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Company Registration No. 10807533 (England and Wales)
Jon Adley Investments Limited Unaudited accounts for the year ended 31 May 2024
Jon Adley Investments Limited Unaudited accounts Contents
Page
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Jon Adley Investments Limited Company Information for the year ended 31 May 2024
Directors
Adley Siddiqi Jonathan Bootland
Company Number
10807533 (England and Wales)
Registered Office
283 Woodlands Road Southampton SO40 7GE England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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Jon Adley Investments Limited Accountants' report
Accountants' report to the board of directors of Jon Adley Investments Limited on the preparation of the unaudited statutory accounts for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Jon Adley Investments Limited for the year ended 31 May 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Jon Adley Investments Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Jon Adley Investments Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jon Adley Investments Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Jon Adley Investments 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 Jon Adley Investments Limited. You consider that Jon Adley Investments 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 Jon Adley Investments 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.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 13 November 2024
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Jon Adley Investments Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
510,647 
510,647 
Current assets
Debtors
40 
- 
Cash at bank and in hand
13,472 
8,311 
13,512 
8,311 
Creditors: amounts falling due within one year
(4,691)
(4,006)
Net current assets
8,821 
4,305 
Total assets less current liabilities
519,468 
514,952 
Creditors: amounts falling due after more than one year
(413,867)
(418,644)
Provisions for liabilities
Deferred tax
(10,231)
(10,231)
Net assets
95,370 
86,077 
Capital and reserves
Called up share capital
10 
10 
Revaluation reserve
30,691 
30,691 
Profit and loss account
64,669 
55,376 
Shareholders' funds
95,370 
86,077 
For the year ending 31 May 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2025 and were signed on its behalf by
Adley Siddiqi Director Company Registration No. 10807533
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Jon Adley Investments Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Jon Adley Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 10807533. The registered office is 283 Woodlands Road, Southampton, SO40 7GE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Jon Adley Investments Limited Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2023
1,730 
At 31 May 2024
1,730 
Depreciation
At 1 June 2023
1,730 
At 31 May 2024
1,730 
Net book value
At 31 May 2024
- 
5
Investment property
2024 
£ 
Fair value at 1 June 2023
510,647 
At 31 May 2024
510,647 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
40 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
43 
62 
Taxes and social security
2,180 
1,476 
Loans from directors
2,000 
2,000 
Accruals
468 
468 
4,691 
4,006 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
378,867 
383,644 
Other creditors
35,000 
35,000 
413,867 
418,644 
Aggregate of amounts that fall due for payment after five years
350,200 
350,200 
In May 2020, the company received a Bounce Back Loan of £43,000, which is a 100% UK Government backed loan. Under the terms of the loan, the fees and interest incurred in the first 12 months are settled on behalf of the company by the UK Government. The initial length of the loan is for six years, with an option to extend to ten years under the Bounce Back Loan Scheme. Included in long term creditors are bank loans secured on investment properties. Personal guarantees have been provided.
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Jon Adley Investments Limited Notes to the Accounts for the year ended 31 May 2024
9
Deferred taxation
2024 
2023 
£ 
£ 
Revaluation of investment property
10,231 
10,231 
2024 
2023 
£ 
£ 
Provision at start of year
10,231 
- 
Charged to the profit and loss account
- 
10,231 
Provision at end of year
10,231 
10,231 
Comparatives have been restated for deferred tax on revaluation of investment properties.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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