Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31falsefalsefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-07-18No description of principal activity2true 15009955 2023-07-17 15009955 2023-07-18 2024-07-31 15009955 2022-08-01 2023-07-17 15009955 2024-07-31 15009955 c:Director1 2023-07-18 2024-07-31 15009955 d:FreeholdInvestmentProperty 2023-07-18 2024-07-31 15009955 d:FreeholdInvestmentProperty 2024-07-31 15009955 d:CurrentFinancialInstruments 2024-07-31 15009955 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 15009955 d:ShareCapital 2024-07-31 15009955 d:RetainedEarningsAccumulatedLosses 2024-07-31 15009955 c:OrdinaryShareClass1 2023-07-18 2024-07-31 15009955 c:OrdinaryShareClass1 2024-07-31 15009955 c:FRS102 2023-07-18 2024-07-31 15009955 c:AuditExempt-NoAccountantsReport 2023-07-18 2024-07-31 15009955 c:FullAccounts 2023-07-18 2024-07-31 15009955 c:PrivateLimitedCompanyLtd 2023-07-18 2024-07-31 15009955 e:PoundSterling 2023-07-18 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 15009955














JADEBRICKS (CHARLES STREET) LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

 
JADEBRICKS (CHARLES STREET) LTD
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 5


 
JADEBRICKS (CHARLES STREET) LTD
REGISTERED NUMBER:15009955

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
Note
£

Fixed assets
  

Investment property
 4 
1,429,108

Current assets
  

Debtors: amounts falling due within one year
 5 
69,456

Cash at bank and in hand
  
53,302

  
122,758

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(1,549,393)

Net current liabilities
  
 
 
(1,426,635)

Total assets less current liabilities
  
2,473

  

Net assets
  
2,473


Capital and reserves
  

Called up share capital 
 7 
100

Profit and loss account
  
2,373

  
2,473


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 period 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 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 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 on 4 March 2025.


S Bagherzadeh
Director

The notes on pages 2 to 5 form part of these financial statements.
Page 1

 
JADEBRICKS (CHARLES STREET) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

1.


General information

Jadebricks (Charles Street) Ltd is a private limited liability company registered in England & Wales. Its registered office is at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The company was incorporated on 18 July 2023 and commenced trading immediately.
The principal activity of the company was that of developing a student accommodation building.
The company’s functional and presentational currency is £ Sterling.

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.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the reporting date the company has net current liabilities. The controlling party has confirmed that he has the ability and will continue to provide financial support to the company so that it will be able to carry on trading and meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. Therefore the accounts have been prepared under going concern basis.

 
2.3

Turnover

Turnover represents rental income which is receivable during the period.
Rental income is recognised in the period the property is occupied.

Page 2

 
JADEBRICKS (CHARLES STREET) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.4

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 reporting 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 reporting 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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.5

Investment property

Investment property is carried at fair value determined annually by the directors with assistance from 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.

 
2.6

Basic financial instruments

The company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans with related parties. 
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Cash and cash equivalents comprise cash balances and call deposits.


3.


Employees




The average monthly number of employees, including directors, during the period was 2.

Page 3

 
JADEBRICKS (CHARLES STREET) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
1,429,108



At 31 July 2024
1,429,108

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






5.


Debtors

2024
£


Other debtors
33,208

Prepayments and accrued income
36,248

69,456



6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
32,272

Other taxation and social security
645

Other creditors
1,512,012

Accruals and deferred income
4,464

1,549,393


Page 4

 
JADEBRICKS (CHARLES STREET) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

7.


Share capital

2024
£
Allotted, called up and fully paid


100 Ordinary shares of £1 each
100


On incorporation, the company issued 100 Ordinary share of £1 at par.

 
Page 5