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REGISTERED NUMBER: 12311230 (England and Wales)




















Financial Statements

for the Year Ended 30 November 2023

for

JASON & WENDY'S PROPERTIES LTD

JASON & WENDY'S PROPERTIES LTD (REGISTERED NUMBER: 12311230)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JASON & WENDY'S PROPERTIES LTD

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Ms W M Lai
Mr C Y Lee





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 12311230 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

JASON & WENDY'S PROPERTIES LTD (REGISTERED NUMBER: 12311230)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 2,687 5,376
Tangible assets 5 513 43
Investment property 6 62,586 30,000
65,786 35,419

CURRENT ASSETS
Debtors 7 474 212
Cash at bank 2,780 709
3,254 921
CREDITORS
Amounts falling due within one year 8 (109,161 ) (73,049 )
NET CURRENT LIABILITIES (105,907 ) (72,128 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(40,121

)

(36,709

)

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (40,221 ) (36,809 )
SHAREHOLDERS' FUNDS (40,121 ) (36,709 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

JASON & WENDY'S PROPERTIES LTD (REGISTERED NUMBER: 12311230)

Balance Sheet - continued
30 November 2023


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:




Ms W M Lai - Director



Mr C Y Lee - Director


JASON & WENDY'S PROPERTIES LTD (REGISTERED NUMBER: 12311230)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Jason & Wendy's Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Business Know How are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - Straight line over 3 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

JASON & WENDY'S PROPERTIES LTD (REGISTERED NUMBER: 12311230)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2022
and 30 November 2023 13,443
AMORTISATION
At 1 December 2022 8,067
Charge for year 2,689
At 30 November 2023 10,756
NET BOOK VALUE
At 30 November 2023 2,687
At 30 November 2022 5,376

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 December 2022 131
Additions 770
At 30 November 2023 901
DEPRECIATION
At 1 December 2022 88
Charge for year 300
At 30 November 2023 388
NET BOOK VALUE
At 30 November 2023 513
At 30 November 2022 43

JASON & WENDY'S PROPERTIES LTD (REGISTERED NUMBER: 12311230)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 30,000
Additions 32,586
At 30 November 2023 62,586
NET BOOK VALUE
At 30 November 2023 62,586
At 30 November 2022 30,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2020 (9,654 )
Cost 72,240
62,586

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 474 212

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 120 -
Other creditors 109,041 73,049
109,161 73,049

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100

10. GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.