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REGISTERED NUMBER: 02223214 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

JESTFUN LIMITED

JESTFUN LIMITED (REGISTERED NUMBER: 02223214)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


JESTFUN LIMITED (REGISTERED NUMBER: 02223214)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 150,000 150,000

CURRENT ASSETS
Debtors 5 - 7,517
Cash at bank 1,934 3,270
1,934 10,787
CREDITORS
Amounts falling due within one year 6 (56,756 ) (56,349 )
NET CURRENT LIABILITIES (54,822 ) (45,562 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,178

104,438

PROVISIONS FOR LIABILITIES 7 (28,368 ) (23,034 )
NET ASSETS 66,810 81,404

CAPITAL AND RESERVES
Called up share capital 200 200
Revaluation reserve 8 87,459 92,482
Retained earnings (20,849 ) (11,278 )
SHAREHOLDERS' FUNDS 66,810 81,404

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 20 February 2025 and were signed by:





A C Orton - Director


JESTFUN LIMITED (REGISTERED NUMBER: 02223214)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Jestfun Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02223214

Registered office: 3rd Floor
21 Perrymount Road
Haywards Heath
West Sussex
RH16 3TP

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

JESTFUN LIMITED (REGISTERED NUMBER: 02223214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 July 2023
and 30 June 2024 150,000
NET BOOK VALUE
At 30 June 2024 150,000
At 30 June 2023 150,000

Cost or valuation at 30 June 2024 is represented by:
£   
Valuation in 2005 24,176
Valuation in 2008 10,000
Valuation in 2012 10,000
Valuation in 2014 10,000
Valuation in 2016 20,000
Valuation in 2017 20,000
Valuation in 2018 10,000
Valuation in 2021 10,000
Cost 35,824
150,000

The director provided the valuation at market value at the balance sheet date.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 7,517

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 56,756 56,349

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 28,368 23,034

Deferred
tax
£   
Balance at 1 July 2023 23,034
Movement in year 5,334
Balance at 30 June 2024 28,368

JESTFUN LIMITED (REGISTERED NUMBER: 02223214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. RESERVES
Revaluation
reserve
£   
At 1 July 2023 92,482
Transfer to Reserves (5,023 )

At 30 June 2024 87,459

9. ULTIMATE CONTROLLING PARTY

During the year the company was under the control of A C Orton, the sole director and one of the shareholders of the company.