Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31true2023-08-01falseDevelopment of building projects11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06956344 2023-08-01 2024-07-31 06956344 2022-08-01 2023-07-31 06956344 2024-07-31 06956344 2023-07-31 06956344 c:Director1 2023-08-01 2024-07-31 06956344 d:FreeholdInvestmentProperty 2024-07-31 06956344 d:FreeholdInvestmentProperty 2023-07-31 06956344 d:CurrentFinancialInstruments 2024-07-31 06956344 d:CurrentFinancialInstruments 2023-07-31 06956344 d:Non-currentFinancialInstruments 2024-07-31 06956344 d:Non-currentFinancialInstruments 2023-07-31 06956344 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 06956344 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 06956344 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 06956344 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 06956344 d:ShareCapital 2024-07-31 06956344 d:ShareCapital 2023-07-31 06956344 d:RevaluationReserve 2024-07-31 06956344 d:RevaluationReserve 2023-07-31 06956344 d:RetainedEarningsAccumulatedLosses 2024-07-31 06956344 d:RetainedEarningsAccumulatedLosses 2023-07-31 06956344 c:OrdinaryShareClass1 2023-08-01 2024-07-31 06956344 c:OrdinaryShareClass1 2024-07-31 06956344 c:OrdinaryShareClass1 2023-07-31 06956344 c:FRS102 2023-08-01 2024-07-31 06956344 c:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 06956344 c:FullAccounts 2023-08-01 2024-07-31 06956344 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 06956344 2 2023-08-01 2024-07-31 06956344 5 2023-08-01 2024-07-31 06956344 d:OtherDeferredTax 2024-07-31 06956344 d:OtherDeferredTax 2023-07-31 06956344 e:PoundSterling 2023-08-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06956344









3 JESTERS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
3 JESTERS LIMITED
REGISTERED NUMBER: 06956344

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
1,816,781
1,816,781

  
1,816,781
1,816,781

Current assets
  

Debtors: amounts falling due within one year
 5 
2,693
3,371

Cash at bank and in hand
  
12,002
16,947

  
14,695
20,318

Creditors: amounts falling due within one year
 6 
(177,996)
(112,299)

Net current liabilities
  
 
 
(163,301)
 
 
(91,981)

Total assets less current liabilities
  
1,653,480
1,724,800

Creditors: amounts falling due after more than one year
 7 
(695,964)
(769,219)

Provisions for liabilities
  

Deferred tax
 8 
(151,367)
(151,367)

  
 
 
(151,367)
 
 
(151,367)

Net assets
  
806,149
804,214


Capital and reserves
  

Called up share capital 
 9 
300
300

Revaluation reserve
  
79,000
79,000

Profit and loss account
  
726,849
724,914

  
806,149
804,214

Page 1

 
3 JESTERS LIMITED
REGISTERED NUMBER: 06956344
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The director considers 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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 income and retained earnings 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 on 18 March 2025.




Talwinder Singh Mandair
Director

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
3 JESTERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 06956344.  The Company's registered office is 79 Vernon Road, Birmingham, B16 9SQ.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

 
2.2

Going concern

These accounts have been prepared on a going concern basis.

 
2.3

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.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
3 JESTERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Borrowing costs

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

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.8

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

Page 4

 
3 JESTERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.9

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.

 
2.10

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
3 JESTERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 August 2023
1,816,781



At 31 July 2024
1,816,781

The 2024 valuations were made by the director, on an open market value for existing use basis.





5.


Debtors

2024
2023
£
£


Prepayments and accrued income
2,693
3,371

2,693
3,371


Page 6

 
3 JESTERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
75,177
12,992

Other creditors
101,523
98,011

Accruals and deferred income
1,296
1,296

177,996
112,299


The following liabilities were secured:

2024
2023
£
£



Bank loans
12,991
42,462

12,991
42,462

Details of security provided:

Bank loans are secured by fixed and floating charges over the assets of the company in favour of Barclays Bank PLC.


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
695,964
769,219

695,964
769,219


The following liabilities were secured:

2024
2023
£
£



Bank loans
769,218
688,685

769,218
688,685

Details of security provided:

Bank loans are secured by fixed and floating charges over the assets of the company in favour of Barclays Bank PLC.

Page 7

 
3 JESTERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

8.


Deferred taxation




2024


£






At beginning of year
(151,367)



At end of year
(151,367)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Revaluation of Investment Property
(151,367)
(151,367)

(151,367)
(151,367)


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



300 (2023 - 300) Ordinary shares of £1.00 each
300
300



10.


Transactions with directors

As at the balance sheet date £42,680 (2022: £30,279) was due to the director. The loan is interest free and repayable on demand. 

 
Page 8