Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2022-04-01falseNo description of principal activity22true 12040579 2022-04-01 2023-03-31 12040579 2021-04-01 2022-03-31 12040579 2023-03-31 12040579 2022-03-31 12040579 c:Director1 2022-04-01 2023-03-31 12040579 d:FreeholdInvestmentProperty 2022-04-01 2023-03-31 12040579 d:FreeholdInvestmentProperty 2023-03-31 12040579 d:FreeholdInvestmentProperty 2022-03-31 12040579 d:CurrentFinancialInstruments 2023-03-31 12040579 d:CurrentFinancialInstruments 2022-03-31 12040579 d:Non-currentFinancialInstruments 2023-03-31 12040579 d:Non-currentFinancialInstruments 2022-03-31 12040579 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12040579 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 12040579 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 12040579 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 12040579 d:ShareCapital 2023-03-31 12040579 d:ShareCapital 2022-03-31 12040579 d:RevaluationReserve 2023-03-31 12040579 d:RevaluationReserve 2022-03-31 12040579 d:RetainedEarningsAccumulatedLosses 2023-03-31 12040579 d:RetainedEarningsAccumulatedLosses 2022-03-31 12040579 c:FRS102 2022-04-01 2023-03-31 12040579 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 12040579 c:FullAccounts 2022-04-01 2023-03-31 12040579 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12040579 d:EntityControlledByKeyManagementPersonnel1 2022-04-01 2023-03-31 12040579 d:EntityControlledByKeyManagementPersonnel1 2021-04-01 2022-03-31 12040579 d:EntityControlledByKeyManagementPersonnel1 2023-03-31 12040579 d:EntityControlledByKeyManagementPersonnel1 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 12040579









JARJAR PROPERTIES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
JARJAR PROPERTIES LTD
REGISTERED NUMBER: 12040579

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
1,551,600
881,000

  
1,551,600
881,000

Current assets
  

Debtors: amounts falling due within one year
 5 
3,150
2

Cash at bank and in hand
  
10,915
428

  
14,065
430

Creditors: amounts falling due within one year
 6 
(650,236)
(248,206)

Net current liabilities
  
 
 
(636,171)
 
 
(247,776)

Total assets less current liabilities
  
915,429
633,224

Creditors: amounts falling due after more than one year
 7 
(1,211,102)
(677,524)

  

Net liabilities
  
(295,673)
(44,300)


Capital and reserves
  

Called up share capital 
  
2
2

Revaluation reserve
  
52,062
52,062

Profit and loss account
  
(347,737)
(96,364)

Shareholders' deficit
  
(295,673)
(44,300)


Page 1

 
JARJAR PROPERTIES LTD
REGISTERED NUMBER: 12040579
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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 year 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 comprehensive income 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: 




L B Wordley
Director

Date: 6 February 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
JARJAR PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

JarJar Properties Ltd is a private company, limited by shares, domiciled and incorporated in England and Wales (registered number: 12040579). The registered office address is Grosvenor House, Hawksworth Road, Teleford, TF2 9TU.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

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 measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
JARJAR PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers 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

Financial assets and financial liabilities are recognised in the Balance Sheet when the Company
becomes a party to the contractual provisions of the instrument.
Trade and other debtors and creditors are classified as basic financial instruments and measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company’s cash management.
Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.

 
2.8

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 balance sheet date in the countries where the Company operates and generates income.

Page 4

 
JARJAR PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Employees
2
2


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
881,000


Additions at cost
670,600



At 31 March 2023
1,551,600









5.


Debtors

2023
2022
£
£


Trade debtors
420
-

Amounts owed by group undertakings
-
2

Prepayments and accrued income
2,730
-

3,150
2


Page 5

 
JARJAR PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
21,272
-

Amounts owed to group undertakings
197,498
-

Other creditors
416,956
241,661

Accruals and deferred income
14,510
6,545

650,236
248,206



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
1,211,102
677,524



8.


Pension commitments


9.


Related party transactions

The director maintains a loan account with the Company. During the year, the director made a loan to the Company of £207,561 (2022 - £349,352) made to the director) and the Company repaid £36,666 (2022 - £55,450) to the director. At the year end, the amount owed to the director by the Company was £287,911 (2022 - £117,016 owed by the director).


10.


Controlling party

The director do not consider there to be an ultimate controlling party.

 
Page 6