Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true2023-02-27falseNo description of principal activity2falsefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14690077 2023-02-26 14690077 2023-02-27 2024-03-31 14690077 2022-02-27 2023-02-26 14690077 2024-03-31 14690077 c:Director1 2023-02-27 2024-03-31 14690077 c:Director2 2023-02-27 2024-03-31 14690077 c:RegisteredOffice 2023-02-27 2024-03-31 14690077 d:FurnitureFittings 2023-02-27 2024-03-31 14690077 d:FurnitureFittings 2024-03-31 14690077 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-27 2024-03-31 14690077 d:FreeholdInvestmentProperty 2023-02-27 2024-03-31 14690077 d:FreeholdInvestmentProperty 2024-03-31 14690077 d:CurrentFinancialInstruments 2024-03-31 14690077 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14690077 d:ShareCapital 2024-03-31 14690077 d:RetainedEarningsAccumulatedLosses 2024-03-31 14690077 c:FRS102 2023-02-27 2024-03-31 14690077 c:AuditExempt-NoAccountantsReport 2023-02-27 2024-03-31 14690077 c:FullAccounts 2023-02-27 2024-03-31 14690077 c:PrivateLimitedCompanyLtd 2023-02-27 2024-03-31 14690077 e:PoundSterling 2023-02-27 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 14690077







UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 MARCH 2024


JECTUS PROPERTIES 2 LIMITED






































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JECTUS PROPERTIES 2 LIMITED
 


 
COMPANY INFORMATION


Directors
E Leach 
J Leach 




Registered number
14690077



Registered office
50 Lower Ham Road

Kingston-Upon-Thames

Greater London

KT2 5AW




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


JECTUS PROPERTIES 2 LIMITED
 



CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 5


 


JECTUS PROPERTIES 2 LIMITED
REGISTERED NUMBER:14690077



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
13,086

Investment property
 5 
620,643

  
633,729

Current assets
  

Cash at bank and in hand
  
13,772

  
13,772

Creditors: amounts falling due within one year
 6 
(655,215)

Net current (liabilities)/assets
  
 
 
(641,443)

Total assets less current liabilities
  
(7,714)

  

Net (liabilities)/assets
  
(7,714)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(7,814)

  
(7,714)


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 period 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 income and retained earnings 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 by: 


E Leach
Director
Date: 27 November 2024

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

Page 1

 


JECTUS PROPERTIES 2 LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Jectus Properties 2 Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office and principal place of business is given in the company information page of these financial statements. 
The company was incorporated on the 27 February 2023. Therefore, these are the first financial statements of the company and cover the 13 months period between the incorporation and 31 March 2024. 
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. 

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

At the balance sheet date of 31 March 2024 the company shows a deficiency of total assets over total liabilities of £7,714. The company foresees the ongoing benefit of the acquisition of the property will be realised in subsequent years. Due to the ongoing support of the directors, and expectation regarding future trading performance, the company expects to meet its liabilities as they fall due, the company has prepared its financial statements on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is generated via rental income and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

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 reporting date in the countries where the company operates and generates income.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 2

 


JECTUS PROPERTIES 2 LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers or the directors 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. Changes in fair value are recognised in profit or loss.

 
2.7

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees




The average monthly number of employees, including directors, during the period was 2.

Page 3

 


JECTUS PROPERTIES 2 LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


Additions
16,530



At 31 March 2024

16,530



Depreciation


Charge for the period on owned assets
3,444



At 31 March 2024

3,444



Net book value



At 31 March 2024
13,086


5.


Investment property


Freehold investment property

£



Valuation


Additions at cost
620,643



At 31 March 2024
620,643

The 2024 valuations were made by the directors, on an open market value for existing use basis.






If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
£


Historic cost
620,643

620,643

Page 4

 


JECTUS PROPERTIES 2 LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
£

Corporation tax
242

Other creditors
650,473

Accruals and deferred income
4,500

655,215


 
Page 5