Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31letting and operating of own or leased estate2023-04-01falsefalse22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12502663 2023-04-01 2024-03-31 12502663 2022-04-01 2023-03-31 12502663 2024-03-31 12502663 2023-03-31 12502663 c:Director1 2023-04-01 2024-03-31 12502663 d:FreeholdInvestmentProperty 2024-03-31 12502663 d:FreeholdInvestmentProperty 2023-03-31 12502663 d:CurrentFinancialInstruments 2024-03-31 12502663 d:CurrentFinancialInstruments 2023-03-31 12502663 d:Non-currentFinancialInstruments 2024-03-31 12502663 d:Non-currentFinancialInstruments 2023-03-31 12502663 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12502663 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12502663 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 12502663 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 12502663 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 12502663 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 12502663 d:ShareCapital 2024-03-31 12502663 d:ShareCapital 2023-03-31 12502663 d:SharePremium 2024-03-31 12502663 d:SharePremium 2023-03-31 12502663 d:RetainedEarningsAccumulatedLosses 2024-03-31 12502663 d:RetainedEarningsAccumulatedLosses 2023-03-31 12502663 c:OrdinaryShareClass1 2023-04-01 2024-03-31 12502663 c:OrdinaryShareClass1 2024-03-31 12502663 c:OrdinaryShareClass1 2023-03-31 12502663 c:OrdinaryShareClass2 2023-04-01 2024-03-31 12502663 c:OrdinaryShareClass2 2024-03-31 12502663 c:OrdinaryShareClass2 2023-03-31 12502663 c:FRS102 2023-04-01 2024-03-31 12502663 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12502663 c:FullAccounts 2023-04-01 2024-03-31 12502663 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12502663 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12502663









JAKAD LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
JAKAD LIMITED
REGISTERED NUMBER: 12502663

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
                                                                     Note
£
£

Fixed assets
  

Investment property
 4 
4,255,513
4,255,513

Current assets
  

Cash at bank and in hand
  
25,570
135,722

Creditors: amounts falling due within one year
 5 
(803,497)
(894,789)

Net current liabilities
  
 
 
(777,927)
 
 
(759,067)

Total assets less current liabilities
  
3,477,586
3,496,446

Creditors: amounts falling due after more than one year
 6 
(2,538,200)
(2,561,694)

  

Net assets
  
939,386
934,752


Capital and reserves
  

Called up share capital 
 8 
200
200

Share premium account
  
925,815
925,815

Profit and loss account
  
13,371
8,737

  
939,386
934,752


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 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.

Page 1

 
JAKAD LIMITED
REGISTERED NUMBER: 12502663
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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 21 March 2025.




B Jhatakia
Director

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

Page 2

 
JAKAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Jakad Ltd ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA.
The principal activity of the company during the period was that of letting and operating of own or leased
real estate.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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:

Rental income
Rental income from operating leases is recognised on straight line basis over the term of the lease.

 
2.3

Finance costs

Finance costs are charged to the Statement of comprehensive income 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 the Statement of comprehensive income in the year in which they are incurred.

 
2.5

Taxation

Tax is recognised in the Statement of comprehensive income 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.

Page 3

 
JAKAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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 the Statement of comprehensive income.

 
2.7

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.

 
2.8

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.

 
2.9

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 directors, during the year was 2 (2023 - 2).

Page 4

 
JAKAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Investment property


Investment properties

£



Valuation


At 1 April 2023
4,255,513



At 31 March 2024
4,255,513

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




2024
2023
£
£


Historic cost
4,255,513
4,255,513


5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
3,240
3,090

Corporation tax
8,354
7,749

Other creditors
773,864
864,503

Accruals and deferred income
18,039
19,447

803,497
894,789


Page 5

 
JAKAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
2,538,200
2,561,694


The following liabilities were secured:

2024
2023
£
£



Bank loans
2,538,200
2,561,694

Details of security provided:

Bank loans are secured on the investment properties in the company.


7.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
2,538,200
2,561,694



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



136 (2023 - 136) Ordinary A shares of £1.00 each
136
136
64 (2023 - 64) Ordinary B shares of £1.00 each
64
64

200

200



9.


Related party transactions

Included within other creditors due within one year is an amount of £773,864 (2023 - £864,503) due to the directors of the company.

 
Page 6