BrightAccountsProduction v1.0.0 v1.0.0 2023-05-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity is the buying and selling of own real estate and the letting and operating of own or leased real estate. 29 January 2025 0 0 SC661227 2024-04-30 SC661227 2023-04-30 SC661227 2022-04-30 SC661227 2023-05-01 2024-04-30 SC661227 2022-05-01 2023-04-30 SC661227 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC661227 uk-curr:PoundSterling 2023-05-01 2024-04-30 SC661227 uk-bus:AbridgedAccounts 2023-05-01 2024-04-30 SC661227 uk-core:ShareCapital 2024-04-30 SC661227 uk-core:ShareCapital 2023-04-30 SC661227 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 SC661227 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 SC661227 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-04-30 SC661227 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-04-30 SC661227 uk-core:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 SC661227 uk-bus:FRS102 2023-05-01 2024-04-30 SC661227 2023-05-01 2024-04-30 SC661227 uk-bus:Director1 2023-05-01 2024-04-30 SC661227 uk-bus:Director2 2023-05-01 2024-04-30 SC661227 uk-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
JKIL Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 30 April 2024



JKIL Ltd
DIRECTORS' REPORT
for the financial year ended 30 April 2024

 
The directors present their report and the unaudited financial statements for the financial year ended 30 April 2024.
     
Directors
The directors who served during the financial year are as follows:
     
Jamie Beardsworth
Katherine Vivienne Beardsworth
   
There were no changes in shareholdings between 30 April 2024 and the date of signing the financial statements.
     
In accordance with the Constitution, the directors retire by rotation and, being eligible, offer themselves for re-election.
     
Political Contributions
The company did not make any disclosable political donations in the current financial year.
     
Statement of Directors' Responsibilities
     
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:
- select suitable accounting policies and apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
___________________________
Jamie Beardsworth
Director
     
     
___________________________
Katherine Vivienne Beardsworth
Director
     
29 January 2025



JKIL Ltd
ABRIDGED PROFIT AND LOSS ACCOUNT
for the financial year ended 30 April 2024
2024 2023
Notes £ £

Gross profit 38,087 29,698
 
Administrative expenses (13,184) (4,828)
───────── ─────────
Operating profit 24,903 24,870
 
Interest receivable and similar income 275 13
Interest payable and similar expenses (14,559) (14,559)
───────── ─────────
Profit before taxation 10,619 10,324
 
Tax on profit (2,018) (857)
───────── ─────────
Profit for the financial year 8,601 9,467
───────── ─────────
Total comprehensive income 8,601 9,467
    ═════════   ═════════



JKIL Ltd
Company Registration Number: SC661227
ABRIDGED BALANCE SHEET
as at 30 April 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 1,062,170 1,059,541
───────── ─────────
 
Current Assets
Cash and cash equivalents 121,135 11,157
Creditors: amounts falling due within one year (728,368) (624,362)
───────── ─────────
Net Current Liabilities (607,233) (613,205)
───────── ─────────
Total Assets less Current Liabilities 454,937 446,336
 
Creditors:
amounts falling due after more than one year (442,471) (442,471)
───────── ─────────
Net Assets 12,466 3,865
═════════ ═════════
 
Capital and Reserves
Called up share capital 210 210
Retained earnings 12,256 3,655
───────── ─────────
Equity attributable to owners of the company 12,466 3,865
═════════ ═════════
 
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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 29 January 2025 and signed on its behalf by
           
           
________________________________          
Jamie Beardsworth          
Director          
           
           
________________________________
Katherine Vivienne Beardsworth
Director
           



JKIL Ltd
STATEMENT OF CHANGES IN EQUITY
as at 30 April 2024

Called up Retained Total
share earnings
capital
£ £ £
 
At 1 May 2022 210 (5,812) (5,602)
───────── ───────── ─────────
Profit for the financial year - 9,467 9,467
───────── ───────── ─────────
At 30 April 2023 210 3,655 3,865
  ───────── ───────── ─────────
Profit for the financial year - 8,601 8,601
  ───────── ───────── ─────────
At 30 April 2024 210 12,256 12,466
  ═════════ ═════════ ═════════



JKIL Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 30 April 2024

   
1. General Information
 
JKIL Ltd is a company limited by shares incorporated and registered in the Scotland. The registered number of the company is SC661227. The registered office of the company is 14 Chamberlain Road, Edinburgh, EH10 4DN, United Kingdom which is also the principal place of business of the company. The principal activity is the buying and selling of own real estate and the letting and operating of own or leased real estate. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 April 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Investment properties
Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Abridged Profit and Loss Account as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Abridged Profit and Loss Account.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 0, (2023 - 0).
       
4. Tangible assets
  Investment Total
  properties  
     
  £ £
Cost
At 1 May 2023 1,059,541 1,059,541
Additions 2,629 2,629
  ───────── ─────────
At 30 April 2024 1,062,170 1,062,170
  ───────── ─────────
Depreciation
At 1 May 2023 - -
  ───────── ─────────
At 30 April 2024 - -
  ───────── ─────────
Net book value
At 30 April 2024 1,062,170 1,062,170
  ═════════ ═════════
At 30 April 2023 1,059,541 1,059,541
  ═════════ ═════════
       
5. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 April 2024.
   
6. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.