646 
249,646    249,646 

3