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Company Registration No. 12131897 (England and Wales)
Jaak Assets Ltd Unaudited accounts for the year ended 30 June 2024
Jaak Assets Ltd Unaudited accounts Contents
Page
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Jaak Assets Ltd Company Information for the year ended 30 June 2024
Directors
Andrew Charles Gaught Jonathan Leslie Barnett
Company Number
12131897 (England and Wales)
Registered Office
OFFICE 7, 35-37 LUDGATE HILL LONDON EC4M 7JN ENGLAND
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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Jaak Assets Ltd Accountants' report
Accountants' report to the board of directors of Jaak Assets Ltd on the preparation of the unaudited statutory accounts for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Jaak Assets Ltd for the year ended 30 June 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Jaak Assets Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Jaak Assets Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jaak Assets Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Jaak Assets Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Jaak Assets Ltd. You consider that Jaak Assets Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Jaak Assets Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 28 November 2024
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Jaak Assets Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
470,000 
470,000 
Current assets
Debtors
1,750 
2,450 
Cash at bank and in hand
8,604 
7,152 
10,354 
9,602 
Creditors: amounts falling due within one year
(3,841)
(4,542)
Net current assets
6,513 
5,060 
Total assets less current liabilities
476,513 
475,060 
Creditors: amounts falling due after more than one year
(401,028)
(407,800)
Net assets
75,485 
67,260 
Capital and reserves
Called up share capital
4 
4 
Revaluation reserve
73,331 
97,775 
Profit and loss account
2,150 
(30,519)
Shareholders' funds
75,485 
67,260 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by
Andrew Charles Gaught Director Company Registration No. 12131897
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Jaak Assets Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Jaak Assets Ltd is a private company, limited by shares, registered in England and Wales, registration number 12131897. The registered office is OFFICE 7,, 35-37 LUDGATE HILL, LONDON, EC4M 7JN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Jaak Assets Ltd Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 July 2023
7,686 
At 30 June 2024
7,686 
Depreciation
At 1 July 2023
7,686 
At 30 June 2024
7,686 
Net book value
At 30 June 2024
- 
5
Investment property
2024 
£ 
Fair value at 1 July 2023
470,000 
At 30 June 2024
470,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
1,750 
2,450 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
1,750 
2,450 
Loans from directors
1,457 
1,457 
Accruals
634 
635 
3,841 
4,542 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
335,023 
331,980 
Other creditors
66,005 
75,820 
401,028 
407,800 
Aggregate of amounts that fall due for payment after five years
- 
331,980 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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