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Registered number: 03260715
Jemline Ventures Limited
Financial Statements
For The Year Ended 30 November 2024
Cound & Co LLP
Chartered Accountants
1 Princes Court Royal Way
Loughborough
LE11 5XR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03260715
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 186 236
Investment Properties 5 486,945 450,945
487,131 451,181
CURRENT ASSETS
Debtors 6 5,822 8,999
Cash at bank and in hand 11,200 24,287
17,022 33,286
Creditors: Amounts Falling Due Within One Year 7 (9,510 ) (10,181 )
NET CURRENT ASSETS (LIABILITIES) 7,512 23,105
TOTAL ASSETS LESS CURRENT LIABILITIES 494,643 474,286
Creditors: Amounts Falling Due After More Than One Year 8 (4,500 ) (7,500 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (55,079 ) (21,863 )
NET ASSETS 435,064 444,923
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 207,267 240,483
Profit and Loss Account 227,697 204,340
SHAREHOLDERS' FUNDS 435,064 444,923
Page 1
Page 2
For the year ending 30 November 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr R A Morley
Director
22nd January 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Jemline Ventures Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03260715 . The registered office is 1 Princes Court, Royal Way, Loughborough, Leicestershire, LE11 5XR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents rental income receivable in the year.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually 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 the profit and loss account net of deferred taxation..
2.5. Taxation
Taxation expense represents the sum of the tax currently payable and deferred tax.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences to the extent that it is considered a net liability may crystallise.

3. Average Number of Employees
Average number of employees, including directors, during the year was  2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 December 2023 19,004
As at 30 November 2024 19,004
Depreciation
As at 1 December 2023 18,768
Provided during the period 50
As at 30 November 2024 18,818
Net Book Value
As at 30 November 2024 186
As at 1 December 2023 236
5. Investment Property
2024
£
Fair Value
As at 1 December 2023 450,945
Additions 36,000
As at 30 November 2024 486,945
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 224,663 188,663
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,081 6,081
Directors' loan accounts 2,741 2,918
5,822 8,999
The directors' loan accounts are unsecured, interest is charged, and are repayable on demand.
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 3,000 3,000
Corporation tax 5,490 6,161
Accruals and deferred income 1,020 1,020
9,510 10,181
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,500 7,500
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Fair Value Reserve
£
As at 1 December 2023 240,483
Movements in fair value reserve (33,216)
As at 30 November 2024 207,267
Page 5